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Congress will raise the debt ceiling by the october 17th deadline. Monday the dow fell 137 points the nasdaq lost 38 and the s p 15. Gold added 13 dollars and oil lost 71 cents. Treasury secretary jack lew is scheduled to testify on capitol hill thursday about the dangers of failing to increase the debt limit so the nation can pay its bills. And the madoff 5 go on trial today. The are 5 employees who worked in the Bernie Madoffs inner circle but are pleading not guilty some claim they were unaware of the multi billion dollar ponzi scheme. Jim richter of Performance Trust has his eyes on the bond market for us today. Good morning. Is the bond market on edge over this Government Shutdown . Or is it not that big of a deal. Good morning angie. I would say its not that big of a deal. Over the last week or so since the ....
Remaining limits on massive spending by wealthy donors on political campaigns. On tuesday, justices heard in mccutcheon versus federal elections commission, which has been referred to as the neck Citizens United. Republican leaders and wealthy gop donor Shaun Mccutcheon want the Supreme Court to throw out aggregate limits on individual contributions in a single two year cycle, saying they violate free speech. On tuesday, the likely swing vote, chief justice john roberts, indicated he is prepared to strike down caps on donations to individual candidates, but perhaps not on donations to political committees. At a rally, senator Bernie Sanders said unlimited private spending is undermining u. S. Democracy. The bottom line here is that if we do not want to move it to ....
You want my opinion . This is president obamas shutdown. Stephen yes, if you want stu varneys opinion this is president obamas shutdown and if you want stu varneys facts, why are you listening to stu varney . laughter of course, the president is stubbornly refusing to negotiate on obamacare even though the republicans have been very flexible. Id like to repeal every word of the law. But that wasnt my position even in this fight. My position in this fight was we should defund it. Even now with the what the house of representatives has done is a step removed from defunding. Its delaying. Weve been pretty reasonable as weve worked through this process. Ive heard the reference to a full delay or a full repeal. Now were just saying mr. President , can we not just have oneyear delay . We said, well, what about a oneyear delay . Weve been offering compromise after compromise. laughter but you hear from the president and his men and his women no negotiation. Stephen no negotiation, even though ....
Cheers and applause welcome to the report. Right off the bat, ladies and gentlemen, nation, i have just received breaking news about the Government Shutdown. Government, still shut down. laughter in fact, midnight tonight is the shutdowns oneweek anniversary and i plan on marking the occasion by popping a bottle of bubbley. Not champagne, milk. laughter food inspectors have been furloughed and laughter for some reason my milk is bubbling now. laughter now, ever since republicans voted for this shutdown they have known exactly whos responsible. This is president Barack Obamas shutdown. President obamas shutdown. The obama shutdown. You want my opinion . This is president obamas shutdown. Stephen yes, if you want stu varneys opinion this is president obamas shutdown and if you want stu varneys facts, why are you listening to stu varney . laughter of course, the president is ....