thing in december, and how did it react? it wasn t a great december but we bounced up 20% in the first few months of this year. i think the concern might be its been too good of year there might be profit taking. neil: but could i ask you guys something the mueller stuff is a wildcard i grant you and it s way way too early to say this but if it when they say no more indictments and this certainly doesn t expand, be it what some had thought, would that be a positive for the markets whether they re right or left, republican or democrat that it certainly doesn t head toward a constitutional crisis what do you think? it seems like we re heading in that direction. we ve seen information that has come out that has been on par with or not worse than what we are expected to hear, and to be quite honest, i mean, let s think about it this mueller report came out on friday at 5 p.m., you know, if there was a walk of the president it would of come out on monday at 9:00
washington just threatens to actually impose tariffs again without giving china the opportunity to retaliate and that s obviously one thing that china does not really agree on but the main reason why we saw those losses this probably also that we had some weaker economic news from construction spending and then also the news flow is rather thin and it s not unusual that when there aren t that many news out that investors on wall street take some profits we shouldn t forget generally and february was the strongest start into new year since one thousand nine hundred ninety one so we basically just saw some profit taking so everyone they re looking for some good news yes quarter there for us in new york thank you yes. the geneva motor show kicks off tuesday in the swiss city manufacturers from across the world have arrived to talk about their new concepts for the future from autonomous
yesterday. and they re finding it very difficult to explain that. but explaining the swing this way, it really is all about profit taking. only consistency has been volatility. while i m speaking to you, it s now gone below, more than 500 points down. i know you ll continue to watch it. alison kosik, thanks. still ahead, president trump and the first lady are back in d.c. after their surprise visit to troops in iraq. the president made misleading statements about military pay raises. false statements. we ll discuss next. gentle means everything,
outlook? i don t know. everyone is also on vacation right now. i don t think that there is really a consensus. it is not likely that they will be a recession. forecasters are often they don t have a good track record of calling these things. so i don t know what that consensus is worth actually. i think you see it in the market action. a lack of certainty as to the direction of where things are going. i think until the shutdown ends, we can expect continued volatility. leland: so often you hear explanations at the end of the year, profit-taking, loss taking for tax purposes. it is that mutual funds rebalancing. all of these explanations, is there any way to know if it is those things, which don t go to fundamental economic value, or actually a fundamental difference in economic value of how the markets are looking at these huge companies? and it s clear i think that the market has gotten a bit ahead of itself, especially some
what is out in that content matters and you can t have murders taking place live. you can t have commentary about the election and news that is actually fake news. they needed to be much more diligent. i don t know what happens with mark zuckerberg in terms of him running the company. he is the founder and voting control and won t give up easily. we need to see fundamental change. they are very much a media company and people recognize that. as far as the losses you mentioned, $800 billion since august? we need to keep in context. look at the prior three years. these stocks are up huge. so they ran up to levels that people thought were unsustainable and one of the reasons you saw so much profit taking. sandra: the president tweeting this on oil this morning. we ve been watching that sell off there. oil prices getting lower writes the president. great like a big tax cut for america and the world. enjoy, $54. was just $82. thank you to saudi arabia but let s go lower. this is translati