Russell 1,000. The russell 2,000 and the s p 400 midcaps have all hit alltime highs. Ten dow components have set multi year highs in october with seven reaching alltime highs. As for its year in the markets, volatility has fallen almost 18 this month. Of course, the lineup has led some to question if things have gone too far too fast. Pim pimcos bill gross on cnbc yesterday after the fed decision. The markets are bubbling and all asset prices are bubbling down. Steve liesman has pointed out Profit Margins are bubbling. To the extent that any of them can be suspended i guess is the ultimate test in terms of tapering or, you know, the purchases by the fed in terms of adding to the down shape. But, yes, slightly bubbly. All right, a little spooky. Well talk more about his opinions through wrought the morning. The futures at this point are indicated lower. Right now, you see some red arrows there. Dow futures down by about 30 points below fair. The s p futures off by about 2 points. On tod
Nations bank. And a job market that looks very much different today than it did just a year ago. And thats where we begin tonight. One of the biggest things in the American Economy undergoing significant change is the labor market. The Unemployment Rate is coming down, but the amount of people looking for work is at a record low. Those out of work for an extended period of time now have no safety net. Veronica is caught in the crossfire of the new economy. She is one of the 3 million americans who are out of work for more than a year. That 1200 a month has been an economic lifeline. Not having that money is devastating. I dont know where im going to get money to pay my rent, to buy food, to pay car insurance. Its it almost leaves me speechless just trying to articulate what it means not to have that money to fall back on. Reporter whats next for her . Its complicated. Armed with a phd in law enforcement, it was not that long ago when she was earning more than 75,000 a year, owned a con
Thank you, dan. My book which was released in november has a title with a slight sense of irony, free market is in quotes and a talk about how the free market which we think of as the quintessential opposite of the government was created by the government. This is clearly a pushback against some of the talk we hear recently to keep the government out of health care, keep the government out of my medicare, is the government up to the task of reforming the Health Care System . After the shaky roll out of the Insurance Exchange is, is it up to the task of really anything . I started this book in 2008 a four there was an obamacare or even a president obama, but it has a lot to say about the Affordable Care act and white is the way it is and the content. So it was in a way fortuitous that events play themselves out as they did so that i can really lead up to whats happening today, which is very much part of the historical picture. I start out with the conventional view, or at least the wide
Hello again. One year ago this week, president obama was coasting toward reelection, now hes coming off one of the toughest weeks of his second term. Lets start out with our chief White House Correspondent jon karl. With more on that. You have the obama care, nsa spying controversial and now this new book double down shows that winning campaigns arent pretty on the inside. Thats right, george. Apparently some of the president s top aides leaked so much information to authors of this book. In the president s weekly address, no mention of obama care or veep switches. I want to cut through that noise and talk plainly about what we should do right now to keep growing this economy. And creating new jobs. Reporter just an effort to turn the page in one of his toughest weeks in his second term. Who would have thought this joke on saturday night live. Millions of americans are visiting healthcare. Gov which is great news. Unfortunately the site was only designed to handle six users at a time.