Inaugurated on sunday next on the agenda, in france, two rounds of parliamentary elections in june. We should mention the jueuro jumping to sixmonth highs. Youre looking at european markets right now, across the board, they are down. In large part, they had risen, of course, on friday in expectation ever this news. In asia, japan rising 2. 3 overnight. The hang seng was slightly higher. U. S. Equity futures up right right now. Standing basically, marginally down about 23 points. S p 500 call it virtually on the nasdaq off by a point. In corporate news, sources telling cnbc that comcast and Charter Communications plan to announce a Wireless Partnership as soon as today. The partnership is aimed at cutting costs, as well as speeding up entry into the wireless market. As part of the agreement, Neither Company will make any deals in the Wireless World for the next year without the others consent. The move is renewing speculation that the two cable giants could make a play for a wireless ca
Against American Companies is a suckers game because of our innate progress and natural expansion even as the markets day to day gyrations wont always be positive like todays mixed session where the dow gained 32 points. S p declined 0. 07 , and nasdaq just dipped into the red at 0. 02 although it could be heavier tomorrow because disappointing numbers from starbucks and alphabet that may not be offset by what looks to be a strong microsoft performance. For almost his entire investing life, buffett has made the point that you can generate great wealth by owning the best of the best, not flipping them, not flitting in and out, but getting on and staying long. I think hes got an edge on all of us. In addition to having the finest mind for investments of his generation, hes got a team of people who can stay up on his stocks. I always say if you cant stay up on your homework, if you cant research and examine and spend time knowing what you own, if you couldnt give me three bullet points on
Expected to roll out a revised exec tifr order on immigration today. Well talk more about the economic impact. First up, stocks are looking to extend weekly winning streaks. The s p and nasdaq each up to six. The dow posting four straight weeks of gains since the bull market began about eight years ago today it has generated more than 21 trillion in new stock market wealth. In fact, today is the anniversary of the dows crisis low, 6,400 and change, of course the s p and haines bottom come in a couple of days. There were a lot of people believe the asset class tarnished back then and havent come back. There are a lot of people who believe that a return on a tenyear bond is acceptable. And there are very few people say, i got to put all my retirement money in the stock market because its actually hurts you. Its not like the old days where people feel that its a completely investable concept. So today, again, j. P. Morgan comes out, gives a bunch of reasons to stick with the reflation the
Roadmap, eight years since the haines bottom. And aig ceo is out, what is next for the giant insurer . Ceos headed back to the white house. We dig into the return on a west wing meeting. The s p and dow looking to snap three session losing streaks which hasnt happened since january. We got that pull back in energy yesterday resulting in those losses. And as we said its been eight years since the stock market had bottomed. That of course was when mark haines made a very big call right here on this show. However, im going to step out on a limb here. This is the big hold on everyone. Weve been waiting for this. I think were at a bottom. I really do. Ever since what we call the haines bottom, the s p has surged more than 250 , the dow also more than tripling its gains. The nasdaq outperforming both indices up 360 . On that morning, which is actually the tenth when mark made that call, dow and s p closed up 6 that day. Well, mark was someone we all work with mark. I used to talk with mark a
Host joining us to talk about the republicans plans to replace the Affordable Care act is gracemarie turner, president and founder of the galen institute. Tell us what your organization is and why its named the galen institute. A think tank specializing in marketbased solutions and we are named after the second century great physician who was very much ahead of his time and very innovative and forwardlooking. Host you are the founder. What motivated you to start it . After the 1990s debate over Health Reform when the Health Security act did not get through it was clear that we needed a more balanced debate among ideas we believed could be marketbased and those that were more government centric. I started this think tank to create a larger conversation around Consumer Directed Health care. Host you are no stranger to the debate on health care on capitol hill. You were invited by Speaker Boehner to be part of the longterm Care Commission. What was your take away on the situation and what