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Abu dauhabi. riyadh is holding tough line and this is the most alarming element and this is what is driving the stock market lower, by the way. this is not about growth in saudi arabia with oil above $80 a barrel the international monetary fund revised the growth for 2019 we grow 3% but not phenomenal but clearly solid not where investors would be running out of a stock market. i always stock market are a lead indicator or gauge of the future six to nine months down the road. i think a question mark about the leadership style of the crown principles who is only 33 and his father the king in his 80s. we saw a sharp fall of 7% at the open in saudi arabia in terms of the stock market. a loss now better than 4%. very importantly since the disappearance of jamal ....
Interesting is for an economy african american, hispanic, unemployment, white unemployment lower than its ever been, the market is booming which is a lead indicator. it looks like the republicans may get wiped out in the house and maybe in the senate. i think the reason is when the economy is good something else is the issue and when the economy is bad the economy is the issue. neil: a lot of people typically say donald trump is the issue for whatever good he s been for the markets and economy, we would certainly blame our president if it wasn t good. but do you think that he gets in the way of his message? i think there s no question about it, that part of the reason for the problem of the republicans is the tremendous hostility to trump t hostility through the media, i mean i live out there in virgin and it was a real wipe out in that election and he s 38, 35% or something like that but the republican party is down. i think it s because of that, ....
Disastrous performance by the dow today is provoked by european euro zone countries and the sovereign debt crisis that is now lapping up to the shores of america. you re exactly right. i don t believe this is a result of our debt ceiling battle at all. this is hitting italy. we know the greece, ireland, portugal situation and maybe spain. that imperils all the banks of europe. and it could jump the atlantic. but this fear the drop in the dow, martin, because it s a lead indicator, does tell you something about where the economy will be six or eight months from now. and the fear being induced by this and the pullback of people with money who are going to say, holy smoke, let s try to save what we ve got, i think is going to have a constrictive effect on the economy. it can t be good news for the president or for america. thank you both for joining us. more on themake breaking ....
Though relatively high numbers when it comes to unemployment on a weekly basis. yeah. jenna: too high some economists say to be comfortable. we re still seeing foreclosure reports are just discouraging. yeah. jenna: where is the money coming from? who is actually spending? well, jenna, leave it to you to find the cloud. i m looking at the siled very lining here. sorry. i have to ask the hard questions when it comes to shopping. day before christmas, give me a break. you re right this 10% unemployment number is catastrophe, no question about it but what i m suggesting, jenna, some of these signs of improvement in retail sales and some of the signs that maybe we ve hit bottom in terms of mortgage foreclosures, those are suggesting that we re finding a turn with the economy. when businesses spend more, jenna, that usually is a lead indicator that they re going to start hiring. so i m predicting we ll see 4% growth in 2011 and i think we re going to start to see, i think about a ....