Without doing anything at all. Is that the real worry hi everybody im dagen mcdowell, this is bulls bears. The bulls and baser this week gary b. Smith, jonas max ferris, John Layfield and chuck rocha. Welcome to everybody. Gary b. , are these democrats worrying about the wrong thing . Well theyre worried about 1. 5 trillion to the deficit which i disagree with but here is the problem. The debt is forecasted to be over the next few years 88 trillion. Its inescapable and here is why 0. 92 of every dollar the government takes in they spend on entitlement programs, Social Security medicare and medicaid plus interest, do you know what those are forecast to increase over the next few years Social Security 62 medicare 73 medicaid 45 , dagen . The problem is not tax cuts. Its not tax revenues. The problem that we have this Big Entitlement Program moving through, increasing increasing over the next 10 years, if you include state and local spending , the government total federal state and local
Is that the real worry hi everybody im dagen mcdowell, this is bulls bears. The bulls and baser this week gary b. Smith, jonas max ferris, John Layfield and chuck rocha. Welcome to everybody. Gary b. , are these democrats worrying about the wrong thing . Well theyre worried about 1. 5 trillion to the deficit which i disagree with but here is the problem. The debt is forecasted to be over the next few years 88 trillion. Its inescapable and here is why 0. 92 of every dollar the government takes in they spend on entitlement programs, Social Security medicare and medicaid plus interest, do you know what those are forecast to increase over the next few years Social Security 62 medicare 73 medicaid 45 , dagen . The problem is not tax cuts. Its not tax revenues. The problem that we have this Big Entitlement Program moving through, increasing increasing over the next 10 years, if you include state and local spending , the government total federal state and local will spend half of everything w
To todays outage suffered by the wall street journal site and by united airlines. More on both of those in a bit. Sources tell cnbc that the New York Stock Exchange problem may have been the result of an overnight Software Upgrade and traders got a little bit of warning because before the exchange opened this morning there was a bulletin sent out, we have got some kind of a technical problem. So, when it actually struck about 11 30 there wasnt panic there wasnt a big selloff, because there still was trading. These stocks that couldnt be traded on the New York Stock Exchange could be traded on the internet on something called bats. So, in summary, problem fixed, not a hack attack and no official word on what caused the worst technical outage ever to strike the New York Stock Exchange. Steve handelsman, thanks steve. Now to the other big computer glitch thats still causing a Summer Travel nightmare for thousands of people. United airlines was forced to ground some 3500 flights across the
The country testing another missile over the weekend. Details on what the pentagon is doing in response later this hour. British airways attended dozens of flights canceled. Passengers stranded. This is a trip of a lifetime for the last year and a half. We are back to work next week. Just say go home, nothing to do with us. There have been better system. Back up and running. The cost could hit nine figures. Another line of Great Recession has faded away. Credit scores hitting a record high. The health of the economy coming out. Markets reopening after the holiday weekend. You can see slight losses across the board right now. The s p 500 ad this day at alltime highs. If you take a look at the dow, the dow is only 35 points away from a record close. In europe, checking Market Action on three major markets. Across the board although very modest in germany. In asia overnight, markets in china and hong kong closed for a holiday. He canned coffee with little change. Well was tiger woods arre
Chairman isakson call this meet of the Senate Veterans Affairs Committee together. I apologize again for being a little bit late i want to make sure were on the right track. I didnt mess anything up. I want to welcome secretary shulkin, who has had a great start. I dont think anybody in this administration started out with a better unanimous vote than he. Doing better than unanimous when you are confirmed. I think the vote last week on accountability was extraordinary. And the way we got to the decision working together was extraordinary and i commend the Ranking Member on his help in doing the same. We have some other things to do today to Start Talking about. Well have some other decisions made. We can keep the same tempo, same discipline, and same commitment to making sure we all know what each other knows before they happen rather than find out after the fact well all be better off. I welcome dr. Shulkin and the other members of the staff that are here today. And appreciate all tha