The widows, the elderly and the doctors on main street. A whole new address and a totally gift gambit. Thats how stocks reported high with the dow climbing 223 points, s p shooting up 2. 8 and the nasdaq soaring 2. 6 . The democrats have listened and addressed wall streets concerns about what happens to bondholders in the event of the treasury default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . The chinese, who own 1. 2 trillion back and forth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. You imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Dont we actually want to stiff those guys . [ buzzer ] or how about the chinese . Those rap patients capitalist
Business. Okay. Take a deep breath. Count to ten. Because there may at last be a way out of at least part of the monumental standoff in washington. Right now were just half an hour away from a crucial meeting between House Republican leaders and the president at the white house. And everything could hinge on what happens there. Senate democrats just left the white house after their meeting, and Senate Republicans will head over tomorrow morning. Now over in the house, gop leaders announced this morning that theyll offer a bill authorizing a temporary increase in the debt ceiling if the president will agree to substantive negotiations on other fiscal matters. What we want to do is to offer the president today the ability to move a temporary increase in the debt ceiling in agreement to go to conference on the budget for his willingness to sit down and discuss with us a way forward to reopen the government. Yep. You heard it right. This quote unquote deal would not even open the governmen
Closed with their highs of the day. Cnbcs bob pisani has all the details from wall street. And well be hearing live from several members of the senate and the house throughout this pivotal hour. Where do they stand on the budget negotiations that are about to begin as we get ready for the next deadline . The kudlow report begins right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Breaking news tonight. The senate expected to vote this evening on a compromise deal to temporarily reopen the government and raise the debt limit. That sets the stage for broader budget negotiations later on. House leader have vowed not to block the bill. The chamber expected to vote later this evening. Were going to talk with members from both parties. Both houses of congress throughout the evening. But first lets get the very latest details from ace political reporter and cnbc contributor robert costa who joins us live
And frankly, a Government Shutdown seems more likely than ever. And ben bernanke says this concern was the factor in the decision not to cut back on their stimulus. And what will it take to get younger americans to invest in the markets, to save, or even buy homes . We assemble an all star panel of young cnbc millennials to get some answers. All and more coming up on tthe kudlow report, beginning right now. Good evening, everyone. Im larry kudlow. Its 7 00 eastern time, 4 00 p. M. On the west coast, and we are live on the kudlow report. The big news today, ben bernanke gave us a shocker that stocks and almost Everything Else just loved. Take a listen. In light of these uncertainties, the committee decided to await more evidence that the recoverys progress will be sustained before adjusting the pace of asset purchases. All right. So no taper. The fed is going to continue its 85 billion bond buying program. And check this out. Investors really cheered the news. The dow and the s p 500, b
Ukraine. This site including claims that withdrawing troops from the border. Does that mean showing off their help in rescuing more than two hundred kidnapped girls government offices was bored were getting word of another attack in North East Nigeria tribute to the radical islamists of polk was wrong. In thailand the new crossroads hostage for four c on friday st is much to my office. All all strawberries she should phone out of moscow russias president coming out of talks with his swiss counterpart is currently the chair of the osce calling on pro moscow separatists to hold off on plans for a may eleven referendum in Eastern Ukraine we are requesting representatives of ukraines se. Bolt is centralization of the country. On the destroyer in the referendum the discarded times for my eleventh. My issue with that in order to ensure the necessary conditions for the lotto and included it with you. Richard knows i want to stress that the planned president ial elections in kiev on it in prin