Fivemonth wing strning streak o far. Its the busiest week of earnings season with more than 160 s p 500 constituents reporting. Merck, pfizer, uber, jetblue, marriott, caterpillar. Weve got a lot of different earnings reports to get to this morning. I mentioned caterpillar. It did top estimates also lower sales and potentially tighter margins in the Third Quarter. The companys ceo will join us later. That is just the bearish they had a great number. Well talk about the fact that they dont even have enough product. The bears like to get to it very early. This is routine. They did it before they took the stock down from 230 all the way down to 206. Jim, what we spoke listen, the bears didnt know what they were doing then the stock went straight up to 265 im absolutely happy to deal right at the front. 2 top line revenue growth, 22 . Thats called good. I didnt mean to get right into im not disputing its good it is good the only question is whether or not the stock has already accounted fo
[singing] we are waiting for the conference to begin hosted by the Affordable Housing conference of Montgomery County, maryland and we can see some participants, congressmen jamie raskin and congressman glenn ivey getting photos and greeting attendees at the conference that is about to begin. We will also hear from Adrianne Todman the acting secretary of housing and urban development. [singing] maryland, my maryland. Mr. Chesapeake for me and you. All of the orioles will come home too. Some of the participants at the conference are being greeted, taking photos with maryland congressman jamie raskin and glenn ivey joining the acting secretary of housing and urban development Adrianne Todman. This is an annual summit, the 33rd this year being hosted just outside washington, d. C. In Montgomery County, maryland. Ladies and gentlemen, i do hope you enjoyed that new rendition. That was our unofficial state song for maryland. Why is it unofficial . Because, it was written by our very own con
Okay, i think all of you know dr. Kim, who has changed the world in so many ways. But lets just take a look. A physician, an anthropologist, president of the world bank since 2012. President of dartmouth college. World Health Organization head for hiv and aids efforts. Cofounder of partners in health, 1987. One, its an honor to have you with us tonight. My thanks so much for having me. By the way, the wyoming answer. I think part of it is the absence of Tertiary Health care centers relatively speaking, right . Massachusetts would never win it as a result. This is strategy. Next time, you want to sit at the same table with dr. Kim. Three Global Crisis that you spoke about. Conflict, endemics, impasse on people being forcibly displaced. Countries and nearly every region turning inward. International and homegrown terrorism. As you thought about what you wanted to seek at the meetings, why did you pick these three crises to start with . Well, you know, one of the things that i have notice
There is a little bit of a downside on the stoxx 600. Eurodollar, little bit of an improvement there. Coming up on bloomberg surveillance, we talk european growth. To our man from jpmorgan. Then we talked to teri haynes. Of the get a preview state of the Union Address. A lets get to the bloomberg first world news. Nejra the house of representatives has committee has voted to get clearance to release a republican memo. It alleges bias. Say thetive republicans investigation to come in ties to the white house are under false pretenses. For the first time the 10 years or so i have been on the committee, there is a vote to politicize the declassification process of intelligence. That would could potentially copper my sources and methods. The u. S. Secretary has announced a list of oligarchs in russia with ties to vladimir putin. It includes 96 oligarchs. Willmed will not all not automatically face in the sanctions of inclusion may cause banks not to do business with them. There is fragility
Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think