about what tax reform could be coming down the turnpike so to speak. right. clayton: this stock surge that we have seen hitting this major milestone. do you see this continue and do you see a disconnect? i keep wondering because i hear people like mark could cubn and others getting nervous about the economy. yet you see the stock market surging. what s going on here? underneath the surface we spend so much time every day all day talking about what s happening here in washington and democrats this and republicans that. the truth is, you know, out there in the private sector, in the global economy, things are getting better. and most importantly profits are rising. global profits are rising. you know, for one, the few times in this expansion we have the whole world moving in the same direction. europe has been in and out of recession really for the last 10 years. their economy is finally starting to get moving. the chinese economy is stabilized. so, you know, i think we have
reason. it s just a shocking story. john, thank you very much. let s get some of the other top stories that are coming into the situation room right now. firefighters in los angeles are battling a fire in a 25-story apartment building. our affiliate ktla reports three people have been hospitalized. check out the video from just a little while ago. you can see black smoke pouring out of an 11th floor window. the l.a. fire department tells ktla the fire is quote, largely contained but not fully extinguished. tech stocks rallied on wall street as google soared above $1,000 a share, well above google s previous all-time high. the stock surge nearly 14% after reporting higher than expected earnings and revenue. it was a big week for all major indices. the nasdaq finished up 3%. the s&p hit new highs, gaining more than 2% for the week. the dow added 1%. malala, the young pakistani girl shot by taliban militants,
we ll likely need another one in a few months and another one after that. why is congress just staggering from crisis to crisis? and as some lawmakers pat themselves on the back for reaching a deal, people out there are still hurting. just ask the thousands of kids in danger of going hungry in one state because of this gridlock. good afternoon, everyone. i m jake tapper. welcome to the lead. we ll begin with the money lead, live from capitol hill with just eight hours to go until the debt ceiling deadline, the mere promise of a promise has them partying. the dow jumped 200 points in reaction to news that a debt ceiling deal had been reached in the senate, and that s before the ink on the deal was even dry. we ll get to the politics of this all in a moment. but first, cnn s zain asher is live at the new york stock exchange with more on the stock surge. zain? reporter: hi, jake. yeah, so much excitement here on wall street, so much optimism. you know, not even a ratings
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made my year by telling me that he does not support the keystone pipeline, looked at the sierra club hat on my head and said, yes, i do. i share your views, but i am in the minority, and he smiled. interesting. hillary clinton may be landing in the gop crosshairs after a four-year hiatus. still leading all contenders people like mcdonnell and chris christie. andrew cuomo went on the air with a clean up albany campaign that sounds and looks like a message one could hear from a presidential candidate. maryland governor martin o he malley released one more attention-grabbing photo, rubbing noses with the tibetan spirlt leader, the dalai lama. he has that going for him, which is nice. major milestone for the market this week. stock surge is the broader economic picture getting any brighter? steve liseman joins us next, who