Mr. Parrot. Imus okay, the mensa meeting is next, and the boy was just here the other day and this song is on the rodeo play list. Imus in the morning were just not buying the headlines. Good morning, everyone, im Charles Payne in for stuart. Now, here is the big story, if you read the headlines and retail sales, you think that the consumer was back. Listen sales up 1. 1 , that was more than double what was expected. Several banks raising for the quarter and theyre on the band wagon. Dig deeper and youll find the story. Take out sales of gasoline and cut the gdp number in half, retail sales number in half, by the way, it was higher in february, gas prices. Gas has been around 4 a gallon for most Populated Areas in this country and also consider this, american households are carrying less debt on record. The bottom line they have cash cash, but are not spending the money. The dow hit the record 7th day in a row. 544 points from 15,000. Varney company is about to begin. [ indistinct shou
Melissa im Melissa Francis and heres whats money tonight. Balancing the budget Takes Center Stage on capitol hill after the president says it is not a priority. Doug holtzeakin, former head of the cbo tells congress you cant afford not to do it and it will give a huge boost to jobs and the economy. Doug joins us to break it all down. Plus the government dumps key crop reports this year all thanks to the sequester. That means pricing chaos for milk and other products. A top commodities trader tells us how bad it could get for you. The dirty secret for electric cars. They are supposed to save us money and save the earth but theyre more expensive than you think. One of time magazines most influential people in the world is here to explain exclusively why. Even when they say its not, it is always about money melissa so weve got to start with todays market moment. We keep breaking record. Get this, it is getting ridiculous. U. S. Jobless claims fell unexpectedly give investors a fresh dose
Half of the cuts to programs including entitlements. On way back cut off water to the building. Charles this guy was really good, i like them. He seems to be a genuine individual. Charles i was the same way. I like his thought of locking congress in a room like they did the cardinals and feeding them bread and water. Charles even his tone was more cordial but i have seen from democrats. Sometimes gridlock is a good thing. Like with the market has been doing for gridlock. We will wait and see. Charles thank you very much, we appreciate it. Dagen it is not even spring yet, bold breaking out the summer suit. It is still winter. The clocks go ahead and charles is wearing leggings. What has the world come to . I am dagen mcdowell. The president s meetings continue on capitol hill. Republicans stand on spending cuts has given that party firmer footing. Rough seas ahead. A peak time of the year for cruising and carnival is having the problem with one of its ships. The president wraps up a mee
And the New York Times runs . What are the distributional consequences . Will the rich be paying more . What about the middle class . Shouldnt we be having that same discussion in the conduct of Monetary Policy . If you think about this Monetary Policy, if youve got the freedom, like ken and stan, to devote huge amounts of money into liquid assets, to play the risk game, youre going to be a huge beneficiary. So this is in some sense a policy where we also need to think about the distributional consequences. And this is in some sense a transfer to people that are rich. Trickledown economics. Stan calls this trickledown economic policy. Others can see if it worked in fiscal. Well see if it works here. Its also a transfer to those who are imprudent to those pro are prudent. Dont wait so long next time. Its been unbelievable having you. A great hour. Thank you. Thanks, joe. Thanks, becky. Good to be here. Andrew, well see you soon. Make sure to join us tomorrow. Squawk on the street is nex
Ill never know how far my arms can reach around you i never know the way imus in the morning youre going to like this. Were starting a new week and in ten minutes stocks look set to go up some more. Good monday morning, everyone, yes, the early indications are that you will at least hold onto the big gains you made last week. Armageddon hasnt hit. D. C. Is at least exchanging ideas. The jobs report was encouraging. And ben appears willing to keep printing money. And dont forget profits at near record levels. Add it all up, it is not a recipe for a big selloff, even though were coming up on a series of alltime highs for the dow. I say this is a pretty good way to start the week. Yeah. Varney company is about to begin. [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. From td ameritrade. All stat