Welcome to our breaking News Coverage of the historic donald trump hush money, Criminal Trial. I will flutter in washington, Anderson Cooper is just outside the courthouse in new york for us today, a truly blockbuster witness, right at the heart of this case, Stormy Daniels has been testifying the Adult Film Start has delivered a times very salacious testimony detailing her first meeting with trump back in 2006 and their ensuing Sexual Encounter which trump denies ten years later, daniels was paid to keep quiet about that alleged affair. And thats the payment that launched this case. Anderson over to you . Thats right it on its face that Hush Money Deal was perfectly legal prosecutor said the crime was in the bookkeeping which allegedly involve Falsifying Records to conceal them. Nature of the transaction. Im here with you and chief Legal Affairs correspondent paul arenas, Unit Chief Domestic Correspondent for mattingly. Of course, the question is, did trump know about the the way this
Theyre dad better be thankful were going to take you there live power lunch set to come out of oven right now strong gains on wall street this hour. The dow is up triple digits. The s p costing the 2600 mark for the very first time. Its been more than two weeks since the s p was able to screen back to back gains the best performing grews. Check out some individual movers up 4 on its earnings. The food Company Early morning its grocery and Specialty Food business the company missing top and bottom line estimates. Dsw plunging double digits also missing profits in sales estimates. As a Virginia Tech hokie, calling me a turkey is the greatest compliment you can give thank you, michelle. Gobble up. We begin with a cloud of uncertainty hovering over one of the biggest deals in media history. The Justice Department slapping at t and time warner with a lawsuit saying the 85 billion deal is quote illegal and harmful to consumers at t Ceo Randall Stephenson fighting back against the doj decisio
Down 15 this year and pete here says its the perfect bargain buy. First we start with war. The ultimate tugofwar in the market this year between growth and value. We saw it come to a head today as Growth Stocks Like Technology got absolutely crushed value stocks like financials and telecom actually soared, a reversal from the trend weve seen for most of the year. If youre putting new money to work now, what is the better bet . Surging growth or lagging value . Guy . I still think theres room to go in retail if that surging growth, and im a believer in that, so i think the retail trade still works tim has been talking about macys the last week or so nordstrom is earning, theres some upside there. With technology thats sold out, people say this and theyre right, every time you see a selloff of this magnitude, people say its sort of different this time, theres something going on each time its proven to be buying opportunity in my world, the best one shakes out to be google if you look at
Reachable . Gus brown, pie in the sky forecast or is this legitimate tax liabilities a reduction are lead to Margin Expansion, share buybacks, 20. 5 times multiple as earnings go up and that gets you 3,000 on the s p. I mean, its not pie in the sky historically, but theres a decent probability that that could happen doesnt mean it will happen or anyone can actually foresee that happening. I think he makes a good case though i thought the note was fairly rational, but think about it, he could have written the same words on the same page and said 21 times or 19 times so the art of the p that goes into p e multiple is an art. Its not a science its not math. Its what you think sentiment will be, even if somebody agrees on all of the pieces that he sees fall in to place doesnt mean you arrive at the same sentiment level or pricetoearnings multiple. The point here is the rally is far from over and if you want to put 3,000 on that or whatever number he wants to be the top, hes going to be on
The dow is the story today bet than 1 gain the russell, small caps trailing a little bit bob pisani on the floor with more were reversing that trend. We used to sell off in the middle of the day, but friday we diplomat and today we are holding onto our highs its very important. Three trends ive seen thats happened in the last two days. Number one, the healing continues. S p regained 20 of the losses were finally seeing new highs appear and familiar names are on that list. Finally, the Leadership Group since the bottom is the Leadership Group getting us into this, and that is cyclical stocks look whats leading today. Boeing, 3m, apple, cisco, these are all cyclical names lacker eds, coke, mcdonalds, johnson johnson, General Electric not doing too much overall s p new highs, old faces weve seen time and time again on the list amazon, netflix, adobe, hewlettpackard, jpmorgan chase. We continue to see the rally move forward not going back to that idea of selling off late in the day. Well s