Thats why youre here. Cant find anyone. We have one guy left. Simeon. Is he bullish . He will be on. Already talked to him. One of the things hes saying is even if if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. I think so, too. In terms of tax policy or that stuff is a bonus. Just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. When you take that off, its going to come back to a more normal level. Im with you. I think i know you are. The multiples are getting a little stretched, but Interest Rates, you know, stock prices are a function of earnings and Interest Rates. Interest rates are historically low still at 2. 5 roughly. Youre the one who coined t. I. N. A. I have. There is no alternative. And we have other things to talk about which in particular with the Trump Administration, were not talking about financial repression, monetary policy, were also
Europes pretty mix. Tenyear above 2. 5 and inflation finally returns to japan, 0. 1 on their cpi. Roadmap begins with a pause in the rally. A cnbc exclusive with wilbur ross on how trade changes in a trump white house. And snap day two, the stock soars in its debut and now news that Nbc Universal, our Parent Company, making a strategic investment in the company. And a dramatic scene at caterpillar headquarters, offices raided by federal agents. The latest on that. Stocks looking to bounce back from biggest oneday decline since january, but s p and nasdaq each on track for a sixth consecutive weekly gain. Dows on pace for its fourth positive week in a row. Earlier on squawk this morning the new commerce secretary wilbur ross commented on the postelection market rally. I think the markets have given a pretty clear endorsement of optimism coming from the new administration. I dont think theres any doubt about that whatsoever. And in fact Election Night we were with carl icahn and some oth
We will have more details. Everybody seems to be cutting prices. Wireless carriers, online brokerages, but costco is going the other direction and raising its membership fee. Investors not exactly happy about that. Stock is down 4 right now. We have both signs of whether todays drop is a buying opportunity for investors. Thats all coming up here. And making work cool again. Mike row, the former host of dirty jobs testified to congress about the importance of blue collar ones. He will join us live to discuss closing that gap. I always liked mike. Very nice man. Start with our interview with wilbur ross on squawk. Hope you saw it. Kayla tausche has highlights for us. It was a wideranging conversation, but much of it focused on trade because secretary ross said that the president has trade top of mind for what ross will be doing over the next four years. Getting rid of both tariff and what he calls nontariff barriers to trade. They sort of took a trip around the globe and explored the cas
People to focus on stocks, not policy. I found the change truly refreshing, even if today was a pretty blah session, dow inching up three points, s p spansing 0. 05 , nasdaq rising 0. 16 . N next week, im sure well be looking for it to go right back into that trump prism as hes pledged to talk more about trade which is code for buy american. Well have to look out for anything that could scream trade war. Were also going to need to Pay Attention to the possibility of a rate hike this month, something i think well take as a given after we see the labor departments nonfarm payroll report next friday. I dont mean to jump the queue of the calendar here but friday is the most important day next week because believe it or not, we actually need to see a strong jobs number. Why . Because so many financials, the banks, the insurers, so many of them have rallied so hard in anticipation of a march rate hike that if we get the weak number that might discourage the fed from taking action, it could c
And i risk my own money to save struggling businesses. Were not going to wake up every morning wondering if we have a job. Were going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings going to change. Everything. But i do it to save jobs and i do it to make money. This. Lets go to work. Is the profit. In 1979, shortly after immigrating to the United States from mexico, Gilbert Martinez opened up Pacific Hospitality design, a commercial Furniture Manufacturing Company located just outside los angeles. Ana so far, so good. Thats good. Lemonis it was a true Family Business with gilberts daughter ana growing up on the shop floor. Ana this one here. Lemonis these days, she oversees design, while her father oversees production. And over the years, theyve built big accounts with Companies Like the coffee bean, mgm, and caesars entertainment. Ana weve got to make sure that we send quality stuff. Theyre unhappy because we didnt catch it. Lemonis