Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
One of the first people i met into our planning and congressman style not only did you take speaker ryans place but a former paul ryans staffer i think there is a closer fiscalke hawk then probably doctor tom to inspire the effort in your former boss and predecessor. So we are curious to hear your unique perspective as millennial legislators indicating Small Business person South Carolina and similar business background. We would really like to evolve into a discussion molly have you online because you have so much in common with the members of this commission. Thank you for havingh us. This is an issue dear to my heart literally the number one issue i ran on. We have been out of control for decades when i first came to congress that was one of the most pressing issues and in the first year we spent one. 4 trillion more than we brought in revenue at 25 trillion in debt nine on the Financial Services committee but i was talking about this left and right but in 2025 we would spend more m
Thank you for your leadership. Thank you for doing this and having me. Ill say this from the getgo. To both congressman. Thank you. Congressman timmins, congressman style, not only did you take speaker ryans plays but you are a former staffer. I dont think theres a more incredible fiscal hawk in the history of politics then probably, doctor tom who inspired this effort in your former boss and predecessor. We are just curious to hear your unique perspective. Not just as millennials but as millennial legislators, Congress Must timmins in your case, Small Business person similar business background. We will start with you congressman timmins. Give us opening remarks. We would like this to evolve into a discussion. While we have you all online. Youve all got so much in common with the members of this mission. This has been an issue near to my heart. The number one issue that iran on. We have been out of control for decades. I first got elected to congress, debt is one of the most pressing
Rates not as much up. So depending on where you look, of course, it depends. The dow up 63 points, the yield on the 10year down to 4. 4, down 4. 4 basis points. It has been the story of the week, and youd have to go back to last may for stocks to find the worse week. Look at this, the dow off 2 , same story on the s p, nasdaq down 2. 6 . But just because markets are weak, do not assume housing is weak. To hear real estate giant redfin tell it, were over the worst of it. Hopefully, theyre right. And get this, Ceo Glenn Kelman says the Housing Market is done and has hit rock bottom. Say what . Stay here, because coast to coast starts now. Muck. If. Ashley welcome, everybody, im Ashley Webster in today for neil cavuto. Lets read it and weep. Interest rates continue to climb and climb and climb. However, the 0 year might be calming down just a little bit. Its still bouncing in and around the 15year highs at 4. 23 . And Mortgage Rates at better than 202year highs, above 20year highs, above
Project Coolidge Foundations centennial conference in honor of president Calvin Coolidge, were pleased to be cohosted with the library of congress and grateful to all of you who are here. Were going to get underway with our panels here in just one moment. But weve been how many other more than 100 students. Weve often been saying there are coolidge senators. And, of course, many of are coolidge senators. But were joined by a number of other student groups. I wanted to be sure that we recognize the first of our 1890 Society Members are part of the Honor Society of the coolidge program. We have maybe a dozen or more joining. So welcome to the 1890 society. From Ashland University, the Ashford Center is here with our ashford scholars. Were so pleased to have you here from ohio. Thank you. Weve had students from bases, d. C. High School Students here at our conference. Welcome to basis. And weve some archer fellows from the university of texas system joining us as well so welcome to our ar