democratic memo goes through the scrubbing process. is that the speaker being responsible, or is that the speaker saying he sees cause for the president if not to completely withhold the memo, at least redact some of it? that is him telling him not to let the democrats tell their counterstory. i think there will be some in the memo disputed. i want to show how bifurcated this issue has gun. 54-39 that the russia probe is legitimate and not a witch hunt. among republicans it s a very different story. the president has convinced a huge number of his voters and his party that this is not legitimate. 27% of republicans approve of the fbi s handling of this. 58% think the fbi is biased against the president. again, in part, jeff sessions, i think, did not want this memo released, at least the fbi didn t, and most of the justice department didn t, but
very close attention. they have been quite volatile today. i normally wouldn t be looking at my iphone, but given the market moves, i m checking it. it s now up 187 points, so we re back up today. well, the administration has claimed credit for the markets going up. are they going to claim credit when the markets go down? again, i think we ll still claim credit for the fact that it s up over 30% since the election. in the conversation, is there anything washington-specific to this? greg mentioned with the change with the fed, there are some concerns there. but for the most part in the last several months, the markets have loved the tax cut plan. they ve loved less regulation. is there something trump-centric to this? the other question was how much was built into this market. everyone expected that the tax cuts were expected to happen last year, never mind the dysfunction. the market didn t really climb because of that, it was already
price of my house, you know am i still under water on my house? i think like a lot of things in the trump administration this eventually fizzles away. neil: you think so, adam? i ll add to that. we ve had a year of a president who behaves in responsibly who threatens nuclear war and that list goes on and on and on and the stock market neil: you should hear what he says z about you. well i m good with that but the market didn t react to any of that. it just kept going up and that s what i see happening here. neil: the only reason i mentioned it is i think the uncertainty of it especially their follow-up investigation suggests well this goes on and on and no one knows where it ends but who knows. i want to thank you all all right? you didn t hear from newly-released but there s apparently a football game tomorrow and a lot of people, you know bet on this thing i don t know why, but apparently better than $4 billion worth of betting goes on it s illegal americans reminding of that,
can we please point out only 52% of the american population even owns stocks. so the stock market is not a one-to-one reflection on the economy. right. so president trump tweeted about how well the market has done and he picked a very interesting graphic. this is it. showing you from election day, inauguration day where the market is. it shows the market was basically doing nothing until donald trump became president. so what we did is we recreated the graph in this tweet. there you go. from 2015 to 2017, it looks like the market didn t gain much and then look what happened on election day and inauguration day. but we do what we like to do around here, stephanie, we pulled that graph out to the length that you should see it from, starting from march 9th, 2009, a day i like to remind people of, and that is what the stock market actually looks like. it has been a steady climb, courtesy in large part of
saying he was reluctant to quit after charlottesville but saying he s very disappointed it the administration s response. the market is very attached to gary cohn. the market does not want him to quit. the they want him to be a grown up in that white house. how to get tax cuts. it s not tax reform, then tax cuts for business a lower corporate tax rate. there were a couple times in the last week when there were rumors in mgt market that he was under a lot of pressure to resign, and the market didn t like that. so gary cohn is a grownup in the white house. a top wall street folks would like to see remain. as we ve been saying hurricane harvey to be a category 3. the it could be by the time we get our next update at 11:00 a.m. could bring up to three feet of rain. i want to bring in fort of former direct ler of the national hurricane center. just give us a sense of your area of biggest concern with