Its still far foo high. We know they work. Tell e we know theyve made huge differences in peoples lives. Theyve taken people from extreme poverty and brought them up. Theyve taken people only the edge and brought them out of poverty. They are some of the best partnerships in many ways, that people have ever known. Despite this some of the people in this town so many people in this town that dress well, that get good titles that have good salaries, good benefits, including hemtcare paid by the taxpayers of the united states, so many people want to cut and undermine and emasculate these programs that clearly work. They want to do that, in large part, because of their view of government. That government can never work. That government should never be on the side of people in the mid lt class or government should never be on the side of people that aspire to the middle class of low income workers. This fight has been going on for a long time. Ralph Waldo Emmerson spoke about the innovators
We know they work. Tell e we know theyve made huge differences in peoples lives. Theyve taken people from extreme poverty and brought them up. Theyve taken people only the edge and brought them out of poverty. They are some of the best partnerships in many ways, that people have ever known. Despite this some of the people in this town so many people in this town that dress well, that get good titles that have good salaries, good benefits, including hemtcare paid by the taxpayers of the united states, so many people want to cut and undermine and emasculate these programs that clearly work. They want to do that, in large part, because of their view of government. That government can never work. That government should never be on the side of people in the mid lt class or government should never be on the side of people that aspire to the middle class of low income workers. This fight has been going on for a long time. Ralph Waldo Emmerson spoke about the innovators and the con verve xxs.
Are quite high end quote and that they represent quote potential dangers. Yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. Nasdaq tumbling 0. 40 . Everyone is entitled to their opinion. That doesnt mean i think everyone should express that opinion especially when they run the Federal Reserve and the topic is stocks. Why do i say that . As a grizzled veteran of the markets i know this can be unhelpful. I remember in december of 1996 when Alan Greenspan panicked many talking about how stocks are suffering from irrational exuberance. How did you do if you listened to greenspan . Forget the fact that you would have missed out on one of the greatest bull runs. The dow was at 6308 and now its over 17300. Come on. Same thing happened in july of last year. When janet yellen herself said that valuation metrics in some sectors particularly biotech and social media and i quote, do appear substantially stretched. Hmm. Howd that go . Okay, at the biotech was
According to the situation. Dollar general will be offering to divest up to 1500 stores if required by the ftc. Now, before they had offered 700 stores. This even though Dollar General says it believes that the pledge to divest those 700 stores as part of the proposal provide more than enough to clear any regulatory review. It includes a 500 million reverse break up fee. And the important point there is to ensure how confident they would be. Its a long, sordid story. Skoe and i have gone back and forth. On august 21st, Family Dollar rejected ads 7. 58 share a bid for Dollar General. What they did at the time is they cited and they didnt think the deal would clear. Family dollars board has been suggesting a stock proprosal. Now were at 80 with the addition of or with the edition of the reverse breakup fee and saying they would get rid of more stores. Remember when the press release came out with the initial deal . They trumpeted the fact that they would be the largest, that they would h
Good morning, everybody. Wow, what a crowd. What a crowd. Whoa. Were in detroit. [ cheers and applause ] were live in detroit this morning. Really great to be here. 10,000 Small Business owners behind us, a few of them. Just 14 months ago the story here in detroit and across
national headlines was the fall of a once great city but today were celebrating a lot of thing here. Were happy to say thats no longer the case in many ways. After decades of rising debt, dwindling population and increasing racial tensions, the birth place of motown and the Auto Industry is mounting a come back and were here to celebrate that through good oldfashioned hard work, american ingenuity, entrepreneurs seizing opportunity detroit success remade into a 21st century metropolis and over the next three hours well bring you the stories of how thats happening, the stories of the people behind us, well also be speaking to ceos warren buff jet and Lloyd Blankfein. Marc morial and dan gilbert will be here as well