Agenda on the postelection economy, we are joined i larry kudlow, who is very kind to join us from his vacation time. We are thankful for that. He is President Trumps chief economic advisor. Larry, thank you so much for joining us. Mr. Kudlow thank you for having me, ben. Prof. Peterson i will also have a separate ben i will also have a separate conversation with pat mchenry. You can follow along with the h tag rncpolitico. I want to ask you about what President Trump said in 2016 and even before that when he was running for president. He called the stock market a big fat bubble blown up by the fed that was set to explode. I wonder why it is not the same thing now, given the fed is pumping huge amounts of money into the economy. Why is the stock market not a big factor like you said it was in 2016 . Mr. Kudlow it is a completely different situation today than it was in 2016, dealing with the pandemic. And the resulting Economic Contraction permitted getting the pandemic. Premitigating
Up 2. 5 . T 28. 44, guy basically saying banks need to open get on with lending to firms. You want some of these firms to still be around to be able to start the economy. At the moment, there still seems to be a certain amount of difficulty in getting money out the door to the businesses that actually require it. Andrew bailey also indicating he sees nothing implausible in a drop,st for a 35 q2 gdp a massive economic hit coming for the United Kingdom. Yesterday, it be and confirmed that we will see another three weeks of lockdown in the u. K. Economy. We will talk about the input agents for the pound when it comes to that story in just a few minutes. European stocks are up on the week. Main markets up on the week as well, except for the spanish and italian markets, which are we getting. It is, as somebody put it a little earlier on, a day for dumpster diving, particularly on the ftse 100. Stocks. Ld is one of the we are positive on the day, negative on the week. As you highlighted, i t
newsroom. i m jim acosta in washington. we are following two developments in two major stories. a short time ago in texas, the state house of representatives voted to impeach attorney general ken paxton. he is accused of bribery and abuse of public trust. the conservative republican calls the proceedings a politically motivated sham. meanwhile in washington, we re waiting for details on a phone call wrapping up, or may have already wrapped up, between president biden and house speaker kevin mccarthy. the debt ceiling talks have reached a crucial moment of sorts. negotiations are now down to one final sticking point. work requirements for social safety net programs. the white house and republican leaders may have as many as eight days for preventing the u.s. from defaulting on its debts. many predict economic disaster if that happens. we have a reporter at the white house and on capitol hill. manu, what do you think? do you think we ll get some kind of readout from the speaker
Speaker, but the gavel is far from guaranteed. How this might play out with just over a month until a potential shutdown. But first, the latest on these markets. Dom chu has the numbers. A lot of fluctuation today. And we just flipped to marginally red on the s p 500 for marginally green on the s p 500. But its been a day of ups and downs. 43. 75 the last week for the broader s p 500. At the highs of the session, the trading range had us up about nine points, down 14 at the low. If we were to tilt positive to close the day, it would be a fiveday winning streak for the s p 500. But a 43. 77, thats the state of play. The dow just 0. 1 of a 1 decline. And the nasdaq, up about one quarter of 1 . 25 points higher, 13,684. One of the elements of todays trade is the continued onslaught being put against the consumer staple stocks. Hormel foods, gave a projection today, down about 10 . The worst performing stock in the s p 500, lamb wesston, down 7 . Keurig dr pepper down. And kip we areallycl
Peacock and right here. Pete davidson and bad bunny. You got to do [ cheers and applause steve from studio 6b in rockefeller center, in the heart of new york city, its the tonight show starring jimmy fallon. Tonight, join jimmy and his guests Chelsea Handler, willie geist musical guest carly pearce and featuring the legendary roots crew questlove 1846 steve and now here is, jimmy fallon [ cheers and applause [ cheers and applause jimmy oh right back at you. [ cheers and applause thank you so much. I missed you, enjoy yourself enjoy yourself, everybody. Welcome, welcome, welcome to the tonight show. Youre here. Thank you for being here [ cheers and applause welcome, welcome did you read this today . I thought this was very interesting. I saw that costco is now offering 1 ounce gold bars for 2,000 and theyre selling out. Gold bars. Yeah, even weirder, at kay jewelers, theyre giving out free cheese sandwiches steve really [ laughter ] jimmy so, if youre keeping track, you can buy gold bar