Pete, our story, they say, we expect trumps tax changes to be b voted on by congress, boosting sentiment and growth in the u. S. And risk appetite. I think thats something a lot of us have been talking about for a while now and while youre waiting, if you look at volatility where it is trading now and you see how low it is and you have an opportunity to protect and ride the bull market, why wouldnt you . Theyve heard the pessimism, all the reasons why not to be in the market. If you look at this earnings season, when you look tat xaat companies and how well they performed, financials, they reported great numbers. Now, the performance has not been there and thats probably because the huge move post election. Doc, they say maybe the market got ahead of itself with this whole notion of reflation because of the president s agenda. But its going to pick up and pick up strong into the second half of the year. Theres not pessimism in the markets. There might be pessimism about other thick thi
And big bets against one of the most wellknown Tech Companies out all also all matter to you and your money and we hit it all as power lunch begins right now. Welcome to power lunch, im melissa lee. Lets look at the markets right now. Dow and nasdaq hitting alltime highs during the comey testimony. Take a look at the vxx right now. Take a look at that below 10, 9. 93. Financials leaving the markets today this on the back of the house vote of overhaul of doddfrank. Jp morgan, bank of america, Goldman Sachs among the top performers. And take a look at some of the names hitting alltime highs today, netflix, united health, fed ex, ebay. Thank you. Well, we begin where else with the Political Drama in washington, d. C. Aimen jaifrs like millions of others listening on every single word of the fascinating comey hearing and he joins us with reaction and an update. Thats right. There were a number of astonishing moments. Let me bring you two of those. One was when the former fbi director used
Thank you very much for the invitation to be here today with you, and thank you so much for arranging this nice weather in this place. Mr. President , im very glad that we had such a good meeting, and this is due to your strong leadership. And this is also due to our strong partnership. Obviously the fact that we celebrate 20 years of Strategic Partnership this year is important for both our nations, and it is important to know, and this is what i want to underline. That this partnership with the United States of america shaped romania as it is today. Romania, a solid democracy with the a solid, sustainable economic growth. Romania, which stands together with the u. S. Troops in afghanistan. We stand together in iraq. Mr. President , this partnership contributed greatly to what romania is today, and this partnership was and is very important. And i think this partnership not only has to continue, this partnership has to become stronger. This partnership has to define our bilateral rela
Claim aanother one. Guy you are welcome. It is daybreak. It is our flagship morning show from london. Regain there is breaking news, yesterday trillions across the month from equity and bond. Today, the guy has raised. Manus it raises its overall loss for 2016. But this great, global reflation trade, is it just as donald trump took the mark, or what is driving at . With fallinga prices and the question for markets is, we have had the Third Straight month of gains and advances in the ppi. You are looking at an 11th month high for the ppi. Export is it going to the relation to the rest of the world . Mining is up. It was nearly a percent last month. Could they be in hike mode . That is what some people are saying. We will transfer this. Stocks are trading and momentum is building. Take a look at the top of the screen. Up by more than. 5 . Another record. And call options on the s p 500 are hitting a record. 9000 contracts, that is what they have their hands on. This has only happened on
Economy. Thats certainly what the market believes. Theres no other way to explain this. Look, weve had sub par 3 gdp for ten straight years, a record for the united states. And the only thing that changed, weve had more of the same under mrs. Clinton if she was elected president and brought in her cabinet was donald trump started introducing a business Friendly Administration and business friendly cabinet, at least perceived that way by wall street. And theres historical precedence for this. Calv coolidge came in, took government out in the 1920s, thats what created the boom. Ronald reagan did the exact same thing. And president clinton, whos been given credit for probably mistakenly for creating the internet boom, he was lucky that happened. But what he wasnt lucky about was in 1996 he created Small Business fairness act, which greatly cut regulation. And that attributed more to president clintons boom than the internet did. So, yes, i think the market looks at this, looks at history