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Cycle . Thats his gift to janet yellin. Those stories and much more coming up on the kudlow report beginning right now. Good evening, everyone, im larry kudlow. This is the kudlow report. We are live here 7 00 p. M. Sxeern eastern and 4 00 p. M. Pacific. Much of the east coast digging out from a big snowstorm today and man,s is it cold. Single digits here in new york. Nbc newss ron mott joins us live from boston, where it may be worse. Good evening, ron, and thank you. Reporter hey, larry, good evening to you. Let me tell you, it is so cold out here its hard for me to really convey to you how cold it is. The muscles in my face are really straining to be able to get this mouth to talk, but i can tell you its 9 degrees right now with a wind chill of about 7 below. The temperatures are plunging quickly. And overnight were expecting the wind chills to hit minus 20. So theres . Real concern about the Homeless Population in boston. ....
Also, is obama man Larry Summers really jacking up on rates and knocking down stock prices . Will he really be a tighterfisted fed chairman than janet yellin . The markets seem to think so. But wasnt summers the big trilliondollar stimulus spending guy in obamas first term . And speaking of fears, has team obama totally botched the egypt situation . There can be no compromise here, folks. American interests lie with the Egyptian Army, not with the radical and terrorist Muslim Brotherhood. All those stories and much more coming up this evening on the kudlow report. Beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. First up tonight, after delivering a number of Economic Growth speeches this summer, president obama has still fa ....
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and economic bellwether ge posting below consensus revenue. chip stocks getting wrecked. marvel getting a number of downgrades today after lowering revenue guidance, down more than 14%. also its cfo departing somewhat suddenly. apple now in correction territory, shedding more than 3 1/2% today. that s ahead of the big event next week, where we expect the world s largest company will unveil a new, smaller ipad. but capital one financial posting a 45% increase in third quarter profit, topping forecasts. the biggest winner on the s&p 500 today up more than 6%. i guess being a winner today, larry, wasn t all that hard. good stuff. i like that end point. courtney reagan, thanks very much for your report. now, folks, lest anyone get too bearish over this what i think is a profit-taking correction. two positive factoids. first, existing home sales up 11% year on year. second, median home prices also up 11% year on year. so the housing recovery continues. that is good for the ....