had lost confidence in their abilities and should step aside. but we knew when we reached that conclusion it was their call to make. so we offered that as our belief about what should happen. but it s their call to make. all right. senator tim kaine, you still feel that they should go, though? i haven t changed my opinion, yeah. haven t changed my opinion. senator tim kaine, thank you for being with us today. appreciate it. wall street has been on a bull market run for a long time. how much longer can it last? kristine romans brings her crystal ball next. looking to lose weight this year? try fda-approved alli®. for every 5 lbs you lose, alli® can help you lose two to three more by preventing about 25% of the fat you eat from being absorbed. for the only fda-approved otc weight loss aid, try alli®.
i would just like to say it s better to look at the glass half full. i think a lot of people are overreacting and a lot of investors and a lot of financial experts are saying look, this isn t a time to freak out, look at it on the plus side, this is a discount market. and i love a good sale. you do love a good sale. right now, things are looking cheap, in november they were looking more expensive than they are today. we are in the long-term average, things are not expensive, things are not cheap at this point, take a look at it from price to equity, that s a financial term we use and things are looking almost at a bargain at this point. but look, as i mentioned, keep things in perspective, longest bull market run in history, we are there you are. we are very positive in that regard. we are on the brink of ending the longest bull market run. i think at this point
talked stopped by multiple colleagues asking if there 401(k)s are okay. they are on vacation, off for the holidays, but these moves are exaggerated up and then exaggerated down as well. we see that being reflected firmly in the market. are we at a recession? no. predicting 2% growth next year, we might not be growing 3%, which would be the fastest pace of growth since 2005 that we were expecting to see. but there still making profits. the best employment market in 50 years. it s a bit of a gut check at this point. i m not saying jump in with two feet but keep things in perspective. we are up 300% since 2008. the longest bull market run in history. the longest economic expansion in history as well. julie: what do we say moving forward? let s say for 2019, some are predicting a potential
wall street we turn to susan lee of the fox business network. good evening, susan. what sparked all this? what you call volatility. an emphatic bounce back with the biggest single day points gain ever for the dow and the best day for the nasdaq and the s&p 500 since march 2009. markets coming back from the brink close to ending the longest bull market run in history. investors were out bargain-hunting, jerome powell is staying put. he made it very clear that secretary newton s job is safe. 100% that chairman s job is not in jeopardy. absolutely, that s correct. retailers like amazon target kohl s and macy s leading the rally today. after the best holiday shopping period in six years according to mastercard with americans spending over $850 billion from november to christmas and that strong retail trend confirmed by
up and down. i wanted to ask you, just about 2018. now we are wrapping up the year and all of those gains, i believe, your network has been reporting our sister that the gains we arrived away several weeks ago. what does this latest dip do for people s retirements and investments at this point for 18? it s not great, obviously. it depends on when you are planning to retire. if you have five, ten, or 20 years to play with i would say, markets tend to go up. it s an inflationary environment that we are in. we have to keep things in perspective. as you mentioned, we are ten years from the global financial crisis. there are a lot of different concerns, because we are in the longest bull market run. it a lot of investors that want to be caught without a chair when the music stops. harris: right before the christmas season now, what this does to consumer confidence. i know that there isn t a huge