First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, very core lair to what they just did. Its their really negative on the government and theyre taking this as a broad swath theyre saying the Banking Industry as a whole and greater problems which is why they would hit jp morga
Mission, texas. Whats the story where you are there now . John, good afternoon to you. Our viewers might remember the day before title 42 ended back in may, dhs Secretary Mayorkas held a Press Conference at the white house where he promised there would be stiffer consequences for anybody caught crossing the border illegally after the end of title 42. What he had to say back then. I want to be very clear. Our borders are not open. People who cross our border unlawfully and without a legal basis to remain will be promptly processed and removed. Will be promptly removed, he said at the time. Well, that is not reality what we are seeing on the ground here in the Rio Grande Valley, we see mass releases of migrants taking place from the federal government. Our Team Shooting this video, Catholic Charities of Rio Grande Valley here in the mcallen area, we watched bus load of bus load dropped off, mostly family units, once they get to the charity they will be helped with travel, and dates in th
Featuring members of the aspen Economic Strategy group. Big thanks to our society of fellows and community of donors for supporting our programming and your engagement all summer long. We cant do it without you. Thank you so much for your support. [applause] i dont know if they are here yet, but a big thanks to tom and bonnie for their support of the institute and for endowing the fletcher series. [applause] its my pleasure to introduce our speakers and thank them for being here. First, to my immediate right is rob portman. Rob is a former u. S. Senator from ohio, distinguished visiting fellow at the american in Price Institute American Enterprise institute. His career spans three decades including three president ial administrations and two terms in the United States senate and six terms in the United States house of representatives. Thank you, senator portman, for being with us. [applause] to senator portmans right is cecilia rouse, who previously served as chair of the council of ec
Midst of global challenges. The event is about an hour. Portman. Featuring members of the aspen Economic Strategy group. Big thanks to our society of fellows and community of donors for supporting our programming and your engagement all summer long. We cant do it without you. Thank you so much for your support. [applause] i dont know if they are here yet, but a big thanks to tom and bonnie for their support of the institute and for endowing the fletcher series. [applause] its my pleasure to introduce our speakers and thank them for being here. First, to is rob portman, rob is a former u. S. Senator from ohio, distinguished fellow ohio, distd siting fellow at the american in Price Institute American Enterprise institute. His career spans three decades including three president ial administrations and two terms in the United States senate and six terms in the United States house of representatives. Thank you, senator portman, for being with us. [applause] to senator portmans right is cec
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe