Is about to bite us in the assets. Sues out, im in, tyler at the nyse. All right. Great to be with you. Futures, of course, this morning a bit of a bleak story, but its been a pretty good day frankly. Certainly for the s p 500, certainly for the nasdaq compass sit. Is wall street worried washington will not get itself together before the next set of deadlines. January 15th to fund the government. February 7th for the debt ceiling. What is the worry here . Theres not much if you look at the spx at 1729. I think thats an alltime high interday and the composite look at that, 3856 and that is, what, 140 some points away from 4,000. 90 days away from the Government Shutdown, maybe another one, 113 for the debt ceiling. The alltime high for the s p as we said, was 1729 and look, we dont have it on there, but well get to it. 1729. The industrials down just 33 points. But a large reason for that is ibms troubles. Its a highpriced stock and the dow, of course, as bob pointed out, price weighted
This is real money. You are the most important part of the show. Join our live conversation at twitter, facebook. Com aj real money. Onethird of all american households 38 million in total live paycheck to paycheck every month. Get this, the majority of them earn around 50,000 a year. What most people might consider middle class in this country although some would say thats far too low to be considered middle class. These are findings of a new study. The family set aside little or nothing for a rainy day making them vulnerable when and if hard times hit like a medical emergency or lost income. Of the 38 million americans who live paycheck to paycheck. 13 million with an income of 20,000 a year. These poor handtomouth households tend to be younger and often live paycheck to paycheck for years because they have a harder time improving their financial situation. Heres the thing, 25 of the 38 million households arent what you would call poor at all. Not only do they earn around 50,000 a ye
This is real money and youre the most important part of the show. Join our live conversation on twitter realmoney or facebook. Com ajrealmoney. New Inflation Numbers show prices overall in america only rose by a pinch in february. The Consumer Price index was up 1. 1 compared to the same time last year. Not so bad. But food prices overall are up about 1. 4 in the last year, and the government says americans should expect to see food prices rise by as much as 3. 5 in 2014. Now, if that is true, that would be the biggest increase in three years. Much of the rise will come from higher meat and dairy prices. Drought conditions in california and texas forced farmers and ranchers to cull their herds, but demand has been constant, so prices are increasing. Then theres milk. A growing appetite for it in asia is tightening supply here in america. Meanwhi meanwhile, prices for coffee and sugar are up because of dry weather in brazil. Coffee futures are up 72 since december. Hogs 43 more expensiv
This is real money and youre the most important part of the show. Join our live conversation on twitter realmoney or facebook. Com ajrealmoney. New Inflation Numbers show prices overall in america only rose by a pinch in february. The Consumer Price index was up 1. 1 compared to the same time last year. Not so bad. But food prices overall are up about 1. 4 in the last year, and the government says americans should expect to see food prices rise by as much as 3. 5 in 2014. Now, if that is true, that would be the biggest increase in three years. Much of the rise will come from higher meat and dairy prices. Drought conditions in california and texas forced farmers and ranchers to cull their herds, but demand has been constant, so prices are increasing. Then theres milk. A growing appetite for it in asia is tightening supply here in america. Meanwhi meanwhile, prices for coffee and sugar are up because of dry weather in brazil. Coffee futures are up 72 since december. Hogs 43 more expensiv
This is real money and you are part of the show. Joint the conversation is the five years after a worldwide economic downturn the risk of financial implosion to america and the globe subsided. In our interconnected world there are growing Political Risks that can damage your posterity. Here are three you need to Pay Attention to the escalatining crisis of russia with the ukraine appears to pull it into recession, if it happens, its not clear that it will, it will be felt beyond that country. Investors are pulling as much as 70 billion out of the country as fears of sanctions set in. Russia today is the secondlargest exporter of natural gas in the world, and, number three, when it comes to oil. Russia is not the only threat to the global economy. Mass protests by growing and assertive middle classes in venezuela, turkey and brazil is challenging the order. The unrest led to currency controls and emergency Interest Rate hikes, moves that make markets jittery. Each country has challenges,