Tishsussman. Ashley, the union backed protests, just a way to bump up their membership, not peoples pay . The unions do not care at all about increasing the minimum wage for workers. They tried to make this look like an organic effort when really over the past two years the seiu funneled over 50 million into nonprofit groups to make it look like its organic done by the workers. If you saw some of the protests, y paid money by the unions to stand out there. They werent actual fast food workers and thats the real issue that you wachbt tont to debate. Why this issue is going on when workers arent the ones really advocating for it. Gary, why do you think this is . Tens of millions of dollars a Huge Campaign and most Union Workers dont make minimum wage. Exactly, brenda. Its very clever actually on the part of unions. Theyre looking altruistic but what theyre really doing is looking out for their Union Members. As you point out, most Union Members arent paid the minimum wage. They actually
The desperate search for shoppers is on. Hoping to reel in buyers and confiden Consumer Confidence at a low. Does that mean that the economy is already scrooged . Hi, everyone, im he brenna buttner, this is bulls and bears, and weve got gary b smith, tobin smith. Jonas max ferris and susan and larry. Okay, larry, no deal on taxes and debt scrooging holiday sales and the economy . Thats right, brenda, you know, i dont want to be the grinch here, but in a word we are scrooged. The grinch very, very optimistic expectations and an outlook for retail sales that was very rosie and those optimistic expectations have faded as weve gotten closer and closer to the end of the year with no fiscal cliff deal in sight. And as a result, Consumer Sentiment is falling off a cliff, just like the fiscal cliff were going to fall off so weve got a problem on our hands and couldnt happen at a worse time and today, super saturday, the second busiest day of the year. Brenda well, a lot of retailers are saving
The desperate search for shoppers is on. Hoping to reel in buyers and confiden Consumer Confidence at a low. Does that mean that the economy is already scrooged . Hi, everyone, im he brenna buttner, this is bulls and bears, and weve got gary b smith, tobin smith. Jonas max ferris and susan and larry. Okay, larry, no deal on taxes and debt scrooging holiday sales and the economy . Thats right, brenda, you know, i dont want to be the grinch here, but in a word we are scrooged. The grinch very, very optimistic expectations and an outlook for retail sales that was very rosie and those optimistic expectations have faded as weve gotten closer and closer tthe end of the year with no fiscal cliff deal in sight. And as a result, Consumer Sentiment is falling off a cliff, just like the fiscal cliff were going to fall off so weve got a problem on our hands and couldnt happen at a worse time and today, super saturday, the second busiest day of the year. Brenda well, a lot of retailers are saving t
Its april jobs report. Lets bring in our very own Charlie Gasparino and Veronica Dagher of the wall street journal well whip through a bunch of topics. Start with the jobless numbers. When do you expect for tomorrow . Market is nervous, down 47 points. What do you want . Well see where the job numbers end up. If they are better than expected, people will be looking at the fed, saying what does this mean down the road for your Interest Rate policy . Are we going to see tightening sooner . I also think that the gdp number was terrible yesterday. Anybody who is trying to make a good case for the government, april is better. April is better. The jobs number has to be better in order for that to be true. I dont predict things based on any sort of prior numbers. It is very hard to game the unemployment numbers. Right. People have been wrong about this a lot. I think what is pretty clear ask that this is very slow moving economic recovery. This may be the slowest ever. Not only, that the fed
Gary b. Smith. Tracy burns. John nas max ferris. Along with bernard whitn. Will pushing the minimum to the max push out jobs just as theyre coming back . Yes, absolutely, this is the wrong thing to do in an economy thats showing some signeds of recovery. Remember, theyre targeting the wrong people. This is a great union and democratic slogan to say, look at the ceo, how much hes making. You cant raise the minimum wage to 15 an hour . Take mcdonalds nor example. They will tell you, they dont set the wages for the local franchises. These are your moms and pops. These are your neighbors out there. They cant afford they dont have huge margins to raise the wages to 15 an hour. Remember, if you want to help poverty this isnt the way to do it. The earned income tax cret does it. Take this out of politics. Take this out of unions. Remember, 67 of people that make minimum wage work part time. 53,000 a year is what the average person who makes a minimum wage, that household, makes. This does not