clearly showing strength towards north korea. touch talk for north korea on the table but mcmaster acknowledged the president will not moderate his tone asking when have we ever heard president trump do that. remains to be seen if he ll say, fire and fury standing across the border from pyongyang. but seems anything son the table. hallie, thank for that. i love days like this. right? all about economics. reporter: this is your christmas. i know. hallie jackson for us at the white house. joining me to talk about what this change in fed leadership means for the sen cra central bank, to for you interest rates and investments, a nobody well prize winning economist. one of the best minds out there in economics. of the case shiller index. you know janet yellen. and you re partial to her, bottom line is, there are a lot
is nowhere near the 250,000 we need every month for a genuine recovery. president obama s campaign promise of creating 12 million jobs in four years, our economy simply isn t growing fast enough. there are bright spots. home values are up. earlier this week the case shiller index showed home prices jumped 19.3% from a year ago. the stock market is pushing higher. records friday. 15,000 on the dow. mixed signals? you better believe it. as for the stock market, thank the federal reserve for that. it s $85 billion a month makes stocks the only game in town. that gives some investors cause for concern. mohamed el-erian says the fed strategy has only a 50/50 chance to lead to growth. how do you get to 50/50 odds?
that s high compared to historical levels. before the recession hit, unemployment rate was 4.5%. the economy isn t growing as fast as economists expected it to. you re also taking home less money. recent data from the commerce department shows personal income fell by 3.6% in january. that it s biggest drop in 20 years. matt is the president of penn financial group. jonathan is president and ceo of miller samuel, real estate appraiser. low mortgage rates, drops in foreclosure. s&p shiller index shows prices jumped 9.3% over the last 12 months. that is the biggest annual gain since may 2006. you say we are looking at the report thing and not in a recovery there. what is driving what i call happy housing news, last six to
a. real unemployment held at 13.9% in april. what is that number real unemployment? it represents the total unemployed and part-time workers who want to be full time and people not in the labor force but they desperately want a job. the 165,000 jobs added in april is nowhere near the 250,000 we need every month for a genuine recovery. president obama s campaign promise of creating 12 million jobs in four years, remember that promise, our economy simply isn t growing fast enough. there are some bright spots, home values are up, earlier this week the case shiller index showed home prices jumped 9.3% from a year ago, the stock market is pushing higher, friday
they are look at that along with the value of the fork value of their 401(k). neil: if we are to believe the new survey, the housing gods, they follow this across the country all the key regions and it continues to go down, housingen like some other key economic numbers and g.d.p., is not off the lows, it is getting more low. and that is a trend that is not the administration s friend. how does that play out when the biggest sense of our wealth is making us poor? guest: well, it will be a real drag for the president. and professor shiller of the shiller index gave an interview to the wall street journal and said he thinks this will muddle along for the next few months if not years and it does not look like it will get better. the president proposed in the