Stocks declining. They are alike lower on oil prices. Tom lots to talk about, not only the markets, but look just across the bloomberg hd screen, francine. European unemployment coming bon stocks declining. They are alike lower in, and that was off that german unemployment. Its a shift from challenged markets with a good economy. Francine yeah, pretty good. Maybe pretty good is too optimistic, but the overall jobless rate decreased. So it is a little better than expected. Well itake it. Lets get to the first word. Vonnie thank you. The first test of the president ial campaign ended up with surprising results. Ted cruz won the republican vote while Hillary Clinton edged out Bernie Sanders. Cruz upset donald trump 20 to 24 , and marco rubio did better than expected with 23 . Victory for the grassroots. [applause] tonight is a victory for courageous conservatives across iowa and all across this great nation. Caroline meanwhile vonnie meanwhile, Hillary Clinton failed to get a decisive vic
4. 5 billion stake in phillips 66. Well get to all of it and a lot more. Futures are falling as we ring the last opening bell to the month. The bells are saying good rid kans to august. The nasdaq down its the worst month since may of 2012. Well see whether or not we finally get the weeks were used to having in august which are not nearly as exciting as last week. The market is very thin. People making a lot of big moves in a market that is not that stable, but i would point out that we have to get used to this. Last night the futures were down 25. There was nothing going on. China wasnt that bad. Stanley fischer, i felt was consistent with friday. It was a speech about inflation. And what i really want to point out is that we are down a lot on a lot of stocks. If you revisit last tuesday, almost everything is down. We have to start recognizing the market is pricing in whatever the fed does even though you may hear that only 40 say the fed is going to hike. Theres way too many stocks d
Im David Shuster in for ali velshi and this is real money. One day after president obama came out swinging today. In idaho the president hammered republicans for their opposition to economics. The president wants new tax breaks for working class americans and wants certain inside to be paid for with higher taxes on the people who have benefited the most in the economic recovery the wealthy. The american works who are struggling the most, the president said its time to raise the National Minimum wage. Thats what middle class economics is. The idea that this country does best when everyone gets their fair shot. Everyone does their fair share. Everyone plays by the same set of rules. Raising the minimum wage equal pay for women reducing student debt loads the president has lobbied for these policies before. The new ideas including Free Community college paid sick leave and proposals to change the taxes and tax rates. But old or new all the president s proposals are designed to bolster the
One day after president obama came out swinging today. In idaho the president hammered republicans for their opposition to economics. The president wants new tax breaks for working class americans and wants certain inside to be paid for with higher taxes on the people who have benefited the most in the economic recovery the wealthy. The american works who are struggling the most, the president said its time to raise the National Minimum wage. Thats what middle class economics is. The idea that this country does best when everyone gets their fair shot. Everyone does their fair share. Everyone plays by the same set of rules. Raising the minimum wage equal pay for women, reducing student debt loads the president has lobbied for these policies before. The new ideas including Free Community college, paid sick leave and proposals to change the taxes and tax rates. But old or new, all the president s proposals are designed to bolster the middle class. Thats the rub for most americans, the sta
It has been a roller coaster ride for the week among but it has slowed down today. We have been correction free for since thee years summer of 2011. Perhaps we are making up for lost time. In terms of where we are right now, the dow is making its smallest move in four days. We are measuring in terms of small moves. Pressure,r some little changed at this hour. Did surpass its high for the year. In terms of where we are for the week, it is the fourth straight weekly loss for the s p 500. The dow had seen consecutive days of triple digit point moves which we have not seen since 2011. Earlier about the catalyst behind the sudden weakness this week. That theeve fundamental reason for weaker prices in the last few months has been essentially the rate of recognition by the Investment Community that Global Growth is not accelerating, but slowing down. We also spoke with the head of equity strategy. Looking ahead, a lot of people are saying look at the credit Market Indicator as a good idea of