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The Michael Medved Show

Ep. 1,367 - Did Democrats not do as badly as people think?

The Michael Medved Show

The Michael Medved Show

Government, News Commentary, News, Politics

4.4516 Ratings

🗓️ 18 December 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

This is an abbreviated version of The Michael Medved Show. To get the full program, plus premium content, become a subscriber at MedvedMedhead.com or go to MichaelMedved.com for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:12.0

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and loose rock. Speed seven run wilder explore more on hocker dot com

0:28.9

and now america's number one show on pop culture and politics.

0:43.2

This is the Michael Medved Show.

0:46.4

And another great day in this greatest nation on God's Green Earth, but not such a great day for Wall Street.

0:53.5

The stock market looks frankly terrible and

0:57.7

worrisome. And it's one of those things that obviously President Trump is going to have to face

1:04.0

when just a couple of weeks from now he officially takes over the leadership of this country and reoccupies the Oval Office.

1:14.6

The Dow Jones Industrial Average has been sinking into the history books, as they put it on CNBC.

1:22.6

Today, the Story Index is on track for its 10th straight losing day following a disappointing

1:31.9

rate outlook by the Federal Reserve, which went ahead and, by the way, lowered interest rates

1:37.9

again, which usually has a good impact on Wall Street. but the Dow earlier today had lost more than 400 points,

1:49.9

almost a full percent on track for its worst losing streak since an 11-day slide.

1:56.3

Way back in 1974, the 30-stock average posted a nine-day losing streak yesterday.

2:05.1

It's longest since 1978.

2:08.0

The S&P 500 lost more than 1%.

2:12.0

And the NASDAQ composite shed 1.3%.

2:17.1

Now, all of this is related, obviously, to the disaster that is going on,

2:24.1

with the Congress trying to keep the government open past Friday night. This is not a good time considering all of the travel and the festivities surrounding the Christmas holiday.

...

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