WWL>Topics>>1-8 6am Tommy, stock market and Spillway

1-8 6am Tommy, stock market and Spillway

Jan 8, 2016|

Tommy talks to Mark Rosa, a Prof. of Finance at Tulane, about what's been going on with the stock market. Tommy also talks to Ricky Boyett, Chief of Public Affairs for the Army Corps of Engineers New Orleans District, about the upcoming of opening of the Spillway.

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Automatically Generated Transcript (may not be 100% accurate)

And I'll come from the apartment that was really grown up in Algiers is now on no and you know that I was. You know that he. And another that has Johnny were the exact. January 8 my friend yeah. At a new song when I'm up. Retired and all day and again. Let me get you look at history here's yet. Stated no that war was over when they fought you know saying well it's not like they had satellite communications current. Nor every telegraphed exactly or from PEN and the pioneered news network that doesn't work and I was about an operating. There's that that's gonna happen today owners lined campus and. CE. National shrine of our lady of prompt soccer I think it is. If you're not even Catholic this is something to see because this man's that they are gonna hand this evening. Has been held every year. Since 1812. I think it is or 1813 because the nuns prayed. That the city be spared from the British and they vowed that they would have a mass every year and they do. And only went one year but. I founded more of a historical event than a spiritual event to think that your part of something that is been going on continuously. One event that's been on on continuously until eighteen are aware of the early eighteen hundreds elated that not the person was 1812 or thirteenth. But that's gonna happen later on today on your sign campus shooting go to somewhat cycle were called lemon. And I'll find out more about that all also elvis' birthday today. So will feature some Elvis songs and I'm not a drummer I'm not a musician but if you've ever seen Elvis in concert. They had two drummers and I nominal. How that would happen you'd think and again I know nothing about music but you'd think they'd be competing we that he with each other you know anything about that Chris about music. I don't know anything about music on try to I've I've seen two drummers before on stage uses you know part of a setup and try to remember who did it. And a company that's not important but it's been done before it opens on elsewhere but if it's too beats an innately and I got two guys and yet how to keep the same beat the does that in two with each other horror. I don't I I it's it was not the first time these guys and plead to get that much. Guest artists are talking about the stock market today Chris. What's up with the stock market doesn't wobble also I don't get exactly. That's where were you a half an hour ago. When I needed some help like Bob. What's down with the stock market will find out when we come back and talk to her friend. Mark Rosa from the Tulane University. Prestigious. You know those words Princeton University used when they describe the EP Freeman school. Of business. If for whatever reason there's a favorite that the new loans on you when he hear what you do is miss that uses only one. But if there's an Elvis song you wanna hear today I give us a call will to a Texas City 7870. The try to get it done in the bumper music on this Elvis birthday badly that wall and January 8 Friday foggy morning. 66 and a foggy Friday morning supposed to burn off by 10 o'clock if you're somewhere. Where the fog is exceptionally bad and you were able to give us a call. Safely and let us know what's gone on we'd love to hear for immunity 601870. Right now we would love to hear from mark Rosa a friend professor financed. At Tulane University mourning marked. He'd think Fred would return your hello and good morning mark. Agony Ian now's as good more but that's not via phone company stuck in tank there for second. I. Dropping like flies like like bag and 2930%. Chance of flying stock brokers. Or. And so Matt thank you tell me what is going on really with the Asian markets China us the two are related etc. and primarily. Bottom line for a one k's I think that's what everybody's worried about. You know look at today at the equity news I mean it dealt with one another just about 400 people and actually getting. Wall Street collectively as I mentioned nervous Nellie and that would have seen so. The exits very quickly so it really the general public at at most on the in the professional in my estimation but it will work what's happening in China and growth rate has beaten. Nothing less than stellar. And the only thing that it's so we kind of panicky used to and they are eating a lot of things that we can't year we I from now. And the assumption well. Their economy is slowing and slowing somewhat significantly. Impact a lot of business is a business with support a key. Bet any audience to do with them urging depend on trade with China India or slow and Poland those companies here than anywhere oh going to be impacted so. I think our our trading the board has been at opal well. With the Africans trading at sequentially opened. You know what we are curtailed in August when this same conversation came up a quarter ago. Oh probably 16316. For. They were only get to Edwards sixteen so. Or we call it just a few months ago and and we kept. And I look back and whip trading on the news first was breaking the