Charles markets hitting alltime high, driven in part by those important names, you know them, apple, alphabet, facebook. Connell microsoft, all in record territory, but there are some worry setting in were too giddy. Pointing out options is he had of blow off top. This is meltup followed by a big pullback. We have Keith Fitzgerald and point view wealth managements david dietze. Keith, let me start with you, for folks that dont understand the jargon. There is so much optimism calls are bet to the upside. 6 to 1 ratio. That means everyone is too giddy. When the euphoria false away well get a strong pullback. What do you think about that. That is firm command of the obvious. Anytime you get a runup, normal to expect a pullback. That is normal. You expect buying and selling. If were ahead of ourselves, find, use this to your advantage if it falls and get a better entry. Charles david, the big mistake, guess the top, guess when there is too much you for yaw. Evidence points to people piling
Always there, lloyd smareker. Thank you, lloyd, great job. [applause] gt thompson, we have them all today, huh, gt . We have them all. [applause] the great john joyce. John, thank you. Great job. Thank you, john. [applause] dan muser, thank you, dan, thank you. [applause] that looks like cary grant, doesnt he . Have you ever been told that . That is not a bad compliment, i must say. Today we have tom arnold, those days you had a little different. Those days errol flynn and cary grant. Somebody that fights like you never seen before, fred keller. [applause] great. Doing a great job. Thank you all. These are fantastic people. And david, wheres david . Is he there . Wheres david . What happened to him . We wont mention his name. He is in the back. Pretend that i didnt say it. When i last spoke at this conference in 2016, American American energy under Relentless Assault from the previous administration. You know that as well. More than a third of the coal mining jobs had vanished. A morat
Boeing fixings technical problems with the planes Flight Systems warning it mate have to shut down production entirely. Connell s p right around record territory. It needed to close up just under nine points to set a record t was able to do that. A 14 point gain for the s p where we settle in. That is a record closing high. Same thing for the nasdaq, with a 70 point advance today. We have all of that. Plus the president , of course a big day in washington. President trump is expected to leave the white house in the next few minutes, following the Robert Mueller testimony on capitol hill. This is a chance most likely to hear from the president. Well bring you any breaking headlines from President Trump if he stops to answer questions as he often does from reporters on the south lawn of the white house. Lauren think he will do that today but we will see. As we wait for facebook, their latest Quarterly Earnings imminent at this moment. Jackie deangelis in the newsroom with the very latest
Hour, sticking by his actions, labor secretary alex acosta speaking out for the first time this afternoon since the news broke that he played a part in cutting that lenient plea deal for Jeffrey Epstein, a wellknown billionaire and convicted sex offender. We have the breaking headlines from acostas defense. White house officials will try to revive stalled budget talks. Were live on capitol hill with a preview. In new york city, look at that tens of thousands of fans cheering on the usa womens world cup champions today. What is next for the team and their fight for equal pay . Connell Fox Team Coverage of all big stories. Edward lawrence covering the fed chair admits his testimony. Gerri willis at the new york stock exchange. Edward lets start with you. Reporter connell, jay powell laid the groundwork for a fed rate cut and pegged it to undershooting inflation. He outlined the weakness in the economy centers around uncertainty with trade tension as well as Global Economic slowdown but t
They hit him and basically we hit him hard. Connell with that, with those tensions rising we bring in former Deputy Assistant defense secretary under bush 43 peter brookes. Always good to see you, peter. This whole idea of the world getting on board and this win as it is portrayed by nikki haley over the weekend at united nations, how important is it . Its a very important. A very important step taken by the Trump Administration rallying countries like china and russia to come down hard on north korea. We can expect other countries to support us. Getting those in line to support sanctions is important. Implementation of course will be critical, colin. There is problems with potential leakage. North korea has friends in iran that people help them work around the sanctions. I think it is very important step. I think the u. N. Ambassador is correct. Win for u. S. Mission in new york, the state department and Trump Administration to this point. Connell to your point about implementation wh