Even if today was a dow. S p inching down 1. 3 . Nasdaq climbing 4. 2 the fed is supposed to cut rates when the economy is in trouble, right . How can the economy be in trouble if the s p 500 briefly made an alltime high . I hear a lot saying this but its based on the serious misapprehension usually bring people who dont understand the stock market itself because it is a market of stocks. Its no longer a good gain the indices arent a good gauge to the economy the recent rally tells us lots of companies are doing well. Some are doing well because of lower Interest Rates than the treasury market. Some are doing well. Theres been some fast growing tech stocks that have not been constrained and farm well, farm and fast growing tech tend to thrive in a weak economy. More importantly i think were looking at this backwards. The market roared to these levels because wall street thinks there is going to be a rate cut it would be much lower in jay powell told us it was still on the table that th
Conflict needs to end as quickly as possible, in any case, it is necessary to reduce the matter to the possibility of starting some contacts and negotiations, as for my, my impression after the conversation with the five leaders region, these were important timely conversations, ill tell you the main thing now, without details, i got the impression that no one wants to continue, the conflict to worsen the situation, Vladimir Putin said about the situation in ukraine, he called the supply of american missiles to kiev an additional threat to attack ms. I also noticed that the United States is becoming more and more drawn into the conflict, but in vain, since even these supplies are unlikely to change anything. This, of course, causes harm, it creates an additional threat. Of course, we will be able to repel these attacks, war is war, and of course, i said that they pose a threat, this goes without saying, but what is most important is that they are not fundamentally able to change the si
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As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
Call the subcommittee to order and thank all of the witnesses for being with us today for the subject of our concerns which is visa overstays. Most of the time when we talk about the flaws of our immigration system, we talk about Border Security as the paramount concern and for me it is with the 1200mile home in border notwithstanding the great work being done by Border Patrol it still remains a vulnerability and we are working hard to come up with some proposals to address that. But the vulnerability that seems to be overlooked is people who enter our country illegally and then overstayed their visa in this Great American landscape. Why am i understand the desire to people coming from other countries to emigrate because of economic or security conditions, it is almost more offensive to me that people come into the country legally in spite of the courtesy that we demonstrate to them by allowing them to come in temporarily they exploit that and take advantage of it and violate our immig