Associate justice of the Supreme Court of the United States signed by 18 senators as follows. Mcconnell, ernst, smith, blackburn, ouppercaseletter, wicker, ran, purdue, cotton, f for, alexander. Mr. President. Majority leader. My First Experience with Supreme Court confirmations here in the senate, i was a young staffer the number of the judiciary committee, that is also the same time climate a young guy named alexander who just left the senate to go to the whitego house for congressional affairs. Ive had the opportunity for quite a long time to observe the confirmation process to various ups and downs, periods when nominees were confirmed almost overwhelmingly and here in which they were hated over nomination. I could safely say about the senate, over the last 40 or 50 years, it is unassertive. Doing the whole process as a joint thing, the president had a role to play and the senate has a role to play. The various times in our history in our country, the senate has been pretty passive
Growth. Late on the program, ill be asking larry kudlow why is this happening in a fullyemployed economy. Thats jobs and now the markets. Here it comes, 29,000, the dow may hit that mark today. Yes, the astonishing market rally has taken us up 11,000 points on the dow, since the election, of donald j. Trump and the value of American Business has gone up 12. 8 trillion since he was elected. A few minutes from now the market opens and well see the dow go up just a little bit more , maybe 20 points up, s p up maybe 6 and a 30 point gain for the nasdac composite. One more story and its dramatic satellite and intelligence reports show the plane that crashed into iran was taken down by a missile. It was not mechanical failure or engine trouble. The plane was shot down. Canadas trudeau says it may have been done accidentally. 63 canadians were on board. Varney company, the friday edition, is about to begin. President trump when im thrilled to hold the first rally of 2020 right here, in the gr
Records. The dow 28,000 thanks to optimism on a trade deal, ral in Health Care Stocks and uppete report on retail sales, an indication the consumer which has been powering the economys still strong. Here arenghe clo numbers. The Dow Jones Industrial average rose 222 points, to4. 2800 the nasdaq up 61 and the s p 500 added23. The sixth straight weekly gain for the s p 500. The longest win streak for that index since 2017. Bob pisani takes a look at what to make of the bullishness. Another day of record highs. The s p broke out of therading range into record territory, universityia is growing and pretty fast frankly. A number of technicians have but notust the chartists ently feeling good about the trends. Eventrategistnd everyday Retail Investors are getting gunning hoe on the market. Barclays for example s that small caps are at a turning d point and poio outperform. Morgan stanley also saying a key rotation from Growth Stocks to value stocks is beginning. Even the average Retail Inves
Market site. Our guest trader for the hour, lori cave cena welcome. We start off with that muted reaction to the markets Inflation Report this mornings Inflation Report. The market rising as much as 455 points early in the session, but losing steam throughout the day, closing up just 50 points. The s p and nasdaq following similar trajectories the benchmark up just a point. The reversals coming despite the fact that Consumer Prices rose less than expected in july, 3. 2 , versus 3. 3 estimate the drop in gas prices outweighed by a rise in the cost of food and shelter, so, todays action suggest a shift in the markets focus, guy . Its interesting. The s p closes flat, i get it, and lori has thoughts on this, and i mentioned it here, but what i took away, the move in the bond market was, again, extraordinary, in a word yields open on the lows. Spent the rest of the day rallying to basically the highs. I dont think thats good. Bill ackman ringing the bell in terms of his bond call, that top
Up with been told go to college, get a job make a living. Frankly, thats just not realistic for a generation. It is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had . No, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement youve got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. Short sellers continue to get hurt by wallstreetbets. Its making me sick. This is populism coming for capitalism through gamestop. On the surface i can be pretty scattered. In the water though its coming for me. Because youre seeing everything is quiet. You hear your bubbles, you hear breathing. And you just hear the water around you. I dont give a shit about risk. I was deployed to the middle east, we were doing antiterrorism force protection, so looking for