economy. And for some people would say it will gain control. Necessarily be the figures are common China and that's a component of it let's pretend that we take in it is great scout. So they're economy would grow at around nine or 10% and out in the street it was going to be growing old. Small only that I think that's an incredible eight and a comparison. Our economies grow and at eight squeak 2% and that the largest economy in the world so it. Yet a lot of that it's coming ball on that should a lot of in a nation that has to be chipped it and I think he competent should. What's happening in Europe trying to get Derrick are going to be packed together. All that the western Syria and people move and opened recently in Europe and it certainly approaching their economies in the world away. You that China and Japan that's not in it really good economic condition and like I don't. Think the thing. Is what are some of the oh on our courts are saying about monetary policy sheer. That they hope to. In 2060. So you owe it. And it just smoke in the attic in the eye and they'll put in apartment so they'll. And that's called sale. You put it all in one bucket and it doesn't smell good outlet that I got a quote. I will pull a mile and widely scattered stockbrokers. Six when he detective Greg would come back on askew of oil has anything in the world to do with this. And when it comes to the day to day fluctuations of the market. If they sometimes the news people don't get a little too dramatic because. It's a market and it's gonna go up and down and it and when it's down it's going to be buying opportunities and Ann's gonna go back up more with mark Rosen if you have any questions. 260187. You can text them too late 7870 right now some Davida be well traffic. Tummy tuck Garrett come back Lou Elvis on his birthday and a demand we've already played that lets us. 618. And we're talking mark rose a professor of finance at Tulane university of course Elvis there with this time he gave me a mountain and a marketer or when I get in on hold that day a mountain of which we will never climb back from Arlene. No I don't they get into it it's one of those times what we have felt all people concerned. And we'll back at the inflammation and you know urged people all the local blow and that would be an at camp at least right now. And in the apartment and mentioned Opel and on the bright ones you talk about that we know in the bucket. Let them at least it's an election year so you've got cute. And certainty. And in Wall Street Arlen should it's one minute at all. It's the only thing undertake my answer out of just keep position. And put it more quotes position and all landed in saying I'm I'm I'm so important to cherish. On the put some money on the sidelines or decreased opposition might be under percent stock may get should be only 3% and now you've. You mentioned comfortable. On the great for people like you would be here and Angela Stewart who. And retirement that should mean not. Because it. We were on what you retiring tomorrow and you've got to pay attention. It'll depend mark wooded nominee to the rubble and depend on what you're. Your fund is in and one out so accused users may not even affect you when your reporter entirely state. The market dropped 291 points today you ma'am my anatomy any new view at all. You put it in exactly what you absolutely have been on the people who don't think that the most news is that. But aiding in one of these advocates. So. Seemly that people look at it like it's for a while that money at 41 K. I would bet that 90%. Really people. In the world one or all good. You get money for one if that made you. Earth or just what you monies exposed to all stop and stop that. Let you know it up for. Work. It goodbye to chew on so I think he is where it's so it's. That would be more chart rate should and in the business hasn't been at this. Course. And if you are long term faster than you look into the future at apartment type money. Preparation the oh. In the. Because it's simplistic or just it's they something about human nature but it seems like the united mine on 150000 dollars in the 401K if you if you're fortunate enough to do that and Annie at the statement every quarter new look at it adds up a little bit now Obey and you finally to wait. But you look at the newspaper every week on Wednesday to see where you can save a dollar on a pound of what ground beef pork roast or Winamp yeah. I think people put more research into bind in the post and new investments and get my human nature but. And get it you know it's easier like in ground piece that'll lead currently apple currently at understanding and has been in. Well oh so so you become stupid as being you know. Because the market keeps changing again after the app to understand happening locally but what. So but that's a it's probably. Stats that you oh well in that matter for what it could be a or what. Extent it's like oil and let him approaches so it. You know. Two takes work to take school at school in the tenth and then let Natalie take. It's saying I'm not react to every thing that we were. We'd put so ordered the and capabilities of more on the computer. Should we we acted a lot of Bob Orton and bad for the nation and hit a hole in again to work as a result open. And it's gonna go up and it's gonna go down every quarter if it continues to go down after 123 quarters time to do something. We'll look at. Do in order to pre orders wa you know you mentioned just what. To