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These six workers hadn t eaten in four days. reporter: nothing nothing. i said go buy them some groceries let s get these guys fed. reporter: even though they weren t union members? we re out there to fight for the workers against unscrupulous contractors, no matter who you are, if you re union or not reporter: when ramirez told blusky the union was involved, he says they told him to fire the workers, who now had no food, no cash, and no place to live this is where the guys stayed, the six? yep, where they came. reporter: reverend john grebe opened his church to the workers. who slept among the pews that first night. how long did it take you to decide you were going to cook them a meal less than five minutes. reporter: you gave them the keys to the church yes, i did. reporter: literally? they weren t strangers. they were just people i didn t know. reporter: meanwhile, a picket line was set up outside the workers job site the demand pay them. pay them the ba ....
From the federal reserve this week. traders would welcome it any way they can find it. bond traders, charlie gasparino just said, they think they ll see interest rates hiked as soon as this week. as long as the fed adds to that they re one and done and going to sit tight for a while. whatever happens it would change what s been a ten-year party for a lot of folks, stock traders included. very low interest rates for mortgages and all of that. it s not been great for savers. look at something. if you have the wherewithal to j put cash away you have been getting squat for your money. around .5%. you re lucky if you get that in most places. let s say the fed hikes rates .25%. you ll get, are you ready for this, .75% on your money! see what i mean? it s not that big. sam stovall says the fear in the markets, although what could be ....
Last week. it s a force to be reckoned with. give donald trump credit for tapping into that. i hope he really believes what he says about this stuff. this isn t a marketing ploy. but we shall see. all right. speaking on the deck of the ship tonight. yes. while i ve got you here, i want to pick your brain on this. look at how the dow closed out. 228 points. this might strike you as odd coming the same week that the federal reserve is meeting and could hike interest rates. split view on whether it happens sooner rather than later. that is going to happen because the fed has drawn a line in the sand. there was weak news or weaker than expected news that made some traders thought maybe they don t move on interest rates. it s been stuck at around zero for the better part of eight years. you have a different theory on this. from one of my best sources. david seeberg at cowan and company. a bond trader. yes. the markets are craving, craving ....
Clarity. one way to give them clarity is to raise the rates now, and then you put off for a while you say, well, we ll see how it goes. it will be gradual. he believes that the market is up today because net-net there is more evidence that they re going to raise on thursday than not. not wait till december. no. the reason why is because they want clarity. there is no reason to wait till december. if the fed said we re one and done for a while. yes. would they be that blank? that s what he says and he is usually right. that flies in the face of consensus. economists. bond traders have money on the line. they re smarter than economists. they re flax. they articulate the interest rate of the company. they re guarded. i m telling you what a guy who loses or wins money is saying. we have a strong base of economists who watch this show. it s not wrong to be called a flak. they call reporters hacks. they do at that. ....
Pushed the fed funds rate from 3% to 6%. s&p fell a whopping 8.9%. those days we were looking at irrational exuberance. that was before that. keith, i guess what i m asking is, how do the markets respond to that? if the fed were to say and move a quarter point this week and everyone said a quarter point is a quarter point. sam is right, worst-case scenario the next year or so it s a point. it s still very low, in historical terms but it is getting higher, and that is what will worry these guys. well, the er is the problem. what happens if they raise rates sam has interesting and compelling points point this. data talks. history may not repeat itself but it will rhyme. the mortgages rates go up. credit card rates go up. ability to borrow for homes and cars goes up. ....