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Spirits were high and loud Thursday morning inside the Apache Room but not from the Tyler Junior College (TJC) students. Nearly 300 Junior Achievement (JA) students - who are also
and that was ronald reagan's genius. he was able to link economic faith with faith in america. donaldson: no sitting president had ever visited the new york stock exchange before, but it seems safe to say that no recent president would've beaten mr. reagan for the honor if a vote had been taken among the floor traders. they gave him round after round of cheer. we're going to turn the bull loose. auletta: the whole world from reagan's white house on was basically saying wall street is the engine of our economy. it represents growth, it represents opportunity, it represents the american dream. and so these guys were basically saying "we're gonna go do it." brokaw: this is the big draw on wall street -- the smell of money. this is where the action is. this is the over-the-counter trading floor of shearson/lehman. more than 17,000 daily transactions involving millions of shares and millions of dollars made and lost here every day. and it's a game for young people. when you get home at the end of the week and you look back on what you've done sitting in this desk, what gives you a sense of satisfaction?
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world started pouring their own money into it and that is in large part what drove prices higher. >> the ronald reagan motorcade on wall street, to the new york stock exchange. >> in the last five years we have moved from la's hope, confidence, and opportunity. the value in shares traded hitting record highs and more americans than ever before participating in the market. it is a bull market. >> when reagan shows up at the stock exchange and the yell, "ronnie," that's the way of thing america is back. he was able to link economic faith with faith in america. >> no president had visited the stock a change before and no recent president would have been reagan for the honor if a vote was taken among floor traders. they gave him round after round of cheer. >> we will turn the ball loose. >> the whole world, from
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exchange before. it seems safe to say no recent president would have beaten mr. reagan for the honor if a vote had been taken among the floor traders. they gave him round after round of cheers. >> we're going to turn the bull loose. >> the whole world, from reagan's white house on, was basically saying wall street is the engine of our economy. it represents growth. it represents opportunity. it represents the american dream. so these guys were basically saying, we're going to go do it. >> this is the big draw on wall street, the smell of money. >> this is where the action is. this is the over the counter trading. more than 17,000 daily transactions involving millions of shares and millions of dollars, made and lost here every day. and it's a game for young people. when you get home at the end of the week and you look back at what you've done, what gives you a sense of satisfaction? >> i guess making a lot of money. >> for yourself? >> myself and for the firm.
the global economy, that means we're more likely to get a rate cut and keep the equities propped up. you can expect volatility as long as we have there wishy washy back and forth between whether we have trade talks or not. >> neil: jackie, you report on the pace of earnings. we're almost through the second quarter cycle here. there's going to be mildly positive but not contracting, which some had feared. a slow down from where we were. how are they factors that in where you are? >> well, floor traders were impressed with earnings. it's been a good earnings season. that's important that brings us back to the fundamentals of companies and how they're doing. no, it wasn't gang busters in terms of the percentages but it wasn't bad either. where the china story comes back in, the next quarter. we didn't hear commentary about china, companies being worried about it or seeing an impact.
ahead by the way as there are warning primes indicating the economy could be a downturn and the stock market a pullback or price to ten percent let me at the floor traders did look back today to this day in two thousand and one back to nine eleven and so i think i'm twenty in the morning there so if the minutes are fine and to honor the victims and their family i think that's ok i'm glad to mention the consumers there as well as the corporations because i bet there are a lot of mortgage holders who will be in for nothing surprised if those interest rates suddenly bump up they can start to. think germany thought it was the asian a.b.c. is planning to bring fox fogging to call it it wants compensation for two million owners of diesels that aren't as environmentally friendly as the company claimed the news came a day after the opening of a test case brought by institutional investors seeking compensation for losses in v.w. share price in the days after the emissions cheating scandal broke during proceedings
the new york stock exchange. >> in the last five years, we've moved from malaise, to hope, confidence, and opportunity. the volume of shares traded hitting record highs, and more americans than ever before participating in the market. we're bullish on the american economy. [ cheers and applause ] >> when reagan shows up at the stock exchange, yelling "ronnie, ronnie," is a way of saying america's back. that was ronald reagan's genius. he was able to link economic faith to faith in america. >> no sitting president had ever visited the new york stock exchange before. it seems safe to say no recent president would have beaten mr. reagan for the honor had a vote been taken on the floor traders. they gave him round after round of cheers. >> we're going to turn the bull loose. >> the whole world, from reagan's white house on, was basically saying wall street is the engine of our economy. it represents growth. it represents opportunity. it represents the american dream. so these guys were basically