Live Breaking News & Updates on Stanford School Of Business
Stay updated with breaking news from Stanford school of business. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
attend a big fund raiser tonight ahead of the president s first official campaign rally in philadelphia on saturday. now republican florida governor ron desantis is daring democrat california governor gavin newsome to quit throwing zingers are the cheap seats and enter the race himself. brace yourself, but the stit have hit the fan. i practiced that. oklahoma republican governor kevin stit for announcing that he s not backing the former president, but wait till you hear who he is backing. welcome, everybody. i m neil cavuto. boy, a fast and furious. that pretty much describes what is happening in the presidential race. mark meredith is here to break it down in washington. hi, mark. maybe i should be in florida. that s where the action is right now. three florida men seeking the republican presidential nomination. miami s mayor, francis suarez launched his campaign. he put out a video explaining why he s running. i m growing to run for president. i m going to run for ....
i have to go to work. i don t know if my money is safe. the person with 100 million they worry about. it s scary times that we live in. neil: more americans are banking on more trouble, no matter the comeback of the dow today. they hope it doesn t show up at their bank. stocks decimated on bets more banks will fall and soon. black rock s larry fink calling it a slow-rolling crisis and one that steam-rolled pretty much over all stocks today, although we re off of our lows today. this is the good side you re looking at. at issue again, more banks with issues including credit suisse. its chairman insisting everything is fine despite being told everything is not find. now word that authorities are scrambling to help. republican senator james langford says get ready for higher fees. charlie gasparino on why so many americans are running to bigger banks and fast to get away from this. let s just say we re over this, all of this. welcome. i m neil cavuto. we re on top of ....
interest rates that we ve seen, the rate hikes we have seen have done the trick to ease that. so why did stocks soar when all was said and done? a lot of technical definitions being given here. let s put it this way. people were in a buying mood. welcome. i m neil cavuto. this is your world. what in the world to make of inflation that remaining pretty much out of control, but buyers that seem to find a certain resolve. based not so much on what they see there but an economy that they re convinced has seen its worst. has it? is it? we ll explore that beginning with connell mcshane taking a look at the events that prompting the buying wave and the reaction from washington as well. connell? it was a wild day. consumer inflation at a 40-year high. 40-year high. still as you say, the stock market came storming back from the early losses. now we re seeing speculation when you talk to investors that maybe, just maybe, the market has reached a bottom. we ll get to that. let ....
awhile. great to have you. stocks have been rejoicing. more on that in a second. now on something that is happening that would make you wonder why are they rejoicing? edward lawrence with more. we end a week with more bad economic data for this administration. now, the fed s favorite inflation indicator, if you see inflation, is now at the highest level since january of 1982. in fact, the hit song at that time was let s get physical by olivia newton john. pc inflation year over year after 6.86. core, which is without food and energy costs 4.8% year over year. when you look at this month compared to last month, the increase at 1%. that s the highest increase since march of 1980. now it s a lot of numbers but you get the idea here. republicans will remind you that all of this is because of president biden s policies. they re doubling and tripling down on failure at a time when we may be in recession, at a time when the american people are hurting in so many differen ....
madison alworth on what folks on main street are saying and a senate minority whip john thune on the timing moments before people start voting. welcome. i m neil cavuto. this is your world. let s go to hillary vaughn on the fall-out from the white house. hillary? hi, neil. president biden is using taxpayer money to pay off 20 million americans college debt completely by offering $10,000 off of what students owe that are making $125,000 less that year, up to $25,000 for people with pell grants. the president says he has a way to pay for it. remember the $300 billion in the inflation reduction act that was supposed to reduce inflation by paying down the debt? biden says it s helping pay for this. how do we pay for it? we pay for it by what we ve done. the single largest deficit reduction in a single year in the history of america. the inflation reduction act will cut it by another $300 billion over the next decade. biden is extending the pause on student loan paym ....