Good morning and thank you for joining us at this important summit. I am privileged to have the opportunity to set the table and introduce the attorney general. I suspect most of us here today are aware that attorney general barr has had a distinguished career in private practice and government including time as the head of the office of Legal Counsel and Deputy Attorney general and that he served as the general counsel of a major corporation. I am confident that nearly everyone knows that he served previously as the 77th attorney general of the United States and now again as the 85th attorney general of the United States. What many may not know is that when bill barr was previously attorney general he was in may 1992 honored by israel of america with his humanitarian of the year award. His commitment to using the power of the federal government to ensure the free practice of religion and to fight those who intrepid and vile antisemitic acts is not new. Indeed, in his confirmation hear
S p up over half a percent the nasdaq tipping between negative and positive in the last few hours, and right now its fractional lehigher, and the dow fractionally higher. Its a larger conversation this is about mega caps as well, because tesla is down 9 over the course of the last five days and apple down over the last five days. The way the strategy owns apple and tesla, i like it were equal weighted we dont have the significant exposure i think thats an important question for investors right now, what is your actual exposure in your portfolio to the mega caps, because as it rallied it has statistically grown further. I believe in being equally cap weighted and now specific to the fund mentals and the technicals of apple, where are we right now with apple we are pulling back within the critical moving averages were all the way back to where we were on Worldwide Developers Conference Day that monday in early june. We have erased all the gains back to there. Structurally from a technica
rate and imposing a 25% minimum tax on wealthy americans. here with a look at the coming showdown in congress our wall street journal columnists khan henninger and mary anastasia o grady and editorial board member kyle peterson. so, dan, i couldn t help but notice that the new york times this week portrayed the president s budget as moving to the center. is that how you see it? [laughter] whoa. well, it may be where the new york times describes the center. no, that budget moves smartly to the left. i mean, senator elizabeth warren was beside herself over all the tax increases on the wealthy. she just thought it was great. you know, this is really a peter pan judgment, paul. you just spread pixie dust everywhere, and the economy takes off. we could make fun of it, we say it s not going to happen because of the republican house. i could make a couple points about in this. one, if perchance, this is a campaign speech concern a campaign budget, there s no question about it, a
Crazy judge and a socialist state attorney general trying to take Donald Trumps businesses away from him. Even by new york standards this is an out of sight interplanetary assault on a, private property, b, the u. S. Constitution, and c donald trump. Now the latter is leading the gop primary field by more or less 50 Percentage Points and he is running ahead of joe biden for the presidency by five to 10 points. So the socialists who are absolutely terrified by a Trump Victory are now working to put him in jail for 750 years, take all of his assets away and all of his businesses. Am i simplifying . I dont think so. The state ag, Letitia James, she ran against trump in her election even though he was not on the ballot, and so did the new york prosecutor alvin bragg. They were working on legal attacks even before they took office. No evidence needed of course. Now they foisted these injustices against the former president in real time, probably trying to tie him up in court so he wont go o
Equals stagflation. It is the worst of all worlds. Stocks dropped nearly 400 points. Tackle all this and more, we have steve moore around mike falkander. Can President Trump stay on message if he is in court every day . Sure looks like it but the great Kellyanne Conway will tell us. She will be here on set. Do president s have absolute immunity from the Supreme Court hearing this morning . Gregg jarrett and pam bondi will weigh in. The markets did not hike todays gdp report. Our own gerri willis standing by with more. Gerri, not so good. Reporter not so good, larry. If you want to know where market rates are going, Interest Rates they will not get cut anytime soon after today but lets start with those numbers from gdp, right . As we take a look at this, the answer to your question is yes, the market realized rates may not come down soon. Lets start with todays close. Stocks down, not at the lows of the day. The dow down 375 points. At its worst it was down 700 points. The s p closing d