Person behind the desk in the oval office. Franklin roosevelt said its a place of moral leadership. We have to be in a position but as a country and Global Community where we believe what the president says. Where you have some innate confidence that things are in fairly good hands and i think for a lot of people that level of confidence started low and its gotten to be almost non existent. Charlie we conclude with the payer of louisville, kentucky greg fischer. If you cant be authentic and the person you are what good is it holding the office. These offices are honors to hold. If you ever forget that you ought to leave. Our job is to lift people up and provide aspirations for people to be better and to put in the plans and structures and processes to do that. But thats the job of us to lead to make our cities, country and state a better place we do that together. Charlie and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Co
An economy close to full employment. Today that mystery was at least partly solved. In july, according to the commerce department, sales at retail rs and restaurants rose at their fastest clip since december. Steve liesman has the numbers and an explanation. Reporter the governments retail sales report showed that consumers are finally spending in line with their levels of confidence and employment. July retail sales rose 0. 6 , the best gain of the year outstripping wall street estimates. A decline in june sales has been revised to show a decent gain. I think the retail sales are pretty important. It was strong the last two months or week. There were factors that helped boost sales like amazon prime day which concentrated sales in july. Amazon said the prime day sales was the biggest sales day in its history. And the nonstore category including ecommerce showed a strong 1. 3 monthly gain. But autos and Department Stores did well offsetting declines at gasoline stations. It was a myste
Having me on your program. I mentioned what yields have done in the last three months, and stocks have been much of the story, but you seem to be most focused on what yields are doing. At what point do they become a problem for the trump rally . I think they may be now the problem in defense that the more importantly rates have gone up substantially. In other words, housing may begin to weaken, and secondly, we have over a trillion dollars in auto loans outstanding, which could also be a problem for future auto sales, car sales, so i think economically to higher Interest Rates and dont forget for such a long time that even an increase such as we had, which is not huge, went up 2. 6 on the tenyear. Its not a huge Interest Rate, but the increase is substantial. It was 1. 32 on the tenyear. This is a market thats run wild since the election. Do stocks deserve if you want to use that word, to be where they are today on all of this optimism about what president elect trump will actually be
How long will investors be able to wait . A growing problem . What happens when farmers dont have enough workers to harvest their crop . Its something many are trying to figure out. Those stories and more on nightly Business Report. Good evening, everyone. The Auto Industry may be coming off a record industry for sales. Few expect a smooth ride ahead. Donald trump has been royaling the sector with tweets about production in mexico and threats offa i big border tax on vehicles made abroad. Fiat chrysler trumpeted a billion dollars and drew praise from mr. Trump. The auto maker insists it is part of an already established strategy. Ford canceled plans to build a new plan south of the border, but General Motors ceo said she is not changing a thing and production will stay where it is. In mexico. Its the back and forth with mr. Trump that has overshadowed the glitz of the Detroit Auto Show. Beyond the bright lights and big production introducing new models, the biggest presence at the Detr
How long will investors be able to wait . A growing problem . What happens when farmers dont have enough workers to harvest their crop . Its something many are trying to figure out. Those stories and more on nightly Business Report. Good evening, everyone. The Auto Industry may be coming off a record industry for sales. Few expect a smooth ride ahead. Donald trump has been royaling the sector with tweets about production in mexico and threats offa i big border tax on vehicles made abroad. Fiat chrysler trumpeted a billion dollars and drew praise from mr. Trump. The auto maker insists it is part of an already established strategy. Ford canceled plans to build a new plan south of the border, but General Motors ceo said she is not changing a thing and production will stay where it is. In mexico. Its the back and forth with mr. Trump that has overshadowed the glitz of the Detroit Auto Show. Beyond the bright lights and big production introducing new models, the biggest presence at the Detr