Market meltdown. Hang on, everyone, this is the final hour of trade. Good afternoon. Lets have a look at whats driving the action the lack of a Production Cut deal from opec coupled with a saudi price cut sending prices tumbling down 17 on the day alone. Coronavirus fears remain front and center as global cases top 111,000 and italy locks down a quarter of its population. And the bull market chaos rages on as yields on the tenyear at a low of 0. 31 and remain at the moment below 0. 5 . Joining us for the full first hour of the show, lindsey bell from ally invest they have 7. 85 billion in total customer assets. Shes here along with our team of reporters to break down this massive market sell off. Bob pisani is on the floor of the change Brian Sullivan covering the Oil Price Collapse mike is here to look in the the market mike holland ond transports. Well get to all our reporters the dow is down 7. 25 . B bob. Important thing is the Circuit Breakers hit this morning. Down 7 . Halted for
Educe the national debt. As always, well take your calls and you can join the conversation on facebook and twitter as well. Washington journal is next. Host good morning. It is 7 00 eastern time here in washington. The start of a holiday week. Congress returning in two weeks. President trump spending christmas with his family in florida. It is monday, december 23. We begin our first hour with Foreign Policy. The leaders of china, south korea and japan meeting today in beijing it. Comes as the pentagon and u. S. Officials are on, quote, high alert, after new threats over the weekend by north korea. In the past President Trump has said that he and president kim jong un fell in love. But since that comment back in february, talks have broken down. We want to get your reaction to these developments in north korea, what it means for the u. S. And for the region. 2027488001, thats our line for republicans. 2027488922 for democrats. 2027488002 if oure democrats. Or on twit or facebook. Good m
Live, unfiltered coverage on cspan. Listen on the radio app. We want to welcome back terry jeffrey. Morning thank you for being with us. This from the editorial page this morning. The Bipartisan Spending Party. Congress has left town for the year. Anotherbefore Bipartisan Spending Party that has typified the trump residency. The numbers deserve noticed because they are likely to have long term impact. Exceeding 1ebt trillion. Guest they are exactly right. On theartisan agreement hill is an old one. It has been going on for decades. They are allowing the government to get out of control. You have the baby boom generation continuing to retire. Increasing the amount of money spent on those programs. Social security costs more than a trillion dollars last year. As the wall street journal points out, you have massive Discretionary Spending. Both parties in congress are doing nothing to try to roll that back. This number courtesy of the debt clock. The nations debt is 23 trillion. How much m
The trump presidency. The numbers are likely to have more longterm impact than impeachment. A Discretionary Spending bill, and this years debt exceeding 1 trillion. Guest crazy. That editorial is exactly right. You have a bipartisan agreement on the hill, and it is not a new one, where they are allowing the government to grow out of control. And it has a lot of federal spending that is driven by Social Security and medicare, and you have the baby boom generation retiring, increasing the amount of money spent on those. Social security passed more than 1 trillion last year. That is spent by the department of health and human services. In addition, you have massive and bothnary spending, parties in congress are doing absolutely nothing to try and roll that back. Host in the number we have been referring to, courtesy of debt clock, the nations debt, 23 trillion. How much money is that . And dont just say a lot. Guest i tell you, put it this 2019, the debt increased about 1. 2 trillion. Mil
Comin going up in the past year, we want to hear from you at 202 7488000. If you saw your Health Care Costs going down, please call us at 202 7488001. If your health care stayed the same, but you have an opinion on this topic anyway, we want to hear from you at 202 7488002. Keep in mind, you can always text us at 202 7488003. We are always reading on social media, on twitter, and on facebook. Basic Background Information out of the way. Cnbc had a great article earlier this month on the Health Care Costs in the u. S. And how they are increasing. Let me read a little bit of background from that article. It says, the average American Household spent almost 5,000 per person on health care last year. 1 increase from the roughly 2500 per person that americans spent 34 years ago in 1984 according to an analysis of the bureau of labor Statistics Consumer Expenditure survey. Comparisons,ate clever adjusted all dollar amounts for inflation. It is not surprising that Health Care Costs have risen