And welcome to power lunch. Im melissa lee. As brian pointed out, disney shares getting slammed on the revenue miss. The stock is the biggest drag on the dow shaping off about 20 points off the industrial average. Energy and real estate the best performing sectors, health care and discretionary the biggest losers. Check out the big movers here, yelp about 20 , co it coty soar. Thank you very much, melissa. Welcome, everybody, to power lunch. Im tyler mathisen. Losses at the u. S. Postal service narrowing from a year ago. The ecommerce boom package to offset firstclass mail declining revenue there. And amazon slashing Free Shipping minimum requirement to 25 from 35 for nonprime members. Earlier this year walmart rolled out free twoday shipping for orders of 35 or more. And apple supplier foxcon will begin construction of a u. S. Plant in the second half of the year. We begin today perhaps understa understandably with washington and arguably the most highly anticipated White House Press
Well follow this line all the way once again down the ac expressway, buena vista into weymouth thats where weve got that snowfall. These could produce anywhere from half an inch of snowfall some areas depending on how long this lasts even more than that. And then this will start to move out as we head into the evening. Because we are looking at snowfall as well as wind. Weve got a wind advisory. A Winter Weather advisory at least until 8 00 oclock later this evening. And then things do start to quiet down lets take a look at that wind. 31 Miles Per Hour in millville. 37 in reading miles we are per hour in reading much this is going to be blowing around any of that lighter snow. Thats going to be blowing it around weve got temperatures into the low 30s in millville. Upper 20s in pottstown. It was a cold one today. Especially with those blustery conditions. Looks like well keep that as we head into tomorrow. Ive got that forecast coming up. Guys. A lot to talk about. Thank you monica. Sn
You say welfare reform, which is what everybody talks about first when they talk about conservative Public Policy. It was very put it was very paternalistic. It was also very decentralized. Comfortables are with paternalism when it is relatively local and can be defined differently in different places. Even if there is sentinel even if there is centralized funding behind it. Theres certainly room for that to help people with family formation and with other concerns, but they are always going to work at the margins. Its true, there is some evidence that helping people with parenting skills works. It helps a little. It works better than marriage promotion, which does not really seem to do anything, but it only helps very little. If we talk about the ways in which capitalism does not seem to be working right now, capitalism requires a kind of notzen that it does produce. I think we are seeing now what it looks like when we fail at least in some portions of society to produce that citizen.
Hampshire and did a good enough job in New Hampshire to frighten Lyndon Johnson out of running for reelection. Eugene mccarthy in todays world could not have done that because he would have had to raise that 500,000 from 500 people instead of five people on the phone call every thursday afternoon. You are over there at the committee making phone calls. You couldnt do it the way you used to do it. Politics. Ged the burden of fundraising is a direct result of the campaignfinance activity. Pardon me. I didnt hear you. Snowe, do you want to respond to that, to his point . Donors . G fewer illuminating limits. It is the amount of limits. The debt was growing up financially before mccainfeingold. People found a loophole in the existing Campaign Laws at the time. I think what bob is referring to is not allowing Political Parties to accept soft money. There was a ban on soft money. It leveraged these other groups. I think the sphere of influence went to these outside organizations as opposed t
And it calls you back. Find book tv every weekend on cspan two. Authors and journalists met recently in new york to discuss the future of the Republican Party at the manhattan institute. They talked for about an hour and a half. What is the future of conservatism . There are a great number of people qualified to discuss these questions. We have assembled a number of younger leadingedge journalists, scholars and authors who come from a variety of backgrounds to discuss what the way forward could be. They will not always agree, but perhaps through a thoughtful discussion we will illuminate the finer points of the debate. In a way, it reminds me of the early days of city journal, when people like Kevin Mcdonald and george kelling, hardly people who would be characterized as classic conservatives, manage to get together and form a conservative policy that was both coherent and successful. I feel like in many ways we are at the same kind of point in history. In any event, we are glad to bri