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It is a complete and total me, you andonly to lisa. It is a mystery to lawrence kudlow. Jonathan catching up with larry kudlow at 10 00 a. M. Eastern from the white house. The median is a little north of 3 million. The range is absolutely rock will. Be high absolutely remarkable. The high is 9 million, the low is 500,000. Lisa then there is a question of what it means with respect to the weeks after the data comes in, in which case we saw these close downs continue throughout the nation in the face of an escalating pandemic. 8 30, we get the initial jobless claims, as well as the jobs report. Very interested in what larry kudlow has to say with you at 10 00 a. M. Do not miss it on bloomberg television. He will give the party line from the white house and how to deal with the pandemic and the economic crisis, not different things. First30, we get the Public Comments from president this week. He will give a discussion at the white ....
Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. ....
To decline 1. 4 . What we all do for a pullback. Ive been saying that weve been having a really high casualties. Members of the cbc Investor Club now all too well from the annual meeting. We like this market the whole way up. Many of the critics hated it all the way. First they hated a, because we are in a pandemic inspired inflationary cycle. Then, they hated it because the mini banking crisis started. Now the feds are raising rates, and the economy heading for a hard landing. They hated so much the market strengths concentrated. Yeah they hate it because of what they call the a. I. Bubble. All along they failed to celebrate their victories. They ignore the high of latium. They ignore the end of the feds tagging cycle. All that job growth has been so strong. And they didnt even care when the magnificent 7 started passing the leadership to the industrials and the mid cap stops are still cheap. What the heck is wrong with these peop ....
[applause] mr. Meese thank you, ladies and gentlemen. Its a pleasure for know join john in welcoming you to the heritage foundation. And also to the first event in our preserve the constitution series, which we have each year at this time. And which well continue over eight programs starting today and running through november. Ill say more about that later on. Its appropriate, i think, that we begin our series on preserving the constitution by observing Constitution Day, which, as you know, is the 17th of september. This sunday. Commemorating the day when in 1787 the representatives of 12 states signed the original document and then sent to the states for ratification. I believe that my opinion this date, Constitution Day, in terms of the historical antecedence to our country, is second only to the fourth of july. I say that because as we know on independence day, 1776, 5 ....