Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
Which was a Secular Movement in its most sublime form under Gamal Abdul Nasser of egypt. That war was debunked in 1967. It opened the door to the entry of a new ideology into the middle east. That was an islamic ideology. That has had profound ramifications for everybody both in the middle east and in the United States as well. The sixday war also ended the period when the arabisraeli conflict was a state to state conflict, a conflict between israel and jordan israel and syria and israel and the conflict a new conflict emerged, a conflict that was principally one between israel and the palestinians. Before 67, you really didnt hear about the palestinians. And its not by accident that a year after the war ended, in 1968, the plo under Yasser Arafat emerges as this powerful force in the arab world. And weve been living with that, as well. The 67 war was also also inaugurated the strategic relationship between the United States and israel. People forget that israel fought the 67 war not w
Which was a Secular Movement in its most sublime form under Gamal Abdul Nasser of egypt. That war was debunked in 1967. It opened the door to the entry of a new ideology into the middle east. That was an islamic ideology. That has had profound ramifications for everybody both in the middle east and in the United States as well. The sixday war also ended the period when the arabisraeli conflict was a state to state conflict, a conflict between israel and jordan israel and syria and israel and the conflict a new conflict emerged, a conflict that was principally one between israel and the palestinians. Before 67, you really didnt hear about the palestinians. And its not by accident that a year after the war ended, in 1968, the plo under Yasser Arafat emerges as this powerful force in the arab world. And weve been living with that, as well. The 67 war was also also inaugurated the strategic relationship between the United States and israel. People forget that israel fought the 67 war not w
Just ahead. We do begin with the markets. Oil prices have moved higher at this hour. The disney downgrade weighing on the dow. Lots of folks wondering whats in store for your money now following this weeks fed hike. Josh brown, what is going on over the last couple of days. I think accident scott, that people are pulling their money out of the stock market to buy tickets to star wars. Its as much as 200 online. We have to factor that in. Since the feds announcement. The s p financials are down 3. 5 since the fed decision. Bonds are up. Bng, which is the total Bond Market Index Fund from van garde. Its actually up. 4 since the feds decision. Everybody says, hey, theyre going to be the best sector to be in. When the fed is in a rate hike cycle, whats going on . For having fixed income instruments is still there. However, i think it will be shortlived. I think this is just a blip, and that well see a shift into equities. In terms of the market today, you have the expiration. Thats a major
Watch. And how does that make you feel, really, since it was so important to you . I would do it again. I mean, i think it is so important to try to push this issue forward. Somebody had to start. And people said to me, its too complicated. It cant be done. And i showed them it can be done. Thats really the most important thing. The second most important thing that came out of this is we got dynamic scoring of a tax bill for the first time. Dynamic scoring is a much more real world evaluation of what were trying to do. Typically, tax bills had been scored by what they call static scoring, which is just they assumed that the economy would never grow, even no matter the tax policy changed, and they assumed that people wouldnt change their behavior as a result of tax policy. We know that isnt true. I liken it to physics where they tell you assume there is no gravity. And you go outside and there is gravity. This dynamic scoring will be absolutely critical moving forward on any debate invo