Live, unfiltered coverage on cspan. Listen on the radio app. We want to welcome back terry jeffrey. Morning thank you for being with us. This from the editorial page this morning. The Bipartisan Spending Party. Congress has left town for the year. Anotherbefore Bipartisan Spending Party that has typified the trump residency. The numbers deserve noticed because they are likely to have long term impact. Exceeding 1ebt trillion. Guest they are exactly right. On theartisan agreement hill is an old one. It has been going on for decades. They are allowing the government to get out of control. You have the baby boom generation continuing to retire. Increasing the amount of money spent on those programs. Social security costs more than a trillion dollars last year. As the wall street journal points out, you have massive Discretionary Spending. Both parties in congress are doing nothing to try to roll that back. This number courtesy of the debt clock. The nations debt is 23 trillion. How much m
Comin going up in the past year, we want to hear from you at 202 7488000. If you saw your Health Care Costs going down, please call us at 202 7488001. If your health care stayed the same, but you have an opinion on this topic anyway, we want to hear from you at 202 7488002. Keep in mind, you can always text us at 202 7488003. We are always reading on social media, on twitter, and on facebook. Basic Background Information out of the way. Cnbc had a great article earlier this month on the Health Care Costs in the u. S. And how they are increasing. Let me read a little bit of background from that article. It says, the average American Household spent almost 5,000 per person on health care last year. 1 increase from the roughly 2500 per person that americans spent 34 years ago in 1984 according to an analysis of the bureau of labor Statistics Consumer Expenditure survey. Comparisons,ate clever adjusted all dollar amounts for inflation. It is not surprising that Health Care Costs have risen
David and i are going to try Something Different today. Dave is going to be going to be the emcee of our event today. We will see how this experiment and process unfolds with you here. David, do you want to take over now . Okay. I thought it was usual dnc starts first. We want to welcome api to the neighborhood is one of my colleagues says my colleagues says, we cannot send massachusetts avenue at least, any ice to the of brookings. I am really glad nick has done this book because i think that the acute issues of the Great Recession had to a large extent not completely passed and what we now observe that the number of chronic conditions which has mixed book shows has mixed book shows, has mixed bookshelves, baseline, the shocking fraction of prime age men who are not working in some thing that is a preexisting condition, something that preceded the Great Recession, maybe gotten worse and so it requires them in more than only we can talk a little bit about something to make the economy
Performers on the dow this year. Can it continue to impress . We will get you the numbers and what they mean for shares first with the best analysis we can offer. And do you shop differently than you did five years ago . I know i sure do. What do you buy, how much do you spend, how do you spend it, what you acquire. We have interest data on what American Consumers are doing and how the retailers are reacting. Stay tuned for that just ahead. And heres where we stand in the markets with an hour to go. The dow up about 85 points, making a run back towards the highs of the session, when it was up 109. The s p 500 up about 11, 1,915 at present. Joining our closing bell exchange, Keith Fitzgerald from money map press, jack brujon from index financial partners, Abigail Doolittle from peak theories. David kudlow is from mainstay capital management, and our very own Rick Santelli is with us as well. Abigail, let me begin by asking you, the retail Sales Numbers, macys numbers are not particularl