Still positive on stocks and short bonds. Tepper telling me of the markets, quote, any comparison to past overheated markets are ridiculous look at where multiples and rates were in 1999 im not saying stocks are screaming cheap, but youre nowhere near an overheated market, he said. Tepper calling his short of bonds a hedge, a trade that is not working now, but that hopefully will tepper citing strong Global Growth and low bond yields as two of the principle reasons he sees more opportunity ahead in stocks telling me, quote, because world growth will continue to be good, earnings will be better and stocks are relatively cheap to Interest Rates asked where rates would begin to become concerning for him, tepper telling me, if rates go up a lot, the market would have trouble with that, but 50 basis points is not going to make a difference, he said. I asked him about his portfolio, his 13f revealing yet that he continues to like tech tepper owning positions in names like alibaba, afl belpha
Vegan nail treatments, taking the Retail Experience, and we do mean experience to a whole new level. Well take you for a tour. Pass the avocado juice, everybody, because power lunch starts now im brian sullivan, none of the major indexes are moving that much. The dow tufrned negative but the dow would be higher if it wasnt for home depot, shaving 45 points off the dow this despite an earnings beat and raise the outlook. Investors looking for a little more from home depot outside of that store pretty of an empty parking lot for Retail Stocks and investors in Advance Auto Parts losing 20 of the money both retailers missing profit fimts and giving weak guidance Energy Stocks under pressure crude oil back down to the lowest level since mid july. We begin here in new york President Trump will be focusing on infrastructure today and his arrival come as mid large protests at trump tower. Heres the latest on those stories. Reporter the president is continuing his working vacation at trump towe
Political gamble, gambling that going back to the language of saturday is better for him than sticking on the more conciliatory language from yesterday. Saturday he was criticized was by saying that there was violence on many sides seeming to spread moral equivalence to people protesting against nazis and White Supremacists along with the nazis and white supremacist s themselves and he he wewent back to that bh sides language today here is the president just moments ago. I do think there is blame yes, i think there is blame on both sides you look at both sides, i think there is blame on both sides and i have no doubt about it and you dont have any doubt about it either. And if you reported it accurately, you would say it reporter the president also conflated George Washington and robert e. Lee mentioning the father of the country in the same breath as a confederate general and seeming to suggest that there was a linkage between the two. That is not rhetoric that you will often hear fro
International panel this morning and i will introduce each of our Panel Members. The first one is a member of the emirate mars Strategic Planning team. The duties are to ensure the impact of good journey to mars will be sustainable, leaving it an everlasting effect. He is also the cofounder of the bowels of show, which is a Youtube Channel aimed at making Science Technology accessible to our youth in that area and has been quite successful. So, said. [applause] next is shooed shirov the readers working not for Human Spaceflight Technology directorate in japan. He received his degree in the special icing and design of intelligent controller for an economist walking robot under microgravity environment. She is currently in charge of the japanese human and nonhuman exploration ive been mainly in the Architectural Design of Space Systems to the moon and mars. [applause] our third panel member this morning is from the palace building a space corporation. He has been the large project Design
Distinguished guests with us today, including members of our cabinet, treasury secretary steven mnuchin, omb director mick mulvaney, and, of course, our transportation secretary, who is doing a fabulous job, elaine chao. Thank you all for doing a really cool incredible and creative job on what we will be discussing today, which is infrastructure. We just had a great set of briefings upstairs on our infrastructure agenda. My administration is working every day to deliver the worldclass infrastructure that our people deserve and, frankly, that our country deserves. That is why i just signed a new executive order to dramatically reform the nations badly broken infrastructure permitting process. Just blocks away is the empire state building. It took 11 months to build the empire state building. But today, it can take as long as a decade and much more than that. Many stories where it takes 20, 25 years just to get approvals to Start Construction of a fairly routine highway. Highway builders