They were too high in 1999. 33 times to 15 businesses have grown now you are at a pretty good level. Is ron baron right . Lets get straight into the conversation. And bob pisani here on the floor. We want you to weigh in. Do you think stocks will continue to climb . Go to cnbc. Com vote and weigh in. What is your take . I absolutely do. I think we are in the middle of a secular bull market. I have known ron baron for almost 30 years. He is one of the most asitute players. He had a v bottom as much as i believe boughtps are processes as opposed to points in time. Stock market did bottom out. We had technical and fundamental confirmations of the rally. Advance climb line. Seasonal and structural reasons to think the market goes up from here. Just as a question of math to double over five years is only about 8 or 9 compound interest. He is talking about a decade. You are right. Doubling over. 12 to 15 . About a 7 increase every year. That is a historic norm. Typically what the s p would g
The beautiful business of beauty. The ceo who wants everyone to buy her cosmetics and she wont be going through the big retail chains. Welcome to Market Makers. My partner Erik Schatzker is on assignment in boston. We will be hearing from him a little later in the hour. Meantime, mario draghi says he has a few mores over bullets to fire. The ecb chief says he will keep buying assets for at least two more years as the euro zone stumbles back from the recession. Lets bring in Jonathan Ferro in london. What did you learn from the News Conference today . We learned when this new abs Asset Purchase Program would start. They will start buying bonds in the middle of this month. The Fourth Quarter of the bigig question was, you want to get your Balance Sheet up by one trillion euros. I dont think it is clear how he wants to plan to do that still. He deemphasized the target of doing that. If i could sum up the press conference in a line it would be , we have already decided a massive amount of
Our findings and recommendations go to the current challenges. We found aljs decided fully in federal appellate in over half of the cases and part a hospital stays were most likely to receive favorable decisions. Several factors led aljs recent decisions in the fire level. One is that some medicare policies are unclear. This leads to more favorable decisions for a balance and to more variation among adjudicators. In fact, there is wide variation among aljs. The rate of favorable decisions ranged from 1885 . We also found improvements were needed with aljs moving to electronic files and seem is increasing its participation at hearings. Enclosing in closing, strong oversight and effective appeals assistance our critical for medicare to work well. Cms policies, the rac and the appeal systems must fulfill their important purposes. If they do not beneficiaries, taxpayers and the Medicare Program suffer. Oig is can is continuing to improve medicare. Thank you for your interest and for the op
Mentioning the clarification on venezuela. I, too, was noticing this week the comments that dialogue cannot be what was the comment dialogue should not just be dialogue for dialogues sake. It has to be dialogue with an end point of action. And those are the actions that we both want to see. So i certainly agree with you on that. Not just dialogue for dialogues sake. Otherwise running out the clock. Exactly. No resolution. We have 0 hold them accountable. To demonstrate our disapproval. And on cuban independence day,let me say we also agree that we look forward to a day when the cuban people can make their own decisions about their own future. Amen. Thank you so much. Thank you to all of you. Mr. Connally is recognized. Thank you, madam chairman. Let me ask assistant secretary jacobson and i understand in advance diplomatly what your answer is likely to be but there have been people who looked at northern mexico, and have felt, frankly, it falls within the rubric of a failed state. How
Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed