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Biden, 4,000 dow points. Warren, 8,000 dow points. David hes got it all figured out. Sanders, a good 12,000 dow points. By the way, im serious when i say that. These people want to take a ton of equity out of the economy and put it in their hands. They want to tax the heck out of people and business and put it in their hands. Their hands, inefficient, ineffective, give them a dollar of tax, maybe 20 cents rolls down to what its used for, 80 cents goes to the bureaucracy. It is the worst thing that can happen. I got to tell you, some of these people running for president right now are making barack obama looking quite conservative these days. Gary, gary, they are going to say look at the economy and look at the market under barack obama. Look, i think this is a pretty ineffectual scare tactic. The president should be making the point about the free economy. Free economies are always the most process posperous. Government intervention is what causes the crashes. He should make that point ....
Forecast to 2. 1 in 2017, down twotenths percent from earlier estimates. Theyre trimming next years Growth Outlook as well fiscal policy will be less expansionary than expected they expect fwrogrowth in china, japan. Happening now, opec and nonopec ministers gathered in russia to discuss Global Oil Output speculation swirling they could ask libya and nigeria to join in on production cuts both those nations are exempt from a deal to cap output. We have much more on the meeting later in the show. Not Much Movement in the energy markets. In corporate news, kkr nearing a deal for web md. They have had a five month auction to be bought they solicited bids interest more than 100 companies and firms since february the price is unclear as of close, they had market cap 2. 1 billion. Put in some symptom you have, and then you fi ....
Something slightly different and art cashin takes issue with all of that. All kinds of reasons why were selling off here. Kenny polcari is already shaking his heads. Weve got investing legend bill miller coming up, bullish last month when he was on this show, so has that changed . We will find out when we ask him next hour. Gee whiz technology for you as well, a usb port for your iphone and ipad, not exactly, but the maker of this device were going to show you says his invention will serve that same purpose essentially where you can take data from your pc or mac and transfer it into your iphone or ipad. How big of a game changer would that be and how can you invest in it . Have the person behind the idea coming up later on closing bell. Heres where we stand in the markets, and were focusing on stocks today. Talked a lot about bonds and today its the market selloff thats captured some attention, the dow shedding 150 points or almost 1 . Not many components are in agreement and the nasda ....
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