Welcome, good to have you with us on this new years eve tuesday. Our Investment Committee here today, joe, josh, jim and amy is back the chief Investment Officer of Chevy Chase Trust and one of barrons top 50 registered Investment Advisers for 2019 we begin with the markets. Stocks are trying to end a great year with another day in the green. Bouncing from the worst day in four weeks we do have big news today from one of our very own, hes making a move on a stock that hes been a big believer in for a big part of this decade. Josh brown, selling twitter. Im out feels good. First time out since the ipo in 2013. Tell us the reasoning. First of all, happy new year and thank you for ending your no, im telling the viewers, happy new year by the way, this is completely filled with gray goose, so take everything i have to say with a grain of salt. I got out of twitter today with a very small profit. I had been adding in the 20s, i owned some as high as 40 around the ipo. It has not worked out.
New polls released by the wall street journal show bidens challenger leading in six of seven battleground states. Yeah, he leads in pennsylvania, michigan, arizona, georgia, nevada, North Carolina. He is tied with biden in wisconsin. And the results are in from tuesdays primaries. Biden and trump won with, but both had some opposition e is. In wisconsin got 8 of the votes. In connecticut, uncommitted got 11 . These voters object to bidens support for israel. Trump is using his time away from court to blast the president at rallies in wisconsin and michigan last night to thunderous applause. He called for a day of christian visibility. Thats a play on bidens easter proclamation of a day of transgender visibility. Trump had energy, didnt appear to use a teleprompter. The president speaks today on his efforts to account drug prices to cut drug prices. He will use a teleprompter and answer no questions. Lets get to the markets. Two days of heavy selling to start the quartering not that muc
Part of ceos, certainly what we heard from starbucks last night that the consumer is becoming more cost conscious. The effect of higher rates, the effect of inflation is real. Its impacting lower income lower income consumers, and i dont think without question you could avoid that ultimately what does that mean i know some people have suggested, well, maybe the Federal Reserve puts on the table a possible one more ratea and ultimately what they deliver to markets i dont think is going to be too disruptive and send the market into a deeper decline. Sounds like what are you saying, the bullish story is over the Firm Landings here . I think the firm landing actually benefits. I think the firm landing benefits the premise that accommodative Monetary Policy is closer than we think i actually think you get the rate cut at some point in 2023 will we get it for the wrong reasons . I take what he said the other way. I get that hes saying thats not going to drive the market lower, the fed to. An
Communication for sponsoring this venue, faderman is appearing as a result of senior pride. [applause] were pretty thrilled about that. And ms. Nutt by the tucson medical center. [applause]. And jim is here on his own, i guess. Evidently. The preparation will last an hour, including questions and answers and we want to ask you to hold your questions until the end, and we hope to allow plenty of time for questions. Immediately following the session, the authors will be autographing books in the sales and signing area in the ua bookstore tent on the mall. It says booth 141. Books are available for purchase at this location, but miss faderman will be 20 minutes late since shes going to be interviewed by cspan. We hope youre enjoying the festival and invite you to become a friend of the festival today. You can text friend to 520214 book. Or 5202142665. Our visit to friend of the festival booth number 1110 on the mall. Your gift makes a difference in keeping the festival programming free of
Over time harry told me. For four years we talked over lunch when we come to japan from his home in california. And finally one day i turned to him and said harry, this is an important story on so many levels. It is an important story for your family. For your generation, for the japaneseamerican community, for usjapan relations. And i dont know if im the right person but if you would consider having a book written i would be happy to try. Only kentucky find someone. But i think you should seriously consider leaving a written record. And by this point i thought that i could document it and he turned to me and he arranged for me to meet his brothers the next day. His brothers who had been conscripted into the Japanese Imperial army. Harry became one of the first japaneseamerican colonels in the us army. He became distinguished member of the military intelligence hall of fame. The 500 military intelligence brigade which is the Pacific Vanguard for intelligence is located in hawaii on awa