A new report predicts the superrich will keep heading to london, voting to leave the European Union. 13 million or more living in london, rising 30 in the next decade. The report says new york city for thethe top spot altra risk. 127al news in over countries. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Scarlet live, im scarlet fu. Joe i am joe weisenthal. Scarlet u. S. Stocks are adding to record highs despite a lack of details from President Trumps speech last night. Joe the question is what did you miss . Scarlet the dow more than 300 20 1000ross milestone. The s p 500 reaching 400. Light on details. President trumpss time speech to Congress Failing the of a treasure investment. A policy prescription. A nobel prizewinning economist sits down with us exclusively for a halfhour. Joe lets look at where the. Ajor averages stands this is the best rally for major averages. Well more than 1 as you can see, a string of new record
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua
[inaudible conversations] good afternoon. Welcome to the Washington Institute. I am robbed that last comment there and im delighted to welcome you to this special event. Before you begin, if i can ask everyone to take your iphones or sam sans or whatever and turn them on island because we are broadcasting live on cspan 1. Please watch your language, speaking clear tones of people around the world can hear us today. You are free to to eat as much as you like because we are eager to get the message of todays discussion out far and wide. It is not often that one can time the publication of the new book so precociously to an International Event or perhaps i should say its not often one can arrange an International Referendum in a faraway country to be time perfectly with the publication of a new book. But as it turns out, we have today this confluence of events. We have the referendum and hurt you in turkey that although the results and process where provocative and remain controversial, i
Its nice to see you again. Good to be here. Lets get your view on the markets, weve had some Great Investors on this week who i say were decidedly cautious or negative on the market. Where do you stand . I think its tough to look at it as the market, and i think if thats the way youre looking at it, its hard to disagree with that. But the market has really divided into two groups. And those that are really in sync with the lower for longer philosophy that everybody has bought into, and you cant find a single one of those thats cheap, in fact, theyre at dizzying heights. And then those that are out of sync with the lower for longer Companies Like financial services, energy, basic materials, bthat are selling fo attractive valuations. Lower for longer plays like the yutilities and things the yield plays have gotten out of sync, too expensive . Its not only the utilities, its any stable low volatility, Free Cash Flowing stock, consumer staples, real estate. It includes some health care, s
Inventories are on the way. Our road map begins with the election six days away. Polls show pretty much a dead heat. Hundreds of economists including Prize Winners urging voters not to vote for trump in an open letter. Alibaba shares are on the rise this morning, the Worlds Largest retailer showing strength and cloud and in mobile. And big beat for time warner, company also raising full year forecast as it gets ready for that merger with at t. Call is wrapping up and well get you headlines on that. But first up, futures are moving lower a day after the s p extends its losing streak to six. Data from adp shows private sector added 147,000 jobs last month, that is below expectations. Meantime, the feds latest Interest Rate decision and policy statement 2 00 p. M. Eastern time. And of course six days until the election, jim, the past six days on all of the assets i just mentioned, is that all jitters ahead of tuesday . You know what, im going to say it is. I was talking with my friend sar