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July 16, 2024
Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely dif...
July 16, 2024
The governor of texas warns of a massive outbreak. The imf adds to the gloom, further lowering its Growth Outlook, saying the pandemic will cause even more damage than first feared. Haidi that lead really playing into the downside we are expecting in the asian market session. Lets get it over to Sophie Kamaruddin in hong kong for a look at what we are expecting. Board, pulling up the asian futures pointing to losses of 1 or more amid the imf. Warnings of a deeper recession with japan and the Gro...
July 16, 2024
Of the sun and its setting. For the beauty of the earth and the glory of the skies, we give you praise. Today, make our lawmakers heirs of peace, demonstrating that they are your children as they strive to find Common Ground. May they take pleasure in doing your will, knowing that by so doing they are fulfilling your purposes in our world. Lord, you are never far from us but often we are far from you, so show us your ways and teach us your paths. We pray in your merciful name. Amen. The presidin...
June 30, 2024
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yel...
June 28, 2024
And welcome to power l lunch. Im melissa lee. Mixed picture on wall street with the nasdaq in the red by about a tenth of a percent. The dow adding 30 points. The s p up by three points itself. For the dow and the s p, this would be their fourth day in a row of gains. That has not happened since the month of february. Consumer staple hitting an alltime high on pace for its fourth straight day of gains. Monster beverage, campbell leading there and it has been a volatile day for the Home Builders ...
June 25, 2024
San francisco fed president John Williams says Monetary Policy needs to be reimagined to deal with a new normal. Shirt of the tubing Percent Inflation target be scrapped . Caroline should we look at the record highs we closed out in the United States, because we are seeing a little bit of risk aversion, money coming off the table when you look at european futures. Russia seems to be at a record high. Today, money coming out of the riskier equities, but there is m a action happening in germany. I...
June 21, 2024
And its been a while since we didnt have any the irs is going to become increasingly dysfunctional in terms of its basic mission. And my concern is not what do we collect with our own efforts, my concern is at some point the voluntary Tax Compliance system begins to erode. And thats not an on off switch. And you cant wake up one day and say, wow, i didnt know that was going to happen, heres some more money. So part of the reason im so serious about this is that people need to understand the five...
June 21, 2024
Work. That leaves us with enforcement Taxpayer Services and i. Tchl. So when you take a cut, weve done the best we can to try to balance that. And our appripriations come in those buktds, so to come extent, were constrained by where the proepuaters put the funding. We have probably 3,000 fewer people answering phone calls right now than we used to have to go along with the 5,000 fewer enforcement people and the 5,000 we put into Identity Theft, so were making a balances decision to try to figure...
June 21, 2024
The comment made earlier about how to that people come i you let every two vet people, you let everybody run command you take the top two vote getters. You can watch the remainder of this event online at www. Cspan. Org. Breaking news out of boston, a jury has reached a verdict in the federal Death Penalty trial of Boston Marathon bomber dzhokhar tsarnaev. The verdict is an mad is expected to be announced momentarily. Lawyers are gathering in court. We expect to hear comments from the lawyers la...
June 21, 2024
The men of the uss yorktown were on the front lines. They knew better than anyone in washington the sacrifice necessary to protect liberty. They did not talk about strength and courage. They lived it. They did not seek war but with a they were there when called to fight. I believe that the men and women protecting our liberty deserve leaders who are accountable to the american people. The crew of the uss yorktown understood that our freedom and prosperity must be defended against those who would...