Other than just person intendeding to because mass casualties before we table there will be a matter of process. [inaudible question]. No we have not. No we have not we have not located any items within the room, or his house at this point. [inaudible question]. Yes, maam it was a matter of normal practice. Whenever we use dynamic entry. That the number of weapons that for a bhail we have information he has been there since 28th of september. So i have no idea whether if he the house keepers from entering the room or not, that is just a matter of continued investigation. All right. Thank you very much we will provide you update probably in the next two hours, thank you. If i want more in a moment here is the story in las vegas a gunman opens fire. Some injured trampled, Police Arrived in force shutting down the strip became a Triage Center with bodies on makeshift gurneys along the sidewalk, Police Located gunman used explosives to get into his room found him dead, he is identified as
[silence] okay. Its like the perfect, perfect 30second friendship. All right. Lets come back. This is a kind of audience. I hope you guys are like this when it comes to Live Audience questions that would be good. Well, in extremely kiting news, youre actually at only the second event to take place in this auditorium. That is worth, worth a round of applause. We are freshly moved into our brangd new home at 110, 140 years old and weve been renting and incredibly excited and really possible because doneesers and members and attendees like you so thank you for showing up anding us a reason to build a brand new building anyones first time here at the club . So for people who dont though were a nonprofit to only do this and 400 programs year with our members and our donors and our volunteers so membership includes parks like discounts on tickets to event leak this and various Exciting Events like next week and other benefits so if youre interested we have friends happy to talk or you can ch
Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly helping today, the financials. Take a look at the s p 500 banks index, up 1. 5 . It is generally acknowledged that these Companies Put up strong thirdquarter earnings. Today we have a rally in yields, the 10 year yield up about four basis points. That tells us haven bonds are selling off. On the year, it is pretty interesting what is happening with the 10 year yield. We see the 10 year yield is out of a range that it had been stuck in below 2. 3 , now trading higher perhaps back toward the high
You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normalization is a 17 multiple on earnings and the trick is what is the earnings youre looking at . You know President Trump and the republicans get their way, and we have a tax package, you can see earnings next year in the s p about 150 and the 17 multiple and 150, i think its 2550 that would be fair value, full value but fair values, and, you know, most bull markets end over valuations so took another 10 to 15 to that number. The trend is favorable and the conditions that normally lead to a big market
Have quite frankly, they have, they have more broader powers and they oversee basically all of government where our on our side we have the classified side. That is one of challenges i think a lot of our members did not know. Because we are the holder of the place where you can bring top secret information were working with folks who have been bringing us information over the last several months. Reporter [inaudible] yeah. So i didnt see the interview but im not sure that, i dont think anybody has reported on the fact of this investigation or this inquiry moving forward until just now. As far as i know no one knew about that. Reporter [inaudible]. Said exclusively the democratic leader nancy pelosi, steny hoyer is not the person filing. This looks like more of a fishing expedition to democrats. What will it do for any remnants of bipartisanship on either your committee or the Oversight Committee . Well our job here is to get the facts. Were the legislative branch of government. Well do