What's Up On Wall Street - Steven Russolillo, WSJ
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Jonathan Cheng, WSJJonathan Cheng, WSJ
point to -- Is this part of what's being orchestrated by the Federal Reserve you know we've had 0% interest rates now going on five years. Is it finally is is what's happening here I've seen it 88 and where people say youIt raises you know pushes up the S&P 500 pushes up the Dow Jones Industrial Average . What you and I look at our for a one case we feel more confident we spend more money and that creates a virtuous cycle. That's the hope and it -- the wealth effect and some people say it's been five years we haven't really seen the effects but you could argue that we are starting just yet in the housing market -- starting this Viet. You know with hiring a little bit. But. We don't have a lot of -- There's a school of thought though Jonathan that the Federal Reserve shouldn't be acting in that capacity in terms of what you -- there. It -- when I drop and I studied the -
Caroline Ratcliffe, senior fellow at the Urban Institute
Caroline Ratcliffe, senior fellow at the Urban Institute
and 2000 and African American family thought their -- I about a Eric Anderson in comparison to white Stanley who -- that there was well all out by -- and. Widely again widely disparate deal because -
Warren Mosler discusses Deflation
Warren Mosler discusses Deflation
Would do what is your analysis tell you we will see for oil prices between now and the end of the year. Does that are we gonna decline and it that's an attack brake force. Itchief economist -- -- is it if it's daunting. To consider that oil prices are sat by like a handful people. It really isn't he didn't say it with such calm and ten cent certainty I -
What's Up On Wall Street - Deb Borchardt, The Street
What's Up On Wall Street - Deb Borchardt, The Street
is the big. And had a -- -- medical medicinal Canada for cancer patients And I if you watched Showtime's weeds. At the end of the reason they had that whole like legal marijuana for cancer patients and minds of. If she got a John and I do remember that. In fact. Play us out there at the company coming out this week and they have a product and they are expected to start to turn a profit. They have not. -- making money inspected and losing millions that there are expected to make a profit and they. Most of their drugs or pain drugs for cancer patients which act McConnell just did is that still good thing yeah but I think that Allen has really becoming interesting. He irreversible felony. It is going to give BI and asked why. And that's why I like it seek him Harris she's ready now went down play -- -- kind of IE yeah now I it's not a it's not a big deal at 68 million but I just being well liked -- that I'll I'd like to these stories of drug companies that help. Cancer patients and I like pat. You know they are expected to start to turn a profit and then and then not part of
Automatically Generated Transcript (may not be 100% accurate)
All right well we are joined by Stephen Russell from the Wall Street Journal Stephen good morning welcome to the show. Hey thank god Travis. So Stephen what do you hear about this big lawsuit victory by apple over Samsung it looks to be devastating. Both Samsung and Google stock price. Yet you know if -- you talk about themselves especially. That's stock had about a phone. Twelve billion dollars in market -- just wiped away in overnight trading. Overseas and so clearly -- this is just a huge huge victory for apple. Apple's stock is up more than 2% right now and it's -- hitting yet again another all time crying. I was pushing up against 680 I think it's -- that's just a little bit the last few minutes but. Although obviously a big victory got crap on has sweeping implications across the wireless industry and I think that. You're seeing now within Google and I think the big question now as you know what is going to be next if they're going to eat more litigation in there they're gonna be more lawsuits when it comes this subject. And I think that -- You know I think there's still going to be more -- to come from and -- have you know -- issue with this is certainly not. That's advantage which imagination but right now it does seem like this. But sweeping victories here trap. It strikes me that this might be bad for consumers though because he hear you might have. You know companies that are resistant to bringing out new technology because they're worried that Apple's gonna sue them you know -- do you and I might suffer it we might have to pay much more for our iPhone statement too because Apple's gonna have a lot better pricing power. Yes I think it's a great plan in the dominant get more dominant right I think that's that the big worry right now and so. Security right I don't know -- -- -- so we'll see these sort of changes. Tomorrow but definitely I think that's one of the big worries over the long run is that you know. Will companies be less likely as soon as you said to really come out with a new have taken the very. Maybe you worried about you know what sort of future they may have an effect if they're gonna have to play apple of -- -- what about though. You know clearly it's just the various. A great victory for apple here what -- you know one billion dollar victim that's and its sister astounding so I think it that even surprised. A lot of the experts out there that apple -- so handedly the best. Yeah they sure did and he gives a more work just to continue litigation which -- what do you hear about the stock market for the next couple months anywhere. We -- we are really now going to be in the heat of the battle. Of the century the the polls seem to be like a dead heat now -- Romney's actually leading in the whole pulls a little bit but. Com or it would it would should we expect further stock market's performance between now and the election in November. Yeah I think things you're gonna get very interesting from here it's funny we if we actually just had a story in the paper today. Talking with a confident headline was calm markets led traders unplugged very changed and so we're talking about how trading volume is way down this summer. Under the bottom volatility is weighed down it's just been one of those typical bombers the markets. When one arguing that it we haven't seen here since prior to the financial crisis so. But no we're shifting into election election season has really ramping up you have -- The Fed Chairman Ben Bernanke is going to be giving his speech and at a conference in Jackson Hole up then yeah by the end of this week I haven't PP meaning there are a lot of this has a lot of different. -- Issues in -- thinking going on here that are going to sway the markets one way or the other. You know obviously it's hard to predict you know how things are going to play out but I think. Especially as summer comes to an end -- I think you're going to see trading volume pick up at least a little bit. As more more people come back to worked. And I think it would come election -- the markets typically performed well during election season an assistant historically what the trend has been the. I'm especially paradigm presidential elections and so. I'm hard to say right now which candidate would be. Quote unquote -- -- better for the stock market. But I think that you know there's a lot of people that are. People that are -- -- Pro Romney are hoping that. That may be a good sign for the stock market but again you look at how market perform during the Obama's tenure. -- they did quite well now -- that they they can be skewed one way or the other obviously is coming off the big crash of 08. But still though it it is definitely difficult to be an interesting time. And considering how old calm the markets had been for a few months now I don't think a lot of people are expecting that to continue anytime soon. All right well thank you very much for your time Stephen we do appreciate it. -- thank you Stephen Russell Wall Street Journal joining us today on the financial exchange and.
