{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Market rallies as investors anticipate another interest rate cut' data-url='/boclips/videos/5c54c0d9d8eafeecae14dd67' data-video-url='/boclips/videos/5c54c0d9d8eafeecae14dd67' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMarket rallies as investors anticipate another interest rate cut\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eNew York City - January 29th, 20081. Wide pan of NYSE floorAP TelevisionNew York City - January 29th, 20082. SOUNDBITE: (English) Sam Stovall, Senior equities strategist Standard and Poor's:\"The first two indicators show that maybe the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eNew York City - January 29th, 2008\u003cbr/\u003e1. Wide pan of NYSE floor\u003cbr/\u003eAP Television\u003cbr/\u003eNew York City - January 29th, 2008\u003cbr/\u003e2. SOUNDBITE: (English) Sam Stovall, Senior equities strategist Standard and Poor's:\u003cbr/\u003e\"The first two indicators show that maybe the the fed will cut rates by 50 basis points tomorrow, whereas the third indicator won't cut rates at all or only do so by 25 basis points. So, again economic data sort of conflicting one another implying that in some there's strength but in other areas there's still weakness.\"\u003cbr/\u003eNew York City - January 29th, 2008\u003cbr/\u003eNew York City\u003cbr/\u003e3. Tight shot NYSE floor \u003cbr/\u003eAP Television\u003cbr/\u003eNew York City - January 29th, 2008\u003cbr/\u003e4. SOUNDBITE: (English) Sam Stovall, Senior equities strategist Standard and Poor's:\u003cbr/\u003e\"Our feeling is that if the Republicans and Democrats agreed right away that we probably wouldn't get a law passed until mid February anyway because of the committees that it has to go through. We probably would not see the treasury not print the checks until May and then people wouldn't really get them until sometime in late May or June and then the spending would probably take place in the third quarter sometime. So the feeling is they could be getting the numbers just as the economy is likely to be coming out of a recession and as a result we end up getting a little bit of a pop in the spending that we needed earlier on but don't really need later on.\"\u003cbr/\u003e5. Close up of people on Manhattan streets\u003cbr/\u003e6. SOUNDBITE: (English) Vince Procacco, New York resident:\u003cbr/\u003e\"I think the whole economic stimulus package is a bunch of nonsense. We have a 15 trillion dollar economy and he's going to pump 150 billion dollars into it and expect it to move. It's like putting a drop into the ocean. I think it doesn't make much bit of difference.\"\u003cbr/\u003e7. Wide shot of people on Manhattan streets\u003cbr/\u003e8. SOUNDBITE: (English) Lisa Wolfrum, New York resident:\u003cbr/\u003e\"I think we will pay down credit card debt that we already have. So it will help, but not in a manner that he wants.\"\u003cbr/\u003e9. Wide tilt down of newsstand\u003cbr/\u003e10. Tight shot of USA Today headline\u003cbr/\u003e11. Tight shot of New York Times headline\u003cbr/\u003e12.Mid shot of New York Times\u003cbr/\u003eAP Television\u003cbr/\u003eFILE - Washington, DC - date unknown\u003cbr/\u003e13. Wide shot Federal Reserve building\u003cbr/\u003e14. Tight shot Federal Reserve building\u003cbr/\u003eStock prices were higher in mid-day trading on Tuesday. The Dow Jones Industrial Average was up close to 100 points and the Standard-and-Poor's 500 Stock Index up nine points.\u003cbr/\u003eStocks were moving higher as investors anticipated another rate cut from the Federal Reserve. What the central bank actually intends to do should be known on Wednesday afternoon, at the conclusion of the two-day policy-setting session. \u003cbr/\u003eIndicators moving the market were a mixed bag. Standard \u0026amp; Poor's /Case-Shiller home price index, a measure of US home prices, slid 8.4% in the November 10-city composite index, easily beating the previous record of 6.7% set in the October index.\u003cbr/\u003eAlso, consumer confidence in the United States fell sharply. The New York-based Conference Board said that its Consumer Confidence Index dropped to 87.9 in January from a revised 90.6 in December. That put it back to about where it was in November, when it registered 87.8.\u003cbr/\u003eYet there was also some encouraging news on the economy on Tuesday morning, when the Commerce Department reported that orders for big-ticket durable goods rose 5.2 percent in December, the biggest jump in five months.\u003cbr/\u003e\"The first two indicators show that maybe the the fed will cut rates by 50 basis points tomorrow, where as the third indicator shows that maybe the fed won't cut rates at all or only do so by 25 basis points. So, again economic data sort of conflicting one another implying that in some there's strength but in other areas there's still weakness, \" said Sam Stovall, senior equities strategist at Standard \u0026amp; Poor's.\u003cbr/\u003eStovall went onto say the implementation of a proposed economic stimulus plan by congress could be helpful, but maybe mistimed if the infusion of cash comes at the end of a possible second and third quarter recession.\u003cbr/\u003e\"We probably would not see the treasury not print the checks until May and then people wouldn't really get them until sometime in late May or June and then the spending would probably take place in the third quarter sometime\" he said. \"So the feeling is they could be getting the numbers just as the economy is likely to be coming out of a recession and as result we end up getting a little bit of a pop in the spending  that we needed earlier on but don't really need later on.\"\u003cbr/\u003eNew Yorkers who had watched President Bush's state of the union address on Monday night were not nearly as diplomatic in their comments as Stovall. \u003cbr/\u003eVince Procacco believed the stimulus plan didn't go far enough, saying; \"I think the whole economic stimulus package is a bunch of nonsense. We have a 15 trillion dollar economy and he's going to pump 150 billion dollars into it and expect it to move. It's like putting a drop into the ocean. I think it doesn't make much bit of difference.\" \u003cbr/\u003eLisa Wolfrum, who watched the speech said she thinks people will pay off bills first and not spend the money freely, \"I think we will pay down credit card debt that we already have. So it will help, but not in a manner that he wants.\"\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" 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