Ed, welcome back. Thank you very much youve been bullish for a while and now youre acting on it why was now the time i had concerns that the market would have some concerns about the pandemic, that we did obviously see somes increase in the outbreaks down in the sunbelt, but the market the tenyear has been below 1 you know, there is no alternative, probably never been more relevant than it has been since the fed adopted what i call qeforever on march 23rd. You have what you call a meltup in the market, but you say as you have more of this melt up, you increase the risk of a meltdown. How does that factor into your broader view well, you know, its one thing to be bullish, but at the same time you have to be aware of where the down side risks are. To the extent that the market has a melt up, it puts more air between stock prices and earnings in other words, the valuation multiple has been on fire. We had a p. E. Led meltup from 4. 9 on a forward p. E. Basis on march 23rd now were over 22
The United States have. Mposed extra sanctions we will be discussing the possibility of further sections on some of the Syrian Military figures and on some of the Russian Military figures who ine been involved coordinating the Syrian Military efforts. Johnson has canceled a planned trip to moscow over the conflict. It russians call the decision to cancel absurd. Egypt, the president is ramping up the fight against terrorism after deadly bombings at two christian churches. ,t least 43 people were killed the Islamic State claimed responsibility. A threemonth state of emergency in a new antiterror unit with sweeping powers. Global news 24 hours a day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg world headquarters, im vonnie quinn. Max im joe weisenthal. U. S. Stocks are trying to hang onto small gains. Joe the question is, whatd you miss . Vonnie investors looking for forward guidance. Livell take the remarks from the university of
Prison for funneling yemenis into iraq. They may have attended terror training camp. Fox news confirmed both were on the nofly list. Homeland security chairman Michael Mccaul claims the nature of the attack suggests it was backed by al qaeda in the arabian peninsula, the group based in yemen. Aqap is the force within al qaeda focused on external operations gaeps the wet and the United States the most committed to doing this. This would be one of the more real successes they had. If it turns out to be true. Lou well be going live to paris in just moments for all of the latest developments. Also tonight, the list of highpowered politicians, and alist celebrities with ties to pedophile Jeffrey Epstein is growing. Some of the names may simply shock you. Epsteins influenced a president and prince and physicist and rock n roll legend. And it was a great day for investors. On wall street the Dow Jones Industrial average rallied again from the opening bell closing up more than 300 points on th
Caucus, and that is what i intend to do. Cory hes at his recent surgery on his face after an exercise accident left him with time to ponder and think about his future. The germanwings copilot to appear only crashed flight 9525 on purpose was suffering from an unspecified Mental Illness according to a person for late with the matter. Investigators found a note in the duesseldorf flat of Andreas Lubitz saying he was unfit to fly on the day the crash. The lawyers say the films of the victims will build a seek a limited amount of settlement because of the apparent suicide. Saudi arabia and sunni arab allies and shia rebels in yemen on the second day of airstrikes. Numerous strikes reported around the yemen capital in a nearby airbase. Rubble li iran is calling t rebel ally iran is calling for talks. When the right to sue google over the alleged misuse of privacy settings. They say they bypassed security. The Appeals Court rejected googles claim their was no cause to sue because the consume
Ukraine all coming in the wake of the battles in the streets and people are waiting to see what happens next. Antigovernment protestor are gathering in the streets. The banging of the pots and pans are showing the protests. Spent years shadowing entry level workers at Top Investment firms. What they thought was a safe environment and unleashed about a number of things. We begin with ukraine, where a major deal is struck to end the violence between the police and the antigovernment protestor that threatened to shatter the country and the question is will the deal hold. They are shouting shame when the Opposition Leader spoke out in favor of the pact. The crowd grew angry when a coffin was lifted to the stage, a reminder of how many consider killed and injured. The protestor want the president Viktor Yanukovich out of office now and alauded when a leader threatened an armed attack if not resigning by 10 00 on saturday morning and limiting the powers of the constitution and establishing a