Thank you, ken. [laughter] its, its a real pleasure to be here this morning, and thanks to weda for organizing this very, very timely session on nafta 2. 0. As someone who has been involved in the trade, war is too strong, debate is too tame, the vigorous trade discussions weve had in washington over the last 20 years, were certainly at, even in scope of those discussions were at an unprecedented moment right now awaiting to see the unrolling of the administrations new trade strategy. We have been, weve heard a lot from the president when he was a candidate, when he was president elect. Since becoming president weve heard a lot about mexico. We heard a lot about mexicans. Weve heard a lot about nafta. We heard a lot about china. We heard a lot about it. A lot of things are going to be ripped up. A lot things will be done away with. A lot of things will be changed, yet we have little in the way of actual specifics that have come out. The president s trade team, some of them have been na
Overnight and why is it now beginning to pick up a little bit . Estimates and see significant restructuring costs. s efforts be enough to reignite growth . We will speak to him at 745 gmt. And going on a charm offensive. Britains Biggest Union says it will not support the loss of a single job. 830ill speak to its head at gmt. Lets talk about what is happening with these markets. Will have seen over the last half an hour is a turnaround. It is fascinating to see what is going on. These are the futures here, calculated into a fair value. This is the london market, most cac is onerkets, the exception. The s ps price for a negative as well. We have not seen that since 2013. This is the story, focus on this line here. When i got in first thing this morning the euro was up, the dollar was down. That was fascinating given what we have seen overnight in spreads and how they affect pricing. We will talk about that. That has turned around as london liquidity kicked in. The bund yield is interest
Me jimcramer. Can you believe ive come out here for 12 years telling you hey, im cramer and i got a oneman show about business . Oneman show about business. Every night for 12 years for heavens sake. In tv thats like 100. In a day where the dow dipped 44 and s p declined and nasdaq lost. 32 , i thought we should use this Anniversary Show to talk about what ive learned from you. After all, this is the most Interactive Television show in the world. I take calls in the thing, darn it. Weve listened closely to what youve asked and you know what . We had to change over the years to meet your investing needs. Most important thing weve learned in the last dozen years, weve learned to teach more and pick less. Back when we started the show, we used to do a ton of stock picking. Look, it was a raging bull market. People wanted ideas, so what did i do . I obliged. As the show evolved, though, we recognize picking stocks was less important than teaching you how to analyze the stock. We needed to
Shows decrease in premiums by 10 in the long term. They also point to how the Congressional Budget Office showing that the deficit will be reduced by about 340 billion over 10 years. Democrats say 14 Million People willing off health care by next year. That jumps to 24 million in decade time. This cbo score is getting a whole lot of pushback from folks within the administration and republicans on capitol hill saying look, it is just simply not accurate. Speaking of the storm, here is how theirector Mick Mulvaney put the cbo score. Listen. Good morning from washington, where as you can see, according to the Congressional Budget Office it is sunny and 75. Reporter as you saw from the camera getting blown over there, it is hardly the case. Democrats continue to talk about this American Health care act as well. Nancy pelosi held the News Conference this morning. They simply say this is unsellable bill no matter which way you look at it. Trump wants to call it ryan cair. Ryan wants to call
On 600 terrific jobs, and i advocate for them all the time. Now i know the wall street firms want to forgo the cost of buying and paper and printing on paper and sending it out to investors. However our investors need this information if they have no other way to get it. So i am pleased and grateful that you have not moved forward on rule 30 e three that would make it more difficult for seniors to receive this information on paper. My question to you as the following. Why do you withdraw the rule . Weve discussed this discuss this and what i said at the time is that we actually adopted the rest of the proposal for Investment Company reporting and that was that we got stents of important comments along the lines that youve just made and i directed the staff to study it further and then come back to the commission basically targeting yearend to come back with a recommendation. After that was done we were looking at who is paying the bill to try to get better cost data. That undertaking i