We should tell you that we are awaiting Sarah Sanders and we are just told that she has more moved the conference from right now to about 29 minutes from now thats right 3 30 p. M. Eastern and of course the wild rise in stocks in controversy already swirling plus a bloated white house budget plan that was just released. They are sure to be at least dominating those in the news conference. Get ready for another wild ride. The Treasury Department is saying that on the very day that the white house just unveiled the 2019 budget plan and this cannot be good news. Uncle sam is spending faster in 2019 then in 2018 then the wallet fattens up. Right now this current fiscal year they Just Announced that in the first performance months of the fiscal year. The deficit widened 11 in this First Quarter of the fiscal year compared to what we saw last year. The difference when you put a dollar figure on it from what the government spent and then what it took an in tax receipts it stands at a hundred
Were looking at 1. 5 growth. That is better than no growth but still not typical recovery growth which is what worries greg smith. You have been looking at this for a long time. It is the strength of this recovery that concerns you. It is still percolating along but not robustly. What you worried about . It is percolating, you stole my thunder, you average two quarters out. Neil of i dont Connell Mcshane will come up with the chart. If you go back to 20122013 the Commerce Department this 2 growth rate seems to be the norm. The lowest since any recovery since the Second World War and here is what concerns me. Fiscal policy is not working. Wind will jack lew and penny said down and say this policy is not working, we need to change course . The fed policies zero Interest Rates, not working. Neil we are not back to the rates, were certainly back of the maps and why dont cynics like craig realize that . They are wrong. There is so much malloy investment going on now as a result of zero rate
Ive got a quick headline on amazons jeff bezos, he has quick money in his pocket. Roll postdebate sound bite number one. I know i dont trust president obama with all records. I know you gave him a big hug. Forgive me if i call it a hohum jobs report in july. 215,000 jobs report goody. The Participation Rate is still at a generational low, 62. 6 , thats not good. As for the markets, well theyre taking it in good spirit i guess. I say this every morning, pretty much dead flat. Were up one point, thats the futures okay . Well find out for sure 29 minutes from now. Here is what i think is perhaps even better news the price of gasoline. Its friday, some of us will be driving this weekend and its getting cheaper by the day. 261 is your National Average. Later, well tell you where the cheapest gas in the land can be found. Lets get to the debate shall we . Joining us ashley webster, Liz Macdonald and tommy bruce. I thought it was a great debate, it was lively engaging. I thought the debate wa
Peaceful transfer of power. That is one of the great hallmarks of american democracy. Liz now, Hillary Clinton is saying she is joining the resistance. The election were on october 27, id be your president , it was want, it was on october 28 there was a lot of funny business. I am now back to be an activist citizen and part of the resistance. Liz welcome to risk reward. The day after Hillary Clinton lost, she said we must let President Trump lead. We must accept that result, then look to the future. Donald trump is going to be our president. We owe him an open mind and the chance to lead. Liz now this, violent riots nation wide. Rioters disrupting peaceful trump rallies, saying faishism fascism is on the rise, there is no evidence of that in washington d. C. , still no democrats are denouncing the violence, that includes the former democratic contendor, some victims of the riots spoke out on this show. I suspect someone with razor blades taped in their fingers may have brushed us. And
We will watch that all weekend long. Our reporters are ready as liz clam does get set to spend the weekend with warren. We are live in omaha nebraska. At the gigantic annual Shareholder Meeting. Some 38 plus a thousand people already streaming into the center of it all. And guess what, the actual meeting doesnt begin until tomorrow. But before that after the bell we are getting earnings. We will get you a preview. We are less than an hour to the closing bell. Lets start the countdown. Okay here we go. Im Connell Mcshane in new york. Im at the century link arena. Tens of thousands of people havent started to flood the area. Why, for these two guys. Tomorrow they will take the stage here at the century like youre talking about an 86yearold man and a 93 yearold vice chairman. Sitting on an empty stage talking about the economy about business in the more than 80 businesses they own and it will sell out more than nickel back, queen and yes indeed paul mccartney. Why does this matter. Its ve