Mario, we talked about the banks on this show almost every day since the election and for good reason, they have soared. What do you think of this particular call that may be the skys too blue . Look, the answer is the following. As goldman is a subset of whats going on in the entire ecosystem of stocks. After the election capitalism beat out socialism as a way to thats good for people who want to have assets protected under the rule of law. Now were putting back innovation and creativity. Goldman is terrific at that. Secondly, the notion of the whole notion of fiscal stimulation to augment Monetary Policy which is slowing down. Goldman is going to benefit from that. In addition to that, corporate love making goldman will benefit from that. In addition to that, tax reduction, reg reforms, individual taxes coming lower, Corporate Taxes coming lower. A lot of Little Details in between. I dont see any reason to not think it will do quite will over the next few years. Is answer is i bought
Its a confirmation hearing for one of the president elects most scrutinized cabinet picks. Secretary of state designate Rex Tillerson appearing before the Senate Foreign Relations Committee. Some lawmakers have expressed concerns about tillersons dealings with russia, jim. We got a lot to get through in the next few hours. Yeah, look cross talk with joe in the market yesterday though everything is up for grabs. I think the tillersons hearing is very much encapsulate the whole rally. But tillerson is at the heart of what i regard business agenda who is secretary of state. And part of the business agenda by the way is to do business with everyone including russia, which by the way before you went to sochi was one of our brightest possibility of partners of energy. So lets say too much is on the line to not cut away. Not the only one going on as well. Elaine chao in front of commerce this morning. Tillerson now apparently in the room shaking hands with members of the committee. Expect to
We take a peek at the president. It could add even more fuel to the rally. The president er outlined two big spending opportunities. He is talking about infrastructure and defense spending. He made a speech. He highlighted some of the infrastructure around you guys in new york city. He said when you drive under the tunnels in new york city, it is a little bit scary because you feel like things will fall off the kriel on to your car. We have to fix our infrastructure. It is not like we have a choice. We have no choice. And it means jobs which is a good they know. Other big priority is defense spending. Take a look at the numbers of where their budget is headed. This is just a plimt look. Theyre outlien ning for us. They expect to spend 603 billion on defense on. Nondefense, 462 billion. Thats a cut. Their going to zero out all those spending increases. Net net about, the same in terms of the deficit from where it was last year. But no specifics from the white house in terms of what they
Registering 5. 8 . 2 1 2 year high. The road map begins with President Trump going to congress in his First Official address to the nation. Asking for billions in military spending along with cuts in other programs. Target tumbles after an earnings miss. The retailer sinking more than 13 in the premarket in what would be its biggest decline since it went public in 1972. Could it be lucky number 13 for the dow . The record run for markets continues. The president will address a joint session of congress tonight. The theme will be the renewal of the american spirit, focusing on Public Safety as well as Economic Issues like job training, health care and tax reform. The president expected to call for an increase in military spending by 54 billion. Large cuts in other programs. Heres what he told fox and friends about where that spending money will come from. I think the money is going to come from a revved up economy. I mean, you look at the numbers were doing, we were probably gdp of a li
Laser focus on washington today as President Trump gears up for his first address to a joint session to congress tonight. What you can expect from the big speech straight ahead. Im melissa lee. The battle for your trades. Fidelity cutting fees. Take a snapshot of that, schwab, etrade, tdameritrade firmly in the red this hour. What every investor wants to see, exclusive of the ceo of target. Courtney reagan is live with Brian Cornell in new york city. Courtney . Hi there, brian. Thank you very much. Thats right, target just wrapped up its 2017 financial meeting. Im here with ceo Brian Cornell thank you so much for joining us. Your stock price is down 13 . Worst day in 18 years. Do you have a confidence problem with wall street . Courtney, were really confident about the direction were setting. Today was about taking our shareholders through the new direction of the company. The investments were going to make, both from an operating margin standpoint but importantly from a capital standp