will improve the bottom line. so if that goes away, i think you ll see at least slightly better earnings outlooks. that alone might raise the market. i m still skeptical if it translates into actual bottom line numbers. charles: danielle and eddie mentioned a dip. danielle, what are you concerned about that would cause that dip in the first place? what we re seeing over the past few times where the s&p has made new highs, particularly if you look at january 2018, september 2018 and then again in may of 2019, what happens is you just kind of have a petering out of momentum where there s just not enough people left to buy. what happens is overnight, there s some type of surprise move, you get the first gap down and the selling starts. so we ve seen that pattern a few times. i have my eye out looking for it. when it does happen like the gentleman said, i m looking to
mention this one highlight that reid apparently just said on the floor that the rating agencies are talking about downgrading us as early as tonight. i want to use some caution with that, but our viewers might see that headline because of the reaction the markets had after that happened in previous years. so that s a scary thought. we don t have anything to back with it up from the rating agencies, we just wanted to mention it. yeah. and the s&p has, apparently, put something out about a possible downgrade. but my point in this environment is you re dealing with time. you re dealing with minutes and hours as we come up to thursday. well, if the senate goes forward, they have a whole bunch of archaic rules that they have to get through cloture numerous times. it would take them probably eight days to get something if they follow all the rules exactly, and there s no unanimous consent along the way, it could take eight days to get something through. now, if the house has the votes for
and the willis report, week nights, 5:00 p.m. eastern on the fox business network. well, president obama also facing a new low in the polls since taking office today, his approval rating on the economy, sinking in a recent gallup poll to 26 percent, just 26 percent of americans approve of the way he is handling the economy. that is down 11 percentage points since the last poll by gallup, which was back in mid march may, those numbers obviously not good for the president, who is seeking a second term, and they come as one leading democrat in the house yesterday started challenging the president s track record on the economy and jobs. i say a leading democrat, raising questions about the president s track record. coming up, we ll have a debate on that. well, we ve also got breaking news now on reports that the department of justice is investigating the credit agency standard & poor s. elizabeth mcdonald from the fox business network has been has been digging deep into that. let s
side, they ve downgraded the united states in the past two weeks, the s&p has, and their credibility is now come under fire on the opposite end. there is some people talking on wall street about how this investigation, know, may have started before that downgrade, but may 2340u9 now be ramped up because of the downgrade and if there s political pressure. i think it s actually oddly more a washington story than a wall street one. all right. andrew, thanks for the perspective. thank you. the president s new plan to jump-start the job market can t come soon enough for many americans. and even some of obama s most ardent offenders are running out of patience. people are hurting. they re unemployed. we don t know what the strategy is. up next, how unemployment is causing friction between the president and his base. and the way some lawmakers are trying to help struggling americans. and don t forget we re less than three weeks away