Claman if. [laughter] ashley ill take the mcdouble any day, charles [laughter] hey, i tell you what, we love it. Thank you, my friend. Have a good weekend. Im ashley webster, of course, in today for liz claman. Welcome to the final hour of trade. Stocks, well, just a little mixed. Just over 59 minutes left in the session. The dow up, as you can see, about a quarter of a percent. On pace, by the way, for an 8day winning streak. Thats pretty good. The s p up about a tenth of a percent, but the nasdaq down a tenth, and the russell also down almost 1 . It is a mixed, muted bag, thats how were going to put it. But for the week, the dow, s p 500 and nasdaq all remaining in the green as rate cut optimism continues to boost buyers. Theyre not going to give up on that. Todays Economic Data though throwing a small wrinkle in that bullishness. As you can see, the markets this week all in the green, some modestly so. But you know what . Consumer sentiment fell to its lowest level since november as
Achieve, but achieving eager and Better Things requires working. Ogether and working harder from philadelphia together to make our nation better andmerica America Greater by electing Hillary Clinton the next president of these United States. God bless each and every one of you and god bless these United States of america. Thank you. [applause] our past may very a single, hardworking mom, an immigrant but our cause is the same, to make a difference. Raising our voices so all our heard. Waging the fights that need fighting. One by one, our numbers have grown. And we are here to work. We square our shoulders. We put on our lipstick. And we get to work. Wewhen we are on a mission, get things done. There are people in congress who will go to any links to deny women access to Critical Health care. Not on my watch. Enough is enough. We have lost too many to gun violence in our schools, our places of worship, and even where we dance. We must do more to keep americans safe, and im ready to do i
Interesting to hear you may not like the bond reaction. As for stocks you do have the three major added three major averages. The s p 500 and the nasdaq all nicely higher. Perhaps investors think the fed will be slower to raise rates. This has put the three averages on pace. We take a look at the s p 500 intraday chartres. Intraday chart. One area of weakness is the cruise line stocks. This includes carnival, caribbean, and the no region and the norwegian cruise lines. It looks like a monthly survey suggests demand for cruising declined in august. One stock trading under armour. Selling up to 1. 8 5 million shares, plus 200,000 shares in the charitable foundation. Nejra how about florida, now that the storm has diverted . Abigail there are some interesting influences. One of the influences is on the frozen concentrated market. Having its worst day since august 8. Here we go, aig and trading lower. They are trading higher on the storm prospects a bit off the high. Nejra we were talking
That. Give me this change lets change as black people when is this going to stop . When . Neil i think thats in the top ten youtube videos not too shabby for a guy the country was literally introduced to a little more than two months ago. That was then, this is now. He called protesters out then. Hes calling reverend sharpton out. Welcome back. Thank you, neil. You are powerful remind me not to get on the other side of an argument with you. You were calling into question the idea of feeding the beast or the beastly reaction on the part of anyone at a time a riot and you held al sharpton accountable, what did you mean by that . I held him accountable as far as the leadership of where we are in this country when it comes to race relations. You have the power to bring unity or division. You understand what im saying . And especially being a minister, you have to understand whats not yours, i said that before. You understand it is by his will we live and move and have our being. You sir, h
Be in deficit 5. 5 . The only way you keep the private sector in the red, above zero, is if the government deficit is big enough to more than offset the trade deficit. If the u. S. Is running trade deficits on the order of 4. 5 of gdp, the government deficit has to be at least 4. 5 of gdp, or the private sector will fall below zero. Every single time. Here is the cbo forecast. This is what is projected to happen to the government deficit if we hit the cliff. This is the alternative scenario. If we hit the cliff, the projection is that the government deficit will shrink to around 2 of gdp. Deficits of 2 of gdp, together with trade deficits of 4. 5 , in the private sector is by definition going to be in the negative. We are going to be running a deficit. Here is the same image flipped over. It is the mirror image of that. It says that if the government reduces its deficit, it is reducing the surplus to the nongovernment sector. You have to be able to put these things in context. Why does