Frank blake, weighing in on the housing market, state of the American Consumer and well hear from fdic sheila bair. Find out why she believes yellen is the best join over larry summers. Looking at the dow up about 23 points, almost 24, at 14,954. Nasdaq this morning talking about someone who normally does the morning show up 13 points at 3664. S p, a close eye on the final hour as it is up 4. 5 or so. David koogal, rob wiener, chris rough key from bank of tokyo mitts bushy and our own rick santelli. Thanks for joining us. Great to be here. Today is quiet given the jewish holidays. David do you use this to buy into the market or do you think theres trouble ahead given the events to come. We have plenty of events to come in the next couple months, in september and october with taper talk, the debt ceiling discussions that will go on and what will come about with syria. Hae had an august where a lot of the taper talk has been factored, we think investors can look through points on selloff
Slowing smart phone market stop it now. Apple is selling over 2 million iphones a week and the stock is making a run. New york the Capital Center of the world is becoming a laughingstock, weiner, the serial sextor in the race for mayor. Varney company is about to begin. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Right off the top. Breaking news. 44 workers evacuated from a gulf of mexico fire. As of now theyre working on a plan to shut it down. Its out of control, but remember, natural gas, its not oil. Alabp. Hurricane hercules off shore owns that. The market is big when it opens because of iphone sales, just look at the numbers, 31. 2 million iphones sold in the previous quarter. That
Headquarters from washington, d. C. , im gillian turner. Leland im leland vittert, secretary mnuchins comments set projection that unemployment will remain in double digits until next year. Mark meredith in the white house. Hi, mark. Mark the white house is confident that the peak of the virus has passed but the president s advicers are trying to prepare for the next disaster and thats the state of the economy. The next couple of months are going to be as terrible and seen numbers that we have never seen and stopped everything and output has gone to zero to huge swaths of the economy. The Congressional Budget Office is projecting with unemployment rate, 14 , gdp sliding down double digits and the federal budget deficit 3. 7 trillion. Senior Administration Official told us that the white house is still trying to come up with an idea of what the next stimulus package should and should not include. While the debate is happening here up on capitol hill House Speaker nancy pelosi push back
With him. And progressive catholics the world over are swooning. Plus, pull up a seat and get your popcorn, rand paul versus Chris Christie has turned into a fullon battle royale, complete with congressional flunkies choosing sides and jumping into the ring. We begin tonight in North Carolina where Republican Governor Pat Mccrory made history a few hours ago. Mccrory just signed an antiabortion bill designed to severely restrict access to Reproductive Services in the state. He signed that bill despite making this Campaign Pledge at a 2012 gubernatorial debate. If youre elected governor, what further restrictions on abortion would you agree to sign . Start with you, mr. Mccrory. None. All right. Ha. In case you forgot, the bill the governor just signed, despite making that Crystal Clear promise, less than a year ago, was originally attached to an antisharia law bill, and it was finally jammed through by being attached to a Motorcycle Safety bill. The governor is also poised to make good
Fullon battle royale, complete with congressional flunkies choosing sides and jumping into the ring. We begin tonight in North Carolina where Republican Governor Pat Mccrory made history a few hours ago. Mccrory just signed an antiabortion bill design to severely destrict access to Reproductive Services in the state. He signed that bill despite making this Campaign Pledge at a 2012 gubernatorial debate. If youre elected governor, what further restrictions on abortion would you agree to sign . Start with you, mr. Mccrory. None. All right. Ha. In case you forgot, the bill the governor just signed, despite making that Crystal Clear promise, less than a year ago, was originally attached to an antisharia law bill, and it was finally jammed through by being attached to a Motorcycle Safety bill. The governor is also poised to make good on his pledge to sign one of the most restrictive Voting Rights bills in the nation. A bill that he, himself, admits, as of friday, he had not read. I dont kno