going to do something fairly dramatic on capital allocation. i talked to them about this a few weeks ago and they re actively, saz they said, soliciting input and we ve got it when i mentioned to them, you take a look at something like texas instruments and it trades at a huge premium to something like apple and a microsoft for that matter because their capital allocation is so clear and texas instruments unlike apple and unlike microsoft they actually repatriate and pay the tax on their overseas earnings. and you like to see them do that? if they actually believed there would be a change and there would be a territorial tax system then leave it there for the time being and if there isn t, they should pay the tax and bring them back. for anyone who missed it. you did have a position in apple and you sold out of it last fall. no, we cut the position. we are now overweight apple and we completed the position just a couple of days ago. in fact, an interesting thing on
[ cheers and applause ] i just could not be more proud that these fantastic people who serve and fight for us are here in the show. today on our set. and you will be hearing from them later. everything seems rigged or at least a total insider s game these days, where anybody gets away with anything. and the only people who lose are the hapless men and women who happen to be shareholders. that s how i feel. one still more outrageous day where the averages got hit for most of the session before rallying in the afternoon. mysteriously, dow closing up 34 points. s&p gaining .14% and the nasdaq losing .38%. look, especially on these seesaw days where we rally on rumors that most of us don t even get to hear and are often not even true but are self-serving to try to drive the market in a certain hedge fund s direction. i can t blame anyone for feeling helpless, adrift, unprotected and alone when it comes to owning stocks. first we re totally hostage to europe with the futures trade
amazing group of them in the studio today to watch the show. [ cheers and applause ] i just could not be more proud that these fantastic people who serve and fight for us are here in the show. today on our set. and you will be hearing from them later. everything seems rigged or at least a total insider s game these days, where anybody gets away with anything. and the only people who lose are the hapless men and women who happen to be shareholders. that s how i feel. one still more outrageous day where the averages got hit for most of the session before rallying in the afternoon. mysteriously, dow closing up 34 points. s&p gaining .14% and the nasdaq losing .38%. look, especially on these seesaw days where we rally on rumors that most of us don t even get to hear and are often not even true but are self-serving to try to drive the market in a certain hedge fund s direction. i can t blame anyone for feeling helpless, adrift, unprotected and alone when it comes to owning stocks.
i happen to have a few friends with me here. you see, it s fleet week in new york, and the city has become host to thousands of fabulous men and women who serve as u.s. sailors, marines, and coast guardsmen, and we have an amazing group of them in the studio today to watch the show. [ cheers and applause ] i just could not be more proud that these fantastic people who serve and fight for us are here in the show. today on our set. and you will be hearing from them later. everything seems rigged or at least a total insider s game these days, where anybody gets away with anything. and the only people who lose are the hapless men and women who happen to be shareholders. that s how i feel. one still more outrageous day where the averages got hit for most of the session before rallying in the afternoon. mysteriously, dow closing up 34 points. s&p gaining and the nasdaq losing .38%. look, especially on these seesaw days where we rally on rumors that most of us don t even get to hear
that, italy stops, not too far south of rome. and it wants to end the transfer. the notion that you are going to have a transfer europe is, politically impossible. you are going to have an insurance europe. that should be good enough. hopefully prevent tich oive eur. probably a good place to stop. doctor, thank you so much. you are welcome. on friday, saturday, president obamawell cups world leaders from the largest economies to the g-8 conference at camp dach it vid in maryland. and the u.s. hosts nato head of states in chicago. next a preview of the g-8 summit and u.s./russia relations. former u.s. ambassador to nato, nicholas ferns taulks about the future of nato. when people are saying to him don t take the vice presidency. right now you are a powerful majority leader. don t take the vice presidency. you won t hatch any powve any p. johnson says power is where power goes. meaning i can make power in any situation. his whole life. nothing in his life previously mak