a lot of other people did. a lot of people were short going into the report yesterday and looking for the market to make that big correction. they did what we thought they would do and, like i say, steve still had the odds as far as they were giving him those odz yesterday, they were very good. it was a reasonable bet that maybe something would happen. it didn t. they just have gone out and jawboned again, judge, and didn t do it. so they lose a little credibility for going out each time that they do that but, nonetheless, i wouldn t be an aggressive buyer here because i think there s smoke in the house. not saying the house is on fire. saying there s smoke in the house and so you have time what does that mean? that means you have time between now and december to get your belongings together and get the heck out. pete? you know, the one thing i ve done, scott, the game plan. one of the questions they asked the producers before the show, what are you doing? how did
and welcome to power lunch. i m melissa lee. here s what else is happening at this hour. stocks pushing higher with the dow and the s&p 500 erasing all of september s losses while the nasdaq on pace for a record close here. existing home sales falling 0.9% last month. economists were looking for a gain. and north carolina under a state of emergency following days of chaotic street protests after the fatal shooting of a black man by police. we ve got a live report straight ahead. but first, we got to get to tyler mathisen live at the iconic conference in boston. high, ty. melissa, thank you very much. and it s great to be here in boston at the iconic conference where we bring together some of the biggest business icons like todd wagner whom you just heard from on scott s show just a few moments ago. and some budding entrepreneurs, people who ve either made successes out of businesses or want to. and in just a few minutes i m going to talk to one very inspiring guy, danie
obviously was supposed to stem the shenanigans and the fact that the justice department felt compelled at this point and time while everybody is hoping this iran agreement is going to hopefully lift the relationship between iran and the united states forward. and for the united states to improve anymore in their new future. looking at the bigger picture here, i seem to remember the atta attack and it seems to be happening on a global basis back and forth. does this fit into the overall narrative? is this the attack and counter attack flow of things or is there something different here? this is the beginning of what essential sly the new generatio. just launched a major attack against south korea s banks. the russians have been engaged in cyber warfare in the last few months against ukraine as well as literally took down the entire internet, structure, last year. the israelis are trying to do what they can to attack the internet sites that iran s nuclear program had. so th
about 18 times because earnings are slowing and that s a premium valuation that we get when earnings are moving higher and it s expanding. you can go back down. you can go back down to 1850 but you have issues coming up. one of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course presidential election. you tend to look at the economic numbers that were not great. that s good because i don t think that the fed goes you don t know what to believe when it comes to the fed because what some have called a dove fest of last week and then now this week you get some of the seemingly more dovish people talking like hawks. well and it s confusing to the marketplace and it s the reason that we re correcting right now and it s a healthy correction. i don t think it s being met with much volatility in the marketplace and looking forward over the next couple of weeks the economic numbers are go
now strong enough for a december rate hike? a lot of things happening today, but first of all, a very big development in the presidential race. eamon javers joins us in d.c. with more details. eamon? mandy, that s right. a blockbuster report here in politico.com this morning. politico reporting that ben carson s campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. they re saying ultimately ben carson was not ever an applicant to west point. in his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. politico reporting that the carson campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. in fact, west point is tuition-free for those offered admission. there s no such thing as a full scholarship in any case to west point. this follows on a number of controversies for ben carson and his c