Brennan and jon fortt. Markets have been well off the highs. Dow was up 937, trying to hang on to about 400 points on the dow right now. Lets bring in mark mahaney of rbc, david lovevitz of jpmorgan. We knew 2700, 2750 would be a bit of a battleground and its turning out to be exactly that yes, exactly. One of the things thats occurred here over the past couple days really over the course of the past weekend is you finally saw consensus earnings system begin to come down and the narrative that had been in the Market Equities are looking cheap, the question we were always asking was cheap relative to what earnings . When you use the new estimates that are around 145 a share, you know what youre seeing is stocks are looking fairly valued not outright cheap and i think thats a big part of why were seeing things run into resistance at these levels mark, its a great opportunity, davids answer, to ask you how in the world analysts are coming up with any kind of estimates given the lack of gu
We will come to order. Todays hearing will focus on the reauthorization of the fast act, the nations current surface transportation bill that expires on september 30. We will hear the priorities of key Public Transportation stakeholders. A longterm reauthorization bill is critical to providing the certainty of stability that transit agencies, cities andos d to make responsible transportation lighting decisions. Public transportation plays a key role in our nations economy there are over 400 30,000 workers employed and Public Transportation in the United States. Transit provides approximately 33 million trips every day. Taking Many Americans to and from work, school and medical appointments. Not just in big urban cities, but also small areas. We have found ourselves with yet another reauthorization where the Highway Trust Fund is a most significant issue that needs to be addressed. In order to advance a comprehensive longterm reauthorization bill. While this committee does not have juri
Meet the new flu, same as the old flu, except it spreads faster and more easily the dow gaining 116 points,. 47 , and the nasdaq. 87 , record highs. But you know what, you know where the real action was, it was in the highest of flyers and the basis of speculative stocks. Thats what withe need to focusn partly because of the coronavirus and the old guys will say, this is the top i dont think that but im giving them their due what am i talking about, Virgin Galactic, plug power, and countless others that have become the darlings for younger investors. Look at my twitter feed. Read reddit, rather than reading the register for the news hour. Speculation, i think its good, even essential, essential to speculate on stocks, just part of your discretionary market youve got the retirement money, of which is completely wrong to speculate on, then you have a mad money portfolio, a group of stocks, within that group of stocks, you can have speculative stock. One or two i wont try to talk you out
A michael local welcome to d w special coverage of the Munich Security Conference the annual event brings together World Leaders top ministers and experts the 1st day of talks have already shown potential progress talks between the u. S. And the taliban may lead to a fresh Peace Process for afghanistan and an unprecedented meeting between chinese and vatican diplomats has taken place for the 1st time in decades one topic has dominated the conference fears that the western powers could be losing their unified front on friday germanys president warned that a lack of western solidarity was fueling global insecurity todays panel is set to tackle that topic with nato chief u. N. Stoltenberg and u. S. Secretary of state mike pompei oh joined by pretentiously the Russian Foreign minister Sergei Lavrov we also. Understand that mark esper the u. S. Defense secretary may also be at the talk today at the event in munich we have de w. s chief Political Editor me. And here in the studio im joined b
Time it recognizes that our 2nd tier parties are rogue states such as north korea and iran and finally dealing with violent extremist organizations will likely be an enduring threat for years to come being in europe i know that there has been much discussion about the challenges from russia so this morning i want to focus on the pentagons top concern the peoples republic of china next year will mark the 20th anniversary of a decision that fundamentally altered the course of International Affairs chinas admission into the World Trade Organization i was working in the United States senate at the time and 2 competing arguments over chinas membership dominated the public debate. The prevailing notion of the day was that if we allowed the p. R. C. In the b. T. O. And other multilateral institutions china would continue on its path of economic reform and eventually become a market oriented trading partner more broadly increased engagement with the liberal world order would also spur politica