never works and i'll bet you six months the stock desire and if it is you have to change and switch from samsung to apple and if it's not higher i'll go to samsung. charles: were about to make a bet about new york sandwich or whatever i've been an apple longer than amazon i do wonder when it dips and you always come to reassure me. thank you both very much. we have the cp fx, i'm giving you momentum for the last hour of trading. >> i'll take it, better than yesterday that is for sure, good to see you, the markets rallying late in the session after midday dip thanks to eyeball raising remarks from jerome powell, the major indexes are jumping, but the nasdaq did turn negative when the possibility of lifting interest rates as inflation continues to rise, overall investors ignoring that comment, right now the dow up to 75, s&p

up 31 and nasdaq up 33. powell is not the only one in the nation's capital causing drama, the senate and decided if it's going to vote today on a plan to stop a potential government shutdown in its tracks late tomorrow night will get a live report on the latest news on the hill and at the white house. plus lucid motors rolling out the lucid air to an arizona facility. the ceo peter rawlinson is here to tell us what he plans to do to bump elon musk, tesla out of the electric vehicle winners circle. the housing market finding a new spark after a summer siesta, the ceo with the outlook of where home sells are headed to the fall. breaking news right now, is it on or is it off the senate was expected to hold a vote today on a clean continuing resolution to

fund the government through september 3, that would avoid a government shutdown that could go into effect at midnight tomorrow, now we're hearing the vote may not go up, this latest emergency overspending the debt ceiling a bipartisan infrastructure bill trillions of dollars in social spending it is turning and changing every hour, edward lawrence on the hill at the white house this afternoon. >> clearly the market really likes the fact that chuck schumer has announced a gonna separate the two bills, as you said it looks more likely that the continuing resolution of fun funding the government to december 3 will happen maybe tomorrow but also in the bill will have money, disaster relief for louisiana, this separates the debt ceiling from the issue related to funding the government, jenny yellen identified october 18 as the date the u.s. government will struggle to pay its obligations

in rare point in harsh language at economist on the debt ceiling on the senate floor senator schumer called republicans to get out of the way. >> throughout history there has been governments that have defaulted on their debt but never has there been a default caused by. stupidity, in this case republican stupidity. >> mitch mcconnell says the democratic government has spent months posting about the radical transformation the ramming through they have no standing to ask the republican senators to make the process more convenient, he is concerned with the extra amount of spending in what that will mean to inflation and what that will mean to future generations having to service that debt, they've never defaulted on their debt and no one expect that to happen as we get closer to the october 18 deadline. however, the question is is a debt ceiling going to be raised or suspended, house speaker nancy pelosi is going to take on

a bill, they're debating right now to suspend the debt ceiling to december 2022, but again not expected to get republican votes republicans would like to see democrats raise the debt ceiling so they have to put a number to how much they will add to the federal deficit. cheryl: to fight the fact that it's no-cost i imagine the 3.5 trillion is no cost to the american taxpayer. >> if you buy me a car, no cost to me. edward lawrence, thank you for the live report. i appreciate it. we have some breaking news what a difference a day makes markets are in recovery mode picking up steam and the session after jerome powell caused a short selloff around noon you solid live on the air today speaking at an event, he said the fed would raise rates if it's all higher prices pushing up inflation expectations, we've been talking about inflation for some time now but later on he gave a timeline that was in line

with what investors were expecting. >> raising interest rates is a ways off because we have a substantially higher test but about half of the frc thinks it will be met by the end of next year and eight of the nine remaining members believe it will be met in 2023. >> expectations are likely to keep treasury yields higher this year end on top of all of this you have reports that massive chinese real estate developer evergreen and is set to miss a second offshore bond payment this month to the tune of $47.5 million, there is more we also have a run up in commodity prices what is the next you to drop her investors, let's bring in our floor teddy and phil, we have a crunch in the energy market. >> we really do i would say you looking for a potential disaster around the horizon remember

about the climate change crisis that was coming, we should do a prequel about the energy crisis and what the panic about the climate change because that's what's happening, we have a self-created shortage of supply of natural gas and oil around the globe and were seeing things in china for example they are saying the pay any price to get coal to keep the lights on in the sad thing is in europe they don't have enough supply and i'm afraid that could happen in the united states if were not careful. of course where there's crisis, there's opportunity, one company i would look at that could take advantage of this is chevron because there ceo understands that the world still needs oil and gas and they're not going to time track away from that they will provide the customers with what they need and people better wake up, energy prices have caused some of the biggest recession in our country's

