It's Monday, August 1st, and this is Market Flory. I'm Matt Greer sitting in for Chris Hill this week.

Chris is getting a much deserved vacation. Joining me in studio today from Motley Full Pro, Jeff Fisher,

from Motley Full Hidden Jim's Charlie Travers and from

Million Dollar Portfolio Ron Gross.

Guys, welcome.

Hey Mac, how are you?

I'm good guys and I've got the debt ceiling fever are you ready

who wouldn't okay at the time of this taping it looks like we may have a deal on the

debt ceiling Ron Congress still has to approve it the president so what could go wrong there still has to approve it. The president still has to sign it.

Right, there are a lot of things that we don't know.

But the deal would increase the nation's debt ceiling by around 2.4 trillion overall

while cutting the deficit by an equal amount over the next 10 years.

So what's your take?

So I was fairly confident that death ceiling was going to be raised.

I was actually less confident that any kind of deficit reduction was. that

that any kind of deficit reduction plan was going to get passed.

So I'm pleasantly surprised.

I thought nothing would get passed and we have 2 trillion plus hopefully getting

passed. So that's great it falls short of

where the Obama administration wanted the 4 trillion where S&P kind of said that's

what they were looking for but it's certainly better than nothing.

We've got some big things to handle in this economy.

...