Hoenig and liz peek. Heres Elizabeth Warrens dire prediction, in a post she titles quote, the coming economic crash and how to stop it. Warning lights are flashing, whether its this year or next year, the odds of another economic downturn are high and growing, end quote. Warren goes on to lay out some of her own plans but ultimately calls on the president and congress to regulate the Financial Sector and reduce middle class Household Debt. So are we really on the brink of an economic crash, or is she just trying to scare people and push her own economic agenda . What do you think . David, this is an incredible example of misinformation gone wild. This piece that Elizabeth Warren put out has a whole lot of facts and statistics, none of which in the aggregate really meet the conclusion we are even close to recession. For example, i could go paragraph by paragraph. Obviously i wont. She talks about how Household Debt is at a record level. Household debt grows when the economy is growing a
Strict new rules to limit Carbon Pollution from power plants. This plan seeks to reduce Carbon Dioxide emissions by 32 from 2005 levels in 15 years. Thats 9 more ambitious than the rule proposed last year that was subject to a Supreme Court ruling last month. Environmentalists say it would be roughly the emissions equivalent of taking 150 million cars off the road. The epa says itll eventually save the nation 45 billion per year. Opponents say the total opposite. Thats what opponents do. They say that the development of alternative Energy Sources like wind and solar will raise electric rates across the nation, and they say the regulations unfairly target the coal power sector which is the nations largest source of electricity right now. Weve got it all covered. Were less than an hour to the closing bell, lets start the countdown. Liz well, that didnt take long. Breaking news, even before the president revealed new epa rules, six governors and a bunch of Utility Companies already pounci
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke a fourmonth losing streak. Had its best month since april 2016 look at the dollar index, the dollar index saw its worst month since 2016 dollar is stronger against the euro and yen trading at 1. 1813 and the dollar yen at 110. 34 fifth negative month in a row. Lets get you through some big stories. The s p 500 will start excluding companies that have multiple classes of shares. The move bars snap from the index. The Company Offering new investors a class of common stock with no Voting Rights. T
That weve been tracking overnight. A natural gas explosion at a bp plant in mississippi. New video shows flames lighting up the sky in pascagoula. A pair of workers were on duty at the time but theyre actually okay. Some nearby residents were evacuated as a precaution. Officials now saying the fire is contained. All fuel lines have been cut off. No harmful chemicals have been detected in the air. An investigation will get under way once the fire is out. Of course were going to stay on top of this throughout the morning. New developments in the race for the white house. Donald trump is making what some are calling a shift in one of his signature proposals. Seeming to soften his controversial call to ban muslims. This as trump pivots to the general election. Facing new attacks from Hillary Clinton as well as Elizabeth Warren. His campaign is sending conflicting messages about what the immigration ban will now entail. We get the latest right now from abcs lana zak live for us in washingto
And squirrels do not. I was thinking about the nutcracker part of the name. So i guess a, bird, please. [laughs] is that your final . Sure, yes. Sure, yes. Hopefully, fingers crossed. Its been a good vacation either way. Either way, absolutely. Itll be better if i give you 1,000. Thats right way to go. Thank you. Nicely done. Thank you. Stick around. Im giving you 1,000. Congratulations to matthew. What a great run for that young man. Thank you for watching. For everyone whos been a part of this one, im chris harrison. Well see you next time. [applause] crowd one, two, three, four, five, six, seven, eight, nine, ten [cheers and applause] closed captioning sponsored by anything meant to stand needs a stable foundation. A body without proper foot support can mean pain. The dr. Scholls kiosk maps your feet and recommends our custom fit orthotic to stabilize your foundation and relieve foot, knee, or lowerback pain from being on your feet. Dr. Scholls. So relax you wear many hats, at our 1