history and if we don't change course quickly and get our producers producing we will say it's a very bleak future. cheryl: let me ask you about that that the regulatory question the landscape is a challenge and it has been for the last nine months, how big of a pieces that is the story with oil right now the regulatory environment. >> it is huge is absolutely huge you have oil producers because they don't know the regulations, you have congress talking about a tax bill about a carbon tax, attacked the polluters, go after the polluters, in the meantime the polluters are consumers there driving their cars and things and if they don't get that supply or at a cheap price, prices will go through the roof that will impact other parts of the economy because they will not be able to spend money on travel and leisure and they will not be able to spend money on

extra goods, that will slow the economy. cheryl: especially switching gears to the markets, usually when we have tips like this in off days in particular like yesterday there's a lot of buying on the dip and that brought markets back, we see that today but not what you would expect after the massive selloff yesterday, a lot of analysts thinking we might see potentially a correction this fall, what do you think. >> we caught a lot of people predicting a correction and the best news about that when a lot of people make a prediction like that, they're usually wrong. but even a broken is twice a day, the naysayers will surely get it right. but the reality is trying to predict the direction of the market is kind of like buying lottery tickets and i'm not sure which are better off doing. but i think now were just a couple trading days away from the end of the month and if we

see the market point of view will turn to a third-quarter earnings which will come very soon yeah that will be the market driver for at least two and a half, three weeks, it'll be interesting to see how the earnings coming, i suspect the, better-than-expected they have for previous quarters but more importantly how the market reacts to those earnings, last quarter the market shrugged off as it did in the first quarter, that in some respects indicates that maybe a lot of the good news, corporate earnings rise has been priced into the market and perhaps that's a lot of the volatility, down 500, up 200, this is not assignable market that has any direction to it, this is a market that is a little copy and looking for solid ground to stand on.

for me it's a third-quarter earnings and we have to hang on for another couple of weeks and will be in the middle of it and then we'll have to see where we go. cheryl: i expect when we get those numbers we will see two things, the delta variant that will come into the play for the month of august in particular. i would also's expectancy supply chain disruption, the bottleneck around the world a piece of that is the delta variant. is it going to be a major issue, it might cut into some profits. >> i think so, we saw in the third quarter a stack with fragrances, i reported great earnings but their guidance was weak because of what you mentioned, supply chain issues and i think we recently saw that with fedex, in their case getting people to come work to deliver the packages. clearly there is some point in the economy but i think those

chokepoints are short-term in nature but the bottom line will be the growth in earnings and in revenue clearing the guidance is important but i think the corporate earnings should be pretty good and you're correct we need to worry about the guidance and a sense of the disruption from the chain of getting these goods. i do think the delta virus is maybe a little bit of yesterday story and i think the supply chain issues will become yesterday story. cheryl: i hope you're right on that, thank you very much, good to see you both. somebody is calling you to do disagree on everything you just said. thank you very much, we appreciate it.

slipping with an early morning jump announcing is expanding its charging stations, the hotel in the mid atlantic region, the stock is up 3%. lucid making gains in the eb race the tesla arrival luxury air sedan about to speed into the consumer's driveways, is tesla the only maker that should be afraid of the new competition, were asking that question two lucid peter wallison coming up next. take a look at the big board a better story today, the dow up 231 points, the dow pushing closer and closer to 31000. "the claman countdown" we'll be right back. ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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cheryl: rolls-royce is rolling into the future the luxury car maker launching the first all electric model car in 2023 to reach 0 admissions by the year 2030 parent company bmw is moving to the upside higher by more than 1% on the news today just as rolls-royce drives and ed market forward, lucid voters is racing to the finish line the

electric air dream sedans will begin deliveries in october lucid went public in july and moving substantially higher, stock is up 8%, strong performance from lucid joining us on the assembly line, lucid motors ceo peter rawlinson. >> is looking on the way up, great news that we presented yesterday. cheryl: you talking about the deliveries in october, what kind of numbers are we expecting as far as deliveries. >> were really pushing to meet projected numbers this year, projected 577 deliveries and were pushing like crazy to me that but they have been in a much better position to let you know when we do earnings call for q3 in mid-november and how untracked we are for that.

