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Happening in washington and focus on wall street the capital can be a disturbing side show. The truth is, theres a tremendous disconnect between what our leaders are doing and what our stocks are doing. That really matters. On day like today with dow gaining and s p advancing. 12 to record close and nasdaq ending flat, very much in the grips of washington. Even though after you hear this top monologue, i think youll agree we shouldnt be. First complain how political news interacts with stocks in general and then drill down to the specifics. Facts. Biggest single legislative push out of of wash...

To face challenges with russia and china. But we begin this morning with todays eye opener, your world in 90 seconds. Theres still belief we can get o the bomb of this. If not, everyone suspects a coverup. President trump tells fbi director youre fired. This is what leaders do. They take Decisive Action based upon the information theyre given. Thats what President Trump did today. Hes full of criticismf ohis handling of Hillary Clinton emails. There was clearly a loss of confidence in director comey. I forgot my badge. Former president barack obama made his first overseas appearance after leav...

They know how to play this game. They will have been sizing up the administration expertly over the last little while, looking for any opportunity to strengthen those links, hoping that the candidate they clearly favored in the u. S. Election, donald trump, will bring them in from the cold. And the end game, of course, is to get those sanctions lifted. Elizabeth palmer in sochi, Margaret Brennan at the state department. Thank you both. With the house in recess, republican members are hearing from angry constituents at town meetings back home. Most complaints at first were about the gop plan to...

He didnt share it with us. We were a set of pictures getting a lot of attention shows the president sharing a laugh at the white house yesterday with russias foreign minister, sergey lavrov, and sergey kislyak, the Russian Ambassador to the u. S. Kislyak is a key figure in the investigation of russian meddling in the u. S. Election and whether there was any collusion with team trump. The photos were russian. No American Press attended. Were joined now by Margaret Brennan at the state department and Elizabeth Palmer in sochi, russia. Margaret, let me start with you. How did this meeting come ab...

Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. ...