Charles lets begin with the earnings about after the close, almost everything that report after close, looks great, big to mid side companies, almost everyone beat, one disaster, well get to that. This could be great news, these earnings come this morning a lot of companies with strong earnings in key sectors, industrial, and homebuilders and important stocks transportation stocks. Joining to help us figure it out. Jim a. Chief strategist, david nelson, pretty good session, i think oil led the way even oil was not up big it was on verge of cracking down, but transports dipped well, then numbers after the close. You know market was struggling early in the morning. If oil could turn i guess anything can turn that is how session played out. Charles is that like. You know a point in time, everythig is, twitter just an hour ago it was up big. Now i think last i looked it reversed. When you dig into numbers, market was oversold looking for anything. Even some beats stocks up big, you get to numbers, they are not as good as they seem. Charles hillary . Everyone knows twitter, wall street journal said this market has been led by 6 stocks one is gilead, they crushed them on top line, bottom line, their hepatitis drug doing well. That is a bona fide juggernaut, twitter to davids point, it may not be a well weather about we know the name. Companies like gilead have built a Consumer Base globally. With twitters the issue is specific, we look at facebook tomorrow and their earnings, facebook has 1. 4 billion users, on twitter monthly user is 316 million. Charles also, twitter was up, facebook went up, and twitter went down but as of right now facebook is still up. Jim awad, a lot to come through, a ton of earnings after the bell, to davids point, Buffalo Wild Wings missed and pae panera bread mexed but they are up. Broader issue this is an okay earnings seen, some days are better than others, but oil that you mentions and the fact that china overnight rallied from their low, that brought in short covering. I dont think that todays particularly meaningful, it is reversible, economic numbers today were just okay. Tomorrow is a new day are we electric at fed, and china or night. Charles what makes reversal meaningful . What tony at what point do so say is there a number, maybe a point you say maybe it was a test, maybe we pass that. If we can put china to bed and rest, put fed to bed and rest, and concentrate on earnings, they are good enough for stock market, to not go down, and maybe go up from here there we have to go to revenue, i saw a wel lot this quarter was revenue. Charles weve seen that for over a year now. You look at market were struggling. Charles this year were unchanged. We saw that with ups, interesting today, margins are good, bottom line is excellent but, look at revenue, down 1 yor yearoveryear that unace to visitor. Some is from the dollar. They said that, but a dollar a dollar that is the elephant in the room. Charles they call it Fund Protection team. You conspiracy theorists you know what im talking about. We talk about china, and how government is trying to control that selloff. What about our market . Officially this is title, working group of financial market, created under Ronald Reagan to stem selloffs in the market. The street calls it plunge protect team, Everyone Wants to know the white house allow this market to actual back . Joining us now, jeff, you are a skeptic a bear, do you believe in a plunge protect team will they go to work . No question, the plunge Protection Team has been in formation for years, what i anticipate as we get closer to the election they will put effort into over drive, make sure that this market does not plummet because that will be worse thing for all of these supports in white house. Charles how do they do that . I look at data, they are not buying u. S. Stocks. They are buying overseas stocks, and bonds, they pulled out billions from our markets, what is holding our market up. First weapon they have is monitor policy they keep liquidity going, second weapon is artificially suppressing interest rates, keeping them low so margin is high. Right now, we have among highest margin in leverage that weve seen since 2008. Those of two ways, third way, is making comments giving commentary on the valuations, so by janet yellen, and ben bernanke say were not in an asset bubel that is manipulates the market, giving investors a false insurance that market is not over value, i think it reckless and unnecessary but i think they will kick it into over drive now were closer to the election. Charles when yellen said that biotechs were in a bubble it went opposite way. All right, fed meeting began today, think about this considering today, Consumer Confidence number unmitigated disaster, hope ownership is down, lowest number since 1967. We talk about stock market weakness and we live with a lack of wage growth. So, seems that will be perfect time for feds to say this not working were not raising rates. Fed may hint that september they are going to raise they are worried about that asset bubble. Charles what asset bubble . Janet yellen knows what we know, she knows wage are down, millions have left the job market. I dont understand maybe in my mind, this is what fed to is tealing with they have to convince themselves and the world they are important. We hit a pedbump , speed bup we got china to worry about, and you said an could clues to push it off to next year, but were not at crisis lows of 20082009 in terms of the economy, i think that fed has to realiz to rezere wrong number. When they raise rates it is probably going to be slow. Charles jim, what is risk of leaving rates at zero. It creates artificial imbalances in the