Michael farr, ceo of farr, miller and washington. Mr. Wonderful himself, kevin e oleary himself the markets have turned south. The Dow Jones Industrial average is down 158 points about 3 4 of 1 . The nasdaq is your big decliner. That is down 1. 73 well get more in the tech weakness coming up the yield on the ten year note is in fact inching a bit higher today. John najarian you pointed out before the show that there is a lot of things we can point to but that euro was weak what is the root cause of what we are seeing today . I think some of the comments from draghi and some of the things that have been going on over seas, not the lack of growth i know kevins going to hit on that for sure because thats one of his big points about why you should be invested in europe, but i think people just decided to take a little off at the end of the quarter here, kev i think the europe spillover came over into our markets, brian, because buy room or sell news, it was virtually assured perhaps wells
So much curiosity around the world for what the two leaders will be discussing in that meeting. One of the questions on the american side is whether donald trump would press Vladimir Putin on the issue of russias interference in the 2016 election campaign. No word yet on whether any of that was discussed well wait for some more reporting. There you see the picturing of the two leaders earlier before their meeting. We heard a bit from the president about what it was the two leaders were discussing today. He kept it fairly high level and fairly vague, but heres what President Trump had to say president putin and i have been discussing various things and i think its going very well weve had some very, very good talks. Were going to have a talk now and obviously, that will continue but we look forward to a lot of very positive things happening for russia and the United States and for everybody concerned. And its an honor to be with you. Reporter so the president there saying its an honor t
Thats not going to happen on the supply side. History is replete with examples where we dont get the kinds of growth effects. I agree but moreover, were going to have moreover, were going to lose much needed revenue i think thats really a problem. You and i might agree that if were going to improve the supply side of the economy, one of the things we need to do is infrastructure investment. It is hard to do that if youre hemorrhaging, you know, red ink because you cut taxes by trillions of dollars without getting merely the growth effects that you and art and steve are advertising. Okay. Remember, on infrastructure, Trump Administration approach, no legislation yet, is private partner. And theyre saying private public rather. And theyre saying that number, a trillion dollars over x amount of years we dont really know. Only a small percentage of that is going to government from government spending. The rest is supposed to come from private spending. I agree with you that going from 40 t
Fargo. Pnc and First Republic also reporting this morning, guys it is a big bank day the overall market is up, sirott, the banks are down is this a buying opportunity for banks or wait, because theyre going to go even lower i think wait a little bit theyre great opportunities. I want to own the banks down road im pretty fully invested. I think Going Forward, if you believe that our economy is going to have steady, slow growth, you believe that Interest Rates will slowly move up over time, these are great management teams theyre going to underpromise and overdeliver. And i think the expectations Going Forward are not as good as what we think i hear you, but jon najarian, that doesnt look like its the case today it looks like theyre overpromising and underdelivering. Well, jpmorgan, you look at the numbers they put up, they were fantastic but theyre only fantastic with regards to expectations we know how wall street workes. Well, okay, but look at the number they put up, brian p i mean,
Space . No. Why if you look at the volumes and look at volatility, the volatility is low. They are working hand in hand together and you put up the quarters that they put up. Specifically, im talking about bank of america. Goldman sachs we know. Its the thick trading was a huge overhead. They put up incredible numbers. I think its a misread and that creates an opportunity in Goldman Sachs. I looked at this and was hoping to see the stock down. It was flat at the beginning of the trading session. I couldnt wait to see this thing start to drop and i think thats the opportunity. Weiss, you have Morgan Stanley to deliver their results. You feel better or worse about the financials today than you did go into earning season i feel the same i feel its going to take longer to work out. I look at a 2. 31 tenyear. 2. 26 today. Thats unbelievable. It is thats where im at going forward. I dont know who is going to be the first Major Commercial Bank to say, look, were separating the business becaus