from one of those farmers for president biden. i feel like he has a banded us. he has no care for the people of this area and we are extremely disappointed in him and i think he should be ashamed of himself. maria: coming up, more from texas rancher on why he can no longer leave his home without carrying his gun. and then texas governor greg abbott on fighting back and what his administration is doing about the federal vaccine mandate and biden s open border policy. plus, trading on joe biden s name and position, conflict seemed to be never ending as joe biden shared a bank account with his son hunter as hunter rolls in the cash from foreign governments while joe was vice vice president. at no wonder joe is feeling rich these days. i m a capitalist, but guess what, i make big money now. on the president.
failure with regard to chinese neil: what worries me, the possibility of unintended consequences here. you touched on it. our markets have held up. they re doing very well. the chinese market, well into bear market territory. back to early 2016 lows. hence the president s argument that they need us more than we need them, but they don t appear to be budging. where is this going? i hope neil: john first. i hope this is a negotiation and these things go away. this administration has had these bellicose statements come out and they backed off. that s been the history. that s what the market is hoping. when you look at the economy, our economy is doing great. that s what you wish the market was trading on. the gdp numbers are growing to be huge. the big reason is because you re getting the goods shipped before the tariffs go. so you ll see that come off in
digit drop on the dow. the market doesn t know how to handle possible military action in syria. it doesn t know what the consequences are so it s that uncertainty and that fear that is what investors will be trading on. this is a market that s going to be moving on every news headline that crosses today and depending on what that headline is, you ll see action immediately unfold here at the new york stock exchange. the dow already down 190 points. we re also keeping an eye on oil prices which are spiking a bit, up about .5%. this is sort of escalating that rise in oil prices because that is a rich oil producing region of the world. john? the dow down 200 points at the open reacting to the president s remarks about
say it s not a bubble. valuations are expensive in the market. no denying that. interest races are low so you tend to see valuations expand during low interest rate environments so you have that, but earnings have been growing. the market is up 10% this year. but the earnings multiple of the s&p 500, what people will pay for earnings, has been unchanged this year. so, earnings have been growing by double-digit rate this year so we haven t really been seeing valuations contract or get more reasonable but they haven t been expanding. the reason we re all here today talking about the 22,000 is because of apple. apple s the largest stock in the united states. publicly traded company in the world. and when you look at that stock s valuation, it trades at a below market multiple, so you look back to 2000 when the tech stocks were all trading on, you know, on valuations of eyeballs and besides earnings because they had no earnings. it s a much different environment now. and we re seeing bro
these are just allegations. we don t know if anyone has done anything wrong but if the fbi is looking into it, there has to be some smoke somewhere. in the break andy said might have just let it slip like this stock is about to go wild so invest in it. maybe phil mickelson it s as simple as that. there are so many stock tips traded on a golf course. i bet half of them don t pan out. i guess that s what investigators have to find out. did they know there was something that no one else knew that they were trading on. that s when it becomes insider information and not just a stock tip. christine romans, andy, many thanks to both of you. still to come in the newsroom, this morning beowe bergdahl is free after spending five years in taliban captivity. at what cost? becky anderson has more on the firestorm surrounding this weekend s controversial prisoner exchange.