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Good thursday morning. Business insider ceo henry blodget. Good to see you. Great to be here. A rally on our hands. The dow and the s p wiping out their losses for september. The industrials are leading the s p. Once again, henry, were at a stage where the fed acts, people who doubted their resolve get faked out, and a rush to buy again. Great to see a successful ipo. Always more fun when stocks are going up. I think from a high level as weve talked about in the last couple years, valuations are high. At some point if the economy keeps doing what its doing, chugging along, inflation keeps coming up, that will raise rates more aggressively. I dont think the outlook is great from here for a long time, but its in terms of equity valuation. I think so. Unless you think something has fundamentally changed with the Rate Companies can increase profits, which ultimately drive the market, over the next ten years, valuations are such well h ....
Over there. The president not backing down on his trade fight with mexico now amid tensions that are still high with china. Those two were linked by the Federal Reserve. The chairman, Jerome Powell saying the central back is prepared to protect the economy if things get worse on the trade front. If things slow down, the markets pounced on that as a sign that the fed has the president s back and has our back just in case things slide. The do you up 511 points. The nasdaq, which had entered a correction territory, down about 10 or a little more from the highs coming back today. We have got a lot going on here. We have Fox Team Coverage with john roberts in london where the president is not letting mexico off the hook. We have susan li on a fed chief that doesnt want to be on the hook. We begin with john. Hi, john. Good ....
Charles, good afternoon to you. The watch dog Group Public Citizen filed the first lawsuit against the Emergency Declaration in District Court in d. C. And now following on that, california leading 16 states in challenging this. This case is filed in the ninth Circuit Court of appeals jurisdiction in california. The ninth Circuit Court of appeals rarely friendly to the president. He did get a good ruling just the other week. Heres the California Attorney general on why they filed the suit. Listen here. In every respect, the facts prove that donald trump is acting outside the law in declaring an emergency, but hes also acting outside the law ....
Neil all right. The political game on. Welcome. Im neil cavuto. This is your world. Were going to talk to yet another fund raiser supporting the president. Doesnt quiet know what to make of the boycott threat. That in just a moment. First, blake burman at the white house on where things stand right now on all of the above. Hi, blake. Hi, neil. Two fund raisers in the hamptons for President Trump. One of them gaining extra attention. The focus there was on stephen roth known in miami as the owner of the Miami Dolphins and in ann arbor michigan, the alum donated hundreds of millions. He heads one of the group that owner some of the biggest mildings in americas largest cities. His portfolio includes investments in the luxury workout chain, equinox and soul cycle. Some customers and antitrump activists are calling for a boycott of those workout spots because he held this fund ra ....