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Weak in the session. Joining us is josh brown welcome back. Good to be here are you also in celebration mode after jay powell . Im also in celebration mode. We got all but a promise of a rate cut i think in july. Theyre going to do it. I said earlier, he foamed the runway for what ithink the market knew he was going to do the thing is, i dont think its necessary, but i also dont think its harmful a 25 basis point rate cut most likely, the best example of Something Like this, that i can think of from recent history is 1995 you had a new alltime high in the stock market the day they did the cut, but it was a single cut. And a lot of the reason for that, they had done a surprise rate hike in 1994, which kind of crushed the bond market, people were shocked i think what the 1995 single cut was about was taking some of the pressure off from that, maybe also like a mea culpa, we didnt need to do that that maybe thats what this is most li ....
Second in front of the a joint session in congress. The big issues are nexts as power lunch begins right now your portfolio taking a big hit for the second day we are right around session lows, the dow and s p 500 having the biggest drop in about five months as you might imagine, the socalled fear gauge is rising a bit today. And the story we told you about taking most of the Health Care Stocks down, hospital stocks are you want and other win is as well clorox, at t and Phillips Van Heusen are among the few companies in the green thank you im Michelle Carusocabrera. Here is what else is happening Hardy Davidson shares are dipping. The shipments lowest in six years. They expect a drop this year as well apple glassing the ios plan. Home prices surging ....
How to do you achieve victory, business on wall street for learning to defend our nation at u. S. Military academy. Come to honor our veterans today, celebrate this institution that has men and women who favor service, selflessness, team and brotherhood over personal wants and needs. Might think theres a lot of overlap at west point and wall street especially today markets low. I think there is some commonality. Because leading an enterprise these days is all about the same processes that cadets learn here no wonder veterans do so well in business yeah why not . Why not . [ cheers and applause at a time when whole market can be brought down by exogenous forces we need to figure out which stocks can bounce back the fastest. Thats why im focused on similarities between how they do things here at west point and how things are done on wall street Winning Strategy is Winning Strat ....
The media giant also announced it is removing its movies or will be from netflix and itll launch its own streaming service. We have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5 today. North korea, well get to that in just a moment. Mylan warning today its delaying product launches because of regulatory uncertainty. The latest data shows the drug approvals are on pace to set a record this year what kind of uncertainty are they talking about shares trying to stay positive well have the details coming up and blue apron is rallying ahead of its first Earnings Report as a publicly traded company, thatll be tomorrow the stock is well below its 10 ipo price. As you know, we have a debate on whether there is a buying opportunity ahead of tomorrows news look at that, its up 5 today well, its at 6. 11 right now. That would be a 30 cent raise. Lets star ....