Expectations. They closed the day at 23 1 2. I had a better toupee back there and have gone through puberty. Amazon had a lot of doubters, particularly those that found buying things online off kilter. They were the consensus, largely the experts. The group predisposed to dispose of anything new. That was amazon in 1997. It was teamed a revolution not unlike another one by the so called smart money crowd. The year was 1903 when the president of the Michigan Savings Bank said this to henry fords lawyer. The force is here to stay but the horse is a fad. And a movie producer said of entertainment that television wont last because people he get tired of staring at apply wood box. Or the down of the computer when ken holtzman said there is no reason for any individual to have a computer in his home. Who can forget, ibm dismissing the founders of a Company Called xerox. Not just things but events. Variety magazine on rock and roll in 1955. It will be gone by june. It wasnt. Or the New York Times on the prospect of space travel in 1936. A rocket will never be able to leave the earths atmosphere. It did. Many did. Or a struggling actor of ronald reagan, a united artist, said after rejecting reagan, that he doesnt have the president ial look. The same folks who said that j. F. K. Was too young to be president. Jimmy carter to obscure and donald trump too much of everything to be president. I want to remind you about sure bets an consensus. The bets didnt seem so crazy then but they seem crazy now. That is what life is teachings and defying us. For those that say donald trump is a joke, those that say the whole market is a question mark, think about that. For those that live in the moment, remember, its only the moment. How many times like a snapshot. Once snapped, shot, gone. History proved that. The 20th anniversary of amazon that has made a multibillionaire out of jeff bezos and anybody that plunged 10,000 into this stock 20 years ago today, 5 million. Charles payne, i like to brings these dates to remind folks that doubters can be wrong. You know . I agree 1,000 . To your point, im glad you used things like rock and roll. I think we list in an error of doubt when we should live in an era of hope. So must pessimism out there. Its not just jeff beezos wrote a shareholder letter and said were going to be bold, were going to be focussed. He talked about if Growth Potential and talked about all of the things that we take for granted that he as a visionary saw. To his credit, he never let wall street push him around. Neil if you buy the consensus advice, youll be burnt for doing that. I remember throughout his run and this whole phenomenon, how many people doubted the idea that the novelty would be anything but that. How much people doubt it and how often they doubted. Amazon has had a lot of ups and downs at the risk of giving away my age. I was 11 years old when amazon ipod. I love how you opened the segment. Amazon went from books to electronics to web services to products like the echo and products we wont even know we need until amazon invents them. And i just think its interesting. The optimism that you spoke about in the monologue. But also, leadership and innovation. The American Dream that anything is possible here. Ways to ship products all over the country and world. Neil i was thinking, these two would never work together. That was the headline talking about bill clinton and newt gingrich. They had a great relationship. But how often the consensus gets it wrong. If you miss the 36 amount of return from amazon since the day it went public, dont worry. Youre in good company. The experts that i was in the room with 20 years ago were all wrong. They said the company would never make it. The consumers embraced it. Speak to the american exceptionallism, the entrepreneurial spirit, they will overcome. They were just estimated by everybody. People said the country is in trouble and the standard of living will stop. Well never make progress. America is great. We have great spirit and a foundation and a culture and allowed it to grow. The macys, the j. C. Penney, they all underestimated this country. Look at amazon today. A little book seller that is cleaning up across the world. Speaks to the fact that theres a Brighter Future ahead for those smarter, thinking outside the box. Thats what we have here. Charles, saying at this time other way. You think the success of amazon heralded the emergence of the dotcom boom and the internet boom that just exploded and the markets with it. So it can tip the other way. How do you know as a savvy investor when to follow what is a wave and distinguish the wave players . Neil you know, again, in the letter of 20 years ago, jeff beezos asks his employees to watch cash throw. Theyre monitoring mark share, innovative, doing things that are very intriguing. You also like a small the degree of doubt out there, conventional wisdom. Maybe it can be a tesla, a netflix. These are two big names that everybody says will fail and they keep winning. Neil shelby, when you look at this, what could we be miss something the consensus says the market was off to the races. Many said donald trump would tank the markets. He didnt. Do you always play the contraire . What do you do . Thats a tough questions. For any investor who has any money in the market, you never know what to do. Always a little bit of doubt. I think your point about the consensus is right. You have to listen to your gut. You have to read the wall street journal. Be in touch with what is going on. Listen to the leadership, the leaders of the country. The amazon, the apples, the