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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (473537)	10/9/2003 10:51:05 AM
From: JakeStraw	Respond to of 769670

No it doesn't Kenneth, or you would root and applaud good economic news! Could you be anymore transparent in your agenda?!?!

To: Kenneth E. Phillipps who wrote (473537)	10/9/2003 11:12:43 AM
From: Hope Praytochange	Respond to of 769670

Stocks Surge After Jobless Claims Fall By REUTERS Published: October 9, 2003 Filed at 9:41 a.m. ET NEW YORK (Reuters) - Stocks popped at Thursday's open after solid earnings news from companies like Yahoo Inc. (YHOO.O) and an unexpectedly big drop in weekly jobless claims boosted expectations an economic recovery is in the works. The Dow Jones industrial average (.DJI) was up 70.97 points, or 0.74 percent, at 9,701.87. The broader Standard & Poor's 500 Index (.SPX) was up 6.7 points, or 0.65 percent, at 1,040.48. The technology-laced Nasdaq Composite Indexwas up 25.7 points, or 1.36 percent, at 1,919.48.

To: Kenneth E. Phillipps who wrote (473537)	10/9/2003 11:13:04 AM
From: JakeStraw	Respond to of 769670

Democrats Spin Out of Control Their reading of the California recall leaves Republicans hooting. To hear Democrats tell it, the voters who overwhelmingly chose to recall California Gov. Gray Davis on Tuesday were sending a strong and unmistakable warning — to George W. Bush. In California, Washington, and across the country Wednesday, Democrats struggled to portray the recall of Davis as the result of voter anger against the president, and not as a repudiation of a particularly unpopular Democratic governor. "I think the message from California is a message to President Bush: Stop your reckless economic policies," said House Minority Leader Nancy Pelosi. "It's clearly not good news for George Bush," Democratic National Committee chairman Terry McAuliffe said Tuesday night. "I'm telling you, the message across this country is that [people] have had it with George Bush's economic plans...George Bush should be very nervous." "The voters in California directed their frustration with the country's direction on their incumbent governor," added Democratic presidential frontrunner Howard Dean. "Come next November, the anger might be directed at a different incumbent — in the White House." The post-election Democratic interpretation of the recall stands in stark contrast to the pre-election Democratic interpretation of the recall. Just a few days ago, Democrats portrayed the recall as part of a right-wing plan to seize power in California and elsewhere around the nation. In his speech to the state on August 19, Davis described the recall as a "right-wing power grab." That characterization was echoed by former president Bill Clinton and other high-profile Democrats who visited the state to campaign on Davis's behalf. Now, however, what was once a "right wing power grab" has become a stern warning for President Bush. "There's spin, and then there's fantasy, and that's just fantasy on their part," says Christine Iverson of the Republican National Committee. "What planet are they on?" Exit poll results tend to undermine the "message to Bush" interpretation of events. For example, of the Democrats who went to the polls Tuesday — presumably those who would most want to send President Bush a message — 76 percent voted against recalling Davis, that is, voted against sending the message that Democratic leaders now say is the lesson of the recall. Liberal Democrats, the voters who appear to be most angry about the president's policies, voted against the recount by 84 percent. The numbers on the other side tell a similar story. Of the Republicans who went to the polls — presumably those who would least want to send an angry message to President Bush — a full 88 percent voted to recall Davis. Conservative Republicans, the president's strongest supporters, voted for the recall by 91 percent. Pollsters also asked whether voters approved of the job Bush is doing as president. Forty-nine percent approved, and 48 percent disapproved. Of those who disapproved of the president — again, those most likely to want to send a stern message — 78 percent voted against recalling Davis. And of those who approved of the job Bush is doing — those least likely to want to scold the president — 86 percent voted to remove Davis. "The simple fact is that there was a Democratic governor who so mismanaged the affairs of his state that they decided to remove him from office early," says Iverson. "This is nothing but bad news for the Democrats and good news for the Republicans."

To: Kenneth E. Phillipps who wrote (473537)	10/9/2003 12:08:56 PM
From: Hope Praytochange	Respond to of 769670

Dow Up 117, Nasdaq Ahead 39 By THE ASSOCIATED PRESS Published: October 9, 2003 Filed at 11:38 a.m. ET NEW YORK (AP) -- Investors pleased by upbeat earnings from Genentech and Yahoo! sent stocks sharply higher Thursday. A Labor Department report suggesting the pace of layoffs has slowed added to the market's good mood. In late morning trading, the Dow Jones industrial average was up 116.67, or 1.2 percent, at 9,747.57. The broader markets were also higher. The Nasdaq composite index rose 38.54, or 2.04 percent, to 1,932.32. The Standard & Poor's 500 index rose 12.22, or 1.2 percent, to 1,046.00. Advertisement After a month of mixed economic news, the market was especially cheered by the drop in new applications for jobless benefits, which fell to 382,000 last week, beating analysts' estimate of 395,000. That, coupled with positive retail sales reports from Wal-Mart, the Gap and others, helpd ``start the day off with a positive tone,'' said Jeff Swensen, senior trader at John Hancock Funds. ``I think the jobless claims being a little bit lower turns the tide in the favor of the bulls.'' Thursday marked the first anniversary of the stock market's reaching the bottom of its three-year slide. Since Oct. 9, 2002, the Dow has rebounded 33.8 percent from a five-year low, the Nasdaq is up 73.4 percent from its six-year low and the S&P 500 is up 34.7 percent from its six-year low. The market got a lift from the Labor Department's report that new claims for unemployment insurance fell last week to their lowest level in eight months. Analysts said a decline in the pace of layoffs could signal companies are a bit more hopeful about the staying power of the economic recovery. But investors were also focused on third-quarter earnings reports, looking for solid evidence the economy is improving. Trading volume has been light as many investors wait for the bulk of the reports, expected over the next two weeks. In results issued after the market closed Wednesday, biotechnology company Genentech Inc. and Internet search engine Yahoo each reported strong earnings, beating analyst expectations. Genentech saw a 70 percent jump in profits on strong sales of two cancer-fighting drugs and a one-time legal settlement. The company's results beat analyst expectations by 2 cents a share. Genentech was up $1.89, or 2.4 percent, at $80.64 on Thursday. Yahoo doubled its earnings with strong revenue from advertising sales, and beat Wall Street forecasts by a penny a share. Yahoo rose $4.76, or 12.3 percent, at $43.55. Wal-Mart Stores Inc. rose 69 cents, or 1.2 percent, to $59.21, after the retailer reported sales at U.S. stores open at least a year rose 6 percent last month, beating its own expectations and analyst estimates. The Gap Inc., which said same-store sales were up 13 percent last month, rose 80 cents per share, or 4.4 percent, to $18.99. Computer Associates International Inc. was down $2.32, or 8 percent at $26.64on news the firm had fired three top financial executives in the midst of a government accounting probe. An inquiry by the company's audit committee found the three had inappropriately recognized sales in advance of signed contracts. Advancing issues outnumbered decliners almost 3 to 1 on the New York Stock Exchange. Volume came to 445.08 million shares, compared with 383.98 million traded at the same point Wednesday. The Russell 2000 index, a barometer of smaller company stocks, rose 9.36, or 1.8 percent, to 525.04. Overseas, Japan's Nikkei stock average finished 0.1 percent lower Monday. In Europe, France's CAC-40 advanced 2.1 percent, Britain's FTSE 100 rose 1 percent and Germany's DAX index gained 2.5 percent. ^-------- On the Net: New York Stock Exchange: nyse.com Nasdaq Stock Market: nasdaq.com