do. And blow will it is an issue detriment companies in this place and it's oak. Peace deal. Sure some restriction currently the just got laid off. So you know like the he nine a lot. But I think it would enjoy while we can't. Just like that sports. You're at that time. You know. It gets people in. Russia and OPEC pumping getting supply to an already supplied market the. Well this year and that some of the same. Occasions out there. And now oil. Well markers marks my own dropped out but that's OK I think we have enough information from thanks so much. Six parity. Time now for double WL first news I suit and a couple of spillway openings coming up bright the Bonnie care ray and the more game more Kansas and we're to talk to the corps of engineers. A couple of minutes from now and find out. The effects of that how it's gonna go about and is there any safe way eLearning safe place where people would go to watch this because in all of people. It is something awesome to see awesome in terms of powerful and I guess it easy. Other term meaning of awesome but. And it doesn't happen every day so he is actually people letter interest in engineering wondered sent around last if there's any safe way for them to to watch that. A pretty jaguar opinion poll which had not really talked about does gun control worker doesn't only hurt law abiding citizens. 14% are saying it hurts. It works rather 86% are saying it only hurts law abiding citizens. We'll take that on later as well I did not watch the president's town home meeting because. I didn't think anybody was gonna say any thing pro gun and he was gonna say you know one thing on a second car. I never thought about that before you're right I didn't see that happening nor did I see anybody that. Asked him a gun control questioned him disagreeing with them yeah I think his position is pretty clear side I don't. I don't think there's anything new to be mine near sighted and in wanted but it is an interesting readied jaguar opinion poll and we will. Talk about it in terms of 401 k.s in the market. The Texans and always remember that you haven't actually lost any money when the market dives into you actually sell. The stocks don't panic and we formed a recovered. That's some good advice another one says open of spillway is Louisiana's Niagara Falls and that might be a good way to look at it because it generates. A lot of interest and talk to Ricky boy yet to keep public affairs. For the Army Corps of Engineers who owns district when we come back on double WLI. Six. 4416. Before a seven. Elvis. Would have been. Only. 85 today Cleveland. But today as the editors whose birthday Ricky boy yet joins rent and cheap public affairs for the Army Corps of Engineers. New Orleans district morning Ricky. Hey I don't arm until well synagogue and a few from here not enemy dead boy yea although that sounds like you canning ravioli so let's leave it at boy yet. Oh yeah tell me about the spillway openings. I guess first off but he where each is what each is gonna mean. And then if people can go some where safely and watch it. Sure the demonic Mary we're going to be on the monitors spill way. On Sunday we're expecting to be starting around 10 o'clock and that is open to the public I think it's it's it's a big event and now 20082000. All of them. Honest and we had publicly. Well client. 800 people there during the days and as a result of the he would if you haven't seen it. So where would you go for people have not seen it Ricky where would you go. To see it did did people may want to bring kids out etc. Sure absolutely and it's an orca and it's your head and memorable road he would keep going I doubt for a two narco the rebel ticket could band at that point or is closed. And then you had the optional walked to our office but we have a long levees along the side and we have put Iran. Somebody committed earlier to Niagara Falls and I think it is interesting because it doesn't happen that often and it is. Kinda like game a a display if you will of the awesome power of nature so tell me about the more Kansas spillway in the difference between the two. So animal and the spillway were still we're still look in the fifth it's going to be needed. And I think that's a good thing I don't think anybody wants to operate his electric unhappy. But and operated in accordance with the with the guidelines and now we're talking on the forecast the if it were gonna meet those guidelines. Now than they do the same thing aren't here anymore and they're designed to be detained the same coping to divert water off the Mississippi River. To regulate the water that flows below the river. For more gambit it'll nor. And so it's not that labor intensive process. I blank areas we have 7000 needles and each one has to be manually lifted with the Korean person. Now I do you have to say if the decision is made for operation of organza. The way it situated on highway one we will not be able to make that would open to the public but will July tree. And along those lines they get a text about drones. Welcome to get aerial footage. Light. So for either structure but it four body care specifically we cannot allow drones out. On this site we have they have several guys in cranes working on the sides can't risk of their sixty. And makes ever been a sense to me in terms of the water from a more against a spillway not lived here all my life with. Where where does that go to set flown to the river goes somewhere else. So the audiences. For the latest