Some kind of issue about his time on the course . I think its the press that has an issue with his time on the course. The president s extremely proud of the accomplishments we had during 2017. I dont think anyone can argue its one of the most successful first years in office, passed major legislation, reworked this court system, and it got a Supreme Court justice nominated and approved and on the bench in the first year, a booming economy, Massive Gains against the war on isis, i think weve had an extremely successful 2017 and some of thats due to the Relationship Building he was able to do there. Well take one last question. Reporter is there a reason for no read out or confirmation . We provide information when its pertinent to the day and well continue to do that. Go ahead. Reporter earlier the president tweeted about tax reform saying companies are giving big bonuses to their workers because of the tax cut bill, really great. Will the employees of the president s own companies be
Last three years. An intriguing session in shanghai. The composite staging a huge comeback after a volatile trading session. Hong kong shares in the red. We have Ralph Acampora. European banks taking a hit as the future of greece and the euro zone hangs in the balance and well look at the true cost of a greek bailout. Meanwhile, gopro unveiled its smallest camera ever. The stock is not getting a lift on that news. Well hear what Ceo Nick Woodman has to say. You can carry all these things around. You put your phone up here too . No i dont. Crude oil in a tailspin. Jackie deangelis live at the nymex. Good afternoon. We saw oil shed 4. 40 to finish the session at 52. 53 selling pressure intensifying as we got towards the close. You mentioned demand. The situation in greece pushing us over the edge. Here in the United States gasoline demands falls off after the fourth of july weekend. You have the perfect storm to go lower today. We are also watching Nuclear Talks with iran. We know from s
Disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, theres so much to discuss i couldnt think of a better day to have you. Welcome back. Nice to see you i know people think of you as this energy guru and oil trader, but what is your broad view on where we are theres so much going on today alone to discuss where do you see the markets right now . Simply at some point when if the ecb pulls back, japan pulls back and all these countries pull back from printing money and the fed has made it obvious what theyre doing, theres going to come a time where the markets just may not go down that much but theyre not going to go up what happens when we enter a period of time when the markets stagnate two to three years where the overall performance is flat . What happens then to all the Pension Funds and municipalities that have all these on ligations that rely on 7 . You cant tell me over the next ten years theres not
Into the market. And there he was. The man known as the god father says the market is setting the stage for a vigorous rally. Ralph acampora will explain why. Goldman sachs has been the big winner since the election. The banks ties to what is being described as one of the largest financial flaws in history could be a red flag for investors. We have details on the important story coming up. And a survey says economists are skeptical of president elect trumps growth plan. Billionaire carl icahn appeared on Halftime Report earlier today. Hope you saw that great interview. He is concerned that the money going into the market right now is coming from people who just dont study the market. There is a lack of stock for sale. Yet on the buy side from what i consider a lot of investors that really dont study the market. They are giving it to people, giving it to a buyer of etf. They tell you the goal is to buy through a black box. There is nobody deciding is this a good stock. Can you decide if
President s policies have not happened yet. Doc, ill throw it to you. Is there what art cashin calls a celebratory overload in the market . There could be, judge. There is no doubt that weve come very far very quickly. However i think its got a lot more gas in the tank. I agree with professor shiller. He believes that we could have a substantial move higher from here. Crediting the president and saying in comments today that he saw upside, considerable upside from here. Maximum optimism. A number of new highs. Go down the list today, 52week highs. Tiffany, conag. Going in alphabetical order. Two pages worth of stock s s p today hitting 52week highs. Thats not a bad thing. Im not saying it is. At some point you question whether the air has gotten a little sthin. I dont know. I think that the reason the market are going up are a couple of reasons. Certainly trump growth excitement is in this, it is in the marth to some dee agree. But i also think its because the global economies are Gett