Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this
Lunch begins right now. And welcome. Im courtney reagan. Another day, another rally stocks are surging, the dow up nearly 200 points near the highs of the day all three of the major indices hitting record highs in what has been an unstoppable rally and tech leading the way again, the sector now up 4 alpha get, even mastercard and visa hitting alltime highs. And everything seems to be getting love, everything that you can think of buying is going up and lately even the most hated stocks on the street are feeling the love bob pisani has some of those names and an expractilanation f. Arising market can lift even the most hated this is called Short Covering where traders are short stocks are forced to cover their positions by buying back stocks. Either the price of the stock rises really quickly or the cost to borrow it might go up two heavily shorted names tesla and beyond meat have had really big rallies. Tesla up 20 , beyond meat up 43 . And that is likely triggering a short squeeze tha
Obviously you masterminded this incredible escape out of japan, worthy of a movie how did you do it . Well, i did myself. Obviously it was with the help of some people that i got to know but as you know, im not going to expose them and im not going to take any risk, these people who have really dared to give me help into how to leave japan without creating any trouble, which was the case. Tell me, youre stuck in a box for several hours, right, breathing through air holes . What is that like . Im not going to confirm or say anything i can tell you what its obviously you know, you have a lot of anxiety when you are in a period where you are transferring out of the country but you are not still out of reach. But when you go through an experience like mine, where ive been arrested in 19 of november, 2018, and been through very, very tough times with a lot of adventure, i would say, youre numb somehow your ability to feel the situation in which you are is diminished, because you protect you
And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
Thousands of people upside down. Welcome to the program one of the most powerful people in the white house is now out of a Job National Security adviser john bolton insists hell resign but u. S. President donald trump says he was fired because of disagreements over Foreign Policy when bolton was known as a whole coup wants the u. S. To take a hard line stance against countries like iran venezuela and north korea has more now from washington d. C. Youre going to do a fantastic job and i appreciate that there had been growing divisions between john bolton that his boss but the end was brutal even by the standards of this white house donald trump tweeting i informed john bolton last night that his services are no longer needed at the white house i disagreed strongly with many of his suggestions as did others in the administration. Therefore i asked for his resignation which was given to me this morning bolton tweeted not the usual thanks for being able to set but an insistence he quit rat