Rick Santelli on Jobless Claims , Debt Ceiling & Housing

Jobless claims are 414,000 for last week Rick Santelli "box. litany of data to come out momentarily. jobless claims, definitely did a bit of a retreat. subtract 16 from 30,000, one sixth down to 414,000. however, ten straight week above 400,000. continuing claims revised up a bit close to 3.7 million. then they came back down on the current read around 3.67 million starts. this is better than expected for change in housing. looking for 550. seasonally adjusted annualized rate 560 k. up 19,000 from a slightly revised 541. now if we look at the permit side, looks like we're going to be up close to, what, close to 9%. quick math. 61 k from 563,000. so both the housing numbers are definitely better than expected. claims dropped but still above 400,000. and you know all those debt ceiling issues we were talking about a couple of days ago, here we sit at a ten year. breached it briefly. how do you get 30% on a two year note? grecian, slightly below as these rates are astronomical. the markets usually win when people try to affect its outcome. 30% yield. back to you ."