Dow only gaining 69 points, s p climbing. 35 . You got to wonder if the buyers are simply stooges are they ignoring headlines like fallout deep yeps for u. S. Strike that was from the wall street journal. And these headlines were as wide as you can get have we forgotten that iran vowed to get revenge for the assassination of its mastermind, general Qassem Soleimani are we whistling past the graveyard of their inevitable retaliation . It sure feels that way just a short 12 hours ago, the s p were looking down 1 news on the trumps adtrati administration 200 point dow jones deficit. What a comeback. So whats going on here . All right, look, im willing to suspend my belief that perhaps the markets wrong and give you some ideas because there could be many different forces at work first, investors have learned that these kinds of events tend to be buying opportunities since President Trump took office weve actually had three conflictrelated selloffs while they may have seen disturbing at the
Also on the programme. Israel kills a top islamichhad leader in gaza and braces for retaliatory rocket attacks. After nine years at sea, a message in a bottle finally receives a response. Thankfully, it wasnt an 505. Hello and welcome. Im Christian Fraser in Bishop Auckland, and Michelle Fleury is in new york. We are just over a month from the uk general election and its in places like this County Durham where the vote could be won and lost. Bbc news will be visiting ten areas of the uk where seats will be closely contested. Today, weve travelled beyond the bubble to Bishop Auckland in the north east of england. Its a marginal labour seat which voted decisively for brexit. Well, yesterday the brexit party announced they would not run candidates in seats won by the conservatives in 2017. But they will stand in Bishop Auckland, making the seat even more marginal and more unpredictable. Last week, we were in leeds on the doorstep with the canvassers. This time, we have steered clear of th
Speakers have appeared before the club over the last century, and have established a very strong tradition of excellence. I would like to take a moment to recognize those of our 297 members as the Centennial Society attending today in the front of the room as their contributions continue to be the financial backbone for the club. They actually enable us to offer our wonderful diverse programming now and into the future. Wed also like to welcome students joining us today from Columbia Business School and Harvard Business school. In addition, we have attending members of the 2019 class of ecny fellows, a select cohort of next generation thought leaders sponsored by members of the club for our yearlong program. Welcome to all of you. [applause] it is both an honor and a privilege for me to welcome the 45th president of the United States, donald j. Trump. [applause] President Trump built on his success in private life when he entered into politics and public service. Hes a graduate of the
Of new york. Im honored to preside at todays event. Currently in our 112th year, the Economic Club of new york is the nations leading Nonpartisan Forum for discussions on economic, social, and political issues. More than 1,000 prominent guest speakers have appeared before the club over the last century, and have established a very strong tradition of excellence. I would like to take a moment to recognize those of our 297 members as the Centennial Society attending today in the front of the room as their contributions continue to be the financial backbone for the club. They actually enable us to offer our wonderful diverse programming now and into the future. Wed also like to welcome students joining us today from Columbia Business School and Harvard Business school. In addition, we have attending members of the 2019 class of ecny fellows, a select cohort of next generation thought leaders sponsored by members of the club for our yearlong program. Welcome to all of you. [applause] it is
Meeting with, and of course better known as the new nafta. And the s and p and the nasdaq hitting new highs. Lets bring in our investment committee. Joe, stephanie and john, marg reet reed, union bank private bank, and rob of ubs private wealth management. So stocks, joe, pushing to new highs. Youve got the president who is probably going to tout a strong economy, high gdp, low unemployment is he going to give the market another leg up i think you and i used the phrase coiled spring here we are, we are springing higher, with very good reason. I think when youre looking at the steepening of the yield curve, the uninversion, if i could create a word, the uninversion of the yield curve, theres been a significant rebound in yields. And then earnings, and steph talks about earnings all the time eps gross was expected to be negative, 3 to 4 we came in down only 1 . So i think there is a lot to present a very fertile environment for the capital markets. Every asset class is higher. Where is t