More concerned tom joining us now on the phone. Tom, you there yeah, im here. How are you guys what prompted you to take down your earnings estimates, which theoretically leads to a lower market in your mind . Well, i think part of it has to do with a lot of folks recently talking about how low inflation is good for stocks, because its helping the multiple but what were starting to point out and what we want to point out to investors is lower inflation means Revenue Growth pressures, but with labor costs rising, we know this is going to result in a profit squeeze so were really adjusting our estimates to reflect, especially into 2028, this potential squeeze on profit margins. Youve thrown in your towel on the trump agenda altogether i think theres elements that are going to survive and be very important for markets, especially deregulation. And i think because it doesnt require acts of congress, but i think its tougher to bet on tax reform and stimulus and infrastructure and even a pro
Policy plans for Small Business after she called a charm for his Business Practices in Atlantic City. Another Fatal Police Shooting to report. Protests growing after a man was shot during a traffic stop in minnesota with a oneman child in the vehicle. Latest developments coming out. Half a million hoverboards. Companies polling devices out of stores. More competition in the auto industry. Alibaba and done a smart car. Mark is this morning looking as fighting for games. The Dow Jones Industrial average expected to open up a fraction. Later this morning we would get the latest on john did the adp report for the private Sector Employment out ahead of tomorrows jobs report for the month of june. Markets are higher across the board. The british pound bouncing back from the 31 year low giving some support for equities. In asia overnight, next action. The shanghai composite flat on the day world it edged down better than half of 1 . The hang seng and the cost be rising as you can see better t
Both down by 0. 75 . Chinas february exports dropped by more than 35 in u. S. Dollar terms. Imports there fell by nearly 14 . Of course, were watching Oil Prices Today too. Crude was up by 5. 5 yesterday. Its up 45 from februarys low. Right now its down by 1 , but wti still sitting above 37. 50. Scott . All right. Speaking of oil, the Goldman Sachs Commodities Team out with a new report today. That title, the three rs. The goldman team suggests those factors have driven a prema chur surge in Commodity Prices that is not sustainable. The firm is maintaining its bearish view on gold. It keeps its nearterm copper price target of 4500. As for iron ore, goldman predicts a rally will likely prove temporary, so its maintaining its end of year target of 35. And on oil, goldmans nearterm view is for a trendless market with substantial volatility between 40 per barrel and 20 a barrel. That firm has a bullish end of year view on energy, saying oil will likely rebalance this year and create a deaf
Doctrine. You heard the president wrap it up neatly saying that the history is littered with false prophets and dictators who have failed trying to emphasize things that president obama has emphasizeed and has been criticized for nationally and internationally for almost the seven years of his presidency. Talking about the need of instituting democracy around the world. The deal with iran, the deal with cuba after 54 years of acrimony and mutual suspicion across the states. Ukraine, part of the Obama Doctrine. Democracy is essential before force is moved. Talking about sanctions against russia after the annexing of crimea and they are ongoing but president obama perhaps looking at the brightest possible interpretation talking about the crippling effect that those sanctions have had on russian individuals and the russian economy and again talking about the south china sea, something that is very volatile as china asserts its independence and asserts what it regards as autonomy by Buildi
Mr. President , dear colleagues, the United Nations has gone through the test of time over the past seven decades. It has witnessed efforts made by all countries to uphold peace, pursue peace, and build homeland cooperation. Having reached a New Historical starting point, the United Nations needs to address the central issue of how to better promote world peace and development in the 21st century. The world is going through a historical process of accelerated evolution. The peace and progress will be powerful enough to penetrate the and s of war, poverty, backwardness. The movement was a multiwar, and the rise of developing countries irresistable rend of history. There are new challenges we must face. The idea is to create a world truly shared by all. Peace, democracy, freedom are he commonalities of man kind and the goals of the United Nations. Yet, these goals are far from being achieved, and we must continue our endeavor to meet them. N todays world, all countries are interdependent