It felt kind of bad and here we are and weve actually gone into positive territory for some of the indices. Were seeing north korea acting up again but nothing has really happened. Until you see hopefully nothing really happens, the markets are going to go up and down and then hopefully we just get passed this again and we look at earnings earnings are going to drive this market nothing is happening meaning the bomb didnt land on land and so, therefore, the markets are saying, you know what, every dip you buy . I think thats what youre seeing so far unless you see a real attack. Yeah, i think its really hard to trade into an event like this we are in an environment where there are irrational actors but in terms of what the Economic Impact would be if war broke out, it would be highly localized to the asian region and specifically to the korean peninsula. So i do think that when youre thinking about it from a u. S. Investor perspective, u. S. Investors are probably insulated in their po
Will propel the coiled spring of the u. S. Economy lets give you a snapshot of this group, which represents about 14,000 u. S. Manufacturers to show you why they are so optimistic first, they are mostly small businesses, who will get passed at the pass through rate their employees are compensated higher than the average u. S. Worker, but they pay nearly 20,000 per employee in order to comply with federal regulations. That is why the president s speech, according to Senior Administration officials, will talk first about deregulation, the various ways that he has and continues to plan to cut red tape for businesses. Then he will discuss lower rates as a springboard for manufacturing and for the u. S. Economy. And also this theme of onshoring, the incentives that they believe the plan provides to bring capital back from overseas to the u. S. By incentives such as repatriation treatment and also more favorable treatment of capital investment, which is so crucial to this group that invests
On our constitution stood up and said we have made a grievous error. We have to make sure that because nowhere in history has powerful governments ceded power back to the people. We need to make sure that is available to the american people. They put the second component into article five which allows the states two thirds of the states to call on amendments conventions. It is not a constitutional commitment convention where states can offer amendments which are nothing but recommendations to go back to the states and three quarters of the states would have to approve that. What it does is it is the root relief valve for the states when they see this imbalance and what has happened is that there is no longer a balanced our between the three branches and our federal government, but there is no longer a balance of power between the federal government in the states, because 60 on average of the states when they aise money in state have federal bureaucrat tell them how they have to spin th
Some big winners, it could also start producing some big losers with the dow edging up 21 point, snaep declining marginally, and the nasdaq falling 0. 36 . Before i go into how things are playing out, let me say candidate trump may turn out to be different from President Trump. Candidate trump, what does he want to do . He wants to cut taxes, right . He wants to build infrastructure, build up our armed forces, and be tough on our trading partners. A philosophy that included scrapping nafta to get back at mexico and perhaps throwing tariffs on the host of goods we import from china. Last weeks rally was based on the first part of the premise. You got taxes, you build more and Interest Rates go high, which is good for the banks and theyve continue to rally. You give people more disposable income. Thats good for retailers and travel and leisure companies. You want to pump up our military, you need to order hardware from Lockheed Martin and northrup grumman, to name two. The moves in those
Good morning and thanks for joining us for local 5 news midday. Im Elias Johnson. Elias today 210 people will get the chance to voice their thoughts on the proposed Bakken Pipeline to the iowa utilities board. The pipeline, if approved, would cut across iowa. Carrying crude oil from north dakota to illinois. The hearing is going on right now at the Boone County Fairgrounds Community Building it started at 9 am and goes through to 5 pm. Will be split evenly between those for the project and those against it. Local 5s amanda krenz is at the hearing and joins us live with the very latest. Amanda, hows it going out there . Amanda live interviews with attendees live in Boone Amanda Krenz we are iowa. Elias expect more Team Coverage we are iowa. Later. Well have more tonight live on local 5 later. Well have more tonight live on local 5 news at 5 and 6. And you can always follow along on our website thats we are iowa dot website thats we are iowa dot com. Elias a very stormy afternoon for muc