He said more than once which was and im quoting now everyone was in the loop and he said it more than once and hes talking about that what hes saying is that this wasnt some you know bunch of rogue actors who you know got engaged in something fishy he name names he said that this wasnt a back channel it was the channel it involved the president the Vice President the secretary of state the chief of staff the president s personal lawyer this was everybody from the top on down who were engaged in a coordinated corrupt scheme that we are learning more and more about so this was i think a devastating turn. For publicans for the president but a really positive development for people who want to know what went on in this corrupt scheme of things going here a lot more about it. He was a good witness. I think he was he was a witness that i think has credibility and thats always a good thing i watched the testimony you know i appreciate my my colleagues you know representation is that this this
London knows and what he observed and in my experience larry when i presented a case a criminal case which this is make no mistake its an accusation against the sitting president of crimes that have been committed. By having having a witness you know youre going to get good and bad but what you hope is that that particular witness has information and knowledge thats going to satisfy the elements you have to prove. How do you read it. I think we learned a lot from someones testimony i think one of the big takeaways is something that he said more than once which was and im quoting now everyone was in the loop and he said it more than once and hes talking about that what hes saying is that this wasnt some you know bunch of rogue actors who you know got engaged in something fishy he name names he said that this wasnt a back channel it was the channel it involved the president the Vice President the secretary of state the chief of staff the president s personal lawyer this was everybody fro
Wasnt some you know bunch of rogue actors who you know got engaged in something fishy he name names he said that this wasnt a back channel it was the channel it involved the president the Vice President the secretary of state the chief of staff the president s personal lawyer this was everybody from the top on down who were engaged in a coordinated corrupt scheme that we are learning more and more about so this was i think a devastating turn. For publicans for the president but a really positive development for people who want to know what went on in this corrupt scheme of things going here a lot more about it. He was a good witness. I think he was he was a witness that i think has credibility and thats always a good thing i watched the testimony you know i appreciate my my colleagues you know representation is that this this proved to be devastating to the president i dont think thats accurate i think lets look at the facts when you pressed him when when witnesses pressed him if you g
Im Brian Sullivan and power lunch begins right now. Welcome to power lunch. Im melissa lee. Stocks are Holding Steady right now, struggling to hold on to gains. The ruffle 2,000 hit another record intraday high s p, reversing yesterdays big losses financials are lagging today check out some of the movers were watching disney is lower. The Company Testing a revamp of its retail store format for the first since 2010 as well as launching a new shopping website today. And red hat shares are rallying. The company raising earnings estimates and its outlook. Darden taking a hit, expecting the hit from Hurricane Irma to be about double that of Hurricane Harvey brian . Mel, thank you very much. We begin today with fed chair janet yellen speaking in front of economists in cleveland, ohio we will go to that event live once she begins taking questions. Steve liesman, though, is here with highlights from Janet Yellens speech. An important speech fed chair janet yellen going further than she has in
Seaberg, great to have you with us. Eric, riddle me this. What has changed and why today do we feel so great of a fed rate hike . I have no idea. I think, you know, were going to be in a cheap market here for the foreseeable future just because of all the uncertainty surrounding Interest Rates, Consumer Spending and Political Uncertainty here and in europe and while this frustrating sideways market may be difficult to navigate were still finding opportunities in the hodges small cap fund. Where . Were really looking at some areas such as some of the nonenergy companies that have been beat down over the last six months by oil prices, Something Like a Legacy Texas Bank share which is a bank that we think is very attractively valued here. The perception of Energy Exposure is not as great or the reality isnt as great as the perception in this stock and we think its created an opportunity for investors. Other areas that we like are areas tied to infrastructure spending, like Eagle Materials