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Back on social media. She is back on social media. I deserve to get all the crap in the world for this. You are my idol. When did this happen. Can you get kellyevans. The old handle is gone. What happened the addiction . No, we can talk about it later. Well talk about it later. Its a new age. You need a digital presence. I will never have facebook but i have twitter you can almost monetize it. You can. I never have. But when you write your opens he circulates all hes a multimedia you have so many channels. Multimedia. You have all of these channels for delivering your content. I have to figure out how to monetize it though but we have to monetize the next three hours and we want to monetize it for our viewers. Lets tell you whats happening today. Were counting down to a major market event today fed chair jay powell is set to speak at the jackson hole summit at 10 00 a. M. Eastern time and we want to get you ready for that this morning. We have a huge lineup coming up hes going to be jo ....
And states are blaming obama care for cutting their government worker jobs and work hours. This illadvised Health Care Law is likely to cut more private sector jobs than the budgetcutting sequester. All of that and more coming up on the kudlow report coming up right now. First up tonights speaker of the house john boehner says republicans will not shut down the government over obama care. Cnbcs john harwood has that story for us. Good evening, john. Reporter Congress Returns in just over two weeks to a huge fight over Government Spending and debt. With no agreement in sight between the white house and congressional republicans, both sides are trying to prepare the ground for the battle and the economic bus tour president obama today tried to rally Public Opinion ....
tightening. the fed-induced sell-off continuing and a big way as we approach this final stretch. you see the dow down 2.3%. the nasdaq is down 2-plus percent and the s&p down more than that. the markets believe this is the appropriate time to step out and troy to price what a world without fed management would look like and it s not going to be pretty. so what we have, bill, is a contest between the market s fears over the end of tapering and the fed s cash. i believe the fed head ben bernanke launched a major de facto tightening during the news conference yesterday and you may not know what the timing is. and what they ll even look like. good evening, everyone. i m larry kudlow. welcome to the end of a wild week on wall street in washington and all over the world and even as the weekend begin, the question remains, what will happen to the markets now that the fed has decided to taper and tighten. what about the rest of the markets like gold, oil and bond rates? ....
asia. and the flash also showing chinese goods piling up. steve, thank you very much. steve and gary, guys, welcome. good morning. good morning. we have a lot to talk about the latest fed minutes. the central bank stands to take action sooner rather than later if the economy doesn t improve. this was more strongly worded than a lot of people had anticipated. the markets actually turned around after the release at 2:00 p.m. eastern time. the stock market, as you can see, ended up ending the day around 30 points. there were moves when you look at currencies, when you look at bond markets because this was a signal that a lot of people had not been anticipating. basically a move that it would be sooner rather than later. at this point, futures up about 40 points for the dow futures. s&p close to 5.5 points nasdaq up higher by 6.8. charles emps said that the fed should do more to boost the economy. he s calling the job reports better but not good enough. the evans co ....
student lending, wells remained soft. corporate clients about new loans, but overall doesn t see demand picking up until the economic recovery takes hold. once it does, wells is well situated having taken care of it. wells says it appears chargeoffs peaked in the fourth quarter earlier than expected and also said 2008 acquisition is exceeding expectations both culturally as well as fascially. we ll head down to the floor of the new york stock exchange where trish is standing down there with bob. thanks, mary. part of the reason we re seeing a bit of an upside on the dow is that investors are taking a little bit of heart in all these strong earnings. earnings news continues to pile in and most of it is very, very good. we re seeing outside in some of the financials today in part of the comments out of morgan stanley and i want to bring in bob pisani. good to see you, bob. good to see you. let s talk about these financials and what you re seeing. mary did a great ....