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excused in terms. Good evening. This is John Bashar. The show tonight begins in the southern

border of the United States. The migrants continue to pour across the border and

many of them heading for New York. I speak with Harry Siegel of the city,

asking if the city updated its planning. And the answer is no. 30 days for a sum to get out of

the shelter, 60 days for other, and what happens when you get out of the shelter? You're told to go

to another shelter entirely in the Bronx or in Brooklyn out in Long Island on a former airfield.

Harry says there's no plan. They're hoping that the migrants will find their way to another place

and not stay in Manhattan or in Brooklyn or in Queens. Harry worries that we're looking at

as the weather turns. We're going to have young people, families, not just single men,

sleeping on the street. I also speak to Jim McTay, former Washington editor of Barons,

about the economy and the markets. The markets are showing that there's good consumption. We boomers

are buying, but at the same time the big growth number of the third quarter not likely to be sustained.

We don't have a lot of layoffs. We don't have people not spending money. The retail number is

strong. The housing market is very weak. Jim estimates there is a recession possible. The

Federal Reserve will be obliged to raise once more, perhaps twice more in the next year.

There is an unwritten guideline that you don't raise rates in an election year. It would be

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