system. That a more normalize rate would not leave, you dont know after effects until later, you create a lot of leverage loans, and covenant light loans, and a reach for field in the fixed income markets. Charles you say it incourages risk taking. On the part of investor seeking return on capital, longer that goes on, and becomes detached from the real economic, the greater you have a chance for real economy and the market to meet in a very unhappy way. Charles if they are too early . If fed raises and market seizes up, there are so many algorithms we might see some unwinding in the market, but this is time for fed to stop this, take a step raise rates. Charles all right, i wish that fed did not exist. But since they have their hands dirty, such a part of the market, psychologically all that money has not hit main street, what do you think they going to do . In my mind, i think yellen, her socalled dashboard has to be blinking red lights. I think that this fed is so out of touch with reality, they actually think that they are helping. I dont believe that there is going to be a point they will admit they are wrong, what i do think is that they will come under some pressure to stop distorting asset prices as they have been they create the a leverage margin situation in the market which dire, people dont see that because markets have been volatile but relatively behaved, they will they are going to unwind this slowly, i dont expect them to do anything this year, i think it is going to happen next year, too much structural weakness, and admitting they are wrong would never happen. Deidre i think we know that i dont know what it is but when you become fed chairman you get some kind of a against arrogance, nfl commissioner, well he decided on uphold the tom brady 4 game suspension. Well talk about Tom Brady Andy can plate gate when we and degreadeflate gate when we come. [ male announcer ] some come here to build something smarter. Some come here to build something stronger. Others come to build something faster. Something safer. Something greener. Something the whole world can share. People come to boeing to do many different things. But its always about the very thing we do best. Charles breaking news we just learned that Roger Goodell, nfl commissioner is upholding his suspicion of tom brady. Joining me now, Daily National sports editor. And seth, a sports and business law attorney, a lot of people shocked. Your thoughts. I am not surprised there was not a resolution between league and union, what surprised me were revelation that omissioner issued that was slamming tom brady for destruction of electronic evidence and his cell phone, there were two big developments first an affirmation of decision by commissioner that slammed tom brady based on evidence. Thulg thissagthen this afternooa development that happened, in manhattan. So it will be an action to turn heat up on tom brady. Charles having said that, tom brady, with appeals process looks like he is sitting out those 4 games. It will be hard for him to overcome it only way is where a legal injunction that very difficult. Charles reminds me a little bit of the the go golly, marta stewart, he was punished not necessarily for the crime but the coverup, we talked about it we thought one game, this was a comeuppance. It was romge Rodger Goodell g down hammer, invoking his ultimate authority. I thought, saying it would go to one game, i thought he would have seen evidence and landscape and thought, i cant be judge and executioner. There is seth mentioned a little likely head of winning in an appeal but he could go one degree ask for another arbitrator to hear this. Very unlikely scenario. They would probably not want to set this precedent. But nfl and Player Association if they came to an agreement for a third party to hear. Very unlikely. Hidden in this news, greg harding was in trouble with a continue game suspension, ugly domestic violent, his 10 game rs deucesreduced to 4 games, why wd that merit same punishment as a slightly deflated football. That is what observers are say, arbitrate punishment for most severe of instances, those were arbitrary like this against tom brady, like it was the last year and year before with new orleans saints, these are this is a precedent that Roger Goodell set. Charles he made nfl a lot of money, and money for himself, some people might argue he is the perfect commissioner. A lot of people will debate whether this was fair or not, idea that merits same punishment as harding is hard to accept. He has been sharp and aggressive on this, i agree there could be an argument for dispro portion at injustice. So i agree with you this is controversial case, but the en of day i believe they have heat on brady. Charles mike, where do we go from here . Best player, in league, make an example out of him, you know maybe, now nfl turns a corner a little bit . Focuses on positive pres . In probably not, this is going to be main story that everyone in training camp, starts on wednesday, and thursday for most times all anyone they will talk about. If this drags on. Charles can you get penalized for over inflating. I have a feeling a lot of over inflate to be safe. Coming up stocks turn after 5 miserable days, keep them coming ask payne is next, tweet me. I sure had a lot on my mind when i got out of the hospital after a dvt blood clot. What about my family . My lil buddy . And what if this happened again . I was given warfarin in the hospital but i wondered if this was the right treatment for me. Then my doctor told me about eliquis. Eliquis treats dvt and pe blood clots and reduces the risk of them happening again. Not only does eliquis treat dvt and pe blood clots, but eliquis also had significantly less major bleeding than the standard treatment. Knowing eliquis had both. Turned around my thinking. