Since the Obama Administration began. You got to ask yourself why isnt this market down more than it is . How in the heck have stocks managed to stay resilient with the averages actually up most of the day before backsliding. Dow closing off 67 points. S p declining 0. 2 . But the nasdaq actually inching up 0. 08 . Any explanation for the underlying strength is pure supposition. We should be going down hard right now. Right here. As we did right about now, for every single federal level imbroglio since weve had so far. In other words this was the day they started versus the event. The october 1st date for when a Government Shutdown is supposed to be begin, it looms so large. There isnt a single sign that there will be a deal. None. We could be in for a prolonged period of ranger and indecision, both of which are bad for business. So how can we think this time will be different . Why arent we down, 4 , 5 , 6 , instead of a measly couple of down days . Let me give it a try. First, maybe
Yesterday you saw a slight decline for the dow. That was breaking after broke a threeday winning streak we saw going on for the two indices. The nasdaq looked to be down 7 points, the s p are 4 points below fair value. In corporate news, the in the in the is reporting that gm officials increasingly believe that Ceo Mary Barra will be cleared in the wrongdoing in the crisis. The automakers internal probe is expected to name individuals and departments within the Company Responsible for that delayed recall. The investigation will also recommend corporate and personnel changes. In the meantime, gm is apologizing to the families of accident victims who have received recall notices for the replacement of detect fektive ignition switches. Some families who lost relatives in fatal crashes have claimed that gm should not have sent them notices to bring in cars for repairs. Andrew . It looks like mississippi is headed for a runoff in the republican race for senate. John harwood joins us with an
Retailer is struggliing as he says he cannot promise that things will get better. And big discounter offers stock at 21 euros per share. Good morning or good evening if youre in asia. We kick off with another set of data before the ecbs meeting tomorrow. Its the final pmis for may, final services pmi 53. 2. Its a tick down from the flash of 53. 5. It is still nevertheless the highest since june 2011. And it is higher. Aprils was 52. 1. The final composite pmi has come in at 53. 5, a tick down from 53. 9 which is the flash april 54. We did see of course the french number coming down just a little bit as well. The german private sector growing for the 13th straight month in may. Well break down that but of course another key bit of data ahead of the ecbs meeting tomorrow. Theyre widely expected to take action. How much, of course, is still to be decided as they will come back, euro dollar around the 1. 36 mark we were yesterday. Before that, though, lets talk about the g8. What was suppo
And she was at the head of the irs scandal. And still is. What happened to the housing recovery . Still in place, not bad. Varney company, its about to begin. Top of the news, defunding obama care, dividing senator republicans. And he wants to kill the bill and is willing to do anything, including shutting down the government to keep obama care from going into effect. Listen to what he had to say last night on hannity. Im going to use every procedural means available to me to fight this fight and this is a multistage fight. Everything including filibuster. This is a multistage fight. Stuart on the other side is Senate Minority leader mitch mcconnell, republican. The push to defund the law will not succeed. He will vote for stop gap measure to keep the government open. I understand why people want it changed, but the fact is, for now, at least, it is the law. And its the president s constitutional duty to enforce the la you. Stuart thats the debate within the republican party. Its inten
They flew in from berlin, not knowing if they would be detained were subpoenaed after the u. S. Government described journalists working on the nsa story as snowden and compasses. They flew in for the george polk awards. We will play their acceptance speeches and a News Conference that followed. Then we will be joined by matthieu aikens who won a george polk award as well for his Rolling Stone piece, the ateam killings. The torture and action additional killings i wrote about in the story is routine among the Afghan Security forces we have trained. Were leaving behind a gangster state. All of that and more coming up. This is democracy now , democracynow. Org, the war and peace report. Im amy goodman. Three people have been killed in shootings at two jewish facilities in kansas. A former member of the ku klux klan is accused of opening fire inside a Jewish Community center and an assistedliving home in the town of overland park. The suspect reportedly yelled ler upon his arrest. The pol