The same as wall street saw the two previous market peaks, september and may. The pricetoearnings ratio below 17 for the next 12 months. Right now ahead of what could be a couple of fed rate cuts and a trade deal still in the works with china, is the market still a value trade or a value trap . Who is that dion warwick it is dionne warwick. Like that wasnt on in your car on the way over. I love that sothebys stuff. Deja vu my voice, i apologize to the people at home i know you think you know me, and you say, absolutely, value trapped in terms of the s p and you know what, mel youd be wrong wrong wrong, i think its a value trade. I think its 17 times for ward earnings and in this low Interest Rate environment the market is not expensive and it will not sell off because because of other reasons and theyre right at the top and the fact that maybe the fed will disappoint or maybe there is no china deal or maybe this situation with iran gets worse and the mark has a lot of reason to sell of
Moment will come. And if that moment that comes we will assess at the time how you address it. The deal we did a couple years ago was gun. We are back to thes being where they are. Are. Have a solution for military. The administration is obviously less going to accept friendly cuts. And it limit crisis. Crisis. You guys both the economy again. Clicks give me a break. I dont mean you guys. Am talking about general disdain for congress. I am i am just sort of used to it. [laughter] clicks when i say you guys gen. Reference. Clicks when i say you say un the media, general reference. Clicks i i now we have a few things in front of us highways tax extenders that must be dealt with. So it is just way too early to speculate what the debt limit agreement looks like. I dont even want to go there. Im going to take a couple of 20 questions. One of them is what specific regulations would you modify your bias is showing again. I am. Specifically and channeling the financial reform. I would send the
Equifax about the hack that exposed Sensitive Information about 143 million customers including Social Security numbers, birthdays, and drivers licenses. Pure gold to thieves. Anna werner spoke with a victim. Business professor David Anderson fell victim to two other major hacks and now equifax as he showed us. They think youre impacted. Im their product taking my information telling me and release that out to who knows who. Eva valazquez says theyre getting an earful. Hearing from folks who are complaining that they dont understand what this means. And that they dont understand how they are supposed to react. The best step to take, a credit freeze. Thats where you instruct the credit reporting agencies to stop any one from accessing your Credit Information. For instance, as they would to offer you a new credit card. Credit freeze will lock the criminals out of oecuof opening accounts in your name. There are other types of identity theft. Medical. Criminal and governmental. At first eq
Wall streets rally set to continue at the open. Futures pointing to some new records. Plus at north korea continues to strength threatening missiles making it first major deal. Its going to buy missile and rocket maker orbital. The Credit Agency new of an Online Security flaw months before that massive data breach. First up, stocks are aiming to set some new record highs after the s p hit 2500 for the first time ever. Dow coming off a fourth Straight Record close capping its best record week of the year and the nasdaq posted a record high on friday. All of that jim as were on the lowest volatility over four days in the s p ever. I think a lot of what happened last week as the algorithms were just befuddled. We had this moment where there was peak transport, all these groups are really roaring. We do not understand i spoke with insurance people this weekend. I dont think people realize how much money is coming with the rebuild. Theres just an incredible number of every car part company.
With enforcing the laws and the courts with interpreting them. This forwards against the abuse of power by any one branch. The separation of pow sers at the core of the fundamental premisele of our constitutional design that a limited government, divided in three branches, exercises enumerated powers is necessary to protect individual liberty and the rule of law. Unfortunately, over the last several decades, congress has aloud its powers to gradually be chipped away at by the other branches. By allowing its powers to be diminished, congress, especially this house, effectively permitting the people to be deprived of their most responsive voice in the federal government. Through the legislation before us today, and other legislation that the house has actively pursued in recent years, we can begin to reestablish and enforce the limits on the authority of the other two branches. Although no package of bills by itself can rebuild congress institutional strength and restore the constitution