Am not talking about the Federal Reserve, i am talking with the Teamsters Union saying it will not Make An endorsement in the president ial race. Exactly why, we will ask Sean Obrien in an exclusive chat moments away. First, the Fed Cutting Interest Rates by half a point, the first Rate Cut we have seen now in more than 54 years, stocks bouncing around on the news, originally up more than 400 points, down A Hundred points after consumers with lower borrowing costs. It goes to have an impact on the upcoming president ial race and we are on top of all of it. Welcome everybody, on neil cavuto, first of the fed, that surprising cut, not that it was a cut but it was a big one. Kelly ogrady has more. That is why, that were definitely borrowed money today, the temperature coming out of today is that the fed if he was confident enough about its 2 Inflation Target but clearly wants to ensure the Labor Market is not cool off anymore. 50 Basis Points is a big deal especially because Jay Powell ha
Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
Table. I have here the Government Accountability Office Document that nations fiscal health. May 2023. Issued a couple weeks ago, this was issued to every leader in congress by the Executive Branch. The gao is one of the best of the entities our government has, what do they say. Why do we care. It says balance of current revenue, resolve in debt growing faster than the economy, thi this is unsustainable. The government never writes reports like this or speaks like this. It continues cbo, has stated high and rising federal debt is a fiscal crisis. Underlying conditions driving unsustainable fiscal outlook post, social challenges have not addressed. They are trying to say, the economy could collapse. Could collapse. They go on they are saying were not at war, The Ethe Econo Economics Balancedded 3 Out Of Last 4 years. For example, debt held by public, grew during economic expansion of june 2009 to february 2020, it did not grow during the economic expansion from March Of 1991 to march of
fantastic authors, some have written substantive and en ligenlightening books. we begin with america s most successful governor, ron desantis of florida. before he announced his candidacy for president, governor desantis wrote a book. the courage to be free. how he believes his state is a model for the rest of the country. go. courage to be free, florida blueprint, let me ask you. i don t always ask everyone. this is a fantastic book. it is easy to read, it walks through your life. things that you learned that you done know before, why did you write. over the last few years, florida has represented freedom in the united states. we have seen that with the number of people unprecedented number of people that have picked up their lives from a lot of failing states, governed by leftist politics, they have come to florida, they told me, just highway glad they are to be in florida. you have seen other states that have followed florida, and done well, others have that not, peopl