assurances to the house on the ichissue of the irish border. will she call the vote at the end of the year on kicked in the long grass of next year? who knows, dave? thank you, nina. all of this craziness for the stock market. u.s. stocks tumbled on monday morning after prime minister theresa may said she would delay the crucial vote on the brexit deal. dow fell 508 points. that s 2%. dropping below 24,000 for the first time since late june. stocks staged a recovery led by apple. dow closed 34 points higher. s&p closed up a fraction. the brexit chaos reinforces slowing global growth. germany and japan in retraction. a messy separation with the uk
welcome back, everybody, we have breaking news that we need to pass along to you this evening, nbc news confirmed betty ford, widow of gerald ford has died. she was 93 years old. she served as first lady and was known for her bravery as well as her candor in battling alcohol and drug dependency. her successful recovery led to her starting the betty ford clinic. she was awarded the presidential medal of freedom in 1991 and her death follows the passing of president ford in 2006. andrea mitchell is joining me now to talk more about the life and times of betty ford. andrea, very sad news coming this evening. very sad news to the nation, to those of us who knew betty ford, those of us who knew her
have really flattened out in the last year. and while it is true that most economists expect a small dip from here largely as a consequence of the ending of the tax credit, the data doesn t show that at this particular stage. in home prices stay stable, then i think we will skirt the worst of the housing problem. but right under this current price level, maybe 5% to 8% below is a very large block of mortgages which are under water so to speak or could be under water. and that would induce a major increase in foreclosures. foreclosures would feed on the weakness in prices and it would create a problem so that it is touch and go. governor rendell, one of the things that secretary geithner said on this programñi last wee is that we reached a point as he said where we need to make a transition to a recovery led by private investment. led by the private sector. government has to take its foot
last year. and while it is true that most economists expect a small dip from here largely as a consequence of the ending of the tax credit, the data doesn t show that at this particular stage. in home prices stay stable, then i think we will skirt the worst of the housing problem. but right under this current price level, maybe 5% to 8% below is a very large block of mortgages which are under water so to speak or could be under water. and that would induce a major increase in foreclosures. foreclosures would feed on the weakness in prices and it would create a problem so that it is touch and go. governor rendell, one of the things that secretary geithner said on this programñi last wee is that we reached a point as he said where we need to make a transition to a recovery led by private investment. led by the private sector. government has to take its foot
so to speak, or could be under water. and that would induce a major increase in foreclosures. foreclosures would feed on the weakness in prices and it would create a problem so that it is touch and go. governor rendell, one of the things that secretary geithner said on this program last week is that we reached a point as he said where we need to make a transition to a recovery led by private investment, led by the private sector. so, you know, government has to take its foot off the accelerator when it comes to stimulus. but here s the reaction we re talking about in so many states, where on the local level, the state level, huge cutbacks creating more unemployment in states. governor paterson telling the washington post earlier this month, we will put it up on the screen, that we may be looking at a culture and lifestyle around this country that will remind people of the depression and not a recession if we cut through these budgets much more. that s the tension. governor of new y