PLEDGE NOW
Stock Market Highs — Plus: Angelina Jolie’s Cancer Decision

All- time highs in the stock market lately.  We ask why, and whether it says recovery or bubble. Plus: Angelina Jolie’s decision to have a double mastectomy.

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

Last week, the Dow hit numbers we’ve never seen before.  15,000-plus.  The S&P at all-time high stock market numbers, too.

So, what’s going on?  Recovery?  Bubble?  Something else?  Is it all about the Fed?  Millions of Americans have nothing to do with the stock market these days.  But millions do need to save, build a nest egg. So what’s going on on Wall Street?

This hour, On Point:  dissecting the big run-up in stocks, and what it means.

Plus: we will look at superstar actress Angelina Jolie’s decision to have a double mastectomy at 37 to reduce her risk of breast cancer.

- Tom Ashbrook

Guests

Steven Russolillo, covers financial markets for the Wall Street Journal. (@russolillo)

Allen Sinai, chief global economist at Decision Economics.

Michael Pento, president of Pento Portfolio Strategies. Author of “The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.” (@michaelpento)

Closing Segment on Angelina Jolie’s Preventative Mastectomy

Angelina Jolie looks to the media as she leaves a G8 Foreign Ministers meeting on sexual violence against women in London, Thursday, April, 11, 2013. (AP)

Angelina Jolie.(AP)

Dr. Judy Garber, director of the Center for Cancer Genetics and Prevention at the Dana Farber Cancer Institute. Professor of Medicine at Harvard Medical School.

Angelina Jolie’s op-ed in the New York Times: My Medical Choice.

From Tom’s Reading List

The Associated Press: Dow Has Its First Close Above 15,000 Points — “Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.”

The Wall Street Journal: Economic Road Clearing, but the Going is Slow — “After four years of crises, foreign and domestic, that threatened to plunge the U.S. economy back into recession, the road ahead at last looks comparatively free of roadblocks. But progress remains slow, and there is little reason to expect meaningful acceleration in coming months.”

The Washington Post: Why are hedge fund titans so upset about the stock market boom? — “We can argue all day long about whether quantitative easing policies from the world’s central banks are doing much to help the economy. But this much is for darn sure: It is boosting a wide range of financial markets.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

RECENT
SHOWS
Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Our Week In The Web: July 3, 2015
Friday, Jul 3, 2015

We made a lot of last-minute programming changes these past few weeks, and you stuck around with us through it all. Thanks!

More »
Comment
 
Election 2016: Who Exactly Is Running For President?
Tuesday, Jun 30, 2015

Who is running for President, anyway? We attempt to help you figure it out.

More »
9 Comments
 
Our Week In The Web: June 19, 2015
Friday, Jun 19, 2015

Why our broadcast changed in different markets this week, and a closer look at a puppet theatre vandalism in rural Norway. (Really).

More »
Comment