The blue chips index saw it is biggest intraday reversal since. Gust of 20 for the s p 500 it was the biggest flip since 2016. If any one thing pressured stocks today it was the bond market. A weakur tre auction and a bumming deal in washington sent them on a fewer year high. That rise in terms triggered concerns that the Federal Reserve might raise rates. The dow was down to 25693. And with volatilitck are some are calling this a new phase in the market. But is there more selling ahead . Bob pisani takes a look. Reporter it was another wild and whacky day of trading. He dow swung this a 500 rai and went from negative to up 200 points in 30 seconds but closed lower. We know a large part of the blood bath thiseek was perhaps due to obscure trading products tied to volatility. For the past year traders have been short the volatility betting it would drop and long on the stock market. This blew up on monday. Trade hers toould have their short positions on volatility and had to lighten up
Capital accumulation in the middle. One of the important steps that your administration signed into law was just making it easier and more automatic to save in your 401k plan. Now the majority of Companies Default people into savings and default into auto escalation in saving policies. Next step is take nearly half the population that doesnt have savings accounts at work and give them access to automatic ira. Thats an idea that came out of the Heritage Foundation working together with brooking. Theres a lot we can do to focus on a positive story to create well. For most families, homes are principle source of wealth. We have a bipartisan efforts to put people in houses from the tax codes and regulatory. How do we go back look at housing policy in a more reasonable way . We want people in homes. Its an important asset for most americans. How do we rejuvenate the Housing Market without creating the same we had before . First of all we should be reforming Housing Finance system, should be
. Lse to leave and there appear i apologize. That is the word. Throughout the day, you can conversation on cspan or our twitter feed as well. Itch mcconnell 2 50 p. M. Eastern time, the live here on cspan. Mitch mcconnell is a presumptive new majority leader of the u. S. Senate and hes both, as did his allison, they both spoke last night. We want to show you the concession and victory speeches from last night. [cheering] are you having a good time . [applause] , we areht like tonight grateful, above all else. For me, the gratitude starts with people of kentucky. [applause] they have put their trust and confidence in me for a long time. I want to thank them tonight. I work hard to bring your concerns to washington and i will not let up. [applause] you know, every election is a job interview. In this cake, a very long one. [laughter] i have shared my vision with you. Shared your stories and concerns with me. One complaint has stood out above all the rest, especially in recent weeks. Anou
You are absolutely right. Five times since the end of world war ii a party has had the white house for two consecutive terms. President reagans Approval Ratings back in 1988 were very good. Democrats in their infinite wisdom nominated michael dukakis, and the rest is history. For 2016, there are couple of things we dont know. History argues that republicans ought to win the presidency in 2016. But the big question is, will they have repaired their brand . Will they have repaired some their problems with minority voters, young voters, women voters, selfdescribed moderate voters . I would argue that some of those groups just basically stayed home. It will be interesting to watch to see whether latino turnout dropped disproportionally, for example, being upset that immigration hasnt gone through and all that. So if republicans address their brand challenges, it will obviously make a difference. Obviously also whoever the republican nominee will be. On the other hand, what kind of shape is
A new nevada for the generations to come. Now, the most recent chapter of our story required strength and perseverance. As we weathered my one of the worst economic storms in our history. These times are even more challenging because they coincided with too long and difficult wars. Even of a said it could not be done, we laid the foundation for a new nevada. Nevada became one of only six National Training sites front meant eating vehicles. We attracted tesla in one of the most competitive selections in our nations history. We became home to dozens of other National Brands who now employed nevadans in the industries of the future. Cybersecurity, medicine, aviation, Renewable Energy manufacturing, data storage, and more. During my first state of the state message in 2011, nevada led the nation in unemployment. We set a goal of 50,000 new jobs. We have almost doubled that. [applause] today nevadas job growth is third strongest in the country. We have cut our Unemployment Rate in half. We