Seeing a bit of a bounce as were about 85 of the way through earnings season at this point in time. A lot of questions we talked about last hour, you talked the hour before that about the overbought status of the market, how we reach peak fed. A lot of fed speak this morning. Looking ahead to cpi and ppi later this week. Ppi on friday in the wake of some of the international ppi numbers, which, of course, are negative in a lot of cases. Meantime, banks helping to lead, better than a percent. Industrials up a percent berkshire up a couple of bucks. Berkshire helping lift other insurers because they showed how much of a tailwind higher rates have been to their business. Now sitting on 150 billion worth of cash, buying 10 billion worth of treasuries every monday as we pointed out, today is monday yes see what ackman says about that. In the meantime, rbc raising e s expectations for the s p for 23 and 24 by 1 and 2 respectively she does maintain her yearend price target, concerned this yea
President biden yesterday i spoke with both senator schumer and manchin and offered my support for historic agreement to fight inflation and lower costs for american families. It will be the most important investment, not hyperbole, the most important investment weve ever made in our Energy Security and developing costsaving and jobcreating Clean Energy Solutions for the future. Its a big deal. Also for first time if a long time, begin to restore fairness to the tax code. By making the largest corporate nations largest corporations in america pay their fair share, without any new taxes on people making under 400,000 a year. Experts, even some experts who have criticized my administration in the past, agree that this bill, this bill will reduce Inflationary Pressures on the economy. This bill will in fact reduce Inflationary Pressure on the economy. Its a bill that will cut your cost of living and reduce inflation, lowers the deficit. It strengthens our economy for in the long run as we
But by then it denies recession and squeezed american see a different picture. The president made comments on the recently reached a deal between schumer and manchin on climate issues and was asked if or responded to if the u. S. Was in a recession. You can see the whole thing on cspan, but heres a portion from yesterday. [video clip] pres. Biden chairman powell and many of the significant banking personnel and economists say we are not in a recession. Let me just give you what the facts are in terms of the state of the economy. Number one, we have a record job market, record unemployment of 3. 6 today. We have created 9 million new jobs so far. Businesses are investing in america at record rates, foreign businesses are investing in america. Hundreds of millions of trillions of dollars. 100 billion in Semiconductor Investments already announced by intel, texas instruments, and samsung. Or than 100 billion electric battery businesses, General Motors, hyundai, tesla, and more. Last week,
President biden yesterday i spoke with both senator schumer and manchin and offered my support for historic agreement to fight inflation and lower costs for american families. It will be the most important investment, not hyperbole, the most important investment weve ever made in our Energy Security and developing costsaving and jobcreating Clean Energy Solutions for the future. Its a big deal. Also for first time if a long time, begin to restore fairness to the tax code. By making the largest corporate nations largest corporations in america pay their fair share, without any new taxes on people making under 400,000 a year. Experts, even some experts who have criticized my administration in the past, agree that this bill, this bill will reduce Inflationary Pressures on the economy. This bill will in fact reduce Inflationary Pressure on the economy. Its a bill that will cut your cost of living and reduce inflation, lowers the deficit. It strengthens our economy for in the long run as we
Good afternoon. Yesterday i spoke with both senator schumer and manchin and offered my support for stork agreement to fight inflation at lower cost for american families. It is called the Inflation Reduction Act of 2022. Some of you will see a lot of similarities between the buildn that Better Initiative not all of it we have moved a long way. Ill be going into detail in a minute. But simply put the bill will healthcare costs for millions of americans and it will be the most important investment, not hyperbole the most important investment we have ever made inner Energy Security and developing cost savings and job creating Clean Energy Solutions for the future. It is a big deal. Also for the first time in a long time, began to restore fairness by making the Largest Corporation in america pay their fair share without any new taxes people making under 40000 a year. Experts, even simple experts have criticized my menstruation in the past, agreed that this bill, this bill will reduce Infla