recession. here is the thing about a recession. okay? it doesn t mean we ll be in a financial crisis if we have a recession. the stock market, though, will sniff it out. you just said that by some metrics you could see a recession in 16, 18 months or something like that. i think what is worrying the white house is they view the economy through the lens of the stock market and if the stock market starts to sniff out a recession a year from now, it might start going down and being a lot more volatile as it has over the last month and that is the sort of thing that has gotten their antennas up. you talk about 2008. john mccain might have been president in november of 2008 if the stock market hadn t careened lower and if we hadn t had a recession ongoing, you know, or starting, basically started in 2009. so the point here is that the stock market sniffed it out. the recession didn t come until at least a year later in 2009. do you want to weigh in here? peter navarro one of the president
because, april, the article continues to say that to the point that doug is making, that obama s expressed concern about biden s team age. not just biden s age but the team process. he has communicated his frustration at a that the advisers are old and out of touch with the political climate. urging him to include younger aides including three democrats with direct knowledge of the discussion. ouch, april. what s the term, cope is young and fresh. president obama, former president obama understands that young people were very active in his attempts to win the oval office. and i ll never forget the night that barack obama became was elected president in november of 2008. i remember being at the white house and all of the young people from georgetown, howard, all of the schools in the in the washington, d.c. area, converging on the white house thinking they did something so great, elected the first black
release program, allowed to spend most days at his west palm beach office. a month later epstein s victims tried to have his plea agreement unsealed. federal prosecutors argued against it. in november of 2008, the miami herald published an investigation that shed light on the epstein deal. reporter julia k. brown found 60 women who said they had been abuse by epstein from 2001 to 2006. his plea deal was illegal because victims were not told about. epstein was arrested on july 6th. july 12, alex acosta stepped down. july 24th, nbc reports that epstein had been found semiconscious in his cell with marks around his neck, and saturday he was found dead of an apparent suicide. while democratic lawmakers were demanding answers. president trump spent part of the week promoting a conspiracy
the dow fell 6.9%. worst weekly drop since october of 2008. the s&p last week lost 7%. nasdaq with the worst week since november of 2008. a really bad week. nasdaq is officially in a bear market. here is mnuchin s attempt at damage control. in a statement after that call with the six ceos. he said they confirmed they have ample liquidity. steve mnuchin is telling the world that everything is fine when no one said it wasn t. bank no one has said that is not true.
that s a state. what s the next state? massachusetts. gezuhntit. new mexico. there s a new mexico? isn t the old one bad enough? make new mexico old again. put that on a hat. oh, my gosh. let s get a check of cnn business. asian stocks kickoff november with positive readings here. the hang seng up 2%. shanghai up a little bit. nikkei down 1%. u.s. foots a s afutures are pos. dow closing up to cap off a terrible october. nasdaq trimming the monthly decline. the worst month for the nasdaq since november of 2008. s&p is up 1%.