The dow, 20,792. Our Leslie Picard starts us off with the comments that have wall street talking. What did jeffrey oven have to say . Two words to describe the markets. They are bad stuff. He was speaking at a reuters event on activism and says he is disinvesting and sitting on 3 billion in cash. Ubben is focused on the risk of inflation. Everything about trump i think is inflationary. Its the last thing anybody is worried about. Interest rates are going up. There is no talk of fighting the fed at all. He did concede that tax reform would be positive. The devil is in the details. If there is a border tax, which is very inflationary. Trumps agenda has been a boom for his investments. He invested in Morgan Stanley and the stock has doubled since. He said he got super lucky because you didnt expect trump to win and all of the sudden, regulatory relief looks to be on the horizon. Rates are going up and volatility has returned. He still owns Morgan Stanley but sold some. He doesnt know how