Right now, ambassador lighthizer is on his way which is why it is so curious to see the story being put out by the chinese, the wall street journal, you cant reach him at this very moment but, yes and this is important because both Speaker Pelosi came on mad money, this is a done deal, once you finish the articles of impeachment and the president wants this deal, talk about david during the break, but it is the one thing people seem to agree on in washington this is a good deal. And yet the a lot of the people i follow who are you get a democrat in the white house and companies are allowed to move back south again it not that adventurous to do so because of the big increase in wages. Those of us who do business in mexico can tell you the differential is not just cash. But it is also healthcare, where they have universal healthcare and this is a story about pollution control. Where both sides are now saying both democrat and republican, there may be some enforcement, plus control rules.
Optimism. Keep in mind, folks we currently have tariffs on 360 billion in chinese foods. Reality this rally is based on a strong economy, strong earnings. By the way it is also my birthday today. The question, is there more room to the upside . President trump is weighing in on the surging market which doesnt appear impacted by impeachment hearings as we approach dow 28,000. Another record stock market. 21 times this year, despite ongoing, totally unfounded witchhunt and a Democrat Party would love to see a nice big juicy recession, in actuality the potential for the United States is unlimited. We will power through the do nothing dems. I do agree. Our potential is unlimited. I want to bring in to discuss this sure vest president , rob luna, Kingsview Wealth Management cio scott martin. Let me start with you. I was saying the other day last week when we got the Consumer Sentiment number out, were not past where we were in january of 2000. If we ever get through there as a nation, reall
6 00 here are the results just reporting. 2. 53 a share. A penny above estimates. Just short of 27. 52 billion here are the keys for Guidance Company now expects sales to grow by 1. 8 the previous guidance was 2. 3 1. 8 versus 2. 3 comps are 3. 5 previous guidance was around 4 . Lets bring in senior analyst. So the Forward Guidance is below where it was previous . Yes quickly looking at these numbers, there was a sales miss in the quarter also lowering guidance for the rest of the fiscal year. Sales guidance Sales Guidance. Im not sure whether that is a total company or domestic. The street was around five that is a point and a half the street is a full point above where the company had guided the company had guided four. For the quarter ill look at the quarter first the street was around five for the year, the company had previously guided for four they missed roughly a point, point and a half in q 3. They are taking guidance down about 50 basis points. The real message here. It is a
The time we were in office. It is substantially more than a hundred. We will get the exact number because i know you would not want me too have that wrong. They dont like that. We are up over hundred times for the stock market that means jobs and companies are moving back into the United States that left and we had Many Companies coming back, the employment numbers are at a record, we are very close and we just got a new number on africanamerican employment is the best its ever been and you can take employment or unemployment is the best numbers its ever been. So were very proud what is happened to our economy. In a few month ago you are predicting a recession and perhaps someday there will be a recession but we have a long way to go. The consumer has never been stronger in working to make the consumer stronger with transparency because theyre going to get much better pricing hospitals so we can probably add this to the number and use all the Median Household Income for president bush