Those that would say we wouldnt break 25,000 by the end of the eighth year and were in the 11th month. We did in fact break 25,000, very substantially break it very easily, so i guess our new number is 30,000 but what it means is every time you see that number go up on wall street it means jobs mean success it means 401 k that is flourishing. Charles and ive got to tell you something this trump economy just keeps chucking along. Manufacturing is soaring, food stamp enrollment plummeting. December retail sales rocking Companies Giving bonuses thanks to the new gop tax law the big question of course whats instore for 2018 and here is numbers write these down. 30,000, 4 , and 3. 5 . The dow Unemployment Rate and no , the gdp and Unemployment Rate i want to bring in Katrina Pierson America First policy spokesperson and former Trump Campaign national spokeswoman. Katrina, just absolutely phenomenal numbers it is so mind boggling to me that the Mainstream Media continues to ignore the data.
The main thing once we realize were not going to get full repeal people needed relief from premiums. They said ten years. We have got provisions in their is going to repeal some of the mandates and the cost of healthcare. They are concerned about their constituents just like the rest of us. And they wanted to make sure we are all in agreemenwere not going to take out the preexisting condition language. We are all in agreement on that. I support 50 and younger. And not pain into it. What skews the ability. In a bunch of older folks. How can you stop the premiums from going up. I thought it was at the heart of your problems with this. We are not overlooking. Thats one of the things that has come in. One of the amendments that has been added actually well had high risk pools. The high risk pools mean in other and other states have done it effectively. Like the car insurance. It pulls out the high risk folks. They drive up the cost dramatically. But then it brings down the cost for everybo
Fell 3 . Gold was unchanged. Oil sold off more than 2 dollars. Regulators are set to fine j. P. Morgan 700 Million Dollars over the london whale trading loss last year. Triple aaa reports. The nation has gone 1,000 days of gas prices above 3. 00 per gallon. And at our last check 13 people are dead following yestrdays shooting spree in dc. Glen schultz of Performance Trust joins us on the show now and glenn has the bond market priced in fed tapering . Absolutely, the bond market is priced in fed tapering. I think in the might of the bond market, tapering is all but certain. So the question really becomes how much or what degree does tapering will occur . Right now people are probably pricing in something between a 15 to 20 billion reduction in the feds purchase program. Right now, the Federal Reserve is purchasing about 80 billion a month in assets. So were really looking at Something Like a 25 reduction in the tapering program in terms of volume. So we will see what the said that the s
Vaulting. 57 . Nasdaq declined. Apple declined. Therefore, its taken the nasdaq down. Was Larry Summers that horrendous for stocks . Could he actually matter that much . No, but he sure is a catalyst. Let me give you the setup and the reasons why the market loved the fact that Larry Summers is absolutely not going to be the next Federal Reserve chair. The only thing that stands in the way of higher stock prices here is, washington. The war between the president and republicans drains everyone. Business gets crushed in the crossfire every time there is a player partnership. Today when the president spoke, he admitted the economy took a real hit two years ago during the debt downgrade wrangling. We know the fiscal cliff discussion put business square on its back. We saw a return to good growth and then the sequester stalled the economy again. This linkage is amazing, and it is so abysmal that we all know we have to sell when the president and congress are at loggerheads. Thats just what
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point