cheryl: has a chip shortage put a wrinkle, we know carmakers are really struggling in their having to cut back on projections from vehicles made, is not a factor for you? >> not yet not since the chip shortage but covid has had an impact on our supply chain that we are seeing. and to delays this year, we have not been able to get productions on our end. cheryl: what are the things that with disgust we've been watching the battle with the infrastructure bill and the social spending bill read in the infrastructure bill there is money allocated as of now were charging stations for a network of charging stations across the country, how involved have you been in efforts to make sure the language stays in the infrastructure package as is, is that game changer. >> weave a great relationship with influencers on capitol hill

and have our voice, it is critical that the u.s. has a leadership position to capitalize the uptick of electric charge, and certainly infrastructure is pretty critical, not just a fast charging infrastructure, i think the overnight charging and access to slower ac charging is a critical part of the whole landscape as well. cheryl: i'm glad you brought up the timing of how long to charge or vehicle, that has been a concern and the issue for the industry overall, i want to ask about bmw, rolls-royce, you said before on the show you welcome competition, now you got your wish with bmw and rolls-royce, how big of a challenges is for you. >> i welcome the competition even before that we have mercedes launch there luxury ed

later this year in the u.s. and i relish the competition lucid has the most advanced technology, this is a tech world do not forget this is electric vehicle technology and were here to compete at the top table. cheryl: you're also competing with tesla, i want to ask you about the price point for the vehicle, your model at the facility that you're producing the cars is 161,000, that is a lot more than that tesla which is coming in a lot less than $100,000, are you worried about that, i know you have a longer range that are you worried about the big difference in prices. >> were positioned as a luxury player in the ed market, if you look at portion mercedes i think what were offering, 500 miles plus and great luxury, it's a

snip of the price point but my passion is to get towards a more affordable offering and. into production late next year. and that will be approximately $100,000 less in 70000 mark, that's where the volume is, that's where lucid is going to operate, do not think that lucid is a niche of the logs player, that's her starting point, our passion is to bring the price point down to make our world class available to more people. cheryl: were looking at pictures of the vehicle, it's a beautiful car i have to compliment you on that, we also have polestar, also going public they have a luxury vehicle some on wall street say you're onto something, i think it was citi and bank of america they have to

buy on your stock, morgan stanley questions the valuation of the company, how do you prove the other bank is right improve morgan stanley wrong. >> this is a long-term play, the only thing there is one winner in this game and that is tesla and a couple of different things to differentiate with tesla it had the technology in-house in-house developed in the manufacturing, as far as i'm aware there are only two companies that do that in the world, tesla and lucid, this is a technology-based, the others do not appear to be in that race. cheryl: peter rawlinson, great to have you back on "the claman countdown" again, thank you for your time, please come back soon. the return of the bachelor party and no i'm not talking about tom hanks from the 80s although i love that movie, coming up the

stocks you need to watch as the wedding industry reopens for business. let's take a look at the big board, up to 30, s&p and nasdaq also in the green, nasdaq getting hit yesterday, keeping an eye on the market, "the claman countdown" coming right back ♪ ♪

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cheryl: fox business alert, investors are seeing clearly when it comes to parker's market debut, the retailer jumping the first day of trade after go with the direct listing route which does not require a creation of new shares or underwriters a 40-dollar reference price valuate at 4.6 billion even before today's gains, the stock is up 35% in change right now, dollar tree climbing to the top of the s&p and the nasdaq, the

games coming after they increase the stock buyback to $2.5 billion in the confirmed plans to sell more items above 1 dollar, they have to fight rising cost, that stock is up 16.5%, take a look at netflix not just for streaming, parent hitting play into the gaming sector by night school studio known for oxen free, this is the first-ever purchase of the game developer it will diversify revenue sources paying off with investors, netflix up more than 3.5% take a look at this, ual united airlines holding, they are winging the way past the controversy despite the firing of 600 workers who refuse to get a covid vaccine united ceo scott kirby assuring investors that the company's vaccine mandate

