Earlier today. What are the best way we can to honor those who perished . All that and much more on making money. President trump answering a variety of reporters questions during a meeting about possible action on ecigarettes at the white house. Just a short time ago the president not holding back on opinions about former National Security advisor john bolton or about potential vaping risk which is pushing Tobacco Companies moving lower as you can see. I want to go to blake burman who is at the white house with more. Reporter hi, charles. The First Time Since President Trump announced tweets announcing john bolton was no longer as part of his team as National Security advisor we heard from the president and his thoughts on the former National Security advisor. He said he disagreed boltons stance before he got into office as it related to the iraq war. During his presidency he doesnt think it was smart when bolton brought up the libya model talking about north korea. Bolton insists he
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
Lawrence in washington, d. C. , with the latest on trade, Jackie Deangelis live in the newsroom following the amazon probe. Gerri, lets start with you. Reporter what a day in the markets here, anniversary of 9 11, everybody talking about it, the markets going to the sky. Dow up nearly a full percentage point. Russell up 2 . Were finishing at the highs of the day. The dow of course, the longest winning streak in three months. The dow driven by boeing and apple. Lets talk about apple for a second. You said the market cap of that stock, a trillion dollars. Very good news for apple shareholders. This is the first time in 10 months they hit this level. It was that big announcement yesterday about the three new iphones. 699 for one of those iphones. Apple watch, ipad, apple tv. Pretty much yesterday melissa said we would buy one of the iphones. Maybe why the stock is up. Good news for them, apple tv subscription, 4. 99 a month. Purdue pharma agreeing to a tentative settlement over the Opioid
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . So you have been doing Value Investing for 36 years. What is a Value Investor . John a Value Investor is someone who is looking for bargains, trying to find stocks selling at a 40 discount what we think their private market value is. We want to make sure it has a low p e ratio, a strong balance sheet, and has the ability to really withstand the inevitable storms that happen in the stock market. David now, Warren Buffett coming is he a Value Investor . John he is the greatest Value Investor of all time. Some people talk about whether Michael Jordan is better than lebron james. There is no question when it comes to investing that warren is the best ever. David ok, but Value Investing, as i understand it, is easier d
Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl