Link and aaron brown with us as well and mike wilson here, Investment Analyst and chief executive officer. The russell 2000 is bucking the trend all the way on the righthand side. Mike, good to see you. Welcome back. Thanks. What do you make of the russell and what it says about where we are in this some rally . Other than torturing people its been a wild ride this year with the russell fortunately a couple weeks ago we doubled down on our smallcap call making the claim that we thought the tax had been priced out of the market which is really probably the most important thing thats driven the russell. I think you really have to go back to november and instead of looking at the yeartodate performance, you have to look at the russell prior to the election and if you look at it that way its performed in line with the s p 500 so we look at the last four months as a consolidation of the initial gains after the election which was tax hopeful and now we think were seeing signs and in fact we
Korean air space north Korean Foreign minister responding to two things one is b1b bombers to the east of north korea saturday as a show of force in response to the tensions and this tweet from the president over the weekend, donald trump tweeting out just heard foreign minister of north korea speak at u. N if he echoes thoughts of little rocket man they wont be around much longer. Its not clear what the president meant by they wont be around much longer the foreign minister today in new york, brian, saying when north korea responds to the u. S. Show of force that will answer the question of who it is exactly who wont be around much longer a war of words here, if nothing else, at the white house. Eamon, thank you very much rick santelli, lets take a look at tenyear did we see a move in the bond market, rick absolutely, sully, whether youre looking at twoyear hopefully youre looking at charts, tenyear not only our interest rates. Since the german elections, bunds. Even the equity market
Announce the charges in florida case with us for the hour today, joe terranova, stephanie link, josh brown and jon najarian and also gentleman gentleman theirian the nasdaqs skid would be a troubling sign it is the worst stretch in some ten months josh, im wondering what you make of what is happening with the fangs. Thank god im back. No one is talk lick wquidations today. These stocks are allowed to go down 10 it is not the end of the world and in fact i would actually say look at how well the market holds up in the face of the most popular hottest stocks in the market doing poorly. This is a positive not a negative so lets think about it. Apple down 9. 6 . The russell doesnt move the russell is up 6 this month. This is a good sign. You have an oil rebound, you have the itb, builders making new alltime highs as im talking. You have the transports within pennies of a new alltime high this is a positive, not a negative let these stocks correct they are up very, very big and at the end o
America and perhaps on american resilience manufacturing coming in very strong pushing stocking to new highs, that is where we begin tonight. October historically one of the worst months of the year, but you wouldnt know it today the dow 5ding another 152 points tonight. It also closed at the highs of the days day, which could be a technical sign the blue chip index kept good compute. All joining the dow at new record highs, it was a very broadbased rally as well all posting gains, but as markets climb, so do many investor questions, but how much more may actually be left in a nearly nineyear bull run. Those questioning have been around i have asked them seemingly for the last couple years. Those questions continue to be unanswerable i tell you, i continue to think we have taken a lot of our cues from europe. I say that because we emarked 12,000 as a huge line in the sand see where the dax traded down to, and what its done, and now it makes sense that equities are rallying what still w
Of the last voice there, but it was an exchange between the two, senator Elizabeth Warren and tim sloan that was one of the more memorable moments. I think the reason that im the right person to run this company today, notwithstanding your criticism, is because i have been making change at this company for 30 years. Are you kidding you know, look, youve been there for 30 years and every one of my colleagues on both the republican side and the democratic side who have spoken so far have talked about a broken culture at wells fargo, have talked about the fact that the problem starts with leadership you made money personally off of it when you were asked about it, you did not tell the truth, and you tried to cover it up wells fargo is not going to change with you in charge. All right that was an exchange there between senator Elizabeth Warren, tim sloan the wells fargo ceo. We also have to have on cnbc today the companys largest shareholder, Warren Buffett. He said he still has faith in m