would have no impact on operations and bookings are back to the june peak level shares of united are up more than a quarter percent. sometimes you have to do a wedding destination. the pandemic was devastating to the wedding industry as covid ruined the plans of brides to be in the grooms of course to that bounce back is incredible with 2.5 million weddings schedule for 2020, bachelorette parties are booming and nashville has become the number one destination from the prenup party i mean prenup not in the one that your signing how were they helping music city academy hitting all the right notes, madison joins us live in nashville, tennessee on a honky-tonk party express bus as bachelorette takes over broadway, it looks great, hello to you. >> hello to you as well it looks great, super fun we've been on this all day having a blast this

is one of the minibuses along broadway were trying to balance and do this for you, this tree is packed with the open air buses, stable for the bachelorette party and that's what you'll see on these buses, like you said this is the number one destination, there is a couple of reasons why you say that one is an affordable price and accessible city for most of the country and three i'm standing on one right now, all the fun activities that are open air that could make it really easy for a group to get together, it's really pivotal for nashville to come back, i spoke to the owner and he told me the bachelorettes coming back not only saved his business but they saved nashville. >> the best crowd are 22 - 33-year-old has literally saved nashville economically speaking. they were the first group to come back from covid when nashville was back open for

business they came back with a vengeance it wasn't the typical tourist crowd that nashville get. >> this is the one thing that they have back in the city and it helps this party bus so much but they have been able to double their fleet thanks to the bachelorette not just party buses cashing in you see hotels and restaurants and bars as well, take a listen. >> bachelorette parties coming to nashville nobody could get married in 2020 and this guy has a song save a horse, ride a cowboy, what part do you think they want to come to first they want to come to my bar in here that 50 times in a row, it is exciting to see them all come. >> it's just a fun time with all the bachelorettes, you can see in the middle of the day people are having a good time in the bachelorettes spend a lot when they get here we spoke with the batch at a party planning

service helps of the party they said the average attendee spends $500 and that money goes into whatever city they are in and most of them right here in nashville. cheryl: nashville is a great town i'm so glad things are getting back there as well, madison, thank you a great report from you. pending home sales showing new signs of life after the dog days of summer but will record high prices keep buyers on or outside the white picket fence, we have redfin ceo coming up next. let's check the markets are coming right back, the dow up to 55, 225 excuse me, the s&p is up 23 and we'll be right back. stay with us. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa.

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cheryl: talk about serious buying sign contracts increase 1.8% month over month in august versus the 1.4 increase analysts were expecting big b on this number. it is interesting, august numbers fall two months of decline that we have seen for this particular read on the economy, redfin is a tech power bill estate company in the country's number one visited brokerage website representing 100 markets throughout the united states and canada, we have redfin ceo glenn kelman with us. it's great to have you with us. >> thank you for having me. cheryl: i want to get your reaction to the blockbuster number on home sales, talk about a reversal of fortune, what do you think was behind the numbers especially for the month of august, what changed. >> it's easier to put deals together it's been hard for

buyers to win deals the bidding wars were crazy before memorial day and many people took a step back, i think people see the writing on the wall that the fed may raise interest rates over time in the window to get into a house in short and suddenly prices have become somewhat more attractive, finally we have sales coming back up because people can actually buy the home. cheryl: i'm getting asked a lot when will interest rates start to go up, my best guess we will see them slightly pickup by the end of the year but come spring which will obviously be the big spring buying season it seems like we will see them and closer to 4%, any insight from you? >> 4% would be a strong increase i would expect one half of that but that could have a significant effect on the housing market if you look at the back half of 2018 when rates increase by half a point, it was a major downturn in housing, i

don't think the effect will be that strong this time because it will be more gradual, but it will have an impact so i think consumers are starting to react now, they want to get a house while rates are around 3%. cheryl: were at 3.1%, i look at the every week one question is not just the interest rate the price of the home we've seen particular with home prices especially in july, like a 20% jump for home prices. and then you bring up the bidding war issue which is still happening and parts of the country, not all. do you think prices are going to level out now? >> they are starting to, we saw price increase year on year of 25% earlier in the summer now it's down to 12 or 13%, there has definitely been some moderation we've also seen people what if i done why did i buy a house sometimes the houses bought and immediately relisted

