Breaking right now, stocks in rally mode, right . A little bit of a sigh of relief with this latest inflation read. The gdp number was such a shock. Er. Listen, this market still has a whole lot of unanswered questions, and still we dont know what the fed is going to do. Its hard for them to cut based on this week. Meanwhile, investors are cheering earnings from alphabet and microsoft, both pretty strong. But was the message if really about a. I. . Maybe the life span theres a lot longer than we thought. And President Biden trying to do his best Winston Churchill impression. Unfortunately, his aim is defight americas capitalism. Ill explain that and so much for more on making money. Charles all right, so my first guest says the reaction to the initial read on First Quarter gdp was a little overdone but points out that a higher rates are a risk to equities. I want to bring in chief investment officer, Founding Partner jack, ablin. Jack, i think the good news from this gdp, its because o
Now to the east bay. Where a massive mud slide plowed into a mans home. Nearly hitting him. He and his family have been forced out of their orinda house. Grant lodes has been tracking this story. Talk about a scary situation. Dan vittemberga and his family used to have a tranquil view of a lush green hillside. That changed. In seconds this morning. When the earth gave way behind his house. Slamming into his place on tassel way in orinda. The earth eventually stopped but not before breaching the rear wall of his office. Outside there is damage to his deck, furniture, hot tub and it doesnt stop there. Heres what it was like. The answer to that question will be worked out between vittimberga and the Property Owner up the hill. In the meantime Contra Costa County has red tagged his home. After moving in two years ago, he and his family have to find somewhere else to live, at least for now. In Sonoma County. The Russian River is flooding homes and causing various problems for drivers. Kron
Stocks the dow and s p are on pace for their best week since march. Were going to close out the month on tuesday. Were going to Start Talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. But at the same time we have groups that have come alive. This tech rally is very real. It is broad based. Its chips. Its software. Its high growth. Its cloud. The bank rally is in its infancy. As we get closer to a rate hike, which i think we will get given the fact that these fed heads of carpet bombed us with the two to three, that bank group can get stronger. Net interest margin will go higher. Its very undervalued and i think it works. So right now and im not saying im sanguine because if we get a really weak employment number thats bad. Because theyll tighten into a weak employment number, but i like it. Were not focused on china as much. Oils reached a level where we dont have to worry about banks g
Share, all crash. The deal is expected to close this calendar year. Jim, you just talked to andrew, becky and joe about this. Yeah. You know when you go back over the arc of linkedin, obviously going into the february quarter there was a belief that things were continuing to accelerate. You had 30 growth. You really felt like there was very, very little economic sensitivity. Then you got that incredible shortfall, going from 192 basically down to 9,800, and it was entirely because of the lighter guidance. The guidance, they use the term seasonality. Well, were not used to hearing seasonality with linkedin, 30 going down to 20 . There really wasnt any line item that was good. You saw deceleration in core hiring, you saw challenges in marketing solutions, you saw macro fx headwinds. We dont want to hear that. The last quarter reported at the end of april was quite good. And every one of those items went back up, and thats why the stock was able to recover. But they are getting microsoft
Salami slicing. Very small increments advancing interests by building up islands, adding another weapons system, making small moves, none of which is egregious enough tow cause the United States to use massive hard power but would we slowly tip the balance in chinas favor. We dont have a strategy to counter that. Deterre our hard power capability, the weapons you have described, this is a deterrent to world war iii, not to intelligent gradualism. We need a better policy. From florida, independent line, cliff for our guest robert daly, good morning. Good morning. Good conversation. Me e you have alreadystng to taken s steam out of a comment that i was going to make, but i will i make it anyway so we can reiterate. Im not probably going to be as friendly and optimistic as the answer has been given. Ussian im referring to the russian situation when they were doing their thing with georgia, uzbekistan and we were passive and we o watched and they watch how we react or no reaction. I, for o