Stay updated with breaking news from Mary barrow. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Year high as the coronavirus layoffs start to show u. And Oil Rebounding crude on track for its biggest oneday gain ever. Absolutely. Its up 26 though still down 17 for the week as a whole. The dow was up 500 points. Now only up 235. Lets focus in on the key stories were watching mike is tracking todays Market Action e meg is covering new developments from the Pharma Industry and kayla has the latest on proposed bailout, but mike, lets kick things off with you. Thanks. Obviously seeing a general pause in the intense selling weve seen perhaps had a wave of that liquidation pass us by and the big old Growth Stocks are leading the way. That hasnt changed through this whole sell off especially sed soed if you look at a one yore chart starting with the nasdaq, 100 the lea ....
We have one guest says the new deal makes him want to vomit. Leaders Mitch Mcconnell and Charles Schumer reach a deal. Addressing ongoing opioid crisis, bottom line a rare event in washington. Was bipartisanship. You dont see that too much these days. You know what . It is going to cost us. It is going to cost us big time. Money we do not have. Adam shapiro live on capitol hill with the very latest. Hey, adam. As you said, you might call this historic you have the bipartisan deal in the senate but as we break this down theyre talking about hundreds of billions of dollars in new spending that raises the cap on not only defense spending, to over600, roughly 50 billion in fiscal 2018 and possibly more in 2019 but also on the domestic side t adds, 100, i think 50 billion over two years to domestic spending. We heard from senator schumer about that it provides money for disaster ....
Would be my guess. I just give it to you mathematically. But with Interest Rates at 2 , and maybe they go to 3 , but you could argue with im talking about five and tenyear rates now, not fed funds. You could argue that multiples should be up at 25 times earnings. And pretty easily you could argue that. You do that math with any Earnings Growth and you get like 50 over the next few years. So i think theres a long way to go actually. You still have people now somebody trying to come out of the woodwork and saying, well, you know, maybe were kicking down the door of euphoria. Maybe were getting ahead of ourselves. Mark faber was on the program yesterday call for an of large avenue lanlg of selling, too much being put on the trump agenda, et cetera. You dont subscribe to any of that . I dont subscribe that this is a trump rally or things like that. I think its been pent up. I me ....
And on days like today, where the dow dipped 7 points, s p declined 1. 4 . Its more like a tornado that you just hope misses, you thats right, washingtons back to its old tricks. So its crime, right now, right here, on cramers mad money, had me rethink the whole idea of the trump trade. Dont get me wrong. Business is in good shape, both here and abroad. Im not saying the economy is in trouble. Its just that the trump trades of today are very different from the trump trades of four or five months ago, these days more likely to hurt a bull than help. Even though so Many Companies are doing well. For example, what was this mornings donald trump trade . Easy, its the one that came off in tweet from the real donald trump. North korea is looking for real trouble, if china is looking to help, great, we will solve the problem without them. Usa end quote. The trump trade, buy gold, by randgold. Thats probably not the trump trade you were e ....
And now im booked tv stranger program harbored Business School professor Rosabeth Moss kanter discusses transportation infrastructure. Shes interviewed by Rodney Slater former secretary of transportation from 19972001. Host Rosabeth Moss kanter, welcome. Guest thank you, secretary slater. Host and interested in getting to this book and not in our audience have the appreciation ive had in getting through some of the pages and following the storyline. Its a wonderful storyline. What i found found interesting if you find on trend started in the practice talking about leadership. Were you thinking about a book on leadership when you started or how did you get to that . Leadership is one of my big topics from a preoccupation and that was what i was going to do but i kept g ....