The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not attractive or undervalued. What is not to like about that scenario . Dennis in the past earnings season we have seen some companies missing on revenue. Earnings they are ma
Ecb holds rates steady saying the risk of deflation have not decreased. The markets set to edge lower after a jump in claims. Plus, more trouble for citigroup as u. S. Authorities open a criminal inquiry into the banks mexican unit, so should you be worried about the companys stock price . A long legal battle starting up between tesla and the state of new jersey, well tell you how the hek carmaker is fighting back against the garden state. A lot for the markets to digest ahead of the jobs friday after the s p closes for a record high for a second consecutive session. The jobless claims are up to 326,000 and as we said the ecb does keep its key Interest Rate unchanged at a quarter percent despite all the concerns about deflation rinks. In a News Conference mario draghi said the drcentral bank will use all methods needed. They say if a 0. 5 cpi doesnt get your attention, what does . This guy is really on a mission to get that economy restarted. I think hes managed to be able to dodge the
Was we had to come in and try to eliminate the lines of demarcation and from mote competition and promote competition, believing thered be innovation, more investment, more consumer choice, more innovation and, you know, fortunately, i think the result has proven us correct, that thats exactly whats happened. But now were in a situation, you know, not that many years later that there needs to be, again, i think, a massive overhaul. And out of all the new technology, all the new applications, all the new modes of service. Host rick boucher, youve covered, worked on telecommunications for a long time especially as a member of congress. Did congress understand what was going on with the 96 Telecommunications Act, or was it just limit today a few members with expertise . Guest well, as is often the case in the committees that focus on particular subject matters took the lead in this reform. Jack was chairman of our subcommittee. Other members of our subcommittee had been focused on telecom
Cspan sundays and it 00 published my Public Affairs books now available in your favor bookseller. Up next a look at the resources securities and Exchange Commission and the Commodities Futures Trading Commission to enforce regulations under the doddfrank financial. The sec is requesting over onehalf billion dollars for next years budget. The cftc is asking for 280 million. This is an hour and a half. Udal room waiting for the hearing to get started. We may be waiting for the s. E. C. Chairman to come to the hearing om. Th good afternoon. The subcommittee will come to order. I am pleased to convene this airing of the financialservices and general Government Subcommittee to get some of the fiscal year 2015 funding requests of to keep federal regulatory agencies. Cal year 20 requests of two key federal regulatory agencies. The securities and Exchange Commission, and the commodity futures trading commission. I welcome my distinguished Ranking Member, senator mike johans and some of my othe
Group. Why is this happening . Well, you know you get the home Builder Sentiment in, and that came in at 54, so that continues to show strength, above that 50 number means that more Home Builders view conditions as good rather than poor. Anything below 50 would be bad. So it was slightly less than what some of the analysts were expecting that 55 number, however, you are seeing the group do well. Why is the group doing well overall . Points right over to the ted and low more to the fed and the low more gauge rates. Assuming the fed continues its bond buying, youre going to see mortgages remain at low rates and desirable, so thats why were seeing this Group Continuing to do well today. Back to you. Lori well see you soon, nicole petallides. It is another recordbreaking day for the markets. The stocks continue to climb. So will the momentum continue . Straight to our floor show, weve got traders at the New York Stock Exchange, the cme group and the nymex group. First to the New York Stock