10 00 eastern. Im ana cabrera with jose diazbalart bringing you special coverage this morning. President Biden Hitting the road today after a fiery state of the Union Address. This morning it is being called one of the feistiest and most political president ial addresses to congress in recent memory. The president warning of threats to democracy and freedom clashing with republicans in the chamber and taking aim repeatedly at his 2024 rival without once uttering his name. Now my predecessor, a former republican president tells putin, quote, do whatever the hell you want. Thats a quote. Its dangerous and its unacceptable. You guys dont want another 2 trillion tax cut . I kind of thought thats what your plan was. Oh, you dont like that bill, huh . My predecessor and some of you here seek so bury the truth about january 6th. I will not do that. Heres the simple truth. You cant love your country only when you win. [ cheers and applause ] and joining us now from the white house, nbcs aaron
S p 500 up about one half of 1 . It is reaching new records this week. You also have the nasdaq 100 up about. 4 . Similar gains in the Philadelphia Semiconductor index. I have been watching the performance and the semiconductors versus the nasdaq 100. You have seen the nasdaq lose some steam to give shares to its other rival in technology. Twoyear yield down five basis points. 444 level. We started above 460. We started last week above 471. We will talk more about where yields are headed. Lets talk about the jobs report. That blowup report this morning the economy adding 275,000 jobs last month. Bloomberg spoke with acting labor secretary julie su about the data in the last hour. Sec. Su jobs numbers are very strong. The threemonth average is actually 265,000. We look at trends as much as monthly numbers. Our overtime figures demonstrates strong steady continued growth. Exactly what we want to see. It feels like the definition of a soft landing. Sonali Michael Mckee is joining us with
The Harper Library of the university of chicago. Almostre. Like every family, the United States has suffered one of the great evils of our time inflation. Spiraling prices, bring unemployment and threaten to whole people. Well, now weve all agonized about this problem. Milton friedman has spent many years analyzing it, and hes convinced he understands the cure. As youll see in this film. The sierra nevadas in california, 10,000 feet above sea level in the winter, temperatures dropo 40 below zero. In the summer, the place bakes in the thin mountain air in this unlikelyn of bodie spring up in day. Bodie was filled with prostitute drunkards and colorful history e American West west. Is. A century ago this was a town of 10,000 people. What brought themgold if this w, people would be scrambling for it. A series gold strikes throughout the west brought people from all over the world all kinds of people. They came here for one purpose and one purpose only to strike rich quick. But in the proc
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
Presented and quorum is present. And can you call the next item. Thank you item number 2, communications. We welcome the publics participation. During Public Comment period. There will be an opportunity for general Public Comment at the meeting after closed session and an opportunity to comment on each discussion or action item on the agenda. Each comment is limited to 2 minutes. Public comment will be take place be inperson and remotely by call in. For each item the board will take the comments from people inperson and during the Public Comment time is available by calling. Public comment callin 4156550001 access code 2663 414 9768 when connected hear the meeting discussions but will be muted and listening mode added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly, and turn down your television, radio, or computer. Please noted city policies with local policies dont permit harassment and only on matter within the jurisdiction and thank y