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. If you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. While taking eliquis, you may bruise more easily. And it may take longer than usual for bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis treats dvt pe blood clots. Plus had less major bleeding. Both made switching to eliquis right for me. Ask your doctor if its right for you. Charles were not getting to all of them, but we have them coming in thank you. Pat said, thoughts on micron, i am long a little cheaper. Wow, congratulations, i think that worse is over, you are in know, i think they crush the stock, i think a trade mid to high 20s. Takeover rumors are back buy micron here, we buy it. It cheap. I think it is oversold. Volume possible you are right, utilities looked really good down fivedays in a row that is your kneejerk place to go. I am not in them yet. If you are looking for protect, you get one with 4 yield. I love utility, however watch junk bonds and yields investors. Average person is not going to be able to do that do you just by 1 edison . I would. It is not for me, i think longterm you can make a story for it grid will change. Depends on what you bought it for amazing earnings report. I was in it, i should have asked you about this. Expensive trading 18 times earnings, not right here. Don bailout too early in your thoughts on probable rate hike. Nothing tomorrow i dont think they will do anything. Fed knows that this economy is in bad shape. A investor for if when correct happens, buy, buy, buy. There is nothing like being young, and take risk, you young people have 50 of your money in cash, i dont understand that you have to put it to work. You should not be timing the market if you are a kid, just get in, start at get to in market stay in market, get diversified. I got an email other day, one of my losers, im getting crushed on it, of all stocks i told them to buy they just bought two, you cant buy just onone or two names, you have to have a diversified portfolio, add to it. You want to be out there diversify. Industrial, retail, hightech. Charles if you are young and a correct happens i would be aggressive, most Intimidating Agency in government, irs, but they cannot escape heat, fallout from targets conservative groups continues, gerri willis is joining us with the latest details, next. Under the sea you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. Those things had to change. We wanted to restore our lighting system in the city. You can have the greatest dreams in the world, but unless you can finance those dreams, it doesnt happen. At the time that the bankruptcy filing was done, the Public Lighting Authority had a hard time of finding a bank. Citi did not run away from the table like some other bankers did. Citi had the strength to help us go to the credit markets and raise the money. Its a brighter day in detroit. People can see better when theyre out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. And folks are making investments and the community is moving forward. 40 of the lights were out, but theyre not out for long. Theyre coming back. Seals out more food particles. So your food wont get stuck. And you can enjoy every single bite. Eat loud. Live loud. Super poligrip. Seals out more food. Charles irs scandal gets worse and worse, all eyes on the irs. As senate gets ready to grow, mishandling of related emails there growing calls for the commissioner to be removed joining us gerri willis. And jessy dunne. Jerry you have been on top of this, much to chagrin of irs it is not going away. You destroy back up. You still. Charles it works for hillary. You are so quick to get to that. Will be interesting tomorrow, in front of senate, and already jason called for to be removed from his job, nothing happened, white house not responded only Treasury Department said we like john. He a great guy, what happens next, i cant imagine they are going to put him out on a limb. Charles so same circus . Same circus, i dont think koss kin walking the plank or leaving. I agree with him about not leaving. Charles what about idea they targeted these groups, and admission to a certain degree admitting this but place blame on congress. There is frustration on republican part they have not been able to connection this directly to the white house. They are checking all 5013 cs. Do you think that man losing his job will make all these people feel better. Yes. Jessy, you know just this one guy walking plank, i dont think is enough, i think a serious infraction has been made against the important public when irs using this as a weapon perhap bees highest office in land that is scary stuff. In 2012, president said i have no patience for this. You know i am sorry for poor grammer. And fact is that he was fully aware of it but it was an election year, he wanted to appeal to moderates those who were offensed this irs could abuse its power, this is systemic among the government. You increase government, your freedoms restrict, you see it with Hillary Clinton and her email server and lois learner and her email it is obvious they have targeted people. Charles obstruct, and also what about what they do go to hearings, jessica maybe you can tell me it has to chip away at democrat brand. Look at hill res hillarys poll numbers that is part of this. The destruction of emails, i agree with you, not just democrat it is all of governme government. He did not fix it, it started before he was there. Next guy is not going to fix it. Good news for you. If you cannot afford to go to college, go to jail. Obama administration, they will