microsofts. So amazon this morning, we talked about jeff beezos and his leadership. What would the Company Look Like with someone that didnt listen to the market . He never let wall street push him around. Look for leadership in these companies. If you really trust your gut, its probably going to take you in the right place. Look at every election, charles and larry, the guy who eventually win was dismissed of having no chance. Look at barack obama or donald trump. They were not the heavy money favorites. That changed. I go back to john kennedy and abraham lincoln. You think given the fact that we have founded conventional wisdom we would think twice about, you know, sure bets or things those are very, you know, donald trump. His presidency is a mishmash after a little more than 100 some odd days. Neil, its the danger of forecast. The day before the election. So many said the election will be over at 6 00 p. M. And hillary will win. Look what happened . Always be weary of the consensus. Sometimes it makes sense to get on the other side of the boat. My kids have never been in a j. C. Penney but they know the amazon box has something inside of it. That speaks to where the future is. The future is brighter if youre with the right entrepreneurial spirit. Neil weve been belaboring this point. History is defined not by the things we thought would happen but the things that did not. We keep forgetting that. We always do. I think also history defined by those who just believe in themselves, which i think is the crux of this conversation. To your point, whether its a donald trump, whether its a barack obama. I remember him announcing with a handful of people out there saying its not your turn yet. Whether its a jeff beezos saying im going to take this Company Public and not focus on earnings. People are like, are you nuts . Sometimes you feel like the more people that call you crazy the greater chance you have at succeeding. Neil thanks, guys. Meantime, were keeping track of this private plane crash. The faa put out a statement. A leer jet a crashed on runway run at teterboro. The aircraft went down in a residential air. The flight departed from philadelphia, headed to teterboro. The f. A. A. Is enroute. Local authorities will be releasing information about people on board the aircraft. We will update this statement when we get more information. But this type of plane, this leer jet can hold a maximum of eight people, assuming two pilots. Could be as many as six others but not necessarily. Well keep you posted. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Including the fullsized introducingsprintercedesbenz family of vans. And the midsized metris. If these are your wingtips. If this is your gourmet latte. Then these are your vans. Vans for professionals. Strictly professionals. Best commercial van residual value according to alg and starting at just 25,995. Mercedesbenz. Vans. Born to run. Neil all right. North korea is calling it a successful missile test. The tenth one this year. If you count what they have done in the last three years together, that dwarfs the number of missile tests the last three decades combined. Kevin corke with the white house. Neither the nsa nor the fbi are commenting on another big story were following. Ill tell you about north korea and the launch. I want to bring you up to date on the cyber attack that weve heard a great deal about. As i mentioned, neither Government Agencies are talking about. Were hearing from the white house as well. They said they have no evidence that the federal systems have been acted by the worldwide megamalware. Its a fishing circumstance that has impacted so many computers around the globe. I want the tell you a couple things about this. Impacted some 300,000 machines and 150 countries worldwide. Tom bossiic says theyre working with their allies around the world to monitor things. Were bringing all the capabilities of the u. S. Government to bear on this issue and are working side by side with our partners in the private sector and international partners. Some of the businesses impacted, fed ex. Were talking about domestically speaking. As i mentioned, were keeping an eye on north korea. Theres been another launch. You heard about it over the weekend. Seventh missile test this year. White house calling north korea a flagrant menace. As you can imagine, the president was briefed on this latest test late saturday night. Theres no question that north korea continues to threaten the United States, our allies, japan and south korea and its neighbors, including china and russia. Were calling on all of the folks, particularly china and russia, to do everything they can in terms of sanctions to help resolve the situation and bring stability. You heard sean mention that there about russia. Heres a complication. The missile landed fairly closely to russia. That not only means a problem between moscow and pyongyang and lets be clear, theyve had issues, it further complicates any chance between a dialogue with the u. S. And china and kim jongun. Theres a feeling here without the dialogue, things could escalate fairly quickly, neil. Neil thank you, kevin. And joe lieberman. Great to see you. Thank you, neil. Neil how do we have the North Koreans ease up on this . Is china doing enough . What do you china has done a little more since the meeting between President Trump and xi jinping. They stopped coal business with the North Koreans. Theyre putting more pressure on them. But the North Koreans keep going ahead. Theyre intent. Everything the latest test seems like a significant one. That neil you think china is stringing us