What a hideous session, lease for the bulls. What does it mean . It is gigantic. Bigger than the stock market when you lose interest, this is what you do. I like to be clinical. Why dont we do that. Samples of ample motivation for their actions. They have gone exceedingly well for Interest Rates. Much higher. Can earn 4. 25 riskfree. That is much better then it was a year ago. The yields are going higher for three reasons. First, the fed has not been able to fully get inflation under control and they have not done much for the economy. Meaning they have every incentive to keep it. Where are the layoffs . Where is the housing . Not yet says mr. Powell. Second, over the last to years, the federal government authorized colossal massive spending that needs to be financed with massive bond issues. And they dont care what kind of price they get for bonds. They have to pay the bills. There, the Federal Reserve itself owns 8 trillion in total assets down from 9 trillion last spring. But 4 tril
Facebook results beating sales, profits, user growth higher than estimated. The stock is lower in the premarket. The big story for cigna, david cordana ceo joins us whole foods des appointments for the second straight quarter. It is down double digits as earnings miss expectations the governments initial reading of Second Quarter gdp coming below consensus, 2. 3 . Stronger Consumer Spending a slowdown of imports and a hike in Government Spending driving those results. First quarter up to. 6 from a previously reported contraction. Construction not bad. It echos what yellen and the fed said moderate growth continues. I had sandy cutler on the ceo. He said, you look around we are the best in the bad neighborhood, the globe. We are the best performing company. He is including china. He this is the numbers are completely phoney saying that this kind of growth is sustainable. It is not great growth. The rest of the world is on the decline. I understand what yellen and company did. Frankly, y
Greg what else about that . Rosanna chicago. Greg my honda accord, by the way, is almost dead. I may get a honda accord with leather seat. How about that. Anything else we should talk about . Mike i went with ines when she got a new card. Rosanna you want us to come with you . I need to make sure i have room. I want to make sure that you look good. Chicks dig it. Mike things look okay for us. Showers around parts of the tristate. It has around the maturity of the tristate. 45 degrees in islip. Fortysix in bridgeport. Fortyfive also in newark. Cloudy skies. Now, were seeing showers all the way down to the ground level. We are not going to be in the clear for a while. The area of low pressure reiki are. This cold front has the slight curve here. Once that goes by, then we will be in the clear. It will be a little wet outside. Tomorrow is when the main event comes through here. We will see some solid rainfall for your morning commute tomorrow. Perhaps a few isolated thunderstorms. After t
Average of a gallon of gasoline at 2. 84, the lowest in two years. And healthcare. Gov is open going live with the new Enrollment Period beginning last saturday after being plagued with problems last year. The new site will make it easier to shop for coverage and have enough computing capacity supposedly to handle open rollment. Michelle, over to you. Global news this morning, chinas news is Holding Steady with Consumer Prices rising 1. 6 from a year earlier. Producer prices falling 2. 2 , however. In europe, catalonia voting for independence from spain in a straw poll. Spain ordered the vote to be suspended and it went on anyways. And Russias Central Bank is allowing the rouble to float freely in the market. Starting today, it will scrap daily controls with the currency in freefall recently. Incredible volatility on friday amid uncertainty tied to western sanctions and a drop in Oil Prices Going above and beyond what they announced on friday. Well check on markets this morning. We are
We thought would be huge. Producer natalie has tweets. Brian, i have two words for you, pet rock. Pet rock. By the way mine was easy, the flip cam. We had to have it. The best way to take videos and get it to everybody. Six months later it was out of business. Were not out of business. We have to get to morning joe right now. Yesterday the Obama White House laid out their case for intervention in syria, the goals of which ultimately are quite simple. The goal is a negotiated solution which results in the departure of assad and result of free Syrian People for their future. Its simple. Assad leaves willingly, Democratic Syria is stable and peaceful. Thousands of lives are saved and Elizabeth Bennett marries mr. Dorsey and they all live happily ever after. Its unicorns and rainbows. Good morning. It is thursday, september 5th. Welcome to morning joe. With us on set we have msnbc and Time Magazine senior political analyst mark halperin. What . National his beard. What is that . Oh, my god