Pace for its fifth positive week in a row, why the rally . Pace for its fifth positive week in a row, why the rally . What we are auoin a row, why the rally . What we are going through a row, why the rally . What we are going through right a row, why the rally . What we are going through right now a row, why the rally . What we are going through right now i a row, why the rally . What we are going through right now i think a row, why the rally . What we are going through right now i think is| going through right now i think is that the broader market, s p 500 and nasdaq, reliant on a small number of names, dow is more industrial oriented. Leadership this year, names and the energy sector, Utilities Sector for example that have done very well and so energy has done better than the broad market and so i think that is what is boosting the dow. Is boosting the dow. Lets talk about some is boosting the dow. Lets talk about some of is boosting the dow. Lets talk about some of the is boosting
made us more energy dependent on russia. the biden administration, nice talk, no action. sandra: interesting. i want to circle back while i have the time here. we heard from president biden a short time ago. he reacted to this jobs report, senator. if i could get this. this is new from joe biden looking at that and giving it his own spin. listen. at this point in the year, we re looking at the sharpest one-year decline in unemployment ever. simply put, america is back to work. our jobs recovery is going very strong. sandra: i came back to this because we re watching the dow at this hour as markets enter their last hour of trading here at 3:00 on the east coast. there seems to be some concern. the dow is last look down 300 points. it s not significant. almost a full percent drop. there s concern that we re
unemployment. and democrats capitalism outside of america. if you look at the companies that power, apple, well over 60% in revenue, ibm, the list goes on and on and the rest of the world is on fire and at least we have the multi-nationals that take advantage of it now. we celebrate because it s a nice big pretty number, nice and round, the same way that 40 is more important birthday than 39. that s it. why not celebrate it? 13,000 dow is i agree with that. i m not as dated as young charles. the dow doubled since and let s look at the empty glass. how many birthday parties have i been to. and this is the same philosophy that everybody gets the trophy and you then inspire your weakest link. there s a reason why out in the wild the fittest survive. you don t celebrate things like that because it s a a little blip on the radar and again, it s a theory we re going to say a c is okay, we want everybody to feel good. neil: i can see the
working, and come november he is winning. welcome, chris. thanks for having me. i don t want to shout you down so i ll make a opinion and you can counter it. have at it. the dow hit 13,000 not because of the hoe success toll presidential program but because the corporations are making a ton of money overseas. this president has allowed the economy to flourish under his rule over the last three years. if the economy if the dow was in the toilet you would be blaming the president. so now that the dow is skyrocket, let s give the man credit and that what the voters will do. i repeat, american corporations are making most of their money, more than half of money overseas in other economies, unfaked by president obama s policies. that is why the dow is the trade deals he made with south korea and brazil and others in his time in office, that might have helped a little
and so there have been some, you know, shocks to the system, if you will, which have put our economy back on more precarious footing. but, you know, i sort of agree with doug that this jobs report was mediocre. i think i probably look at it a little more optimistically. i think it shows we ve still got growth in the private sector. jamie: okay. we also know that we have the public sector that s shedding jobs. jamie: the market s down 17 points right now, the dow is, doug, and a lot of people are sitting there wondering about their future. do you have any prediction even if it s growing sideways? is it going to grow at all, and when? that question s come in a lot. i mean, the reality is that the trend growth in the u.s. economy has been running at something like a half to a percentage point for quite some time now, and it is also a reality that you always have bad events. there are always shocks of the type that we saw this year, so the key is to actually have an aggressive pro-grow