Also a big announcement from bringing that money right back here to the states. Which everybody has been waiting for with the economy boost, that well see investment from apple into our economy over the next five years. That is really what springs it. Lets start with dow 26,000, apple is dow component. 321 points to the upside. 1. 2 gains for the big board. For the Dow Jones Industrial average, but across the board, you can see all milestones here for record closes, for the dow, nasdaq and s p. Since then we have hit eight, 1000 milestones. Eight trading days since the dow 25,000. It facessest 1000 point gain in history. Look at lead earns, boeing, almost 19 . America, caterpillar, great performers and eight, 9 gains there. Also watching cisco an united technologies. Weve seen a lot of winners across the board in technology, Consumer Products and that. Taking a look also as we talked about apple briefly. That was breaking news during the day. We contributed 250 billion. Adding jobs wit
That puts us on track to achieve that goal, over the next we 10 years, Economic Team estimates under our plan the economy will average 3. 5 growth and create a total of 25 million new jobs. You can visit our website, just look at the map. It works. [applause] this growth means our jobs and plans including our childcare reforms my daughter is involved in will be complete. Will be completely paid for in combination with proposed budget savings. It will be deficit neutral. If we reach 4 growth it will reduce the deficit. It will be accomplished through a complete overhaul of our tax, regulatory, energy policies. Right now, under the Obama Clinton policies the economy grew only 1. 1 last quarter. A number that was shocking to people that do this professionally and for life. It translates into millions of lost jobs and certainly millions of lost good jobs because we dont have good jobs anymore. Those jobs are gone and going. This is the weakest soc recovery since the great depression. Over
And women, and not for Small Business . Do you think where theyre many coulding from. There isnt an exemption. That is what the problem is here. Actually my staff and i have to go into the exchange, whether it is here in d. C. , if we decide to take it from d. C. Or whether it is back in california where i represent. So we will go into the exchange. We will pull off of that a policy that is available to each and everyone of the people who qualify in my district under obamacare. The difference is that right now the federal government is paying part of that. That is part of the benefits that we receive under the package we receive. And the official Management Personnel Office said they will continue to do that. Melissa im asking you to hang on one second. We listen to the president. Have all the responsibilities of the constitution endows to congress, two should be fairly simple. Pass a budget, and pay americas bills. But if the United States congress does not fulfill its responsibility
Conference with a gun to our head. The first thing the house has to do is pass a clean six week bbll and they can do the right now. Il l so they will likely pass their proposal this evening. Impending government shut down at any moment. While we await the president lets go live to capitol hill to get reaction on the days events with congresswoman Loretta Sanchez a democrat from california. Congresswoman, thanks for joining us. What do you say are the odds of a shutdown . I believe theyre pretty high right now, considering we just heard that the republican conference met and that theyre planning to put some mo on the guam kiar things onhe antiobamacare things on the cr so i think were headed for a shutdown. Melissa do you think it sounds reasonable to the American Public that there is exemption for politicians and congressman and women, and not for Small Business . Do you think where theyre many coulding from. There isnt an exemption. That is what the problem is here. Actually my staff
Clear. Were going to see more of the same. We are going to continue to see a scaling back of these quantitative purchases. I think that was clear. She didnt back away from any of that even though weve seen some weaker data but she did absolutely reinforce the economy needs to be doing better. Unemployment still need to come down and thats why they continue think were going to see or continue to signal were going to see lower rates for a long time. Melissa what would you put on her list as number one of things to do . What would you like to see her do. Her number one priority is Unemployment Rate to get down, even though they have a dual mandate but i think that is priority. I personally would like to see the fed get out of the markets way which theyre doing as they scale back on the quantitative purchases but eventually i would like to see more focus extricating themself from all this accommodation. I think it is very worrisome were talking about Interest Rates staying so low for so lo