spillway. Well it goes whatever it is it's about an hour more compact version because it's a play away in an accent kind of slopes on. And doesn't the chapel iron harper and ultimately fallout and Morgan City. Mom in terms of wildlife etc. I mean you know I think everybody whether it affects a lake or not we had Carlton do for show on. The other day you know it's been in flooding houses in new one in in the area in this same with more against it but is there a difference in the effect on the environment with more again saying if you decide to open that end. Money caring. You know we went with both. Then the decision to operate it instrument by the safety of the public. But we know that they're going to be impacts and now while it as a component a book with. The Bonnie carry your your focus is mostly on the finish yet pallid sturgeon. The people there is who wanna capture them and return to the river and then you have Asian carp or you don't want getting into the lake and ultimately millions of the other. Rivers that they're not now with more and does that focuses black bear. And delays that we set out the opening procedures to very slow opening. And that is to give it time for the black bears to it out of Villa of the flood. It dumb questions of did you have nets immediate threat some of the station not the others. I'm gonna have to leave that a Padilla fish in politics there are geared yeah it's pretty impressive debut and so the searchable content through. The spillway and there are we can't pinpoint where they'll go right afterwards and that they do capture. Note spillway does that kind of a little spillage create enough back at camp back and I capture something. A bomb in terms of watching it again eighth or soft the website you goaded cool website and maybe it'll map or find a week ago. Put bill yes absolutely that you nor our web site it's WWW. Dot MB. And not use as a CE. Dot army dot mil. But the easiest way to get there's a school Corbett nears New Orleans. Then we'll have all The Beatles on that not only for the spill operations. What we're donor and Oakland side and tourniquet he professional. One other thing is that because it's so early this year is their chance he gets closing in if they if there happens habeas brook spring thaw up north in the river raisin rises again would you close in the opener do you sleep and open. Well we we we do with our report houses do so for the body Cary. We wanna keep the water at one point 25 million in the war on so we kind of opened based on how long hours and and closer quarters to a if there is second arise. You know during the spree. Ben there is possibility that it could be operated again. Well thank you glad you took the timer Q very informative. Operate interpret here beauty of a good day and now to get out there and like to see it now Ricky boy he had chief of public affairs for the Army Corps of Engineers who owns district and yes you can take the family appears in the opening of the Bonnie terror I keep on core rate money Kerry's bill way. When that happens tomorrow morning and I'll look it up on confuse 656519. Before seven time now for WL traffic. 656. Tommy Tucker when we come back we're gonna look at the president and gun control and Ted Cruz a Republican presidential candidates and President Obama wants take your guns away you think that's true. And is there any form of gun control that will actually work that is Nara ready jaguar opinion. Pulled it would asking new ad eights double WL that Tom weaken on down. Log on revenues for the long night does gun control worker doesn't only hurt. Law in citizens and never heard of anybody loading down in logged off logged on via blood down. Anyway the answers as it stands right now the percentages of question about Duncan done controlled visit work or does it only hurt law abiding citizens 72%. Say you know what. It's only certain people wouldn't commit a crime anyway 26 or 28% are saying it works we will attack that subject. Next hour in terms of the spillway opening it is going to be 10 o'clock. On Sunday morning and eighties and went in at a picture right now of ships on the river. And it's almost like oh a lot type system where the you know one level of water's different than the other and I just wonder if that would affect. The leadership is piloted it suddenly there would be a strong current toward the the did this side depending on which way the ship was going of course. That the water was rushing into the spillway. And rivers treacherous enough especially when it's time. Com have your cap then I'd like to hear from you ran a cause and has been holding its Alice's Elvis story hey ray how you Dylan. The extraordinary book. But but you. Ever. Some. What were probably a you will be knows that. Civil. Would it and probably the only way we can chip. So if we get care when it actually Atlanta. And yet we don't realize oh it was in you as it won't open. And they get there. Now. And drop. It on the power. Spots and an opus one of those what. Yet but caught. On video well. Number I'm. Like. You're out. Of the street when a group. Opel on. They're not. Or. Don't trip. This Paris. So with the IR two. The Alps whose name and he just from not everything else that Paris says offer. Idea thank you re employed yet good trip and instead whose city of lights it I guess as a city of the king or Elvis I did find out Elvis would have been 81 today. Had he been alive and some people maybe it's better they don't have to be 81 back in a flash.