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Houston's Morning News 5-8am with Jimmy Barrett & Shara Fryer

Houston's Morning News 5-8am with Jimmy Barrett & Shara Fryer
Nov 29, 2018 · 2h 12m 57s

Jimmy Barrett and Nikki Courtney in for Shara Fryer take you through the stories that matter on the morning of 11/29/2018, including: In a span of a few weeks in...

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Jimmy Barrett and Nikki Courtney in for Shara Fryer take you through the stories that matter on the morning of 11/29/2018, including: In a span of a few weeks in 2000 the Tech sector came crashing down, hard. From the peak in the NASDAQ in the middle of March 2000 to the low in December 2000 the sector lost 50% in a brutal selloff. While it might be laughable to call for a correction of the same magnitude today, a few grey souls in the Tech industry who were around in 2000 and lost 80% of their net worth on paper have the following advice: don’t be greedy and take some gains off the table. Economic Data: On the macro front, the similarities are striking. Inflation rates have started to turn up moderately (similar to 2000), which puts the Fed in a bind: not tightening might overheat the economy, and over-tightening might kill growth. This uncertainty might result in a policy mistake, and the markets tend to anticipate this. Both in 2000 and today the unemployment rate fell below 4% right around the peak of the tech rally, bringing out the animal spirits; On Monday’s broadcast of the Fox News Channel’s “Outnumbered,” House Republican Whip Steve Scalise (R-LA) stated that there are “big negotiations” on increased funding for a border wall. Scalise said, “[T]here are negotiations going on right now over the end of the year funding, and in just a few weeks, this all comes to a head. So, the Homeland Security Department’s budget expires at the end of November. One of the big negotiations we’re in the middle of right now is over whether or not we can get more money to build the wall. I support that. We ought to do it.”
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Author KTRH (KTRH-AM)
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