Unsuccessful. Were spending a lot of money. 13,000 per person. A lot of that is on health care. 45 of it. That is where congress decided to spend the money. The nation has made a great commitment to helping the poor. It increases every year. Third issue, the causes. The first is work rates. The longterm decline of work among males. The work rate among young black males, before the rescission, we before the recession, we have a real problem with male employment. For reasons that are not clear. Females, the opposite. They work more. Married women had joined the labor force. Never married mothers. The poorest group of mothers have had a spectacular increase in employment and even today, the likelihood that they have a job is greater, about 20 and it was before welfare reform. That group is working a lot. Wages. These are astounding. The wages at the 10th percentile and blow our where they were 30 and below are where they were 30 years ago. It is hard to make progress against poverty as we
Everybody waiting to see what happens. 8 30 a. M. S p futures down by less than a point. The nasdaq up by 1. 5. Yesterday you saw the nasdaq close down by basically it was flat. It was down 0. 9 points or something. It was flat. Dow and nasdaq did manage to eke out gains. Check out what happens overnight in asia. The nikkei looks like it was flat lining as well. Up 3. 5 . Shanghai comp and hang sang both a little bit higher. In europe, youll see thing are relatively positive if evfor th major averaging at least. Dax up slightly. And lets take a look at crude oil. This was the wbig story yesterday. Major pull back for crude oil prices. We have had people who have told us this week that crude was going to come down because of seasonality issues. We did see numbers this week. That has put pressure on wti. Now to the weather. Hermine has downgraded to a Tropical Storm, but not before becoming the first hurricane to make land fall in florida since 2005. The storm brought 80mileperhour winds
To discredit the ap report that found more than half of her private meetings as secretary of state were with Clinton Foundation donors. David coincidence. Melissa yeah, right. Calls for a special investigation are growing louder and louder. We have new details in the deadly attack on the American University of afghanistan in kabul. David back to the markets though, the dow dropping into the close with united health, merck and caterpillar driving bluechips lower. That nasdaq very troublesome, over a percentage point down. Oil in retreat as well. Phil flynn price futures and Fox News Contributor is watching the action from the cme while adam shapiro is on the floor of the new york stock exchange. Adam, homebuilders, we cant forget the nasdaq. That was a big loser today. Reporter when we got existing home sales report from the National Association of retailers the july numbers were down from june, roughly 3. 2 . Run rate of 5. 39. That was not what people were expecting. Subsequently saw
When they quit, theyre basically saying, youre fired. Kota longboards will come up short. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This is the profit. Lets go to work. Mike i want to go over the shape. We may have to do new tab work. Lemonis in 2012, navy veteran mike malone started handmaking quality longboards in his garage in denver, colorado. Mike do you have tape running underneath there to there . Lemonis naming his company kota, an acronym for knights of the air, Mike Incorporated his devotion for the armed forces in his products signature look. Mike personalized it with the squadron. Lemonis riders love the longboards beautiful finish, and before long, kota was gaining national attention. Bu
Will be for a breakout. We are talking about friday. Alix how the project on the downside when the defensive stock is already that defensive . Were going to discuss oils bl ull market with ed morris. He is bring his new call on oil. Yes, we have a little bit of strength in europe. Here futures are stronger but again, lack of conviction. Jonathan stocks go nowhere. Put that in a headline. That is the story with the ftse softer. The s pby 2 points on 500. No big moves. Eurodollar, one word, stable around 1. 12. Dollar oscillating throughout the last 24 hours. The dollar index was up for a fourth day. Then we rolled over. Been a choppy few hours of trading. If you look commodity markets, there is a theme. The pullback continues on crude. It resumes down by 1. 7 . Copper getting interesting, racing the gains for 2016 so far. We have the import data out of china on copper. Injectingows, uncertainty into commodities. Yields, the focus throughout this week, fiveyear yields. Were up a basis po