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Rally, since we hit bottom eight years ago today, is all the result of the feds easy money policies. The other day when the dow gained points, nasdaq crept up a tiny point with 2 . I think its worth spending some time together debunking that canard because its a bogus story that casts the entire move as a castle in the sand that could be washed away by the wave of the feds impending rate hikes. Look, if you really believe that this epic multiyear increase was all about the Federal Reserve, as so many do, and not about the companies and the ceos and the people behind them that you invested in, then right now you should be scared out of your wits, no doubt, given that were probably going to get a very strong employment report tomorrow which will allow the fed to start tightening, most likely tightening fast. The fed aggressively cut rates during the grease recession because it wanted to entice our country into doing more business a ....
Future series, coming to you from cnbc one market in San Francisco. Weve gotten interviews about some of the most exciting tech stories in Silicon Valley coming up just in a few seconds. The dark real world, though, in the interim got in the way of the story. It got ugly fast today. Im talking about how two Great American industrials that we follow here on mad money, pbg and honeywell cut estimates ahead of their quarterly reports. In an across the board selloff, the averages spent most of the day in recovery mode. A wicked session turned relatively benign. With the dow dipping 28 points, s p declining. 3 . The warnings couldnt have come at a worse time, worse time for the industrials at least which have been rallying ahead of the soon to be released quarterly reports. Money flowed into other sectors as soon as the disapp ....
I want donna to take the responsibility of talking about what is happening in washington did what we are likely to see in the lameduck session and i could probably answer what we have already done and that is nothing. What we may do, however, in a lame duck session is a lot, but we have to get there first and that is november 4th and we have exacting responsibilities to ourselves. And we have distributed to you, remarks that were made by first Lady Michele Obama july 30th, 2014, and she was speaking to the summit of the Mandela Washington fellowship for Young African leaders. And will not miss any of it in these brief remarks but i hope he will pick up a copy of it. I thought was a sterling example of how to talk to others about the environment and that is what this conference is about, how we got to the topic whe ....
We appreciate your willingness to come here. Your final thoughts to our spanish viewers [speaking spanish] we want to thank Doctors Hospital at renaissance for this beautiful venue tonight. And also the crew that worked on the set designs. Thank you so much for that. Senator wendy davis and general greg abbott thank you to both of you. For everybody watching at home, have a great night. Up next, the communicators features wade baker Security Director at verizon. Then the House Veterans Affair Committee examines the igs report on the Phoenix Va Health Care system. No doubt you heard thuabout data breaches at places like home depot, target, sony play station. We are going to discuss data ....
Lower. Demonstrations continue. Hong kongs leader says theres no plan to clear out protesters. Sdmroo the brazilian president said polls suggest she would win a second round run off. Announcer youre watching was was, bringing you Business News from around the globe. And it seems red october is over already. Lots of green in europe today. Largely, though, just a bounceback from yesterdays decline following the lack of ecb clarity on the action. We had just a 2 decline nearly from the dax for the day and a nearly 4 decline in the italian market. So what has bounced back the most . Well, its what declined most yesterday. The ledger was down yesterday on some ebola fears which has been led up by easyjet. And why are people going into money like that . Perhaps its what Warren Buffett told krnz yesterday. The more the market goes down, the more i like to buy. Lets look at some indiv ....