Drowning in debt as never before ballooning government corporate and even Household Debt piles have some experts sounding the alarm on a potential debt bomb coming we have more on that in just a minute yes we do as you mentioned, energy helping to lead thisrally higher dont look now but the tech sector just turned positive for 2020 lets get to bob for more on the markets. Bob. Sdp you youre right. Who would have thought nnenergy was a break out. Yes the green chute story still per va prevails volume is light. Theres the s p near the highs of the day energy, i know you think this is crazy but energy is on the verge of breaking out to the highest levels since the whole thing started falling apart. Nice moves up here they look like vs. These charts right now i know that sounds crazy but the big story is tech. The technology s p sector, the largest sector in the s p just on the verge of turning positive for 2020 i said this many times when you get facebook, apple, amazon and microsoft up a
On capitol hill. A lot of debate on whether the middle class work feel or remember taxcut. A lot are saying its not a tax cut for the middle class but the wealthiest and the corporations. In the version of the senate bill, and that is most likely to closely resemble the final bill, all tax cuts for individuals 20xpire in 2026 area 36. David is does this mean they wont get a bill . Congress can get it all the way down the field. They are closer than they ever have been. Republicans are confident. Even democrats are saying its going to happen. Now it is up to us to write to in 2018to people why they should vote for democrats versus republicans. They are confident they will all to repeal the mandate. How will they get this . Time. Has a very critical depending on what happens on it tuesday with the roy moore race, that could be interesting if a democrat takes that seat. Are a lot of moving pieces. Remember, Susan Collins said she got commitment they would pass the market stabilization pla
Equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling gasoline prices. And it is that drop in gasoline prices that caused millions of Older Americans to get some bad news. The federal government today made it official, that Social Security beneficiaries will not get an annual raise in benefits next year. Prices arent rising enough to justify one. And as Social Security benefits remain flat, nearly 1 3 of medicare recipients could be paying a lot more for their monthly premiums. Hampton pearson has the story. Reporter there will be no cost of living i
Equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling gasoline prices. And it is that drop in gasoline prices that caused millions of Older Americans to get some bad news. The federal government today made it official, that Social Security beneficiaries will not get an annual raise in benefits next year. Prices arent rising enough to justify one. And as Social Security benefits remain flat, nearly 1 3 of medicare recipients could be paying a lot more for their monthly premiums. Hampton pearson has the story. Reporter there will be no cost of living i
For stocks, all other news being equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling gasoline prices. And it is that drop in gasoline prices that caused millions of Older Americans to get some bad news. The federal government today made it official, that Social Security beneficiaries will not get an annual raise in benefits next year. Prices arent rising enough to justify one. And as Social Security benefits remain flat, nearly 1 3 of medicare recipients could be paying a lot more for their monthly premiums. Hampton pearson has the story. Reporter