Pills, even if you didnt think you needed them. Here with the details with dr. Lee vinokur and pharmaceutical expert, shane. Doctor, let me start with you. What is the reasoning behind this . Well because in the past everybody talked about knowing your numbers and while its important, thats not the endgame or the goal. The goal is to prevent heart attacks, prevent deaths from heart disease. It is still the number one killer for wen and men today and it isnt just a number. And what theyre finding, even though theyre recommending, maybe more pills for a wider range of people, it is actually more holistic in a sense because it looks at more things. It looks at Blood Pressure. Looks at sex. It looks at race. It looks at exercise and diet. There was a group of people, for instance the new recommendation between 40 and 75 and have type 2 diabetes because these drugs, statins, they do lower cholesterol but they also can lower triglycerides. They are antiinflammatory. Melissa right. In an esse
If the index manageses to close in positive territory it, would be the third record close in a row and 13th of the year. Fox businesss charlie gasparino, wall street journal James Freeman and former verizon president denny strigle. Were thinking with all the money printing there will eventually be a reckoning, right now the market is rising with Economic News not all that great. Melissa absolutely. Another big blow for detroit. A City Task Force demanding 40,000 buildings being demolished and cleaned up immediately due to dire conditions. Comes with a hefty price tag, 850 million bucks. The real cost could be billions or higher. Charlie what do you think about this one . Youve been reporting on this for a while . Listen, detroit is in desperate shape. I do know wall street firms advised them to basically downsize the city and sell off chunks of it. Abandoned land or citys condemned land. There is lot of abandoned buildings. Melissa 40,000 buildings to be demolished. And miles upon mile
Rising moderately and business fixed investment is advancing. While the recovery in the housing sector remains slow, fiscal policy is restraining Economic Growth although the extent of restraint is diminishing. Inflation has moved somewhat closer to the committees longerrun objective. Longer term Inflation Expectations have remained stable. Going to skip over redundant language from the last statement. This one says that beginning in august the fed will cut its qe bond purchases to 25 billion a month from 35 billion a month currently. Skipping forward again, over redundant language, the fed is maintaining the federal fund rate at 0 to a quarter percent once again. Finally getting to the vote, it was 91 this time with Philadelphia Fed president Charles Plosser dissenting and he is an inflation hawk. According to the statement he voted against it because he objected to the guidance indicating that it will likely be appropriate to maintain the current target rate for the federal fund rate
Rally into a period of lower returns. Here to discuss that our own liz macdonald, dominic tavella, diversified financial and James Freeman of the wall street journal. Like that cranky old neighbor on the lawn, waving their fist, what do you think . Is the market about to make a screeching uturn according to uncle cranky pants . It is all about the 10year note. September is a really ugly month for earnings revisions. Historically the worst month. Melissa youre with cranky barclays. Are you cranky . I dont think barclays is cranky, if this is the bear case, i understand it, barclays are saying stocks will run up 8 between now and end of 2015. If that is worstcase scenario life is pretty good. Not quite on barclays side, the last 60 years they cut costs refinanced death, issued more debt to buy back stocks. Melissa barclays themselves . No. Corporate america. What is the catalyst Going Forward . There is no impetus to push the stock prices 100 higher. Theyre saying companies with stock bu
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