Discuss north korea. Should investors use the weakness as a buying opportunity . Well debate that. Also, is the ipo market back certainly rokus shares have been roaring higher for a second straight day were going to look at whats behind all the excitement for that stock but in the meantime, we have some breaking news regarding the Federal Reserve. Steve liesman stepping in. What now, steve . Reporter im not stepping in bill Jerome Powell is the news. The Federal Reserve governor, Jerome Powell apparently according to the dow jones met on wednesday with President Trump, interviewed according to them for the fed chair job this comes as its been reported earlier this morning that former Federal Reserve governor kevin warsh met with the president on thursday i think the clear indication is this search for the next fed chair is heating up. We were trying to establish whether or not the current fed chair, janet jellyellen had mett the president. I do not believe thats happened recently well
Is if if the president of the United States continues to call in aides and instruct them or give them leave to go out and make comments and starts exciting inconsistent with what the policy is of the administration or changing it, i think that the general is going to have to do this hes going to have to tell the president , look, mr. President , if youre going to tweet, let us know beforehand and let us take a look at it, if you will, and also folks coming into your office, when they come out of your office, if you call them in, instruct them that they will have to come by me and inform me whats been said, and hes going to have to structure this thing. I dont know whether thats going to work, but i do know that those below the general, given what he did today, i think will have gotten the message, and i think hes certainly got the possibility of imposing a new sense of discipline and order on the staff below him but were dealing with the president of the United States i mean, thats one
Thats down and a check of the markets at 153point rally. S p up 17. Nasdaq up 54 this hour. The small cap russell 2000 leads higher off the mid mfmonth lows and perhaps more than anything is the october surprise. Joining us now, rob morgan, michael cagino, christine short is here, peter costa and our very own Rick Santelli heading into the weekend. Peter, this is a really strong rally now. Were up over 10 on the s p in just about 12 sessions. How do you feel about it . Well, you know, ive been on the bearish side. I think that what youre seeing right now is people are rotating back into stocks and equities. I think the earnings are coming in a lot better than expected. And i think that, you know, they want to put money to work and still two months left and they feel more risk on and take it off other places. Rob i was going to say, peter, we know the costa family fortune. Im not speaking to anyone in my family right now. I would imagine. Do you feel like we have the flush out at the lo