because the buyer has second thoughts. when prices were increasing that fast late spring, early summer it was too much of a roller coaster ride for everyone, including me but now that they settle down some, i think more people are willing to play the game more people are willing to to her houses, by houses and it's gotten easier for us to do our jobs to put buyers and sellers together. cheryl: did you buy a house? is that what you're saying? >> no way i love my house is beautiful what do i need another place part. cheryl: i'm just curious, let's talk about the way that people are, this is your business and your website the way that people are actually buying a lot site on scene, presume and virtual tours becoming the code of staple. >> it is there was an agreement between buyers and sellers the seller doesn't want to be walking through the house if

that person is it serious, for the first time last year we saw people agreeing on terms and seen the property in person. we saw a tenfold increase in virtual touring and more 3d scans so you can walk to the house, except inside the bathroom, people are much more willing to do that and some was about covid risks and now people are moving across the country. so they're not going to take a flight just to see a house and realize before they walk in the door that it doesn't have curb appeal. more in bar were putting deals together based on online information and when we get to the inspection we actually decide, what are we really going to pay for this house. sometimes it gets so crazy people have to make a commitment based on the virtual information and there's no way out downstream, the market is starting to moderate getting people a little more flexibility once they seen the place. cheryl: i like that you say

that, that is a concern, you buy something over zoom and then you get there and it's not what you pictured it would be. there has been some strength you mentioned people moving because of covid and the south and the midwest, we know real estate is local, where are the hot markets in particular in the south and midwest and if you give me a couple places. >> miami, austin, sacramento, phoenix, people love warm weather, part of it those places are more affordable and with tax reform there is so many economic incentives for people to move out of california and new york the two cities losing the most is san francisco and new york city, relocation is come down a little but mostly it still crazy it used to be that most of our business moving people across town and now almost all of it is movie people cross country they're doing it whatever they can work in doing it because they can find a lower cost of

living, yet one person deciding i can stay at home if we live in ohio instead of l.a. cheryl: everything is complete changed but it's still a great topic and a fun topic to talk about. glenn kelman thank you very much. have a good one. good to see you. and a nice home, congratulations. the american dream of homeownership is alive and well in america and we are telling those stories in a brand-new fox business prime lineup. >> there we go. cheryl: that is baseball, but i do have a new show, baseball is not a part of it yet you never know, american dream home, hopefully will get the right clip later, it has premiered already but every tuesday night

families are hunting and buying the perfect homes and i host american dream home every tuesday at 8:30 p.m. eastern time only on fox business, a brand-new lineup for fox business in prime time, tonight the lineup is going to be amazing, american gold near the 8:00 p.m. eastern time followed by the pursuit with john rich that will be at 9:00 p.m. follow me on social media i'm putting all the clips after. facebook, the fallout, the latest report from the wall street journal relentless coverage of the social media giant focusing on one young demographic that it was hoping to friend another blockbuster journal report, facebook cannot be happy, were going to talk about it. stocks, were coming back a little bit of the highs off the session, 161, a much better picture than what markets were doing yesterday, "the claman countdown", we're coming right

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cheryl: if you thought they would let square buy now pay later go unanswered, you were wrong, affirm announcing it will hold in trade crypto's from the savings accounts up in the anti-in a fight between the fintech all-stars, the latest startup to go public also confirming unveiling debit cards as an offering for customers in a push for total syntax domination affirm had been up earlier in the session, right now is lower than by 1%, look at paypal, square is down 2.5% right now, crypto's are reversing course another piece

of the puzzle, bitcoin, either up earlier now they're sliding bitcoin down more than 1% and ethereum is down 1.5%, litecoin is up that is holding onto its gains the only one at more than 1%. the wall street journal scathing facebook file series continues to spell bad news for the social media giant ahead of the senate hearing, new reporting said the company was willing to attract preteens referring as an un-attached audience. what also to expect, jackie deangelis. >> this is explosive the news that we've gotten on facebook over the last couple of weeks, it is the owner of instagram, it is targeting the younger users that's with these internal documents essentially show they're going after kids as young as ten years old and calling them an untapped

