The omega Family Office. Nice to see you we just welcomed a conversation on stage. You just heard the Vice President who is on stage now describe the economy as booming, the stock market as near record high the fed cut Interest Rates yesterday. All makes a lot of sense. The administration wants even more what do you how do you make sense of it . Look, japan has had negative Interest Rates for 3 1 2 years what has it done nothing. Europe has negative Interest Rates. Their economy is doing very poorly the Vice President cited a bunch of factors, in of which on my list, Consumer Confidence is up, retail sales Strong Economy growing at trend, corporate profits are decent Corporate America if they were pessimistic, they wouldnt be buying back all the stock theyre buying rates are already low. I pity the poor guy or girl thats worked their entire lifetime when they go to their Financial Planner and ask for advice about retirement. How can they afford to retire . Theres no income. Good luck b
South african politics members of the governing anc begin to vote on a new leader who will likely become president in next years election. A very positive morning across europe so far when we look at equity training. The stocks at 600 up nearly 1 right now a lot of green across the board. Lets take a look at the specific markets action across the continent. The foots see up 1. 5 . The cac ka rant in paris up and lets take a look at the specific sectors that are driving that positive movement this morning we can see from across the entire country the sectors, lets take a look at the numbers as they come through coming very shortly. Waiting for that foots see action there very slightlyup more than half a percent. Lets talk about whats going on in the United States so talking of taxes, President Trump has defended the 1. 5 trillion expected in cuts that could stem from the new tax reform bill. He said the economy, meanwhile, is going to, quote, start to rock the bill will create jobs and
Good wednesday morning. Welcome to squawk alley. Jon fortt, sara eisen and me at post 9. Markets once again chasing some record highs, eight straight gains now for the dow, which, of course, hit a record intraday high earlier this morning. Thats a 13 jump for the industrials since the election. Joining us this morning, paul christopher, head of Global Market strategy at wells fargo investment institute. Paul, its good to have you today. Thank you. As the debate goes on about how much of this is fundamentals versus political expectations. You think its the economy at work here, dont you . Yeah, we do. We have a lot of clients, though, investors who think that, well, gee, if this is really all just about policy, then this rally is riding on thin air. We dont think thats necessarily the case. The economy started to improve long before the elections, just started getting noticed on november 9th. We got the s p now above the average yearend strategist target of 2,364, or just about there, b
Republican. We will take you to the campaign trail shortly. First, the investigations. They have the federal governments two main law ens forment agencies, the fbi and the Justice Department, essentially at each others throats. Good evening. Reporter the wall street journal reports a secret audio recording with an informant let to a battle between the fbi and the Justice Department. We are learning about the frustration of fbi agents and why the case is not dead. Revelations from wikileaks of special access for Clinton Foundation donors are strengthening pay to play allegations. The renewed classified email case and Clinton Foundation with agents working the investigation. Arguments over the strength of the evidence drove a went between the fbi agents and Justice Department that blocked access to tools such as the grand jury. The issue came to a head last summer after the fbi director announced he would not recommend criminal charges for the mishandling of classified information. At th
Republican. We will take you to the campaign trail shortly. First, the investigations. They have the federal governments two main law ens forment agencies, the fbi and the Justice Department, essentially at each others throats. Good evening. Reporter the wall street journal reports a secret audio recording with an informant let to a battle between the fbi and the Justice Department. We are learning about the frustration of fbi agents and why the case is not dead. Revelations from wikileaks of special access for Clinton Foundation donors are strengthening pay to play allegations. The renewed classified email case and Clinton Foundation with agents working the investigation. Arguments over the strength of the evidence drove a went between the fbi agents and Justice Department that blocked access to tools such as the grand jury. The issue came to a head last summer after the fbi director announced he would not recommend criminal charges for the mishandling of classified information. At th