They used to force companies to buy stock. Now its prohibited. Earlier in the week when we did 300 i messaged you and said, this is definitely it. We have to call the top here, definitely. This has got to be it. They keep going. Another 142. Hope springs eternal. 19756. What is interesting is that, you know, things havent even been done. So we dont know whether deregulation and cutting taxes and progrowth supplies, we dont know whether they are going to put them in. But there was a question recently about whether those things even work. So now were seeing this, we dont know if they are going to do it, but just the possibility we might do them is worth 2,000 points on the dow. And dont you think every single cabinet member he names leads you to the conclusion that it is going to happen. Its got to be the most probusiness cabinet since ronald reagan. I had a great talk with al gore. It was interesting, it was nice, we got along really well. And he picks the Oklahoma Attorney and its been
Hitting multiyear highs this morning. Roadmap begins with Billionaire Hedge Fund manager david tepper not pulling any punches. What hes betting on, plus his take on trump, apple, snap and a lot more. A blowout jobs number from adp shows that businesses are booming. Were going to dig in on the report. And an oped this morning claiming the president is suffering from trade Deficit Disorder. The street is weighing in. Well get the debate on trumps trade plan. Some upbeat news ahead of fridays big jobs number. Data out of adp shows private sector added 298,000 jobs in february. That is the most since december of 2015. And then on squawk appaloosas david tepper offered his take on the markets. China, europe, japan, and us, are growing. The day that we had three republican houses, that was the day the president of two houses, that was a day there wasnt going to be another regulation put on the economy. And that alone just releases animal spirits. Nothing else happens, that releases animal sp
It is election day in the u. S. 226 million americans cast their ballots in one of the most among jewish u. S. President ial elections in recent history. One of the most tumultuous u. S. President ial elections in recent history. Hillary clinton held a narrow lead in most preelection polls. Her campaign has and armed by federal probes into her handling of classified emails, questions about her familys foundation, and public doubts over her trustworthiness. Republican real estate magnate and reality tv star donald trump, defeated 16 primary opponents and promises to drain the swamp of washington corruption. He has faced criticism for his treatment of women and denunciations of immigrants. We bring you the analysis you need on this historic day. I am joined by bloombergs politics and economics editor, Michael Mckee. In london, we are joined by Alexander Friedman for the first half of the program. Alex, good to have you on the program. First, lets get to the bloomberg first world news. Th
Lower by 51 points. S p by 5, nasdaq giving up 14. Weighing on the dow, of course, is disney. Overnight in asia, the nikkei is managing to turn a little higher at the moment. The shanghai composite a little in the green. European equities, this one interesting to watch. A couple crosscurrents to watch. German dax down 1 . Frances cac, down almost 1 . And taking a look at crude, too. We got inventory numbers yesterday. After noon, well get more information this morning. Wti, that looks down its almost 1 . Hovering a little bit over the 44 a barrel mark. Brent for its part giving up about 0. 5 . Right around 45. A little higher as well, natural gas. Clerks our top stories, shares of dow component disney under pressure. Earnings falling short among the espn subscriptions fell and ad revenue dropped. Ceo bob iger discovering cordcutting answer the future of viewership on the conference call. Were also in discussions with a number of entities, some current distributors that are coming forwa
Exchange. Paul dietrich is with us today. Hes at post 9, along with Steven Sarge Gill four, and Rick Santelli is stick looking for buyers of tenyears notes. Sarge, here we are, alltime highs for the dow and s p, some other averages not the case. Whats your assessment of this . They buy treasuries, they buy stocks. For several days, they buy stocks. In you think the market is going to come in, you dont. People are talking about buying bonds for the capital gains. What are you advising people when it comes to maybe they still have hesitations . You know, youre looking at the tenyear yield at practically nothing, and what were seeing is moving into the stock market. Im recommending even with the stock market at historic highs, there are still a lot of bargains in this market. I mean, if youre a value investor, as we are at fairfax global markets, where we look for low pes, high returns on equity, there are still a lot of bargains in this market. Like what . Apple, for example, is selling