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Horror stories that we had just before he was elected that it might lead to a major crash in the market and it hasn't. the market has been supported by the promise of that tax cut, by strength of the economy, by the earnings that we've seen and of course by the low interest rates that we've seen from the fed. i think many of those things still stand. the tax cut, the economy. earnings have been pretty strong. it's just the interest rates really where we have the question now and that's because the bond market has seen some turmoil. but overall, yeah, this is a correction perhaps we're getting ...

True, or whether you think we've been in a kind of sugar high for the last several years, buoyed by this $4 trillion of fed money, $30 trillion dploeglobald whether or not we're due for a correction off the back of that. >> the sugar high did lead to the market rally, but the market rally and the sugar high did lead to fundamental economic growth. the u.s. 2.2 to 2.6%. the eu is growing even faster than that. so to sort of suggest a total all-out calamatous crash would be averse when you look at the underlying economic fundamentals. yes, i know there are people worried about debt and debt rati...

Head. no, they do not have the same options and that's what a lot of people are worried about. if you go way back a decade ago to the financial crisis, the fed had a lot of options. they put the $4 trillion in, they lowered interest rates. that's why people are a bit nervous right now, i think, because we have had a decade of totally unprecedented monetary policy. we don't really know what the implications are going to be. a lot of people that richard on i have spoke to have said, you know what, the hens are going to come home to roost at some point and we're going to see a big correction. oth...

Stock prices take up, the company u.s. still had a big correction this week after reporting an unexpected bad quarter. however, nucor steel is considered a mini mill, largely held their ground. >> the many mill has done quite well from a financial standpoin standpoint. earnings are up 50%, 60%, 100% compared to a year ago. >> in kenosha, wisconsin, president trump promised to prioritize american-made steel amid complaints that foreign governments were subsidizing their steel manufacturing and dumping cheap steel into the market. president trump invaded the heads of the steel industry to the wh...

11% in the african-american community compared to 5.5% overall. >> exactly. >> i hope that's the thing the president will address. >> how should you think the markets -- react more aggressive will any. >> i think there's a big correction at some point when the rates go up. i think eventually the rates have to go up. and that there's going to be a fall yacht because right now the kind of underlying data we see, the wage growth okay it is a little better than it is and 2% is not strong enough for more money in people's pockets and spending and need to create that virtual cycle. >> companies reac...