Good morning, everybody, big show this morning, joining the conversation capitalist founder jonathan honan is here, benchmark managing partner kevin kelly, great to see everybody. Thank you. Maria breaking news of the morning, Uk Supreme Court delivering blow to Prime Minister Boris Johnson, Supreme Court ruling suspending parliament was unlawful, thats opening the door to more pushback on his plans to take britain out of the European Union, your reaction, kevin. Yeah, this is fascinating, he was actually going for a Nodeal Brexit by october 31st because the European Union hasnt really been working with the uk on trying to leave, they have been in stalemate for a long time, he has actually informed the queen of this, of his plans and she didnt push back on him and so now its going to be hard to see, i mean, it took them a long time to get article 50 done where they deliver to the European Union that they. Going to leave, you know what, october 31st looks like the deadline, theyre not g
Issue. That and much more on making money. There is greating feeling about trade talks an shut kel button potential deal . Want to bring money map press, chief investment strategist Keith Fitzgerald to join us now keith, let me ask you, how surprised at you of this really over the last couple weeks . As usual throughout the last 10 years, it always felt like a stealth rally but even more so in the last couple weeks . Well it has, save the one thing you and i talk about frequently which is china will come to the table and Companies Look forward. Was it a surprise to me . No. Was the extent of the rally . Yeah, that was a little refreshing or surprising of. Charles we got retail sale numbers out this morning it was better than expected. As i look at this report, Motor Vehicle sales were strong. Absolutely through the roof. We were told they would be strong. Building materials strong. Sporting goods strong. A last minute rush on guns, that they wont be able to buy guns. Internet. 64 billi
Down nearly 334 points. The president just weighingin on all of this tweeting moments ago quote what the market wanted to hear from and the Federal Reserve that this was the beginning of a lengthy and aggressive rate cutting cycle. Which would keep pace with china the European Union and other countries around the world. Powell let us down but elysses and in quantitative tightening which should not have started in the first place. No inflation. We are winning anyway but im still not getting much help from the Federal Reserve. So steve, is this fair criticism given the strength of the economy . I think jay powell is simply trying to save face. He had to reverse himself for from last year and now he is saying , we will do it our own way. But there will be another cut by the fall. Kind of a big yawn. December should have happened i dont think today should have happened. Today is just a reverse, one thing that should have happened there for the second thing had to happen. Im not so sure we
To Top Republican senators raising questions over an email. National security adviser susan rice set herself on President Trumps inauguration day. Details that document president obama and fbi director jim comey over the Russian Election hacking. American phenom core weekend taking the gold flying high in south korea. Highlights from the winter games. Dagen make towel, benchmark managing partner kevin kelly and former trump surrogate erin elmore is here. Good to see you. Good morning, everybody. Dagen good morning. Loving it. This market we only see down two thirds of a percent. This is a lot better than 1. 5 . Time to digest the volatility. Maria what change from yesterday at 4 00 with the marquis at 400point intraday decline at 153. Dagen the Interest Rate story will reign supreme with this budget buster that came out other republicans in congress, the twoyear budget deal with the white house with the president s budget willing to tolerate deficits for years and years to come. A Fede
Better than 5 . Europe this morning declines across the board. Things are off of the lowest bft 100 hitting the lowest level in a year earlier down almost 2 right now. The cac down 1. 8 in the dax in germany down 120 as well. Collective futures because this is where we see a little bit of a bounce. The dow was down 200. Dow industrials 1057 points. S p and nasdaq is positive. And the nasdaq up right now with 31 points up one half of 1 . We been on the market turmoil yesterday. We couldnt be more proud of the fact. The market is increased by thousands of points since election day of 2016. But todays selloff represents the oven flow of our stock markets. We recognize that. The most important numbers to focus on are the fundamentals. Maria the latest as the white house is resident travis focused on fundamentals which remain exceptionally strong. Turmoil comes as investors are eyeing fundamentals. Fourthquarter earnings before the bell this morning. Well bring you those numbers are the sto