Page 24 - Dot Com Bubble News Today

Snowball effect. basically, you had one of many that were rapidly closing their doors. >> out of the hundreds of tech company ipos that existed by 1999, only one in six would still be in existence two years later. whoever wins the presidential election is destined to inherit the fallout of the dot-com bubble. but a clear winner has yet to emerge. >> its already clear here at 7:30 eastern time in new york that the road to 270 electoral votes for either george w. bush or al gore will be long and...

>> there was this enormous snowball effect. basically, you had one of many that were rapidly closing their doors. >> out of the hundreds of tech company ipos that existed by 1999, only one in six would still be in existence two years later. whoever wins the presidential election is destined to inherit the fallout of the dot-com bubble. but a clear winner has yet to emerge. >> its already clear here at 7:30 eastern time in new york that the road to 270 electoral votes for either george w. bush ...

>> easy, fergie. >> what i mean by this, is im optimistic about the -- this current problem smells to me like 2000 where theres an underlying overheated part of the economy, now its oil and gas and natural resource, with following commodity prices at the heart of whats going on. there will be a that is where the jobs are going away. if that intensifies, we, youll see more and more people firing in all those areas, but mostly in canada, emerging markets. it could spiral and take the whole economy...

The hbo program the jinx. weve been telling you about it this morning. the program caught him on tape in a bathroom when he apparently didnt realize he was wearing a microphone that was broadcasting outside of the bathroom. he said something like what did i do? killed them all. that is apparently not the reason for the arrest that is taking him to los angeles but robert durst has waived extradition. another murder trial getting underway in the case of a prominent upstate new york doctor accuse...

The nasdaq closed above five,000 for the first time since march of 2000 right before the dot com bubble blew much. the nasdaq was riding high. give us the story on this 15-year claim back to 5,000. >> reporter: its taken the nasdaq 15 years but its finally above the 5,000 level. its important for retail investors who think i can buy that and the institutional investor may be seeing it as a sell signal. it was driven in part by google and apple. since the 2000 lows up by a whopping 350%. >> is th...

Former florida governor refuses to sign no new taxes pledges something his father was famous for breaking in the 90s. the s&p 500 was up 13. also a record close. the nasdaq finished ahead 45 to close above 5,000 for the first time since the peak of the dot com bubble. here is what some of our fox affiliates are covering. fox 47 in madison wisconsin where lawmakers are debating right to work legislation. wisconsin seeking to join 24 states that have passed bills prohibiting businesses and uni...

After that, i think there are more similarities than differences on their economics. the context is totally different. bill clinton actually benefitted from a bubble, the dot-com bubble that drove the economy in the latter 90s. president obama took office after the collapse of the worst bubble since the great depression. lets face it, i cant remember a president whos faced a worse congress than obama. im not saying it was an easy ride for clinton, but he certainly faced a much more facile congre...

For. how do you reckon with what happened when he raised the taxes and the deficit reduction. >> theres a lot of points to make about that. first of all, we dont have clinton levels of spending. thats the biggest problem. we have obama levels of spending. if we are going to pay for that, some democrats are admitting, taxes have to go up on not just the top 2%, it has to be everybody. during the bush years from 2000 to 2007, the top 1% paid $84 billion more in revenue in 2007 than 20006789 their ...

Unfavorable 30%. what about that? effective? >> when i saw the ad i thought it was made in 2008. it sounds as if obama is the outsider, running for the white house. trying to blame everything on george w. bush. as i said earlier, he not only is president, his party ran both house of the congress in the first two years of the administration. belied by that ad. i dont think it helps them. >> bret: president clinton did what he did and there was significant growth in the economy. he also cut cap ta...

bottom of the hour now. welcome back, im randi kaye. here are the stories we are watching. visa, mastercard and the biggest banks agreed to a historic settlement that totals $7.25 billion. it centers around credit card swipe fees. credit card companies were fixing the price of the fees. retailers will see the fees reduced temporarily. this settlement may cost you more when you swipe your credit card to pay. they will tack on a surcharge for credit card purchases. theres a but to that, ...