For the first time. John the good new day. Thats our show, tonight. You worried about the future . Hard not to be if you watch the news. Its mostly negative, violence, disasters, danger and i suppose thats our job to tell you about problems. If a plane crashes, thats news. The fact that thousands of planes will land and take off safely during this tv program is a miracle, but its not news. So we soak in disasters and heed warnings about the next one. Global warming, pesticide residues. I covered hundreds of scares and finally wised up. In england, a journalist smarter than i quickly realized he was focusing on the wrong things that led to this book. The rational optimist. Matt ridley gives lectures around the world explaining why hes an optimist. Back in the 1970, the future was bleak, the population explosion was unstoppable. Famine was inevitable. Bird flu is going to kill us, the ice age is coming back. All these, the desert was advancing. Y2k computer bug, all these things were goi
Robert bryces latest book entitled smaller faster lighter denser cheaper, and i would add, more colorful. [laughter] look at that. Its jumping off the page. Smaller faster lighter denser cheaper is roberts fifth book, and i think quite possibly, his best. First off, it is a relentlessly optimistic, forwardlooking book. In an era with environmental catsties, sectarian catastrophes, sectarian violence, plagues, various other things, i was happy to read some u as robert explains, the promise of tomorrow rests in the fact that we are continuing to innovate by making things, what do you think . Smaller faster lighter denser and cheaper. And in this way the book is a celebration of these attributes, and as he will explain, a rejoinder to the doomsdayers and the cats fists. These are people who have been promulgating the idea of collapsed anxiety meaning our future will be one of scarcity and shortage, but by every measure out there things have been getting better. People are, of course, livi
Is everywhere. Get this, 167,000 people placed a bet that they would be there would be a fighting incident. They won. Varney and company is about to begin. The big story of the morning was the shock of the morning. The economy contracting at a 2. 9 annual pace in the first week and month of the year. The fastest decline in five years, fastest pace in a non recession period, in 58 years. However, the stock market is up. Dow jones industrial average 61 points higher. Charles is here. Hes back, the white house is blaming the weather and less spending on health care. I you buying that excuse . Health care spending impacted personal consumption which was down dramatically, one of the biggest areas where there was an adjustment. If you obamacare heard this number and the darker cloud over what happens in the future. Rich the success of obamacare hurt the economy. Charles all the enrollees us seriously ill. This is expensive. Stuart if you have a contraction like that in the economy, you have
Stuart take a look at this. Is another positive day for the market so far. Corporations are making money, more evidence pointing to a gop takeover of the senate week from today. Five dow stocks hitting brand new highs as of right now. Home depot, procter and gamble, nike, travelers, profits up, stocks up too. It is a different story with twitter, down big reporting disappointing user growth, disappointing . 13 million new users in the last quarter, a Million People signing up each week, not good enough apparently. The ceo says the world cup didnt help with new subscribers. The stock is down 10 . Facebook added 3 million new users. A report later on today, and first lets give you the election today, here is the latest on the election which is indeed six days and 12 hours to go. According to a new poll, 68 say they are in great at the way things are going in this country. Fox news contributor who founded skypebridge capital is here. I just want you to know, that was perfect. Stuart befor
Republican members blame the Biden Administration democratic policies for inflationary prices. [background noises] [background noises] good morning everybody paid welcome everybody to todays hybrid hring pursuant to house rules some members of witnesses will appear in persons and other will appear by zoom. I know you are all familiar with zoom by now. But let me remind everyone of just a few points. First, the house rules require that we see you, so please have your camera is turned on at all times. Second, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Third, i will recognize mbers verbally but members reach retain the right to receive recognitn verbally paid ranking orders members will be recognize in seniority for questions. Lastly, if you want to ber recognized outside of regular order, you might identify that in several ways. You may use the chat function to send a request. You may send r an email to the majority st