On squawk box, mohammed el. S p giving back about 40 of the gain from friday. If you look at a longterm chart, its hard to identify these conflict points as being turning points. That being said, the market is in a rational, localized way, punishing those groups that seem like theyre going to be, perhaps, disadvantaged, like the travel related. You get a bit in defense and energy. Its reflex. Theres a lot else going on. We kind of had a cushion because oil prices backed off from their highs. Treasury yields, theyre proxies based on futures and etfs look like theyre easing back a bit as well. You know, i think sentiment was already pretty reserved. It wasnt like everybody was bullish and excited. Therefore, there wasnt a lot of Risk Appetite to immediately take out of the market. On oil, is there a sense it does anything more than set a higher floor . I dont think so. You can make the case in either direction, it doesnt have much impact or this geopolitical risk premium that should be i
And now about the bright ice battles. Wolves vs. Bisons, battle for the president s cup number four. The hockey season in belarus could end today. Metallurg took away three previous meetings in the final series with brest and any next victory could bring them a fourth title in history for the third time in a row. And right now my colleague, kristina kamysh, kristina, is getting in touch with us. Good evening, tell us about the course of the fight and the emotions in the stands . Thank you, tatyana, in the fourth match of the final series for the president ial hockey cup between brest and metallurg there is a second break, the numbers on the scoreboard are open with the score 1 0 ahead joiners. As for the emotions in the stands, the local fans are certainly jumping up and down in support of their team. Seats for every good attack of the southerners, tickets for the fourth game arrived the day before on monday at noon, and were sold out in less than a day, this means that now we will hav
With creating your own content for Digital Media and social networks. Let me remind you that the president s of belarus and russia signed resolution on the creation of a Media Holding of the union state on january 29 in st. Petersburg following a meeting of the Supreme State council. The deputies of the house of representatives have a busy agenda with 19 bills, 10 of them have already passed the approval procedures and are ready for consideration. The rest will be considered before the end of the first session, the vice speaker said. Taxation for investment protection. In addition, we will consider a bill that regulates the agreement between the government of the republic of belarus and the government of the United Arab Emirates on issues fight against terrorism. Also, the council of the house of representatives adopted a statement in connection with the International Day of monuments and historical sites. Parliamentarians call on the state to comply with its International Obligations
You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normalization is a 17 multiple on earnings and the trick is what is the earnings youre looking at . You know President Trump and the republicans get their way, and we have a tax package, you can see earnings next year in the s p about 150 and the 17 multiple and 150, i think its 2550 that would be fair value, full value but fair values, and, you know, most bull markets end over valuations so took another 10 to 15 to that number. The trend is favorable and the conditions that normally lead to a big market
Son to grow up and run a company in the manner that valeant was run. How do you respond . We made a lot of changes in the last few weeks. I have been on the board for about five weeks. We have a new ceo, joe papa, who is starting today. Today is his First Official day. Appropriate i should be on your show. The companys made some mistakes but i think where charlie is wrong, hes wrong to indict an entire company on the basis of a few mistakes and a leader that is no longer with the business now. And the 22,000 people work for this company, i think this is a Great Company. When you look at the one of the things i was sort of thinking about to give you a sense of context, think about when berkshire invested in Goldman Sachs. Goldman sachs had to be one of the most reviled companies in the country, accused of all kinds of bad subprime, misleading investors, every day another negative article. Feels like this is the same moment for valeant. It didnt stop buffett from making an investment in