What is behind this a rally . Can it continue . Good morning, gentlemen. Paul, ill start with you. Valuations getting stretched here im a little bit worried about the valuations in tech, and ive been at this game a long, long time. Fundamentals are okay. Fundamentals might even be accelerating a tad from last year but when you take a look at the valuations of some of the marquee names that you mentioned in the teaser, particularly tesla and apple, im worried interesting okay joel, how about you . Given some of the names we just mentioned, in your coverage universe, what do you like the most at these levels good morning. Thanks for having me on. Obviously with tech you want to be a lot more selective and who the winners and losers are going to be. I think apple is to the upside, but 13 times to 24 times the span of 12 months is getting a little rich. I think the 5g hype could get a little ahead of itself, especially 5g as a utility is limited in the foreseeable future i look for names i
The banks and the tenyear breaking out but we start with twit they are morning, moving higher, posting its ninth straight quarter of slowing sales growth and announcing it will cut 9 of its workforce, about 350 people. Top of the Bottom Line Results did come in bovis mates and the service adds 4 million monthly active users. Jack dorsey on the Conference Call earlier this morning. Were focused on building the most useful, open, and co comprehensive news network on the planet. This is the fastest way to see whats happening. Our product is already revolutionary and were focused on improving it every sing dale. Weve been making hundreds of small changes as quickly as we can that will continue to compound in more usage. How do we divide the conversation between evolutionary, revolutionary in terms of the core business and the m a, which he just refused to answer . Jack dorsey said extremely important. That is the first time ive heard twitter recognize what it is, which is a news and live e
The will of the people. It never was the will of the people. Its a product of hook and crook and legislative shenanigan, its done against the will of the people. Furthermore, Thomas Jefferson, whom both parties revere, once said large initiatives should not be advanced on slender majorities. Large initiatives need to be bipartisan initiatives not completely 100 partisan initiatives which obamacare is. And the slender majority that Thomas Jefferson was talking about was the slender majority that he previewed or presumed to be a bipartisan majority. If jefferson had been talking about a partisan majority, it would have been clear in my opinion what he would have said. He would have said large initiatives should never be advanced on partisan majorities. Thats what happened with obamacare. The Largest Initiative that has been jammed down the throats of the American People in its entire history is obamacare, advanced on a purely partisan majority by utilization of legislative shenanigan and
Life. More details on the shooter. This is not the first violent act by aaron alexis. 34yearold was arrested in 2004 in seattle for shooting up the tires of a mans car in an angerfueled blackout. He was arrested in texas in 2010 for shooting a gun in city limits. Charges were never filed. Navy said aaron alexis received a general discharge from Navy Reserves in 2011 after a series of misconduct issues. After the arrest his father contacted Police Telling them aaron alexis had anger management problems associated with the ptsd. His son had been an active participant in rescue attempts in new york on september 11, 2001. President obama promised federal authorities would work closely with local police. As this investigation moves forward well do everything in our power to make sure whoever carried out this cowardly act is held responsible. The president s remarks came at the beginning of the speech on the financial situation facing our country. He delayed that speech an hour while monitor
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