Tension but we have never seen anything like this such unrelenting lien negative coverage harshly personal nature that we see with this president and never seen a president of United States constantly on the attack against fake news or Dishonest Media and i think establishing both sides my greatest concern as a lifelong journalist is it is damaging the press even more. S. How has it changed so far . We saw this the beginning of the campaign when first of all the press did not take him seriously it was entertaining in this sideshow he would never win the nomination but everybody knew he wouldnt beat Hillary Clinton. Butt beyond that all of these gloom and doom prophecies about this controversy he will never survive this and we see that now so there is a sense in the Mainstream Press that many say we cannot normalize his presidency. What does that tell you . They view him unfit for office and that they view him on hinge to, unbalanced, incompetent, it is interesting the range of descript
Dierdre the markets melissa markets in the mid of a rally, up50 points despite us air strikes in iraq and continuing bloodshed in the gaza strip. Two use fighter jets dropped 500pound bombs on isis strongholds just outside the kurdish capital of erbil. President obama reversing policy authorizing military action saying, quote, america is coming to help. We have James Frischling and barrons Senior Editor jack hough. How do you explain the Market Reaction to all this . If the markets were tanking we would blame it on the bombing. Melissa absolutely. I dont think there is any connection. What peel look at with stocks. There is possibility of fed unwinding stimulus on the market. That could hurt. You think about why the fed is doing that. Because the Economic News is pretty good. I think in the long run this pause in stock returns is good news for stock investors. I think there are some buying opportunities. Melissa james, the world is falling apart though the why doesnt the market seem wo
Thirds, a stock market that has doubled. [applause] the president pledged to work with lawmakers, but many proposals are unattractive to republicans. Turning to japan, the countrys central bank has cut its inflation forecast and cap to record stimulus in place kept record stimulus in place. The boj has been trying to reinflate the economy, but has not been able to hit its 2 inflation target. The price of gold has gone over 1300 per ounce. Investors are returning to gold after shunning it for two years. Capital is flowing into safe assets. Gold is up 10 this year. Peace talks over the fighting in ukraine begin today. Foreign ministers will all attend from germany, ukraine and russia. Todays talks are focused on pulling back heavy weapons from the front lines. A new development in the case of the underinflated footballs. The nfl has found that 11 of the 12 balls that the new England Patriots used on sunday against indianapolis were not properly inflated. In theory, underinflated balls mi
The taliban were about 40 miles away in a very precarious Geographic Area they were barely able to hold them back in. This area of the province it is south of tajikistan. South of the river and geography is very important. The story is how he and his ragtag force was able to maintain any kind of defense. So it turns out he has the only operating mine in the world. Goes back 1000 years. He has two emerald mines. Of course he allowed his men to grow opium because that was the only way they could get cash. That was smuggled across to pakistan but he also knew in may, this is four months away from 9 11 that something was going on in kandahar with bin laden. Something he heard was up through his contacts. Now he is tajik. So he has a very difficult time infiltrating a pashtun mafia for lack of a better word and particularly for the arabs who would be very suspicious of somebody with a different dialect even if they spoke pashtun. So at this point gary sawyer from the cia who had been statio
Barrons and Jonathan Hoenig of capitalist pig hedge fund. Jack, what do you think, does he have a shot at this one . I think he has a shot but problem with jumping on this, assuming the Defense Department says, sure, anybody can send a satellite off with top security. This is melissa he made it into the space industry. No one thought he could do that. This seems easier. I think he is capable technologically melissa he got the contract. He convinced them to give him a contract with spacex . This is highly sensitive stuff. They want to make sure he is a Good Relationship and doesnt turn into Edward Snowden guy on the. Look at phil falcone, that he went through with lightsquared and how he thought he had approval, from i think it was from the Justice Department to get that part of the satellite and he didnt. And it screwed up his whole business model. When you deal with the government it is very touchy. Listen, he is not betting the ranch. That was phils program he bet the ranch on that b