restore federal funding for prison intimates to take college courses. I know you probably this is amazing good stuff. Pehl grants for everyone in cell block c. What offends me about that, i was on active duty on marine corps overl over only 75 of my education was covered. The fact is that only 13 ampy that got out of prison have demonstrate they have been able to get to workforce, why do we look at ways to prevent people from going into prison, spend this more wisely. Why are we not giving them training they could use, there are a lot of skills out there, things that people are not worried about looking whether you have a criminal felony on your record. Charles a lot of people say it costs less to do this then to house someone in prison, but, you change them, is really tough. I think this one of those boondoggles even if it came from a place of honest caring it is not going to work. We dont know yet. Charles they had the program in before they are bringing it back. Conditions have changed. Were in midst of a criminal Justice Reform moment. Charles that is youv euphemisr let everyone go except the criminals. You talk about getting 3 million voters on a voting roll. Right. I would say, inmates they owe a debt on society, society does not owe them a debt. Thank you. Bingo. What what happens when they get out, they dont have opportunity because they dont have an education. They are saying all of assessty needso Society Needs a chance. Charles we just dont do that i find thisly active measure to coul why not focus revenuef money into focusing on kids graduating high school. We have such low graduation rates, 60 of these criminals are going back to prison this is not a high enough success rate, focus on being proactive this preactive measure means go to jail, get a degree, that is ridiculous 92 it. Maybe some people have a good heart but, i think you are rewarding bad behavior. 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See how new york can give your business the opportunity to grow at ny. Gov business charles robots will turn on us is what elan musk and Stephen Hawkings and a lot others are saying, stop militarizing Artificial Intelligence. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Charles elan musk, Stephen Hawkings urging a military robot ban, they signed an open letter warning that military Artificial Intelligence we have entered to something akin to an arms race. Kurt, to you. How worry should we be . This is not first time we heard mart people talk about this, they have been pounding the table, they are serious this will end up ugly. They are sounding warning bells, were talking just a few years, that killer robots will be unleashed, concern i a autonomous warfare, they are dryindrydrawing a line if it isn that does not require a human to execute that deadly hit is where they draw the line, it is going to spawn an arms race of the killertype robots, terrorists will do it because the cost of entry is very low. And materials are accessible not like a Nuclear Warhead that requires a great deal of money, and at same time, is difficult to get all of components to a Nuclear Warhead. So, we dont have that concern for terrorists but we have a huge concern about every day people with very bad intentions able to do this sooner this starts, concern of this group is that everyone else will pile on, and now all of the a sudden, Artificial Intelligence robots will run the world of wars. Charles weve seen movies from terminator on down, you could see this is fantasy stuff, but you were in military, you understand what is going on, department of defense is really drivingidrivicexpediences of th. They would like this ready soon as 2030, we have over 4,000 men and women buy in iraq and afghanistan, 32,000 casualties people without arms and legs, and traumatic leg injury, you look at human toll regular warfare is causing you have to occur this could eliminate a lot of that, warfare has decreased in loss of life over years because of technology. It h has made people have less loss of life, casualties of world war ii that was brutal, there were no robots. Charles although. Were in the wars we never end them with withdraws and potted lethe voblem problem is still there, is the risk worth it, that our enemies will possess . I think as long as it handled in a i dont know where this could go, i think that horse has left the barn there is technology out there, if were not using it. Going to a very bad place because there is no framework. You would want u. S. To have e you are making great points, we know isis is talking about uses more drones, we have to stay a step ahead. All right it thank you. Hey, your kids, you have a trouble, tough kid who thinks he is james dean, let me be, the rebellous kids make more money as adults, let them run wild. Well tell but it later. You drop 40 grand on a new set of wheels, then. Wham a minivan tbones you. Guess what your Insurance Company will only give you 37thousand to replace it. Depreciation they claim. How can my car depreciate before its first oil change . You ask. Maybe the better question is, why do you have that Insurance Company . With Liberty Mutual new car replacement, well replace the full value of your car. See Car Insurance in a whole new light. 