Page 2 - Garyb News Today

Surprising we are rallying into this meeting with north korea. this is a big week coming up next week. we are right at a critical level for the s&p and the dow. if we get over 26,000 in the dow. we are going to make new highs, i never thought that would happen this summer. let me just say if we make new highs in the next few months this summer you, that is so early and unexpected to me for the way the price looked in february when we fell. we will explode right up into the next presidential elec...

Neil: gary b., what do you think of facebooks stock thats taken a beating? >> well i tell you what neil i think you and i have talked a long time. ive never been a fan of any product or service that i dont personally pay for. i understand their business model, never been one for me. i think its kind of a fad. i always thought it was a fad and its lasted a lot longer but if facebook vanished tomorrow life would go on. i could live without it and so could the billions of people using it, so i thin...

They got through. charlie: i like some of them. neil: will you credit him with anything? charlie: he did not invent the tax cut. neil: wait wait wait. did he do anything good in his 14 month as presidency? charlie: yeah, those items which were part and parcel of the republican agenda and here is where the pain is going to be felton this when you do not a comprehensive trade policy when you do this tit for tat stuff. neil: well we dont know. we dont know. gary b., youre listening to this and gett...

, who could see their information, friends or friends or friends or actually third party app they will have problems and as i said before the ftc, congress this could go on for some time. neil: i think youre right. you know, heather having covered a lot of this over many years, and gary b. would remind folks decades, i notice too, a man or woman in the technology industry theyre geniuses they have to be but they theyre big on the iq, as i was saying during the break but not on the eq, not big on...

Intelligence but hes brilliant in other ways. neil: i said the same of gary b. by the way, but yes. >> of course when he testifies in front of congress the stakes are very high for him, this company, facebook i dont really think cares about user data and they have 500 billion of market cap, so they brand themselves as theyre allowing a free service for the entire world but at what cost? im always skeptical when someone says a service is free. theres no such thing as a free lunch. your data is be...

Have been able to do it the market went down, now you have that opening where china says he just might be serious. neil: gary b., what do you think of all of that, this is all part of the strategy? >> well i agree with most of what brian said. i dont think trump wants the markets to go down. trump loves good approval ratings, a high market, anything positive he loves, but i do think the market is kind of discounting two things in our favor. one, were the big buyer here. we have the power over ch...

The real sort of damage with tariffs can be seen with what happened with obama, bush and reagan didnt work. neil: all right but their approach to dealing with china didnt work either. charlie: well is his approach working? i hope so. neil: lets listen to the professor and give this a chance before you bash it. charlie: listen to you. [laughter] >> can we also just recognize we do not have these tariffs in place. we are still -- neil: not yet. >> in the negotiation phase. lets see howl it plays o...

Running trillion dollar deficits these deficits have to do with wreckless politicians spending money like drunken sailors and the tax cuts need to be made permanent its a separate issue. dagen: gary b., what do you say? >> i totally agree in fact i think taxes should be even lower for a variety of reasons. number one is lauren said in a previous segment the deficits now at $21 trillion, some people want more government revenue and its just the opposite. the government spends the money ineffectiv...

Again under kennedy, under bush, under reagan, and now, under trump, the benefits of it lets make it permanent and build on something positive as you say. dagen: chuck im going to give you a quick final word i know youre slapping some of that tax cut money down at the roulette table. >> im live in las vegas just like gary b. says the freedom to take my tax cut and vest it into good things like march madness and basketball and whiskey is a good thing for me. dagen: you get an amen and hall hey li...

In in february. thats what people care about thats what people will feel and see going into november. >> yeah, and my good friend chucks points about the democrat not supporting the tax cuts its very similar to the republicans not supporting obamacare ordealing with it youre dealing with something that will affect that big part of the economy and 100% partisan and the only thing bipartisan in d.c. is in competence. these guys are absolute idiots. we doubled the deficit under president bush, we d...