Lets begin with the markets today. The dow marching closer to that 20,000 level as everything from the transports to small caps, nasdaq hitting record highs today. Josh, what, if anything, is still cheap is the question i pose . You have 40 new stocks hitting 52week highs in the s p today. You had 112 yesterday. Is anything cheap enough to buy anymore . Let me start by saying this is a great environment for people who didnt panic during all of the big bad event that is we had this year starting from the things that went on in january and february related to china, continuing through, you know, the brexit drama this summer, italian referendum. The election here. If you stuck to your guns skpurks owned cheap stocks, you are doing very well. Value is outperforming substantially. Small caps that couldnt get love for two years are also doing well. I dont understand why we would say that thats going to stop. The its important to point out the four best sectors in the s p were all negative in
Beginning. Fox business confirming the president set to unveil a plan for raising spending by 74 billion more in 2016 essentially rolling back spending cuts that have been automatic since 2013. White house claims closing inefficient programs and tax loopholes will be enough to fill the gap. Yeah im sure. Republicans smell tax hike out there. Im joined by our very own charlie gasparino. We have tom sullivan and Shane Schneiderman from bay ridge financial. Thanks for joining us. What do you think about this, the president coming out of the gate spending . I love it. Only 74 billion right . Melissa almost nothing. In context of the trillions. Listen i think what it shows you have have a president , once again, kind of same narrative. He is recalcitrant, will not deal with the country moving to the right while he is still firmly on the left. There will not be in i compromise on your show while i was in davos told you met with eric cantor, former majority leader of the house. He said pointb
The woman that recorded his racial comments is defending him. V. Stiviano told abcs Barbara Walters sterling is not a racist and she is not sterlings mistress. She opened up about her relationship with the 80yearold, sterling. I am mr. Sterlings right arm man. I am everything. I am his confidant, his best friend. His silly rabbit. His what . His silly rabbit. His silly rabbit . Is that what he calls you . No, thats what i call myself. I see. I joke around, i make him laugh. I do things that some people find very silly. Right now, sterlings l. A. Clippers are just hours away from a crucial game seven playoff game against the golden state warriors. Lets go to ted rowlands who is in los angeles outside the staples center. Ted, stiviano says she talked to sterling after the scandal broke. What is she saying . Reporter she says that hes confused and that hes hurt basically. Barbara walters asked her what Donald Sterling was going through, because we havent heard from Donald Sterling. And on