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NASDAQ did get a read what's -- -- on and how people are reacting there -- Well I think we're talking about -- -- we'll go this Times Square here at the NASDAQ we're gonna go on forever and ever and ever until this story is told guess we -- live at the NASDAQ market site.
And it's actually a perfect place to get you a sense of how at least what portion of the market has done -- for example the NASDAQ over the past four years so this is the line here.
Back in 2009 the -- levels of around 1529.
Yes it's been choppy of course because the news flow has been so choppy move all the way up -- today after today's pretty significant rally.
That NASDAQ ended at 3011.
You know -- the NASDAQ you're talking about some 3226.
Listed companies many of them companies.
-- you on their products you on their stock Microsoft.
Magic Jack but let's get right to the document -- the magic heavier -- -- this is Bob Greifeld the CEO of the NASDAQ great to have lead to heavier tonight it's a pleasure.
We got that -- got to go to jail lets out a lot of echo of you know people descend upon this area because they get a sense from here at the NASDAQ the business story out of it you know.
You talked to so many business leaders what has been the number one thing you've heard from NASDAQ listed companies by far and away the number one thing that business leaders are concerned about is the deficit.
Yet to recognize for every dollar we take in as the US government for revenue we spend a dollar fifty that cannot continue you cannot have economic growth.
When -- spending 50% more than your revenue can help people talk about the economy unemployment but when you talk about the debt it's the -- people who understand the ramifications of the weight of that.
Today we're certainly free riding on the fact that we have a low interest rate environment.
If interest rates were to realize that the debt service would crowd out any investment we can make in education.
Infrastructure in our future so we have to really reduce the deficit.
Cut down the opportunity for interest cost to really choke out any other investor we could make -- Talk about how they want to be able to hire more but they can't because they don't have the demand for their products.
Except for apple should just put themselves up constantly apple NASDAQ listed stock s.'s News Corp.
the parent markup -- this company -- well.
-- what creates demand that's a very tricky prospect well it's such.
Get an -- argument and I think you have to look at the underlying fundamentals.
Of what is seek health -- the economy and that it will determine the demand and -- determine the supply.
So the fact is you have to build this economy.
Solid foundation and I can guarantee one thing the economy cannot grow.
Will not grow over the next four years if we continue to spend as a say 50% more than the dollars we taken.
The business community is going to rally behind that message post election we -- -- number one issue on our agenda.
There are companies NASDAQ listed companies that have done beautifully as we pointed out the NASDAQ over president Obama's period has returned 96%.
Some of the names we can put them up on the screen that have had.
Unbelievable return -- -- -- of well there's there's -- Magic -- that it -- it that's a check of the big appetizer for Fox Business -- -- that is great company to his fourth 1500%.
Return over the past for -- select comfort 8500%.
It up here wants 4165%.
You could argue that that's a discretionary company people don't have to buy the wicker chairs.
If there really scraping but you know how how was it you've been out -- Romney supporter.
How was it that.
He can do that much better what do you think.
Well first off by political views -- my own and now let's say who I support but I think it's important recognize.
The difference between the macro environment and the micro environment.
So when we talk about the deficit fell crowd out crowd -- any macro economic growth.
Within this large economy even if we have bad economic times and declining employment declining GDP.
You still have the superstar companies that really have.
Unique innovative products were fortunate to have a large number of them listed here.
On the NASDAQ market site say it's always going to be the exceptions will always be there.
But we have to worry about all the companies in the ability for companies to really have the advantage of having.
A tail wind as opposed to a head but we have to create a tail wind environment where economic forces are working was company.
Series -- -- another one that is done so well that it has great product at the hell I don't with some real Leavitt.
-- optimistic no matter who wins the Miss America you talk about that the heart of capitalism right here at the NASDAQ market site Times Square outer window yet I.
I am optimistic I'm also optimistic this the congress that will reconvene in 2013.
We'll be more of serious -- serious purpose and -- look at the fact that we have to actually get things done.
We need our policy makers come out with regional policy.
And I talked to them on a regular basis they all recognize that I think in 2013 to -- great progress there.
Bob -- -- -- optimistic is ever thank you so much CEO of the NASDAQ again they'll -- square outside our window will be taking you out there -- venture out.
We'll see in about it don't forget the falafel -- kind of forget him.
And I'd like there you go all right a -- lives very much right not --
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