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Time. We are getting out of here right on the nose at 11 40. Thank you for your leadership. Thank you for doing this and having me. Ill say this from the getgo. To both congressman. Thank you. Congressman timmins, congressman style, not only did you take speaker ryans plays but you are a former staffer. I dont think theres a more incredible fiscal hawk in the history of politics then probably, doctor tom who inspired this effort in your former boss and predecessor. We are just curious to hear your unique perspective. Not just as millennials but as millennial legislators, Congress Must timmins in your case, Small Business person similar business background. We will start with you congressman timmins. Give us opening remarks. We would like this to evolve into a discussion. While we have you all online. Youve all got so much in common with the members of this mission. This has be ....
Whether jay powell will cut Interest Rates further. And big earnings on deck, disney and wynn after the bell joining us courtney. Tell us how youve navigated the last 24 hours. You know, its been really, really interesting when you look at where the vix has been in august, were hitting 25 i think in july we ended around 12 that volatility is incredibly interesting. For someone like me thats looking to buy positions on the dip that i think are quality positions to buy and hold, it was a really good time in my opinion to do that interestingly enough on our desk at Loop Capital Markets we saw a tremendous amount of low, probably in the overnight markets, probably the most active weve seen all year. Buying or selling interestingly enough, buying. Some very balanced program bus we also saw a number of our fundamental clients buying in developed markets and a little bit of se ....
Triple digits, just shy of a record for itself. And were about a quarter of the way through earnings, with 74 of Companies Beating estimates, about 10 higher than the average for the quarter. So is this market about to experience earnings euphoria, guys yes, we have hi, dan hey. Hey thats an inside joke no, i think the market has been experiencing that as well. The vix traded almost below nine today. I think it got down to 903 and the good news is, i think that companies that have been doing well are being rewarded and companies that are not faring as well are being punished you see mmm down 5 today. The earnings we saw that were outstanding were, in fact, outstanding. Led in my opinion by mcdonalds. We talk about it being a 160 stock. It got within 2 cents of that today. Cart pillar continues to surprise me to the upside. Ive been a skeptic for some time but theres no denying when saying that most of these reports, three of fo ....