Page 32 - Garyb Smith News Today

Asking gary, should i be worried? gary is giving me investment advice. say im at home i trust other people, the economic experts like gary to do my investing and im thinking to myself though this is not good, this is, you know, last week we were told if you get a debt ceiling deal, its going to stabilize everything. it will reassure investors. investor confidence will return. and this week has just been terrible. dr. morecci, should i be scared. >> you certainly should be worried there is a big ...

So slightly to 9.1%. and that means about 14 million americans are out of work. here is how president obama characterized the situation. >> while this marks the 17th month in a row, of job growth in the private sector, nearly 2.5 million new private sector jobs in all, we have to create more jobs than that each month to make um for the more than 8 million jobs that the recession claimed. >> juan: joining us now from washington dr. peter moressi economist. and gary b. smith. let me start with you...

Thats more potential bad news that would create additional chaos for the market. now, am i out of my mind? am i like chicken little running around here, gary? or are you more comfortable? >> i think im a little bit more comfortable, juan. lets go through some of the things that you said. about the downgrade, i dont think the s&p is going to downgrade this week. moodys has already come out and they have affirmed or said they are not going to downgrade. i dont think s&p wants to be out there all a...

Of years where unemployment continues to rise and the stock market recovers and does very nicely. i agree this is a good buy time in the stock market. a lot of stuff is under valued. but what we had this week was panic over the lack of leadership on jobs creation and washington. todays numbers were not very good at all. its just that the last couple of months were lower than a snakes belly. so now we are up on its back. >> juan: right, but the fact is we did have good news unemployment rate down...

Latest updates on this topic.

Latest updates on this topic.

Things called the crack spreads and profits they make, oil they turn into gasoline. if you look at the crack spread the refiners have been losing money and margins going. >> whoa, whoa, ston right now, stop right now. >> the crack spread as you so accurately point out refiner margin is the highest its ever been. >> 26 a barrel. ive been doing this 23 years, never been higher ever. >> noft only that, if you look at gasoline prices when you buy the oil at $110, its going to take it up to 6, to 8 w...

What youre going to hurt is the price of the aircraft and the consumer will offset wages. >> theyll buy a-320, an airbus, because theyre-- when you look the at the costs going up on a piece by piece basis, they are very competitive with boeing because of the ultra high wages. >> the issue is not just boeing so we dont just have to argue boeing. the idea is many more companies could get picked in the same way, and going to states where-- >> and go ahead. >> the workers should be be health account...

Latest updates on this topic.

Hi everyone, im brenda buttner, this is bulls and bears. lets get right down to it. and here they are, the bulls and bears this week. gary b smith, chris cotter, bob along with democratic steve murphy. bob, it started in wisconsin. today its nationwide. what is at stake here? >> well, it could be an economic nightmare. i mean, this is so catastrophic, and because this is so unlike whats going on, for example, in the the national football league, they have billions and billions of dollars, fighti...