Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are sitting on the sidelines earning very little, the disastrous bear market at the turn of the century impoverished a whole generation of individual investors who got burned by chasing, yes, the hottest stocks imaginable when the dot com crash hit, it ended the greatest love affair ever told. I was part of it i started the street. Com in 1995 immediately found hundreds of thousands of people with a thirst for any investing knowledge to level the Playing Field. Between the rich and the not so rich at
Republic. Also coming up lebanon is not on the verge of bankruptcy he says the countrys Central Bank Governor but protests continue anyway. And people in australia are dancing in the streets because it is finally raining. I want to get johns and this is the you business welcome. Asian stocks have risen slightly after signs that the United States and china may be inching closer to a trade deal shares in tokyo shanghai and hong kong all made modest gains after the Financial Times reported that washington was mulling a plan to roll back an levies on 112000000000. 00 worth of chinese imports that followed a solid performance on wall street where investors were a boy to buy strong u. S. Jobs data. Meanwhile french president a man where marco has delivered a vigorous defense of free trade the opening. An import fair in shanghai on tuesday he said current trade tensions between major countries are hurting the Global Economy mccaw is leading a European Business delegation keen to strike lucrat
Complaining of feeling faint. Lightheaded. Shortness of breath. Reporter Hazardous Materials teams from san jose and Santa Clara County set up a decontamination area where the workers exposed to the gas were sprayed down with water from a fire hose to rinse off any chemicals, loaded into waiting ambulances and rushed to the hospital. We do know there are liquids on the floor in the room. And on the counter in the room. We dont know if those are mouthwash or if those are the hazardous chemicals. Reporter guests saying on the 19th floor didnt know what was going on an they were told to evacuate. They said it wasnt a fire but didnt say anything else. Reporter caroline says she smelled a strong chemical odor in the hallway. I wasnt exactly a gas smell. I have never smelled that before. It kind of smelled like gas. But not too sure. Reporter hazmat crews did not tell us exactly what type of chemicals they found that is part of the police investigation. They did originally believe it was a s
We stand with the markets. Stocks have bit a bit under pressure but the yield now off the session lows were off the session lows on equities as well the yields are 1. 48 s p 500 is down just fractionally small caps are getting hit the worst there. You see the russell is down by just about a percentage point. Power lunch starts right now and despite growing recession risks, jpmorgan is taking on the bears. The firm saying today that the worst could be over and calling for the market to advance as the year ends. Start with the september surge but goldman, bank of america, and nomura across the market lets get over to bob pisani with more. Bulls versus bears, an old sory, but the bears are getting more vocal in the last couple days a sudden spate of bearish notes. First, Goldman Sachs said the trade war escalation is making them judge down their gdp growth forecast for the third quarter, fourth quarter, and First Quarter of 2020. Probably the most Important Note out there right now. Bank
And it is a pleasure to be here today with the Honors College students in the university of south. Here today with the Honors College students at the university of South Carolina for 21 course exiting South Carolinas industrial patch. I want to start with a quote. This quote comes from a very prominent american historian. A guy named ed harris, who wrote, while the coal mines and textile mills have become a visible and memorable part of southern history, the south as an industry has remained virtually. Lumbering is often written off as of little plants and little dramatic interest. Yet lumbering, more often than any other in the, captures the scope of economic change in the new south. Its limitations as well as his impact. We are about a third of the way through the semester and i think you guys are already convinced of this. But i thought it might be interesting to share with you a little bit more about how we got to this place. So about five or six years ago, the National Park Servic