Its nearly 4 s p above 2500 thats a loss of 3. 5 . Thats the same loss for the nasdaq theres the russell 2000 which has been a big winner down by more than 4 i want to begin with breaking news regarding General Motors. A significant story is developing as we are learning that new york deaths have topped 500 and the tremendous need that the governor of the state of new york has said remains four ventilators. The president tweeting just moments ago about General Motors a couple of tweets i want to give you some of my own reporting. He says, quote, as usual with this General Motors things never seem to work out they said they were going to give us 40,000 much needed ventilators. Now they are saying it will only be 6,000 in late april they want top dollar always a mess with mary b. Thats mary barr invoke p that means the defense production act he goes onto say General Motors Must Immediately open their stupid ll lly abandoned plant io and start making vent lae iningw ford get going on vent
Ruiz. Nationwide the country has reported more than 100 deaths in a single day, and pushing the total infected 42,000. Lawmakers in washington are at a stalemate over a third economic aid package, this one with a price tag of 2 trillion or more. This is your opportunity to tell decisionmakers how this is impacting your community. Small business owners, 202 7488000. Medical professionals, 202 7488001. Ll others, 202 7488002 send us a text with your first name and city and state at 202 7488003. Twitter orents on facebook. Com cspan. Joining us on the phone is mike lewis for the hill to talk about what is happening in the senate. Lets begin with the negotiations in the Upper Chamber yesterday. Where did they leave things . Guest good morning. It was a long day yesterday. They left with no deal around midnight. They are very close. We dont know quite what that means because they have been saying that for the better part of the last four days. It is a wait and see moment. The treasury secre
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
Government funding deadline. The House Majority leader steny hoyer in a letter to his colleagues announcing plans to take up a continuing resolution through the week of september 16. Do you see any issues with congress not being able to fund the federal government this year . I am not worried about the governor as a government shutdown. I am a little bit worried about a shutdown in december or beyond. Reprising the 35 day shutdown we saw. It will probably pass easily. There may be an attempt in the senate to pass the defense bill. Theres interest to get that out of the way and democrats are telling me they dont want to let that go and be left with a threat that the domestic spending world would not get addressed. Probably into early november or late november or early december at which point we will see a larger battle. In recent weeks we found out the pentagon has finalized its list of military project to fund trumps border wall. Thats sure to be an issue. The military construction bil