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Charles trying to raise a successful family, rebellious kids make more money as adults rule breaking and i in de defiance of parent all authority. Regina what do you make of this, certain traits that rebellious kids that, they carry with them as adults it is with them as well. It bodes well for my 13yearold as well, they will either run a country, a company or be in jail. Charles these days they can do all 3 at one point. Because key thing is tenacity, that down road, helps you make it at thick skin, and wrestle work to ground, but you cant burn bridges. So, there is a fine line, i am sure dr. Robby can speak to this . Something to be said for people with a chip on their shoulder. I know that there is fine lines to be drawn, but it is pretty interesting back to old saying nice guys finish last. Well, i think when you are rebellious with purpose, it can help, these are people who dont like the status quo. Who dont like to be told no. And you know being a brat . It could be. But, i think it Development Alley normal during adolescents, which is what this study looked at, this is healthy rebelliou rebelliousness and unhealthy rebelliousness. For a kids that are self destructive that is dangerous, no parent wants to see that, if you are a parent that ands your teen is going to rebel, not against the you, that could be helpful. Charles we hear a lot, regina about forget iq tests but there is emotional testing other things have that have more, is something a potential employer may find upset apple cart but be a game changer you are worth it. They do, everyone is working for resilient, on the way, is, best coach, best teacher, pastor, drill sergeant will know how to channel this, this is terrific, but so often, they are so tenacious, they are the asker, can i do this . Can i do that, . , why note . It will drive you crazy. This is kid they give ball to, fourth down with a yard to go they find a way to win, you have to recognize it as a positive, channel it. Charles i was shocked, my 18yearold son sent me this report. Quickly, is there a we talked about, where should we worry, say, it is good that johnny has a rebellous streak but it is too much . If they are doing something dangerous, drinking and driving, that is not good. But if they are creative, dont let going get in their way that could bode well. Charles already, thank you appreciate it. Sell first ask questions later, historically a huge mistake if you want to be a successful investor, you cant change circumstances if you ignore your circumstances, i am going to explain it all, how you can make money longterm in this market, well be right back. Charles time for my marching orders, you dont hear much about Behavioral Analysis of the stock market. It was big a few years ago, its something that should be factored into all your decision make. Now the mood of investors is no doubt driven by doubt, fear, skepticism, and that neverending angst, right . Why would it be otherwise . Although much has been made over the last two stock market crashes and the housing meltdown, its what investors dealing with in real time and real life that is make them act, every single time the market looks weak as if its the worstcase scenario. This is how they deal with market stress. Real life wages are lower. Millions have bailed out on the stock market. Home ownership at the lowest level since 1967. Maybe it shouldnt be a surprise earlier today Consumer Confidence missed the mark bigtime. It was 90. 9 reading. Consensus was much, much higher than that. More worrisome is the plunge in expectations where. Consumers see the economy six months from now, completely off the charts in the wrong way. So with all that in mind and the constant talk of the next crash, the idea that investors can rely on great fundamentals of individual companies and longterm history is easier said than done, and yet thats exactly what youve got to do if you want to be a successful investor over a long period of time. All right, guys, back with us, hilary and dave. I wanted to have this conversation with you guys and the audience because i see people taking losses in the markets, i see people get frustrated and see a lot of mistakes, that happened over and over again. There are always going to be mistakes. You cant be perfect in the market. A lot of it is whats going on in the world. A bad day at work, bad day add home, bad day in life. Market is cut 10 point, what do you think, dave . We all do that, when were depressed and make bad decisions, you buy a bad stock and it goes down. Ive made the emotional call and sold the stock. If the reason you bought a stock no longer exists, its time to sell, twitter investors are making that decision. Charles its not all that simple, per se. If you think google is great, i guarantee people have lost a fortune on google and netflix. The up and down dips, its going to hurt you if you invest in the market longterm. Thats right, kneejerk reactions because we live in a kneejerk reaction kind of society now and the discipline of investing as collecting stocks for the long term has evaporated. Charles take a loss and thats where it becomes tough. Real quick, guys, you think well be able to pick up on the rally . With the earnings we had tonight, most of the companies are up despite twitter. Well see open higher. Charles what do you think . Higher tomorrow. Charles gilead, one of the six top stocks in the market, express grips knocked the cover off the ball. Citrix, the list goes on and on. Twitter is down. Thanks a lot for watching and, of course catch us every night at 6 00 p. M. If you cant see the show, dvr it. Tomorrow, big guest, lee cooperman. Well see you. Lou good evening, everybody. Im lou dobbs. Its now clear why most of the congress and senate appears adamantly opposed to the Obama Iranian Nuclear deal approved by the u. N. And clear why there was cheering in the streets of tehran when the deal was announced. The International AtomicEnergy Agency will not be allowed to inspect iranian facilities and bases but will allow iranians to perform the inspections of their own Nuclear Facilities and selfreport to the iaea. The ia