Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point pushing become a bit on that. Lets look at what happened overnight in asia. You will see the nikkei was up by 2 . Big swing back for it. Hang seng was up by 1 the shanghai up by 0. 8 . Again, the nikkei reversing course after the weakness we had seen the day before. European equities this morning, you will be seeing green arrows there. The dax is up by 0. 3 . The cac and ftse up by 0. 2 . Italy and spain weaker italy down by 0. 9 look at the treasury market. Right now on this friday were headin
Continues. Host a conversati on a reach out to rural voters with heidi from north dakota, former senator from 20132019 and a founding board member of the one country project, j. D. Scholten, and the state director for working hero iowa. One country project. How would you sum it up . Caller guest the Democratic Party has lost Rural America and time we get it back. This is our attempt to say there is plenty democratic policies good for Rural America and listening the Democratic Party needs to do. Host was that clear cut the last election or before . Guest the trend has been continuing since 2008, president obama did well in 2008 and less well in 2012 and 2016 was a disaster and you can see the trend. It is important that people understand you cannot win National Elections and you cannot win back the senate if youre not speaking to Rural Americans. Host what is the message to Rural America you think has to be delivered . Guest getting out there and having the right message and part of it
S p and the dow look to make some history again today crypto again as we said in the cross hairs getting blasted from all sides and a surprise for snap were going to tell you what has that stock moving higher this morning. Stocks are aiming to make some history again dow and the s p on track to set some new alltime interday records. A day after posting record closes including the dow finishing above 27,000 for the first time, jim. As, again, powell was the name of the game. Yeah. Look, powell is giving you what you want if youre a bull. There were some great lines where you said, look, remember what my job is my job is if we have an expansion, keep it going and that is so bullish because what hes saying is we have an expansion. It may be slowing. Weve got to keep it going so we have to do some cutting. The part of the game with 25 versus 50 is a setup the bears are saying we need 50 so that the stock market does not run down theyre not going to get 50. Im disappointed i think what powe
Would think about what we are doing with our military . Soldiers want to serve in the military, et cetera. Guest first of all, in terms of our federal spending for national security, which is part of the constitution and thatction of our country, is probably about 15 , 12 to 15 of total spending. The total number of entitlements , in terms of Social Security, medicare, medicaid and paying the interest on public debt that has to be paid, we are talking about 70 . Theres a difference here. You could reduce defense spending. Its not something popular right now. The president has asked for an increase in defense spending as well as there seems to be consensus in the congress there should be an increase in defense spending relative to where we are today. Even though the uncertainties. Im not disagreeing with you or suggesting we shouldnt look for finding where there is waste abuse or whatever, unnecessary spending in defense and nondefense programs, but still, after said that having said th
Of factors involved in that. These are all projections. Generally because of the demographics and the changes in the way we are an aging population in the fact we pay a lot in terms ofs medicare and Social Security benefits will continue to grow. As a consequence along with paying the interest on accumulated debt itself means that we would be looking at the possibility of the debt to what we call debt to level of the government growing from where it is today which is at a historic high around 78 percent of gdp well up into the 100 a 150 percent over the next 30 t 40 years. 144 percent by 2049 or so. Right. Thats historically very high of course. We like to think that will not happen but if it should happen it certainly is something unprecedented in terms of the countrys history. If you had to make a list of the drivers of this debt what would you put on top of the list . I would say in the near term if the entitlement, the spending we have created for particularly dealing with the agin