Some three years. We are joined by our experts as we see the arrival taking place as we speak at the white house. Benjamin netanyahu becoming the fourth leader to visit the white house since the president has taken office. Eamon javers, youre there watching all of this unfold . Scott, thats right. Youre looking at the south lawn here of the white house. You see the first lady there along with the president of the United States and Benjamin Netanyahu and his family and associates arriving here at the white house getting out of the israeli version of the beast, what they call the white house limousine. And there you see the greeting, warm greeting from the president for all of the International Leaders that weve seen here at the white house over the past week. Weve seen Prime Minister of japan, Prime Minister of canada, and now the Prime Minister of israel. And theres the handshake and the shoulder pat. So much analysis being done of the handshake style of this president of the United St
Around with joe terranova, steve weiss, josh brown, jon najarian around and er and erin brown. First, new at noon today. Another famed money manager weighing in on the side of the stocks today. Apple loses david teper telling me exclusion ily today hes long stocks, short bonds. Tepp posing the question to me like this. Could be theres too loose monetary policies still around the globe. It suggests its affecting the bond market more than stocks. Weiss, ill let you weigh in on that first. Lets take the tepper commentary first and meld that with what buffett is saying as well. Theyre both saying the same thing basically. Buffett is saying im not getting paid for my risk in bonds and youve got to be crazy. He kept saying it over and over again today. Im not getting paid to own bonds. Theres no return there. Get paid 3 or 2 to put it long term . Lock it up long term in a 30 year for 3 makes no sense. Thats depleting asset in terms of cash. What dave is saying and dave has been saying it for
Welcome in this morning. Were live at the mobile World Congress in barcelona. The dow is almost exactly unchanged ahead of a big night for the president tonight. Laying out his plan for the budget, defense spending, reaching 3 growth, something that has not been done since before the recession. Good morning. When you say all of that there is a real legislative log jam building here. You get a sense from the president that he is really wrestling with some of the grim realities of governing in a town that is so deeply divided. Here is what he said about his spending initiatives. I think the money will come from a revved up economy. You look at the numbers were doing, were gdp of a little more than 1 . If i can get that up to 3 or maybe more, we have a whole different ball game. Its a whole different ball game, and thats what were looking to do. He also expressed frustration with the complexity of health care reform. Here is what he said. Health care is a very complex subject. If you do i
Joint session of congress all the more interesting for investors who will be looking for more clarity. Jon, youre the one who suggested if we dont get that clarity, a correction could be in the cards. Yeah. If he stumbled and didnt give us basicalically what the marke wants we all know the market, us collectively, we can act like bad children and when that happens of course the markets generally react negatively. I dont think thats going to happen. I think hes going to hit repatriation hard. Ive got an example for you. You take a look at some of the activity in the derivatives contracts. The options. These companies folks have the most money overseas. Microsoft, g. E. , a 8, pfizer, ibm. We have unusual activity in virtual lit every one of those over the last week. What does that tell me . Tells me that people are betting on upside after the talk on repatriation tonight and that 2 1 2 or more trillion dollars that could be pouring back into the country. Do you think, josh, the ramally
Moments ago. Our parent, nbcuniversal, investing 500 million in snap during the ipo, as the markets look to cap off a sixth straight week of gains. We have not had backtoback days of losses since the end of january. Ggv capitals managing partner glen solomon, wells fargo chief portfolio strategist Brian Jacobson join us to talk about the markets. Brian, and snap specifically, as this starts to clearly roll into some retail hands, what does that mean for tech and for overall sentiment . Well, i certainly hope that a successful ipo is a harbinger of further successful ipos. You know, you saw a decline in ipo activity last year because of market volatility, so maybe well see a little bit more activity for 2017. For the tech sector as a whole, i think that it shows that people are still optimistic about the outlook. Obviously, you cant extrapolate whats going on with one stock for the rest of the sector, especially such a diverse sector. We still tend to favor those parts of the tech secto