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Risk rioting from is just something the market is ignoring right now, which is absolutely amazing. Cominge the headline through, mayor de blasio talking about the curfew for the rest of the week. Alix yeah and today is starts at 8 00 p. M. So in a businesses that are open to provide food, that is now off the table. It also may delay recovery in some states, all of this having an impact on the overall economy. We saw as a noble laureate spoke on the ship of recovery. The pattern we are going to see and are already seeing because the economies in various ways are going through this, is a very sharp drop on then it kind of bottom flat. Where thee period virus is brought back under control. It starts to look like a u. It difficult to argue that we will have a vshaped recovery. The closest anybody has come to it is china and it does not look like a v to me. Alix mark mobius, Mobius Capital Partners cofounder joins us. What are ....
Money, your life, your future. Now, becky quick what would you do with an extra 500 a month we began with a plan that would give that money to working families his proposal would help close the income gap between wealthy americans and those who are struggling to make ends meet guaranteed paycheck. In 2004, a group of Harvard Students launched a new social media site that they called at the time the facebook. Along with Mark Zuckerberg was chris hughes he worked there three years before leaving and in 2012, facebook went public raising 104 billion. Chris hughes earned 500 million. Now incredibly wealthy himself, he wants to help americans who are struggling the income gap between the top 1 and the bottom 50 continues to climb at the end of 2017, the Federal Reserve found that the top 1 of americans hold 39 of the coun ....
In the kudlow report beginning right now. Good evening. Im larry kudlow. This is the kudlow report. Ku we are live here, 7 00 p. M. Eastern, 4 00 p. M. Pacific. All right, in her First Press Conference as fed chair, janet yellen sounded more hawkish than expected. Proud of her. B reporter larry, stocks traded lower and stayed lower. The dow ended down a little more thanit 100 points though at one point it was down more than 200 points. Traders cited several reasonspo for d todays selloff. First, during her press conference, her first one, fed chair woman janet yellen said six monthsle is shorter than so expected. Shortterm bonde yields, particularly yitwo, three and fiveyear notes jumped notably on that comment. Sectors like yu tilties and emerging markets were the biggester decliners. It also confused the trade attorney General Community somehow. The fed lowered t ....
Dow gaining 40 points, s p climbing. 29 , nasdaq. 20. Companies that make heavy equipment, companies that help make planes or cars or homes just keep winning over investors hearts. As we play in this vacuum thats virtually devoid of earnings reports, how thick is this love . Not long ago, i predicted that caterpillar after a serious spell of poor performance could become adored. Adored beyond all reason as the economy improves. It seems so natural given that united rental, a company we had several times and said its heavy machinery customers are as bullish as theyve ever seen them. Its reasonable to think theres a big uptick coming in construction spending. Maybe from the boom in oil and gas and nonresidential building. Its no surprise when the once despised now acclaimed caterpillar, big dow stock smashed through 100 like a hot knife through butter. It is the leader of 2014 that i follow. Companies that melt iron and bend steel are acting the way the biotechs acted not long ago and a ....
Plus another casualty from nsa wire tapping. Brazil is now snubbing us and cancelling a visit. So much for the u. S. Being more respected in the world. All those stories and much more coming up in kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We know Larry Summers is out but we do not know who the the new fed chairman will be. Tomorrow well get the policy decision and a very important ben bernanke news conference. It we please go back to a rulesbased Monetary Policy . We have seen more catastrophic tinkering, mettling in the last dozen years than we had in the whole of the 19th century and that is when there was no fed and the dollar was as good as gold. I was there. Rules are more important than egocentricfed rock stars. Lets bring in our guests. John, you were there in the 19th century. Who do you think should succeed ....