Harris campaign focusing on key swing states
The Last Word with Lawrence O’Donnell
Lawrence O'Donnell, MS NOW
4.5 • 6.4K Ratings
🗓️ 12 October 2024
⏱️ 42 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Now it is time for the last word with Ali Velshi who is in for my colleague |
| 0:05.0 | Lawrence O'Donnell. Good evening, Ali. Alex, thanks again for an excellent show. You have |
| 0:08.7 | a great weekend. I'll see you next week. You too. Good evening to everybody. Today the stock market closed at all-time record highs, which means that once again Fox Business |
| 0:18.4 | brought out the virtual fireworks. |
| 0:20.0 | We just clarified some very important issues about the banks coming up. |
| 0:25.0 | Thank you, Gerard. |
| 0:26.0 | Here we go, folks. |
| 0:27.0 | It is a record close for the Dow Jones Industrials and another record close for the |
| 0:32.1 | S&P 500. on the screen today driven by the bank |
| 0:36.2 | earnings but as you know next week big news with earnings as well so we'll see you. |
| 0:42.1 | The Fox Business Celebration comes after another |
| 0:44.3 | Rupert Murdoch-owned company published an article titled |
| 0:47.6 | JP Morgan calls it the US economy has made a soft landing. The Wall Street Journal is reporting that the |
| 0:54.6 | world's largest bank announced that the US economy under President Biden has |
| 0:59.5 | achieved what was once seen as impossible, a soft landing. |
| 1:04.0 | Investopedia describes a soft landing as an economy that slows down a bit, |
| 1:08.5 | in this case because the Fed has managed interest rates, |
| 1:12.1 | without triggering inflation or a recession. |
| 1:15.9 | Pandemic-era inflation is way down, unemployment is low, job creation is high and wages are |
| 1:20.8 | growing, and no one is talking about a recession anymore. |
| 1:25.0 | There are just 25 days until election day |
| 1:28.0 | and more than 4 million votes have already been cast. |
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