congressional leaders back to the white house with the days to get a deal done simply running out. will either side budge before default? that economists say could be a catastrophe. so word is republican governor ron desantis is now just days away from declaring his 2024 run for president, but the new fury he is facing in florida, all this now on cnn news central. we have new there are new details coming out this morning on the terrifying random shootings in farmington, new mexico. this happened yesterday afternoon and now three people are dead and six others are wounded. police are calling the shooting purely random. the gunman has not been identified but police do say he was 18 years old and he was killed by police once they arrived on the scene. cnn s natasha chen is following this for us, she s joining us now. natasha, the randomness of this is what is so scary. what more are you learning? reporter: the police chief posted a video to facebook last night talkin
Using a stock tool that says, yes. Me list yashgs after sulissa go out on a shopping spree. But if you choose wisely, there could be some money to be made. Now using a quantitative tool looks at market action. We looked at past occurrences when the retail etf has fallen 7 or more within one month as it just has. That has happened 12 times since 2009. Now no clear signal for the xrt itself about half the time it continues to lose ground. But we did find some good individual stocks. Now as for macys, nordstrom and jcpenney, they only post rebound gains of 67 of the time. But when they do rebound, theyre good for 2 and 3 average returns sprerespectivel. There are special i dty and dist names. The names are more reliable bouncing back one week after the xrt loses p 7 or more within one month. So look for names like tjx and ross stores. Head over to cnbc pro for more on other parts of the Consumer Sector that tend to bounce back. All right. Thank you for the data dive. Lets get to bob pisan
Geopolitical events, and i wanted to hear a bit more about the impact of politics here in the United States. This is an election year. What effect, what impact that will have on the economy . Because there was quite a lot of economics in the presentation. I understood most of it but, i mean, part of it not most of it. Im not an economist. But i wanted to understand the impact of the politics on the economy. So im now in my fifth year. Im one day, frankly, into my fifth day at the fed. So this will be my third election cycle and i can say that politics plays absolutely no role whatsoever in our deliberations or in our decision. So we you know, the focus inside the fed is very much not partisan politics or elections. Its very much economic fundamentals, so it can be very jarring to emerge from the fed and talk to people who think of politics think of economics in political terms, which i referred to earlier. Honestly, it has no effect. You know, we announced a quantitative use program in
Senator mccain speaks at the National Press club in washington d. C. For the about 45 minutes. Senator john mccain, you know all about him. Just going to tell you just a little bit. Served in the u. S. Navy from 1954 to 1981. He was elected to the u. S. House of representatives from arizona in 1982. And the senate in 1986. He was the republican president ial candidate in 2008. He is now serving his fifth term in the senate. And Myron Belkind over here is our 107th president of the National Press club. He has had a 42year career with the Associated Press and he has covered many world leaders. Myron received his ba in 1961 from Ohio State University and an ms with high honors in 62 from Columbia University graduate school of journalism where he won a pulitzer traveling fellowship. When he retired in 2004 myron joined the National Press club and was asked to assume leadership of the International Correspondents committee. He worked to expand the Clubs International activities and also att
I think its completely crazy were doing substantive work on the 17th of december. I cant imagine were holding real conferences here right the week before christmas, but we are, but thats because theres so much to talk about, and im so glad to have you all come. Thank you, thank you all for being here. My name is john hamre, im the president at csis. I wanted to say special thanks to Julio Friedmann who is a friend. We have known each other for many years. Hes fortunately in town serving in government more directly. Hes a government guy, hes out at Lawrence Livermore labs but were so pleased he can be here leading at a crucial time when we need to be thinking through a lot of important issues. For a very strange reason, recently i have been doing some personal reading on the history of philosophy, and i was recently reading about Thomas Robert maltous, a british cleric who in the early 18th century who was a very provocative philosopher because he had very dark views about the future of