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the key to this, neil, looking at this in a sector by sector basis. there s some elements that are doing well. you see slow down in retail earnings. look at the manufacturing data. we know the levels we lost in 2016. tech, we are seeing regulation issues. earnings, the upticks in the fundamental business nos, still seeing a lot of growth with innovation leading the way. neil: thanks very much. the dow barely budging. the nasdaq in correction territory. the queen holding a state dinner for the president of the united states. the third time she s done this for george bush. she did this for right now barack obama, now donald trump. she s met presidents going back to eisenhower. it s not just easy. it s having-a-walrus-in-goal easy! roooaaaar! it s a walrus! ridiculous! yes! nice save, big guy!
why go? what did either side get out of it? any of them? donald trump gets a great photo op with all the major leaders of tech who opposed him for the most part, were pretty much hillary clinton supporters and have said various things. each of the people in the room had said something publicly about him. he gets them in there, looks like he s pushing for jobs, looks like he s pushing for them to keep manufacturing in the united states even though most of them make things outside of the country. for them, they have to play nice with a new administration. they thought it was going it be a different administration. this case, they got a lot of major issues, regulation issues, encryption issues, immigration issues. they feel like they have to be at the table even though it s not the table they wanted to be at the first place. they showed up. he criticized the industry relentlessly during the campaign. listen to what he said at the outset of today s meeting. here it is. i want to add
immigrants built silicon valley. the question is can they stick with their values, alleged values and the same time cooperate with some things that might rub them the wrong way? we ll see if they have the guts to do that. i wonder if they re worried about twitter ceo, jack dorsey, he wasn t invited today because apparently trump s people were angry at dorsey, he allegedly rejected an ad with a custom emoji of his #crookedhillary. they were concerned about not being invited and what are your sources telling you about the story, is it true? i don t know if the story is exactly true. look, this is a group of people who have done things like this before. it could be true. they talked about there wasn t room at the table and twitter wasn t big which is kind of ridiculous. twitter is a gift from god to donald trump in this election and he s a tweet savant, like i ve never seen anyone use twitter so effectively. so i think that s just i think there s probably a lot of bad blood between
confidence here because even though donald trump says he s stepping away from his businesses and letting his sons run the businesses, he understands what all of their investments and entanglements are. we don t because he hasn t released his tax returns, by the way, so we don t know where his loans are out and so on. and so this creates a real concern. you said earlier earlier that, you know, you asked whether this is the new camelot. i think the fear is that this will be grab a lot and that the # businesses will be a central part of the decision-making in the government so this is unchartered territory. yeah. and at the same time, david, that we learned that donald jr. helped vet the interview candidates for the interior secretary position and the nominee, congressman ryan zinke of montana, represents a conservationist hunting club, it s called the boone and crockett club of which don jr. is a member. we also learned eric trump was