To david tepper today to told me the following when i asked him what he thought about stocks it was clear he was very positive telling me, explain to me where this market is rich its not rich with the tax thing that just changed earnings projections. With earnings forecasts going up and Interest Rates where they are, how is this market expensive, he said i dont see the overvaluation. World growth is higher, theres no inflation, the market coming into this year doesnt look rich in fact it looks almost as cheap as coming into last year he said the market cant go down until the bond market gets hit its amazing where Interest Rates are. Josh brown, what do you make of what david tepper told me . Well, i guess it depends on your definition of expensive so by the most popular measures, the market absolutely is expensive which is not a judgment on where it goes from here, because expensive can get much more expensive. But when you look at Something Like an adjusted p. E. Ratio, youre talking
For the roundtable discussion this morning we are joined by minnesota republican jason lewis, virginia democrat bobby scott to talk about the Bipartisan Legislation for the criminal Justice System, but before we get to that, with just days to go before the potential shutout coming your thoughts on how the next couple of days will play out . Guest theres the consent this we are not shutting the government found that wha down s under the bill is still getting worked out and i would hope that we could come to an agreement and funded for a year. I come from an area that is very strong in defense and virtually impossible. The shipbuilding for example exn a monthly basis you really need to be able to do longterm planning, so we are in a strong disadvantage in these monthly continuing resolutions. The guest i agree. We passed the appropriation bills in the house and senate and ended up getting back into the cr. On the defense especially i think we will get there but we wont shut the governmen
Low and mid40s around cupertino and santa clara. A little bit of fog in southern california. It is trying trying. Well, it is june, so it is trying to work its way up the coast and it runs into an off shore breeze somewhere around morro bay and then disintegrates. 30s, 40s, 50s to almost 60 degrees. Big spreads on the temps. Any way you look at it, High Pressure will give us a warm day. Last rain was january 25th. Were 15 days of dry weather. Eventually that will reach 20. Some hints around the 20th. More on that coming up later. Highs today all in the 70s. Here is sal. 7 01. What do you have . We have a problem in San Francisco where a crash is blocking two lanes on southbound 101 right after the cesar chavez exit. Traffic is stacking up. Before too long, this will affect the bay bridge commute from San Francisco. I think it already is doing that. You can look at the traffic here and the traffic here that is not moving along well on westbound 80 driving out towards the metering lights
Mayor issue which was going on earlier today. It shifted halfway through the meeting with just as many people feeling that changing the charter as it stands is even an option. Some feel that london breed is being pushed out because she is a woman and a woman of color. Reverend brown spoke out against the idea of bringing in a caretaker bringing at the death of this former mayor. Madam Diane Feinstein was president of this board and there was no debate, she immediately rose to the position of mayor until the election was held and the people spoke. That is democracy. I think the power of incumbency is a strong one and it is well documented and i would love to see a fair race. Reporter the word fairness as you heard there is something that has come up often today in Public Comment on both sides with many arguing the same point saying it is only fair that we continue as the charter as it stands to keep acting mayor london breed as the mayor. Others say a separation of power would level the
Young women and a 5yearold boy. Horrific africa accident was captured by cameras at the lucky 37 restaurant. A car plows into a crosswalk and strikes to to york two young women. The lights flash right before me and then i remember the car hitting me. And then i remember i was the first one to wake up. Reporter Carla Mendoza says she saw her cousin jackie and her 5yearold brother laying on the ground. Both unconscious. And i thought they didnt make it. It was pretty horrible. Reporter they had just gotten off a bus to go home after taking a tricked a trip to the supermarket. They were about halfway through the crosswalk when they saw a gray car approaching. It was pretty far. To the point that we you would see us and they would stop. Reporter the 18yearold has a broken pelvis and multiple bruises. Karls little brother jonathan remains in a hospital. He suffers from a spinal cord injury and is paralyzed. Mom tells me he may be in the hospital up to a year. Unknown if he will be able to w