along . We kept them off on unfair truth or whatever. I think whether theyre stringing us along, i dont think theyre really ready to squeeze north korea as they can. At some point we have to consider sanctions against chinese banks that are doing business with the North Koreans. If youre doing business with north korea, this is like on a model of iran. You cant do business in the United States of america. Neil what if north korea can be influenced . Only a week or two ago they were going after the chinese, calling them the lap dog for the Trump Administration. What if china cant control it . You have to remember, this is a fin fanatical leader. This makes him a world power. At some point, we, not along, but together with our allies in the region, particularly japan and south korea, will have to decide whether or not we have to do more than squeeze the north screens and pin them economically and take military action. That is a tough, tough decision. Neil what would be military action . One analogy says if they launch another missile and we shoot it down, it would be a provocative act on our part or the source of the missile launches or shooting it down over land. You know the drill there. Any one of those actions would be provocative even though were responding to them. Its possible that we could this would be all out war but we knock out a military building. Neil how would they respond . Thats the danger. An unpredictable leader. They have a massive army. In close range of south korea. Its possible that that would trigger a land war in that part of the world, which nobody wants. So what do you do if you have this menace building, hes trying to get to a point to hit the United States with a nuclear neil but iran is different. But the same approach. We dont believe the u. S. Will do anything despite the Syrian Strike with the tomahawk missiles. They dont believe they want to engage us. So this is why President Trump order the hit on the syrians was so important and why we hopefully together with allies have to continue to do that against the worst actors in the world. Because otherwise the bad guys dominate. They dont really fear us. Its the kind of World Without fear of the United States and our allies, were all eventually going to suffer. Incidentally, we worry about iran. Iran and north korea cooperate on military programs including Ballistic Missile defense. So what north korea may be developing today will be in the possession of iran tomorrow and vice versa. Neil quickly, id be remiss. The comey situation. Do you think there should be a special commission on the an independent prosecutor . What do you think . You know, i always favor the special counsel law. Its hard to have a credible investigation of somebody high up in the government. So id still like to see a special prosecutor, special counsel. Neil thanks, senator. Were learning more about this teterboro plane crash. A building on fire, another building on fire. All we know right now all air traffic in the new york area down. So the incredibly minor accident that i had tonight four weeks without the car. Okay, yup. Good night. With accident forgiveness your rates wont go up just because of an accident. Switching to allstate is worth it. If you have moderate to severe plaque psoriasis, isnt it time to let the real you shine through . Introducing otezla, apremilast. Otezla is not an injection or a cream. Its a pill that treats plaque psoriasis differently. Some people who took otezla saw 75 clearer skin after 4 months. 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Change your wifi password to something you can actually remember, instantly. Add that premium channel, and watch the show everyones talking about, tonight. And the bill you need to pay . Do it in seconds. Because we should fit into your life, not the other way around. Go to xfinity. Com myaccount neil we want to give you an update on teterboro airport. This is in new jersey just over the river here. Thats been closed, Flight Operations creased. A crash of a leer jet on the way to the airport. The plane hit a bidding. Debris from the building hit another building. One building is on fire. The other is in great shape. Traffic in and out of the airport has been stopped. I believe i misstated that other airports in the metropolitan like la guardia and j. F. K. Have similarly seen the traffic disrupted. That was the first case. We dont know if that is the case right now. Were keeping a very close eye on it. A leer jet that can hold up to eight people. What caused it . We dont know. It was leaving from philadelphia, crashing just shy of the runway in teterboro. This is again a largely private aviation airport, private jets coming in and out of there. Were following Something Else as well. This ongoing push for a special prosecutor. Chuck schumer calling for that right in light of the firing of fbis james comey. Who is on that short list to replace mr. Comey . The independent journals erin is here. What do you hear . Id point out that President Trump has not met with any of the candidates. Its pure speculation at this point. The attorney general did interview a slate of candidates over the weekend, eight. We heard the associate press said theres 14 candidates. The white house said the Trump Administration wont interview any more than just the eight. So if you look at the candidates, i know for example that President Trump does like texas senator john cornyn. He was the attorney general in president. What the president like about him, his questioning of eric holder who was the attorney general in Obama Administration for fast and furious. Tr