Good monday morning, welcome to squawk alley, im Carl Quintanilla with john fortt, Courtney Reagan is with us for the hour lucky to have her on a busy market day dow up 238, s p up almost 12 off the highs of the morning, but, obviously, on the heels of tax reform optimism. House and Senate Working to get something to the president s desk before the end of the year. A number of dow components hit alltime highs today home depot, mcdonalds, jpmorgan, and 3m thats just a sampling John Leibovitz joins us. Guys, happy monday not exactly sell on the news not exactly i think a lot of expectations was it was going to be a buy the rumor, sell the news i think part of it might be we didnt get the plan until late friday night, early saturday morning, but that said, based on the rotation we saw within the market away from large, towards mid and small, away from growth towards value, its been a pleasant surprise things have continued to move today the way that they have david, would you advise inves
Trade. Heres a good example. 3m, down 4, 1. 6 . Thats almost 30 points in the dow. Another Big Industrial name. Excuse me, scott, lets move over here and showing you boeing down almost 4 thats another 30 points essentially off the dow, 1 . Another Big Industrial name. Then we get to some very specific stores, this Health Care Story weve been telling you about, the berkshire story and amazon story look what its done to United Health group this is the Biggest Health insurer in the United States dow component. 10 to the downside, thats about 70 points in the Dow Jones Industrial average another specific story mcdonalds down 6 mcdonalds had good earnings beat but they have that big 1 menu there are concerns that cheap menu might drag down growth. Thats another 40 points you put these four stocks together, thats about half the decline in the better than 300 points we saw . It the dow dow is priceweighted. Theres not much positive today, but the market is very defensive in tone. Theres some
Option on his own people. A war on the Korean Peninsula would be the worst. No one is naive enough to believe a Surgical Strike would lead to an end. I hope the generals surrounding the president use their collective wisdom and memories to talk him out of the conflict. There are still nonmilitary solutions. Whatever pressure we put on china, put more, more weight, more strain, more pain. Strain their banks, shut down their Informal Networks that feed their Nuclear Monster and starve innocent civilians. China doesnt want a flood malnourished pittsburgh mald refugees pouring into their countrys. Unfortunately there are fewer than no options left here. North korea has experienced a massive spring drought and they will need to import grain to feed an emaciated population that is growing more dubious by the day. Kim jongun got his wish. We are no longer talking about charlottesville or harvey. We are talking about him. Its time to silence his face without allout war. Im kennedy. Kennedy nik
Option on his own people. A war on the Korean Peninsula would be the worst. No one is naive enough to believe a Surgical Strike would lead to an end. I hope the generals surrounding the president use their collective wisdom and memories to talk him out of the conflict. There are still nonmilitary solutions. Whatever pressure we put on china, put more, more weight, more strain, more pain. Strain their banks, shut down their Informal Networks that feed their Nuclear Monster and starve innocent civilians. China doesnt want a flood malnourished pittsburgh mald refugees pouring into their countrys. Unfortunately there are fewer than no options left here. North korea has experienced a massive spring drought and they will need to import grain to feed an emaciated population that is growing more dubious by the day. Kim jongun got his wish. We are no longer talking about charlottesville or harvey. We are talking about him. Its time to silence his face without allout war. Im kennedy. Kennedy nik
Cia director mike pompeo. Earlier today National Security advisor h prrks mcmaster. What the president shared was appropriate. The story combined what was leaked with other information and insinuated about sources and methods. I wanted to make sure to everybody that the president in no way compromised any sources or methods in the course of this conversation. Foot New York Times reported that israel is the source of that intel. So what is worse, a rick best commanderinchief or illegal leaks meant to under mine the presidency. Gillian turner, former cia open re5 Michael Baker and byron york. We have the ateam. It takes my breath way. Byron this information from the New York Times on general flynn is according according to two people who read the memo. Now, we have these unnamed sources and of course the post story which broke last night sat about this time was all spoa based on Anonymous Sources. Why should we believe these Anonymous Sources against general mcmaster who were actually in