Cap it will one shares plunging after a massive date at that breach exposes 106 million customers private information. Dragging amazon into the mess. That and so much more on making money. Charles the fed kicks off the twoday meeting, the president has a message, start cutting. I would like to see a large cut and i would like to see immediately the quantitative tightening stopped. Quarter point enough . Then to have done quantitative tightening, also higher Interest Rates simultaneously, i think was a big mistake. Charles while the fed is expected to cut rates a quarter basis point President Trumps unrelenting pressure on the central bank comes as the American Consumer continues to hold up the economy. Consumer confidence surging to 135. 7. Keep in mind that versus an estimate of 125. Here to break it down, bellpointe chief strategist david nelson and author of the up side of inequality, ed connor let me start with you, david. First of all, the fed tomorrow, what do you see happening .
Investor. Plus, we get a look at the markets right now. That is a lot of red, folks. S p 500, down a little bit more than that. The nasdaq composite, down. The company beat on our earnings. The guidance, or lack thereof for the coming year. Weve heard a lot about people photoshopping their pictures. It is not clear how much money adobe can make off of that. Right now, its shares off by almost 15 . Down 14. 25 . He is managing partner at the cla and a cnbc contributor. Good to have you with us. Its been a pretty good start to the year. It has. It is nice is to see the rally broadening. So it is not just the less than magnificent . No, what you are seeing is at least the breath of the market improving. You are seeing other areas attracting capital. Whether it is in commodities, healthcare, financials, industrials. I think you are seeing some of those sectors that have lagged. And they are actually doing pretty well. I think that combination, along with the overhang. We talk about the mag
Raiders. That their future. Is in oakland. Our Team Coverage continues with 13 action news political analyst jon ralston. And jon. It couldnt have gone any better for one stadium supporter. The big news out of today is simple Sheldon Adelson won. In the end, he got everything he wanted. He gave the committee an ultimatum 750 million and no profitsharing or i walk. But it worked. Sure, the committee got some safeguards the billionaire has to pay cost overruns and for any infrastructure improvements. But the two elected officials and the rest of the panel of gaming reps did not seriously push back on the public money or profitsharing. And when they said if the stadium costs less, the public money goes down, adelson said no. And they relented. Weeks, where adelson has some influence. By some, i mean he gave the governor three hundred thousand last cycle and lawmakers two hundred thousand right before the primary. He may have given more since, but we wont find out until october. While Comm
Issues hashed out by the committee can serve as a roadmap. We are on the verge of having an nfl franchise. Unlv is going to have a stateoftheart stadium, maybe one of the best stadiums in the country. This is an exciting day for las vegas and for las vegas and all of nevada. Now its up to the governor to call a special legislative session where lawmakers could approve construction once and for all. Theres a long way to go. But special legislative session where lawmakers could approve construction once and for all. Theres a long way to go. But not evry using 750million dollars of public funds for the stadium. But we did some research. And its actually a common practice. Over the past 107 years. More than 180 stadiums have been built using Public Financing that accounted for 61percent of the construction costs. Part of the los angeles memorial coliseum. Which opened in 1923. Was publicly funded. But. Its not necessarily a long term investment. 65 of those stadiums have stadiums have also