audience, facebook feeling some pressure, there is competition from platforms like snapchat, tiktok and they have captivated the younger age groups, does it make it right to target kids and essentially try to groom them as users for life, it's a good question one that critics bring up especially in light of the recent news that mark zuckerberg knew the instagram was having a negative impact on teenage girls, then facebook decided to pause development of its instagram apps for kids the documents revealed that facebook was exploring play dates meaning you connect with young users and connect them all together, tomorrow is senate hearing lawmakers will question the global head of safety over the effects of its products on kids mental health and in the conversation that i'm having comparisons keep coming up to big tobacco how it targeting

kids with ads and cultivated addicts for life, there's an argument that we made that social media addiction is real and people suffer from it, the other part of this equation is who is responsible, is that the parent, the regulators, the company, some combination of all of them, this is the tricky stuff we have to figure out when it comes to social media. cheryl: the fact the instagram new that it was detrimental to the health of teen girls and that these girls had horrible issues with herself body issues and suicide thoughts, the fact that they knew that for three years, they cannot come back from that, i think they're gonna get hit on this tomorrow. >> it shows the whistleblower testified next week it shows some of the employees at the company that knew he things had a conscience and do looking at the same this is not okay not to knowingly continue down the course when you know that it harms people. cheryl: that'll be interesting tomorrow, thank you very much.

in xp semi flipping to the bottom how the s&p bernstein is moving to the sidelines, the stock down three and a quarter percent, today's countdown closer despite ongoing crunch in the industry there is still plenty of profit for top chip picks are coming up next one more time on the big board were slipping still up 121 elephant session highs this is after yesterday's selloff especially for tech. we'll be right back. ♪

. .

flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪. cheryl: well the closing bell is going to ring in a little under four minutes from now. the dow, the s&p, holding on to gains. senates dak slipping back into the red after the worst day in six months yesterday. again the nasdaq is down 43 points. a little bit of a yield story

which has been affecting tech stocks over the last few weeks actually. boeing is sitting at the top of the dow, boeing up 3% after the department of defense awarded aircraft make ear follow-on contract valued, could be as high as 23-pointbillion. the contract requires boeing to service various air force fleets. military contract, big knows for boeing a dow component. big tech is the big loser this week really in general. microsoft and google both down since monday, really under pressure microsoft down 3 1/2% and alphabet 5%. our "countdown" closer says hey, buy on the dip. get your hands on the tech titans while on sale. we have sylvia jablonski defy joins us now. you know i love tech. talk about the technology. with the higher yield environment out there ththat's been a big hit on tech stocks

and we're seeing that again today. >> hi, great to talk with you today. i think that you know, the move in the yield is sort of irrelevant at this stage in tech. the market seems to be overreacting to it. part of pullback is the september doldrums and new drama on yields. the fact if you look at tech companies, particularly names like microsoft, doing 60 billion-dollar buyback. doing a dividend. loads of cash, cloud, ai, computing. quality companies full of cash and 2.35 trillion in savings earning zero should look at names of opportunities to get in now. cheryl: looking at names like apple, amazon, on the screen right now, these are still competent expensive stocks. amazon is 3300 bucks a share. look at alphabet, $2600 and change. what about the valuations? are these really good deals do

you think right now? >> i do think they're good deals and i would actually argue they are better deals than before. the last quarter of earnings really delivered so these companies are profitable and they're proof -- proving they can deliver. they're engaging in cap pecs, engaging in hiring, engaging in r&d into the fourth industrial revolution particularly names you mentioned amazon and alphabet. i think they're great buys. cheryl: i like you're sticking with that. semiconductors, really quick, that sector you like it. you have got amd, nvidia, some other names in there. what's the future hold? >> supply and demand story right there, will get price appreciation. amd 100% year-over-year. nvidia was a 31 billion-dollar company, 438 five years later where we stand now. they're the key to 5g, to electric vehicles, to augmented

reality, artificial intelligence, none of this happens without semiconductors. >> that is a very good point. we need the chip shortage to end. sylvia jablonski, thank you very much. we appreciate it. [closing bell rings] we came off the rails with the dow, at the close up 99. that is it for me on "the claman countdown." i will be back tomorrow. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so still no progress any on of the budget bills as we convene here tonight. so far nothing on infrastructure, nothing on reconciliation, really even a continuing resolution to perhaps get the government through the next month, nothing on that and no progress on raising the debt ceiling. so even while jpmorgan ceo jamie dimon warned yesterday that a u.s. default on