Is it a u . Maybe its an l. Or perhaps its a z. Or maybe its a w. Or a nike swish. We keep hearing people argue about the shape of the recovery. But this whole debate misses the point. The defining question of this market is very simple. Will we have a depression . Anything that makes a depression less likely causes stocks to explode higher thats what yesterdays rally was about. Even though we gave up some of the gains today, im calling it a consolidation day no matter what dow sinking, nasdaq dipping 5. 4 when you have a bag r big rally yesterday and it us diddant give up everything because of a Late Afternoon sell off, it is a of a kelgs. The issue is not whether well have a rapid v, recovery u, bounce the w, l shape, i dont know the l, of course, is the house of pain for ages maybe we havent started talking about the swish because of the Michael Jordan series. The market slows down dramatically all the people fretting about the shape of the recovery are getting ahead of themselves.
Working together to prevent the conflict from spreading from gaza and to secure the release of hostages. The i bring cop to our viewers watching on cbs in the United States, into all of you around the world. Welcome, almost one week after that unprecedented come off. Terror attacking is real tonight. The localized raids are being carried out by is really troops inside garza, israels chief military Spokes Person said infantry and thank you. Its entered, gaza to locate and walk and cruise the story weapons and to search for evidence of hostages. The announcement did not appear to be the beginning of an expected ground defensive in retaliation for the terror attacks from last saturday. Israel has been massing troops along because a border in preparation for as a possible offensive or correspond to rebecca rivers. She is in tell of even she told me more about what are being called local wives rates. Well that is what weve been hearing me is rarely military saying that they have been carryi
Captive palestinian seas is ready on the equipment. Celebrating a mazda surprised military operation across the board. The United States stands with israel president , show a bottom condemn some us for targeting israel, saying the United States will never fail to have is ryan was back the hello until mccray, its 21 g m t in welcome to l. Special. Continue in coverage of the guns. That is why war is ready. Prime minister Benjamin Netanyahu has found a vengeance and says hell defeat him all soft to the groups. Unprecedented military operation on israel. Nearly 500 people have died on both sides. Israel says at least 250. 00 of its citizens have died. And palestinians reporting 255. 00 deaths multiple is riley strikes, have hit the guns, the strip targeting both the army says with a mazda affiliated locations. Earlier in the day the um, the group from us launched an unprecedented lands and in military operation against israel. Fines is bridge, the guy is a barrier and entrance 3 is rarely
Carl quintanilla with jim cramer a solid open as we watch more good Bank Earnings and consumer inflation that is a touch cool 10year core cpi runs 1. 7 year on year. Wells fargo with earnings, does it point to a strong season of corporate results . Tech policy head winds, the fang stocks are set to open higher. Amazon and alphabet above the 1,000 mark and 21st century fox down in the premarket following the drag from comcast and direct v owner at t bank of america better than expected as improved lending activity and higher rates offset weaker trading revenue and wells beats on the bottom line but revenues miss and that stock is lower as we watch efficiency ratios. Wfc, wells does a pretty good job of not talking about the issues that beset wells fargo. I will say in their defense, there was not a decline in average deposits, up 4 . People are not fleeing wells fargo. Bank of america has become the bank that i always thought it would be, the consistent bank where you can put a price to
Mr. Hilboldt good afternoon, welcome to the Heritage Foundation in our auditorium. We welcome those joining us on our heritage. Org website and those who will be joining us via cspan television network. For those in house, we are the courtesy that mobile devices have been turned off or silenced as we prepare to begin. For those watching online and in the future, you are welcome to send questions or comments at anytime by emailing speaker heritage. Org. We will post todays program on our homepage for future reference, as well. Leading our discussion today is Senior Research fellow and regulatory policy. He handles telecommunications and regulatory issues. Prior to joining us here he was Vice President at the for soundesident economy. Also deputy chief at the office of plans and policy at the fcc and was at one time associate director of the president s council on competitiveness in the office of Vice President dan quayle. Please join me in welcoming james gattuso. James . [applause] i w