This is bulls bears and im david asman. Joining me on the panel neo komodo is with us. Jackie, Adam Rosinski and gary. White House National economic director larry kudlow sounded very optimistic about the economy. Here is what he told Stuart Varney earlier. Looking at the data, but the coincident and forwardlooking indicators, i believe there is no recession in sight. We could be in attorney zone back to the 3 growth, again i come back to the household numbers and then appointment numbers. You can look at this much more positively. Neo komodo, what are the chances of getting back to the 3 Economic Growth . I think we can get back there, not anytime soon if you think of the state of the world, we have to really hope that the rest of the world by their stuff and keeps going and back and forth. To get back to those levels. Its not out of the question but ive been given the ongoing concern about trade and Manufacturing Sector and what happened on services. Even though most of the data that
David welcome to cavuto coast to coast im david asman in for neil cavuto. President hitting back over criticism after phone call with the ukrainian president and a democratic impeachment push. Blake burman is at the white house with the very latest. Reporter the president arrived at the United Nations about an hour early. He will be there for three days of meetings to talk to a dozen World Leaders to give a big speech tomorrow. As he was arrived this morning he was asked about the phone call earlier this summer with a newlyelected ukrainian leader volodymyr zelensky. He acknowledged on the phone call he did indeed talk about joe biden. The president also saying the conversations on the call were appropriate and that biden shoulding investigated in his view. The president feels that bidens son hunter benefited from business dealings in ukraine and china. Because of his fathers position then as Vice President. Phone call with the president of ukraine. Everybody knows it. It is just a dem
Partsinevelos, Jonathan Hoenig and liz peek. After an attack on saudi oil facilities, will President Trump be able to drum up support for action against iran . What do you think, liz . I think it is very difficult, the european allies in particular want to preserve the so called jcpoa, the nuclear deal with iran. They have their own selfinterests and mercantile interests at heart. They want to do deals with iran. The minute the deal was concluded they were in iran negotiating all kinds of pretty large scale export projects and stuff like that. They want that to continue. There was a little bit of a breakthrough today when boris johnson, obviously the new head of the u. K. , said he was interested in possibly doing a deal, and irans foreign minister also talked about how maybe we could do a new deal with perpetuity of inspections and restraint on building a Nuclear Weapon in exchange for perpetuating the lifting of sanctions. So theres movement, but its a pretty tough sell. Thats the mo
Virtually all subpoena 500 sectors are down. S p 500 sectors. Thisjackie deangelis is here wat breakdown. Reporter good afternoon, neil. October has gotten off to a rocky start i would say. The fundamentals of the u. S. Economy had been holding up but the data is signaling that there are some cracks there. Today es nonism manufacturing number is important, showing slowing growth in the Services Sector. Reading of 52. 6 is down from 53. 4 in august. Fed cutting Interest Rates, reacting sharply, forecasting another quarterpoint move lower at the fomc meeting at the end of the month. The number is essentially neutral but it indicates sloyer growth here. We earlier saw a slip in manufacturing as well. You combine two of those things there is definitely a red flag. Meantime bed, bath beyond, increasing number of stores it is planning to close. In april it said it would close 40 stores. Now that number bumped up to 60. Retailing in general, 4600 store closures for the year announced by u. S.
A capitalist winter, because the nerve center of capitalism had been hit, but the market when it reopened, it careened. Fell more than 14 that trading abbreviated week. A lot of folks said depression was in route. We would never recoup the losses maybe for years. It took us barely a month. The reminder nowot only of american capitalist spirit but america period. Who better to know that, but appreciate that, retired fourstar general jack keane. Always good to have you. Good to be here, neil. Neil i always like to put that in perspective, general, we tend to think well never get through this, well never get through this. Time and again we get through it. There are bumps, horrific tragedies along the way, tragedies after tragedies, that punctuate that along the way but invariably, this country much like stock market charts over time go invariably up. I think that says something about us. You . It definitely does and you know it is interesting we captured Khalid Sheikh mohammed who was the