Massive rally on the heels of the stunning may jobs report 2. 5 million jobs added last month and the biggest increase ever and economists were looking for payrolls to drop by more than 8 million and major indices were 50 above their march 23rd lows and four s p 500 sectors were now positive for the year and the Consumer Discretionary hitting an alltime high guy, does this make sense . Amazing not to me, it doesnt, clearly. And ive been saying this now and it seems like the last 300 or so s p points and its been steadfast and hes been in that camp, as well. Just on the terms of a backdrop on a lot of Different Things it doesnt make sense, but if you strip out everything that weve seen, you start doing the math on this thing and you look at the s p 500 market cap over gdp, youre talking about levels that are nosebleed and nosebleed i mean 150 and a lot of that talk about it as the buffett indicator and it typically is unsustainable and if you start to do the math on the multiple and i u
Give to incoming First Lady Melania Trump . Well talk to her chief of staff, live. Welcome to the lead everyone, im jake tapper. First things first. To all veterans today from my family and the team here at the lead, thank you. Our politics lead now, we are three days into the trump transition and there are already has been a shakeup. Transition in the transition if you will. Governor Chris Christie the head of the Transition Team since may has been demoted and Vice President elect mike pence is now in charge. Were all trying to figure out just how president elect trump is going to govern. Will he be profane and alienating . Will he be president ial . Will he unite the country . Will we see guy or this guy . This is the very first governing decision made by president elect trump, what does it mean . Jim acosta is tracking all the developments. Reince priebus walked into the trump building. Have we seen any white smoke indicating that the president elect has settled on a white house chi