What does the Dow's 40,000-point milestone say about the economy?
Вставка
- Опубліковано 15 тра 2024
- The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
#news #economy #wallstreet
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News UA-cam channel: / cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on X: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
Dow is high under a Republican; "economy is great!" ~MAGAt. Dow is high under a Democrat; "Dow is not a measurement of the economy!" ~MAGAt
The left did the same thing when trump was president...hell even Biden is on video multiple times saying the same thing.
The numbers don't lie but liars use numbers 🤓 🖕
@@firstlast8258 that's rich considering how, in 2020, shit45s bragged about the spx500 when its value increased by abnormal percentages, completely ignoring how the day earlier its value had dropped massively...🖕🏻🤓
Republicans were praising Trump when it crossed a high of 23,000. Now they say it doesn't matter now that it's 40,000. Switch parties and Republicans would cheer too, it's completely political.
Wall Street is no indication of economy. It is an indicator that wall street is making or losing money.
You think investors don't factor in the macroeconomic environment into share price? You don't know the first thing about investing, be honest with yourself.
It says that record profits for companies are rising, but the profits are not being used to benefit the workers based on their productivity or merrit of their labors but rather on stock buybacks to benifit only the sharholders. Says something like that
Record low stretch of unemployment, large wage gains for lower class, workers are doing just fine.
That really was a great montage, damn lol
My portfolio is looking sweet 🎉🎉
Impressive insight
Since 2008 Wall Street keeps all the gains for itself. People in general be damned.
mean the inflation is real. Money became worthless
The weighting of the Dow makes no sense. Share-price weighting has zero logic, Market-cap weighting has some logic, and equal-weighting has most logic.
This means that we have the biggest bubble in US history.
The Fed need to raise more rates!😂
All this says is 'the top 0.1% will be eating more Foie Gras this month and the rest of us can go Duck (duck goose) ourselves'.
I may not be willing to eat The Rich, but I can help set the table, and I wash a mean dish:)
Runaway capitalism
when the market crashes will you also give it the same hype
Remember the stock market is not main street inflation, gas prices, high unemploynent also investor like Warren Buffett and Bill Gates have tooken cash off the table let invest cautious but place a little money in some cash, CD, US Savings. Bonds, and precious metals Gold, Silver diversify...
It means that it has been adjusted for inflation. No difference really.