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Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances for health care workers, hospitals, that sort of thing. I stress that they have reached a broad parameters of a deal. It is not a deal until they both mutually agree. Were seeing progress on the front. That mitigated losses in the dow and offset the oil impact. Edward lawrence joins us now from washington with how this is all progressing. Hey, edward. Reporter neil, close, very close. That is how it is being described. As you sa ....
Impossible. While we were winning the idea lodge call battle, while were winning support of so many young people and working people throughout the country, i have concluded that this battle for the democratic nomination will not be successful and so today i am announcing the suspension of my campaign. Please know that i do not make this decision lightly. In fact it has been a very difficult and painful decision. Over the past few weeks jane and i in consultation with top staff and many of our prominent supporters have made an honest assessment of the prospects for victory. If i believed we had a feasible path to the nomination i would certainly continue the campaign but it is just not there. I know some in our movement would disagree with this decision and would like to fight on on to the last ballot cast at the Democratic Convention. I understand that position, but as i see the crisis gripping the nation, exacerbated by a ....
And global names are all taking it on the chin. The market itself is down close to 40 from highs reached a little more than a month ago. And this is feeding on itself. Now, the excuse de jure seems to be the fact that the senate could not cobble together a rescue package late last night. 2 trilliondollar package, democrats say was tilted too much towards businesses. Now theyre scrambling again to come up with something that might be more mutually acceptable. Questions whether it is too little too late. If you consider the 3 1 2 to 4 trillion that the Federal Reserve has provided through everything from cutting Interest Rates down to essentially zero to buying mortgagebacked securities, buying corporate paper, buying anything that they can get their who little hands on to get the cash in the system, that is what it is all about, get cash in the system so people dont feel they ....
Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at t ....
Hey edward. Reporter yeah, neil maybe the market is priced in the usmca will eventually get done but i have multiple sources stakeholders to usmca as well as congressional sources all being told that a deal with mexico over the changes to usmca has been finished. These sources are also told that canada would sign off on this deal and now a congressional source telling me that the language will be finalized in the next 24 hours and this deal is reratified by mexico also, the ratification process will be finished in canada and a vote is set here in the United States for ratification and the mexican trade negotiators back here in washington today this all center s around enforcement of labor provisions. And the House Speaker wanted the u. S. Inspectors to go in and make sure that mexico complies with workers, making 16 an hour , as well as other regulations. What mexico settled on ....