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recession, potentially the markets tanking, that impacts our 401k's, potentially unemployment spiking. definitely there will be a pause on social security checks, pause on medicare payments, veterans benefits will be cut. we don't know if we will be able to pay our military. borrowing costs will go up, so student loans, mortgage rates, credit cards, zillow put out there that if mortgage rates top 8% housing costs are going to rise overall by 22%. i mean, these are things that people are going to feel every single day. the list probably goes on. but here is a real catch, because we have never defaulted, ever, we don't actually know the economic impacts will really be. and that's the scariest part about this, we can kind of anticipate what may happen, what will happen, but we really do not know, and that can be pretty terrifying for a lot of americans. >> yes, treasury secretary

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Detailed text transcripts for TV channel - MSNBC - 20180126:16:54:00

are the biggest hedge fund -- i would certainly agree a higher stock market is good for america, nobody would disagree with that, except someone out on the looney edge of the fringe. and these people who have defined pension plans, that's good for them. you're dealing with, if you're a municipal employee, some big companies may have them. most of americans are relying on their 401(k)s, and many americans below the median don't have a 401(k), they haven't signed up. >> why isn't gdp matching the extraordinary run we've seen on the stock market. we're halfway to 27,000, and we

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Detailed text transcripts for TV channel - FOXNEWS - 20180120:16:17:00

what do you think? >> well, he does deal with 90% of the coverage is negative according to pew research. that's an impediment, but we're seeing the numbers pick up in the battle ground states. we're always monitoring those states that we're going to be engaged in in 2018 to keep the majorities and especially with tax reform going through and people benefitting so much from bonuses and wage increases and additional moneys into their 401(k)'s, and then you see these great announcements from companies like apple, which is going to bring 20,000 new jobs to this country. people are feeling good where our country is and we think next november when people take stock, am i better off than two years ago, has president trump delivered on the things he ran on? they're going to say yes and return the majorities to him. neil: are you worried about the number of established republicans though, who are leaving the house and/or senate and they seem to be recruiting big names to run for those, and

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Detailed text transcripts for TV channel - MSNBC - 20171123:17:18:00

that whatever benefit would come from a tax cut is already baked into the stock market. it's mostly about the global economic recovery. so there may not be the downside that steve mnuchin has talked about if congress fails to pass tax reform. >> jared, let me ask you this. i never want to discount the stock market. as you know i've been a stock market reporter since the beginning of my career. i used to do a show from the floor of the new york stock exchange. i enjoy the stock market. i'm glad when people make money out of it. but i fully get because a person isn't invested in the stock market doesn't mean that there's no benefit to a rising stock market. so put into perspective for me as we continue and as this president continues to tout the stock market that about half of all americans own stock, most of them are not active holders of stock, it's through their 401(k)s, but in total about half of all americans own stock. how should everybody be thinking about a stock market that continues to go up? >> it's an important question for reasons i'll get into, but first of all while about half of

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Detailed text transcripts for TV channel - MSNBC - 20170724:19:41:00

themselves just before christmas moeshlel and financially devastated crying in a doctors office faced with yet another seemingly unpayable bill. when insurance wouldn't cover the at can i son's care, they emptied out mels sa's 401(k) to pay their bills. they're not going to be and they haven't been the first. there are many, many cases such as that. the 401 k's. the first rule of medicine is do no harm. but obamacare's lies have caused this and throughout the whole country families like this nothing but pain. earn and andy whit sick are small business owners from illinois. they have six children h. their youngest daughter poppy has a rare genetic condition. children born with it are sometimes called butterfly children because their skin is as fragile as the wings of a

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Detailed text transcripts for TV channel - MSNBC - 20161112:14:21:00

once trump won that uncertainty disappeared and that helped to boost markets. there's another thing going on is a bit more nuance, the markets think donald trump will infuse stimulation, and historically markets like that thing and it's a sugar high at least in the near term. >> that was my next question. this is great for our 401(k)s, but will it last? >> nobody can tell you what is going to happen to the market one day out much less one week out. no, this is not the sort of thing you would want to change your investment portfolio around at all, and i don't like to give retail price on the air. >> we will take your word on that. let's move on to trump's big 1 trillion. infrastructure program, and he hopes to give 140 billi$140 bil

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Detailed text transcripts for TV channel - FOXNEWS - 20140131:17:31:00

congress could tax it again. jenna: oh, that's interesting. and a question about income levels as well, who has the accessibility to it and who does not, how do you draw the line there. steve, do you have a piggybank at home? [laughter] >> well, you know, with 2% interest on bonds, you're almost better off. let people put money in stocks. the president talks about income inequality and only rich people making money on the stock market, let some of these people put money in stocks. jenna: a lot of people do that lu their 401(k)s, and they're not available to everyone in the country, so maybe that's one of the reasons behind this. steve, great to see you as always. >> okay, jenna lee. jon: the nation's debt is up 63% -- jenna: so you're saying we could use one of those. jon: and he's telling americans to save more, be more frugal. the big apple ready for the big game. rick leventhal is louvre on super bowl boulevard -- live on super bowl boulevard right down the block from us here in manhattan. >> reporter: jon, crowds getting thicker here on the

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Detailed text transcripts for TV channel - MSNBC - 20131107:08:07:00

and he brought new jersey back after sandy, how do you feel about that? >> it is very frustrating to me. it almost disgusts me in a sense, because of the fact that when he brags about all the people back in their houses, he neglects that the people broke the bank. they tapped into their 401(k)s, and retirement. they now have to work an additional 15 years to pay off the loans that bring them back into those houses. >> did the people on your block, the people that were really directly affected, do they feel the same way? is this a common feeling? >> yes, yes, my next door neighbors were weight lifted for the grants. they were not own preliminarily accepted. and they have a heartbreaking story just like my family. and they have a young daughter. and to be wait listed, for what reason? you say there is 15 million left over sandy funds that you can rebuild the system a second time, and you have people that are wait listed. why is that?

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Detailed text transcripts for TV channel - MSNBC - 20131107:04:07:00

it almost disgusts me in a sense, because of the fact that when he brags about all the people back in their houses, he neglects that the people broke the bank. they tapped into their 401(k)s, and retirement. they now have to work an additional 15 years to pay off the loans that bring them back into those houses. >> did the people on your block, the people that were really directly affected, do they feel the same way? is this a common feeling? >> yes, yes, my next door neighbors were weight lifted for the grants. they were not own preliminarily accepted. and they have a heartbreaking story just like my family. and they have a young daughter. and to be wait listed, for what reason? you say there is 15 million left over sandy funds that you can rebuild the system a second

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Detailed text transcripts for TV channel - FOXNEWS - 20130805:15:36:00

401k's took a hit, the markets took a dive and you might have seen this cover of "time" magazine that showed george washington with a black eye and the title, the great american downgrade. that picture says a lot. back then the debt ceiling showdown sparked the panic and that issue has returned to the forefront as republicans and democrats spar over the country's spending limit. other questions loom in the new mbz and some economists are now asking if they are the best indicators, those numbers, for whether or not our economy is okay. author of "unintended consequences, why everything you've been told about the economy is wrong." we're wondering, are these numbers that we traditionally look at to make us feel about the economy, are they fairly accurate? >> i think the unemployment number is higher than it appears to be because the participation rate has dropped off so dramatically and there's a pretty big chunk of part-time employment so i think those

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