Lets begin with that historic day for apple. It is the most valuable company on earth we shouldnt be surprised, but it just took two years for add a trillion in market cap thats just astounding. Absolutely remarkable its unprecedented to have a trillion dollar company. I added to apple after they announced the split. It makes no economy supplies in terms of benefits to the company in doing that. You can trade partial shares there are robin hood and others, but i thought the market would react positively i added to my core position. I dont want to sell, even though i do have some concerns theres an attack on the app store, which has driven a lot of growth im staying there for now. I think the 5g phone will be the biggest Product Launch theyve ever had around the world. Jim, i notice he own it as well, but to me you sound to be, you know one of the maybe, you know least enthusiastic about where the stock is now and where it can go from here. Do you think thats fair to say . I do, but tha
The kids had a ball we loved it. Jersey was great the people of jersey were great to us. The water by the way the water is i mean, the ocean beautiful. Drinking water in jersey still is probably my only complaint. I have to go brita or bottled. But i got this tattoo which i know that you guys showed off last week. I got a lot of neosporin on it right now. Just to keep the bacteria, thats what they say youre supposed to do but at some point well show it off and do the grand reveal. They asked me if we wanted to show it and i said no he never liked it on twitter and im not sure that he really liked it so you brought it up. I wasnt going to bring it up. To be honest with you, i came to it late i was actually trying to not even be on twitter that much and i saw it and it was too late to start retweeting because it was a day after clearly you had shown it off and i didnt realize that i had sent that picture to you but i didnt realize that everybody would get to see it this way. It was fun.
Car yes Time Magazine is reporting that tucked neatly into the Senate Republicans latest 1. 00 trillion dollar covert 19 response package is a nice 8000000000. 00 into pentagon Weapons Systems built by defense contractors like boeing Lockheed Martin and General Dynamics and what kind of virus and disease fighting weapons will this 8000000000. 00 buy us taxpaying citizens well Time Magazine goes on report that the bill would deposit 2200000000. 00 in pentagon ship building accounts it would boost Missile Defense systems in california and alaska and deliver about 1400000000. 00 for the c 130 transport planes and f. 35 fighters manufactured by the good folks at Lockheed Martin. And as journalists and activists around the us begin to uncover this latest 1000000000. 00 defense contractor gift basket they are being labeled as adversary by the pentagon politico is now reporting that a new mandatory pentagon Training Course aimed at preventing leaks refers to protestors and journalists as adve
A democratic strategist he joins us from maryland hi larry its great to be with you ok joe whats behind this trip of Human Services secretary alex aids are going to taiwan. The delegation visit to taiwan is significant because its part of a trend right now that we see from the Trump Administration of provoking china in many regards and we are watching the slow to move towards a cold war now with china which is very dangerous for our National Security and deeply problematic but its also very political in certainly heading into the 2020 election where President Trump is trying to define himself as dance i cant im a candidate and joe biden is the pro china candidate and how do you see that playing out. I think that the American People are very wise about understanding that china while the source of the krona virus there in china is not the cause of the catastrophe we have here at home in terms of managing the coronavirus and President Trump is trying to tell you that together but its not
Ed, welcome back. Thank you very much youve been bullish for a while and now youre acting on it why was now the time i had concerns that the market would have some concerns about the pandemic, that we did obviously see somes increase in the outbreaks down in the sunbelt, but the market the tenyear has been below 1 you know, there is no alternative, probably never been more relevant than it has been since the fed adopted what i call qeforever on march 23rd. You have what you call a meltup in the market, but you say as you have more of this melt up, you increase the risk of a meltdown. How does that factor into your broader view well, you know, its one thing to be bullish, but at the same time you have to be aware of where the down side risks are. To the extent that the market has a melt up, it puts more air between stock prices and earnings in other words, the valuation multiple has been on fire. We had a p. E. Led meltup from 4. 9 on a forward p. E. Basis on march 23rd now were over 22