False american asumps and objectives have helped create the current mess in the middle east. It is not news to anybody that american politics is uncivil and dysfunctional. We have a Foreign Policy elite that has its head up its media bubble. Prefers narratives to evidencebased analysis. Confuses sanctions and military postureing with diplomacy. And imagines that the best way to deal with hateful foreigners is to use airborn robots to kill them, their friends and their families. We have leaders who cant lead and a legislature that cant legislate. In short, we have a government that cant make relevant decisions, fund their implement akseation and lift allies to support them or see them through. Until we get our act together at home, these looking for American Leadership abroad will be disappointed. At west point, president obama accurately pointed out that our military has no fear. He then added that u. S. Military action cannot be the only or primary come meant to our leadership in ever
We have a problem. We now have something that has many of the at butze of the state that is attributes of the state that is run by extremists. I think that is the main issue. It is also the case that the shia, not withstanding mr. Malikises a operations to lead them all, are divide and they may end up being two states among the shia rather than just one if iraq indeed goes the way it seems to be going, which is toward partition, and that, by the way, i will say is not an impossible outcome in afghanistan either, after our departure. So i think we need to be a bit cautious. Final observation, what we can learn from the gulf war and the iraq war, gulf war to liberate kuwait and the war to subgeographicate iraq is something very simple. We should not intervene without a war termination strategy. How are you going to end it . It is not enough to get up on air Aircraft Carrier and proclaim mission accomplished. Wars dont end until defeat is admitted. E proposed no terms to saddam. He theref
Involved talking about bureaucracy. Varney and company is about to begin. Tom the dow in record territory after sending the alltime record high yesterday, we are up 9 points on the dow, same for the s p 500, that is going higher as well so new records for both of those. Walmart is one of the dow stocks you dont see moves like this from walmart very often, down 4 right now despite higher sales spent a lot of money on worker pay and building its web presence, profits down 7 as a result and the stock you can see it is heading lower. Home depot another dow stock a lot of people spending money on their home and garden this spring doing very well at home depot of 7 the stock was up now is back on the price of oil that there is going lower, 57. 80 a barrel, gas today 2. 70, the National Average for a gallon of gasoline. Hall of fame quarterback jim kelly, an amazing story of survival, he beat cancer, he and his family are here to talk about it. 10 minutes from now. Is not every day you hear a
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
It is up 200 plus points because being cheered on by the reserve requirements in china. This is an internationally lyly oriented market right now. Is that the idea . I apologize if im repeating anything. Bill pointed out the dow is up 217. Lets skip straight ahead to the Closing Bell Exchange and introduce our guests. Joining us at the top of the hour to kick things off. We have price heedley, kate warren from edward jones. And our very own rick santelli. A welcome one and all. Anthony chan the big news this weekend, we have to talk about a china rate cut. The u. S. Central bank the japanese, whats the message to investors. Central banks all over the world are coddling Financial Markets, coddling the overall economy. Thats one of the reasons we dont get big corrections anymore. We get mini corrections. Right after the chinese announcement on friday that they were going to go ahead and restrict margin trading. The analysts warned and said the Financial Markets would melt down on monday