Pursue areas of agreement, shared goals, shared purposes. Policies decisions will fall out of that. Senator, this bipartisan meeting looks great, but it was just over two weeks ago that the president tweeted if Senate Republicans dont get rid of the filibuster rule and go to 51 majority, few bills will be passed so is this a reset are we to expect not just bipartisan conversations but a bipartisan approach to crafting legislation, or is this just a conversation it will take two to tango again, i give the president credit my approach has always been to try to find bipartisan support did that with joe donnelly so its the starting point now, are we going to get eight democrats to sign on to a major piece of legislation that might be a stretch but it doesnt hurt to begin the conversation whether its health care reform, tax reform, infrastructure, talking to our colleagues trying to find those areas of agreement if we make a really good argument, if we find those areas of agreement, we migh
And pays out 60 of it earnings through difficult depds and has bought back stock on what people think are attractive prices. This does not sound like a company that need your help. Its a Great Company and a great business and the stock has done great for a long period of time the issue for shareholders is not how well the company has done over the past and how well it will do in the future bottom line is adp has underperformed relative to potential. Youre judged relative to your potential, not relative to fat issus quo and this is a company with huge opportunities to improve its profitability. Its not an efficient business, and in fact many things you mentioned explain the reap why are the company has underperformed when you have no debt and have a really profitable business and dominant market share. Those are companies over time that get less efficient because they dont have to be as efficient, and that lack of efficiency becomes an issue for the business Going Forward and becomes a
Home caught on tape unleashing a screaming, profanityraced tirade at his neighbor, who happens to be Kathy Griffin. Is his job in jeopardy power lunch starts right now im Brian Sullivan thanks, michelle your money is steady ahead of the fed. The dow is up about 20 points. It would be higher if it wasnt for apple. Apple, the biggest drag on the dow, reportedly admitting there are some connectivity with their new watch. We have an ipo shares of ali baba backed the Logistic Companies best up inc more than 13 . Investors are throwing in the towel on bed, bath, and beyond plunging lets leave you with some good news if you own shares of biotech firm alnylam, that stock is up 40 after a drug candidate cleared. It is all about the feds lets begin there. The countdown is on less than an hour no rate hike is expected but this is still an incredibly important meeting and announcement because everybody wants to hear how the fed is going to start to unwind its multitrillion dollar Balance Sheet. Ou
One fed member indicated that he or she believes rates could rise a half percent at the december meeting, not just a quarter point. Surat, can stocks and rates both rise at the same time . I believe they can. The reason being that the fed has been actually pretty good at telling us what theyre going to do those expectations are baked into the market. The market hates uncertainty so whats driving this market and whats driven this market since last july are earnings global earnings are doing better and i think theyre going to continue to do better. And if rates move up but they dont move up faster than expected, i think you will see the market go up multiples might not expand because i think theyre pretty high levels, but if earnings expand, then stocks grow into those earnings. John, listen, in 1994, the Federal Reserve raised rates by 2. 25 . In 1995 the dow rose 33 can we do it again we can. Can or will i think we will first of all, can we go up when rates are going up weve done it be
Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi