Melissa markets seeing green despite the economy sinking into negative territory. Gdp is contracting for the First Time Since the First Quarter of 2011 as Business Investment and profits decline. Here to discuss all this, charlie gasparino, Small Business owner, Clint Greenleaf and wall street journals veronica daguerre. What do you make of this gdp contraction . I dont think it was tremendous surprise given the wouldnt der melissa bigger than what people expected. A full percent, thats bad it was bad. We had such a rough winter and the market is forwardlooking and i think some of this is already factored in. But i think it is, well be looking ahead to see whats going to happen, what kind of job numbers are we going to see Going Forward when looking at all the data. Melissa everyone is blaming the weather. Theyre saying the Second Quarter will be a lot better the do you buy that claim . I dont buy it. I think so little of the economy rests with weather. 1 , that is huge problem. Meliss
When you hear a wall street person say liquidity run for the exits. What does that mean. He buys from someone and sells to someone else, doubles the volume in the market. We narrow spread, which is between the bid and the ask and the market. It used to be much bigger and now theyre smaller which is an indication of liquidity. But its deceptive claim. Rose Michael Lewis for the hour, next. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose Michael Lewis is here. He is a journalist and he is a big best selling author. In 1989 liars poker lit up wall str
When you hear a wall street person say liquidity run for the exits. What does that mean. He buys from someone and sells to someone else, doubles the volume in the market. We narrow spread, which is between the bid and the ask and the market. It used to be much bigger and now theyre smaller which is an indication of liquidity. But its deceptive claim. Rose Michael Lewis for the hour, next. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose Michael Lewis is here. He is a journalist and he is a big best selling author. In 1989 liars poker lit up wall str
Of 666. It is in a book of record here along with other bits and bobs. Meanwhile, for bitcoin, bankruptcy hacking and an apparent suicide. Were tallying up the many headlines and problems to figure out what it means for the future of this Virtual Currency and others like it. Also, an cunlikely championf boosting the minimum wage. Its conservative multimillionaire ron unz. He wants to raise it all the way to 12 an hour. Whats really interesting are his reasons why. Ron will join us exclusively. You do not want to pass judgment on his idea until you hear him make his case. Coming up here on the closing bell today. Now, heres where we stand in the market for the final hour of trade. The dow is up 77 points. Again, 16,437. Take a look at the nasdaq, which is just fractionally lower. Literally shedding about two points. The s p 500 adding about five, a quarter of a percent. We have some variation today for sure. Lets talk about todays action in our closing bell exchange. We bring in our pa
Perhaps none is more constitutionally dire than the threat to the vote later this year. It goes without saying that voting in 2020 is going to be very, very different. This november, for many of us, it wont be safe to go to the polls. I am almost 89 years old. I am 83 years old. Im 93 years old. Im 98 and 2 months old and i dont want to have to choose between my right to vote and my desire to live. Luckily, there is a simple solution. Voting by mail. To do that, we need congress help. When were dieing to vote, we would much rather just vote and not die. For one thing, it is simply not safe. For huge swaths of our electorate to leave the safety of their homes, and to stand in long lines to vote. In this week democrats tried to do something about it, but as is so often the case, they met fierce resistance from republicans. On friday, the house passed sweeping legislation called the heroes act, which provides states with 3. 6 billion to boost election infrastructure and allow every americ