Page 10 - Againers News Today

Msnbcs ali velshi is here, too. we know the big headlines coming out of there are more money to defense, less money to domestic programs here at home. i want you to dig into the nil y -- nitty gritty. >> do me one favor, dont call it a skinny budget. its a budget proposal, thats why they call it a skinny budget. veterans affairs. these are the gainers, veterans affairs, about $4.4 balance, school vouchers, we know betsy devos is into these and all of the candidates talked about opioid treatment,...

We have to cover the other big story that broke this morning, the budget. president trumps outline for the budget. it includes big cuts. i want to get details from ali velshi. >> this is the first budget request. some call it a skinny budget. it makes me feel badly about my physique. what we have is three departments getting an increase in spending, 17 that are getting decreases. let me show you how that breaks down. $46.4 billion in cuts to 17 different agencies. $59.5 billion in expansion acro...

$4.5 billion for veterans affairs. $1.4 billion for school vouchers, and $500 million for something all the republican candidates talked about opiod, heroin overdoses. these are the big gainers in this budge. when you rise by $64 billion you have got to cut somewhere else. here you have the losers, $2.5 billion or one third coming out of the varietial protection agency. we sort of knew that was coming. health and human services losing $15 million. the department of education. vouch remembers get...

All right. we are own a couple minutes away from the closing bell o wall street. right now the dow is down around 40 point after the record setting highs. for more, ali velshi. shes been following the markets all day today. what are you seeing? >> well, you know, its taking a breather. no particular reason its down or up, but the market these days is driven by some event. remember, a lot of the gain after donald trump was elected were in the early days. and one of the biggest gainers of all, not...

A day. critics are clslamming the dela because the president made the argument that the national security requirement is to pass it quickly. 56 minutes past the hour. lets get a check on cnn money stream. the dow cracking 21,000. look at this move. the dow up 2,000 points in the last month. it has dropped three days since the start of february. a stellar rally. president trumps speech is a positive. optimism the fed will raise rates in two weeks. raising rates means banks make more money. look...

Than an investors money, your deposits. we separated banking from that sort of thing. now were looking at rolling that back. the market we just showed that the market is quite positive on this, because the idea is if you let banks do what they want to do, they will be more profitable. this list gain in the market avenue we seep since donald trump has been elected in the low teens has been led by the banking sector, goldman sachs has been one of the biggest gainers of all in this. so make what yo...

When venice existed, we are traders, we make things, we buy things, we sell things, we ship things. if youre a business involved in a market today, many are, this is worrisome. >> trade also touches foreign policy. again, back to the markets, markets dont like uncertainty. when you look at donald trump, yes, hes a businessman, but hes unpredictable thus far. >> correct. >> when you look at someone who could affect trade, relationships with places like china. >> yeah. >> the market doesnt know ho...

Travis, great to he see you this morning as always, welcome back to the show. >> thank you, its a pleasure. >> imauto always fascinated about where money in this country is moving, what states are seeing this distribution and lets start with texas today. because something interesting is happening down in texas. >> well, you know, as we have seen in the past, we can look at past performance of how people and their income have moved over 43 million americans in the last 18 years and by looking at ...

It is costing you now more to fill up. gas prices are skyrocketing. this last week the national average for regular unleaded $3.66 a gallon. but check this out. five bucks a gallon at some stations in los angeles. sorry for those in l.a. egypts uprising is actually whats helping push up the oil prices. crude oil supplies are down as refineries stop for maintenance. also skyrocketing, profits of bank of america. alison kosik at the new york stock exchange with that. >> these are big numbers. bank...

Since march. it just keeps going. >> it is written. were looking at a third straight record close of the dow jones industrial average. 15,000 in our sights. this is the 14th record close since march 5th. defense stocks have been among the leading gainers in this rally the last couple of weeks. usually you buy from the defense stocks when the market is down. laos week we saw a spike in laos week we saw a spike in unemployment but were still on [ male announcer ] what are happy kids made of?