Apocalyptic. The house of pain. Kind of like a plague of locusts or a rain of frogs. Remember theyre not to stop smacking the space to the economy slows down. We are seeing above average job growth in all sorts of areas. It is like there is no slowdown whatsoever. It either looks like the shutter of the spine of traders who cannot stop this inflation. So here comes the october crash. But once youve pulled these numbers apart, the economy is cutting a heck of a lot of jobs, there is a lot less wage pressure which is what we really care about than we ever expect amongst the midst of this high. What we expect of Wage Inflation without discharge may jobs. That would be ideal point we just did not think was even possible. The bears did not think it was possible. Next thing you know, the average plumage down hard. Started soaring. These numbers could make it so that we have thats how the dow finished up to 88 points. Nasdaq pulled 1. 6 . House of leisure. It looks like we would have nice job
Radicalization. A figure with maximum street cred with extremists. Stokes fear based on racial stereotypes, accuses marginalized populations of being terrorists and then throws in more rhetorical bombs and thats where we findous today. Unchartered territory pap clear escalation in the specificity and repetition of Donald Trumps violent rhetoric in recent days. Donald trump has called for the countrys top Military Official to be executed. Donald trump targeted a court clerk with a baseless smear that throwed a gag order. Hes repeatedly gone after the prosecutors who charged him with 9 1 felony accounts in total and now attacks on White Supremacist rhetoric. On this program we try our hardest not to ever amplify his most dangerous comments but were going to play them for you here today right now, because we believe you should hear the comments from the man himself. Nobody has any idea where these people are coming from and we know they come from prisons, come from mental institutions ins
Star county, texas, but border czar mayorkas says theres an immediate need of physical barriers. Perhaps the president is trying to look good just as republicans embarrassed themselves. The wall announcement came just as the matt gaetz fiasco rolls on. Without a speaker, the house can do very little and will have to wait until next week to replace Kevin Mccarthy. Expect the democrats to exploit the republican dilemma. Conservatives not going. Got nothing. The rapid rise in treasury yields has fueled a stock market selloff. This morning those yields are pulling back with. Were down to 4. 73 on the 10year, theyd been lower than that, and the 2year hovering at 5. 03. So far though theres been no stock bounce. The dow down ab 80 points at the opening bell, nasdaq down about 25 at the opening bell. No idea where we close today. Bitcoin, thats held up nicely, time to look at gas. Regular averages 3. 76, ask and look at california. Its dropped well below 6 a barrel, 5. 93 in the formerly gold
After classrooms were ransacked. We are live in california and new york. George donald trump in contempt, ordered to pay a fine for violating his gag order, as a lawyer for Stormy Daniels takes the stands. What he said motivated the hush money payment to the porn star. Robin Brittney Griner on her life behind bars in russia and the moment she thought her life was over. I did, too. Robin known as one of the worst prisons in russia. Yeah. Robin what were the conditions like there . The guilt she still feels. Its my fault. I let everybody down. Robin and how brittney got through her time at a notorious labor camp. Gotta do what you gotta do to survive. Robin only on gma this morning. George tornado outbreak strikes again as 13 reported twisters in three states. Ginger is tracking the threats right now. George abortion rights fight as floridas six week ban takes effect. President biden puts the issue front and center in the fight for the white house. Marijuanas move. The drug set to be rec
Citing high valuation and concerns of soft u. S. Growth. And its the Largest Health care strike in u. S. History. Some 75,000 Union Members at Kaiser Permanente walk out of hospitals and medical offices. Lets begin with the markets. Dow coming off the worst day since march as you may know by now, losing its gains for the year to date. Jim, this morning, writing a lot about the tyranny of the tenyear, as you put it. Look, i think theres a consensus building that you cant have the yield curve be the shape that its in now, and i know this probably bores a lot of people, but if youre just trying to figure out, what the heck is this all about, theres a sense if you go out ten years, we got to go the usual, which is that theres a steepening curve and were all going to have to pay a little more if we go out long. Meaning, lets say you need a mortgage, thats going to go higher. We got a number that was softer today from adp and shows theres not as much wage growth, which is what people are wor