There's the closing bell on Wall Street and now it is market domination over time, sponsored by Tasty trade.Today, we've got the dow trading higher by 260 points at 6/10 of 1%.Yes, it looks that way up about a half a percent over the past few days here and on the day, up about 4/10 of 1% in the NASDAQ, up 6/10 of 1% as we talked about jobless claims coming in lower than estimated.
Once again, it wasn't this way yesterday, but showing the broadening of the rally we have been watching here if we look at the groups that are on the move here today, we talked about China stimulus, also giving a boost to some groups including materials. That's interesting to have it Sebastian because obviously listen, it's been a big theme this week is Beijing moving in and with rapid fire actions and measures.Is that, is that the right kind of medicine for the problem?Look, it's definitely positive and you've seen markets react, but you're in a middle of a big structural change with investing in China and it might not be enough to turn it on a dime, right?OK.
And we've done this even though we've had, uh, some presidents out of our, uh, 46 presidents that we've had. So the problem with it, as you point out is that being that, that the, the president United States having the highest calling uh making you want to be the president United States doesn't mean you're going to be successful or happy.
Uh I'd say today the presidency is in reasonably good shape in the sense that um it's a respected job. I mean, he changed a lot of his chiefs of staff, for example, he had four chiefs of staff in four years.And I know this is something you've talked about how we get the caliber of people like Thomas Jefferson, for example, uh back into government.
And we should, in my view, I try to find people who just don't care about politics as the reason they go into government, people that care about the country.About two years ago.You're right on. You, usually when you go down and start, uh, reducing them, you do produce what's called a hard landing or, or recession right now, there are some people predicting a recession.We don't see any evidence of a recession in the near future.So that sounds like a really good backdrop.Um, I, I would say, uh, for those who haven't paid attention to it, we had very large tax cuts for corporations and for individuals who are wealthy under President Trump, they expire, uh, next year.
It'll be paid off over many, many, many years with devalued dollars and the dollars will be devalued in part because they won't be seen as being as worth as much as they are today. And uh if the Republicans elected president, I'd be very surprised if she stays if a democrat's elected Kamala Harris, uh I can't say what's going to happen, but she is controversial and I do think there's the concern that the business committee has.
The reason that the NFL is allowing NFL and allowing private equity firms to invest for the first time in teams up to 10% of each team is that there are very few people anymore who can pay the prices or the values of these teams. And it's expected the NFL much bigger payday when it enters into a contract with its various networks over the next year or so.You know, you served in the Carter Administration, we didn't mention that you co founded Carlisle, you've written a bunch of books, you host your own TV show.
Costco earnings just crossing shares down a little bit on a mixed report here on the one hand, the company's earnings per share beat estimates at $5.29 507 was the estimate total revenue here, $79.7 billion. So Michael says, if that's what they're doing, Costco would look to be a good beneficiary of those trends.
While core P ce holds set at 0.2% new numbers will be one of the first since the fed's historic 50 basis point cut last week. The storm currently tracking toward the Florida Panhandle that'll do it for today's market domination over time.
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