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Highest level in two years trade headlines have us on record high watch for the s p, a closer call for the dow and nasdaq and would be the 27th record close of the year for the s p. Joining us for the other, stephanie link, good to have you here this afternoon. What does it mean . The computers take each headline as if its fresh what a difference a year makes is all i have to say last year we had tight fed policy, no idea what would happen with trade. This year we have much more accommodating fed and seems were getting some pieces of certainty on trade may not be what we want but making progress. Now i would argue a lot of this is priced into the market given weve had Market Expansion on the multiple but, you do not fight the fed and at the same time the ism and pmis are stabilizing and the data this week has been pretty good on other data points on the economic front we might have risk to the upside in growth for 2020 and thats ....
Thank you all very much. Mr. Horowitz thank you very much. Mr. Horowitz, thank you. I appreciate what you have done. Do you have your team with you . Would it be ok if they raised their hands . If they are ok with it, im ok with it. Thank you all. You have labored hard and your work product is impressive. I just want to thank you all for what you have done for the country. Mr. Horowitz, i am dying to hear from you. I will take a little bit longer to try to lay out what i think is before us as a nation to crossfire hurricane was probably the best name ever given to an investigation in the history of investigations, because that is what we wound up with, crossfire hurricane. There has been a lot of media reports about your report before it was issued. And i remember reading all these headlines lawful investigation with a few irregularities. Everything ok, lowlevel people kind of got off track. If that is what you get out of this report, you clearly didnt read it. If that is your take awa ....
Story, those of you who have not been here before its where the 20s in the 60s and 70s were the ukrainian socialist club. The owner actually dennis, in fact he was a defender and is now surrounded in a transition apparently. So were going to introduce someone who does not need an introduction but it fits. We have something really extravaganza, we have opera, discussions, bellydancing, down the bank if you notice a lady with a typewriter, you can go up and say anything and shall write one for you. Lets stop with the conversations and please welcome paul theroux as we celebrate his 51st book apparently,. There are 31 novels, 19 troubled books and one criticism. The wall street journal actually says 56. But anyway he just celebrated his new book on the plain of snakes. And in any case [inaudible] can you hear me. Can you hear me, did you hear the joke. [laughter] thank you very much for being here. I have never been here before to this particular place, it is delightful. I know tony so th ....
Thank you all very much. Mr. Horowitz thank you. I really appreciate what you have done. Do you have your team here with you . Would it be okay if they raised their hands, is that all right . If theyre okay with it, im okay with it. Thank you all. You have labored hard and your work product is impressive. I just want to thank you all for what youve done for the country. Mr. Horowitz im dying to hear from you, but i bet i havent made 20 minutes of Opening Statements in a year. Im going to take a little longer to lay ow what i think is before us as a nation. Crossfire hurricane was probably the best name ever given to an investigation in the history of investigations, because i think thats what we wound up with, a crossfire in a hurricane. Theres been a lot of media reports about your report before it was issued. I remember reading all these headlines, lawful investigation with a few irregularities. Low level people kind of got ....