memo from darrell issa to john koskinen. want to try again? this after the irs commissioner s sworn testimony appeared to contradict lois lerner s at the house oversight committee s hearings on the agency s alleged targeting of conservative groups. now the chairman, california congressman, darrell issa, is offering koskinen a chance to amend his testimony. former press aide to kemp, now president of talk radio news service, and a fox news contributor. mark lieu sheeny is a chief investment strategist. and because we have ticket out of our normal studio this holiday weekend and ran out of space, joining us from the newsroom is steve moore, chief
from an economic standpoint. and 50% of dodd frank hasn t been out there. stheer still sort of righting it. overall, the jobs number on thursday was very strong. mark mentioned how gdp is going to be critical going forward. what s your take on where we are? i wish we had seen this three years ago. we could have gotten a better tax and regulatory policy from this administration that was pro growth. that s a huge difference between the 6.1% being reported. the second part is the wage pressure. people are bringing less take hoef home paip pay and the costs are going up and this is hurting the real economy. still to come, the one thing to watch for in the week ahead or weeks ahead on sunday morning futures. we ll be right back. quiet! mom has a headache!
like they questioned so many others. i think that s a great point. everyone is questioning institutions. at the end of the week last week, we have got a great jobs number, mark. much better than people expected, 288,000 new jobs created. but just a week earlier, we got a gdp that contracted, 2.9%. how do these two things jive together, from your standpoint? actually, i think we can reconcile that. and the fact is, in the first quarter, that was a weather-induced number that i don t think is likely to be repeated in subsequent quarters. we re not likely to see polar vortexes of every quarter in 2014. but that said, i think what we re seeing in the labor market is encouraging. today s number, while inarguably good, is also building on a pattern of elastic, where we have averaging 230,000 jobs a month, providing the horsepower for consumer spending. we will have a snapback in two gdp reading shortly in the next couple weeks and see moderation after that.
seems. everybody is kind of putting up this barricade, including lois lerner, with two pleads of the fifth. and by the way, the administration why isn t the administration putting some pressure on lois lerner to come forward? you know, in fact, they ve almost encouraged her to take the fifth amendment, which only makes american people think there is really something to hide here. do you think we will get a special prosecutor? steve? i do. i think that the crisis worsens with every week, and it s clear that there is a kind of there s a kind of cloud of suspicion over the irs. it can t function as an agency, maria, if people don t trust it. mark, you re a wall street guy, and i think on wall street we learn that e-mails never disappear. no, they don t. and in addition to that, the trail that goes along with it associated with the lack of trust. again, an investment community representative like myself, is trying to work hard to instill on behalf of investors this just one m
that money to lend it. correct. also the irony is the president said profit was motivating these banks too much. i had never known that there was another motivation to capitalism and banks. look, the pivot is classic. this is what we ve seen from this president. his numbers are as low as they ve been, hovering in the low 40s. people are announcing he s the worst president since world war ii. this is the obama pop ewe lugz, the 1% versus the 99% that he s trying to rally in this moment in which he s clearly vulnerable and the pocket around him, his popularity is lapsing because of his own failures. and it is true, the president is trumpeting this 1% versus 99%. but maria, guess who is doing rel well in this economy right now. the 1%. the other 90%, not so well. the income divide keeps getting bigger. mark, from an investment standpoint, you re thinking about an overall investment