Good morning, everyone. Very glad youre with us. It is a friday. Theres so much news impacting the heartland especially. A lot of big news to get to. Five things to know for this friday, september 15th. Auto workers on strike. Union workers for the United Auto Workers hit the picket lines in three states after their contract expired at midnight. Hunter biden indicted after his plea charges fell apart. Three charges including possession of a firearm and making false statements. Also, House Speaker Kevin Mccarthy dropping the fbomb while staring down another revolt from inside his own party as the clock ticks down to another potential government shutdown. Cnn is the First American network on the ground in libya after deadly flooding has left thousands dead. The United Nations says most of those deaths could have been avoided. And were tracking hurricane lee. Its expected to make landfall near maine this weekend. Starting today, Coastal New England is bracing for heavy rain, high winds an
The dow. It accounted for about 74 points of the declines of the dow that came after we heard from jeff bezos, Warren Buffett and jamie dimon that they will try to take on healthcare on their own. The reaction from healthcare was swift and serious. This morning, though, green arrows across the board. The more you talked to people yesterday who tried to understand what they were doing, i think the selloff may have been too far i spoke with ana gupte who was on with us, she had time to digest it. She said this is a buying opportunity. Anything that happens will take years. If will tait will take a lone what i did hear a lot of yesterday is other ceos looking at what theyre doing and saying we should do this, not necessarily to gang up on this. But looking to cut their own costs. The question the bigger the pool you get, the more complicated it gets. You could see the whole Business Roundtable deciding were going in together as a collective. You have younger workers this gets interesting.
Senators and four meetings with the president. So were introducing this proposal. Our proposal provides a compassionate solution to those who were illegally brought here as children through no fault of their own, and it includes a very generous opportunity for citizenship. It also takes meaningful steps to ensure that other generations dont find themselves in the same condition as daca kids today. We do this by improving Border Security and Border Security is so very important to make sure the problems dont repeat themselves and secondly, to make sure that we remove people that are criminal aliens that kill people like Kate Steinles killer. The bill also includes other elements agreed to in a bipartisan meeting between lawmakers and the president. Going forward, our proposal reforms familybased immigration focus, by focusing on the nuclear family. Those who follow the rules and are waiting in line will be grandfathered. We will reallocate the controversial diversity visas to expedite t
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined, and they have been snabl recent months, but they have declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but, when cant get at clear read, there are risk built in to inflation compensation that make it impossible to extract directly with Inflation Expectations are so, you know, there is a miss this year. I cant say i can easily point to a sufficien
Tenyear works its way back to 2. 3. And schiller up. Caterpillar, mcdonalds among the big dow boosters premarket. Alphabet shares sliding premarket, googles Parent Company reporting an earnings week but profits hit by a fine from the eu. Jeff bezos, trump takes to twitter, blasting amazon yet again. 3m, dupont also reporting. Also out, lily and gm. Metals are getting a bid today copper trying to break out. Thats exactly what i thought would play out caterpillar, this international would pay out. Im surprised that the United States is so strong here construction equipment, thats exactly what you want to see for energy, for transport. North america, incredibly strong latin america better than i thought. Construction is just on fire youve got a tremendous, tremendous story here where the numbers are much higher than anybody was thinking this stock will not stop at 113. There will be some bears who will try to say china is not that strong. But in the end this raise is the most serious of t