SEAN HANNITY (HOST): Maria Bartiromo, congrats on the book. 33.1%.
MARIA BARTIROMO (GUEST): Thank you so much.
HANNITY: 33.1%. You know markets as well as anybody I know. Would you like to explain?
BARTIROMO: Yah Sean, thank you so much. Things are getting better, for sure. That GDP number, better than expected. A BAFO number at 33.1% annually. But when you dig deeper into this number, it really is stunning what's going on.
Automobile production was up almost 1200%. You just mentioned business equipment spending -- 70% higher. The consumer is holding up incredibly well here. We are seeing a rebound and we are gonna see continued growth in the fourth quarter and into 2021.
What's really stunning, Sean, is to how well the consumer is handling this pandemic and how he or she is holding up so well, even in the face of a lack of any more stimulus.
This morning I spoke with Larry Kudlow and he said, “An interesting thing happened today. Nancy Pelosi sent Secretary Mnuchin a letter about these stimulus negotiations but somehow Politico got a hand on that letter before it even got to the Treasury Secretary.” Larry Kudlow said, “We are out, this is ‘game over.’ She is stringing us along and as you see from these numbers it’s ok so far. We are going to need some stimulus at some point.