Rallying and the 10year moving high owner the fact that the fed if anything worried about inflation and growth move, i mean, try to put it altogether and create a coherent narrative. I cant. Maybe the panel can. We have other news but first of all keep an eye on this level. 1962 was yesterdays high on the s p 500 index. Write that down. We took out yesterdays low on the open this morning. If we were to close above yesterdays high, technicians call ate key reversal day and would put a potentially bullish move for the markets. If we get a push higher here in the hour and see what apples doing because carl icahn put out now very sophisticated with the tweets. He is tweeting of what to tweet about. Well, thats true. Thats true. Almost like we have to watch his communication strategy as much as he tweeted out to send an open letter to tim cook, ceo tim cook, tomorrow. With all of the agitation at apple, the stock is up 50 in the time. Hes going to send an open letter to tim cook tomorrow an
The media may tell you, but instead to hurt your family and to take away your jobs. So a lot of red meat and fear tactics in the room right now. That received scattered applause and some cheers to build the wall afterwards. Outside there are a number of organized protesters. The concern certainly for the police out here is just how riled up this crowd inside will be when they exit this room, and potentially confront those that are outside and here to protest donald trump. Donald trump has been in california all day. He was here earlier this week. Every time that hes come to the state, hes been met with hundreds if not thousands of protesters who try to stop him from speaking in their various cities. So far, theyve been unsuccessful in stopping him. The Trump Campaign telling me behind the scenes in private conversations that ultimately these protesters are helping them, are helping their message. The rowdier they get, the stronger Donald Trumps supporters believe in him. They believe t
welcome to the journal, editorial report. i m paul gigot. first became president obama s 447 billion dollar jobs act. loaded with new spending and temporary tax cuts. and then, came his plan to pay for it. on monday, he proposed 1 1/2 trillion dollars in permanent tax hikes, including the so-called buffett rule to raise taxes on americans earning more than a million dollars a year. joining the panel this week, wall street journal columnist editorial, dan henninger, editorial board member, jason riley and assistant editor james freeman, so, james, we may be headed toward recession and may be in one. very slow growth. very slow growth. very slow jobs growth. the president wants to run presumably on the economic record, we have to. what s the strategy behind introducing this tax hike, about one and a half trillion dollars. how is that going to help? it s kind of mind-boggling and i think that s what investors around the world are looking at. we have a banking crisis in eur
editorial board member, jason riley and assistant editor james freeman, so, james, we may be headed toward recession and may be in one. very slow growth. very slow growth. very slow jobs growth. the president wants to run presumably on the economic record, we have to. what s the strategy behind introducing this tax hike, about one and a half trillion dollars. how is that going to help? it s kind of mind-boggling and i think that s what investors around the world are looking at. we have a banking crisis in europe. we have the consumer in europe pulling back, the american consumer pulling back and asia s economy, india and china slowing down and his answer is increased taxes. it really, it defies political odds, i guess we re going to get to that, but on the economics, you don t see how this is a growth agenda and that s what we need. and i think because the tax cuts would only start in 2013, somehow that wouldn t affect the economy now. people would ignore the the fu
the economy now. people would ignore the the future and assume they live for today and pay big tax bills later, but who is go to invest when they know the taxes are coming down the pipe. paul: milt freedman taught us that people invest on their expectations. permanent income. well, the mistake you two are making. only one of many. you re trying to have a conversation about economics and this is not academics, it s social policy. all right? this is a wealth tax, like the welt wealth tax socialists had 1901, solidarity tax on wealth. one of my favorite obama documents, february 2009, two months into the presidency, his economic statement to the president and everything that he s saying now is it in that original statement. millionaires and billionaires paying their fair share is in there and we know that in the campaign, obama said many times that he thought people in the upper bracket were absorbing too much of the nation s income and it was the middle class was suffering an