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Points, that's five days in a row of declines. that mood spread around the world. right now, asia and europe are down. investors are ignoring strong company earnings. they're focusing instead on what they perceive as threats to the nine-year-old bull market. caterpillar, the bellwether for industrial market, said profits have peaked because of rising costs like steel. and that's because steel prices are up since the trump administration slapped tariffs on imports last month. cat shares down 6%. 3m, down 7%. reported it won't make as much money this year as it thought. alphabet racked up lots o...

Company earnings. instead they're focusing on threats to the nine-year-old bull market like caterpillar, a bellwether from industrial america, what did cat say? profits won't do any better than they are doing now. shares tumbled 6%, 3m fell 7% after reporting it won't make as much money this year as thought. google parent alphabet racked up lots of expenses in the first quarter. that sent shares 5% lower, dragging down the entire tech successtor. another threat -- sector. another threat, the most widely watched bond rate, ten-year u.s. treasury, hit 3%. the first time in four years. for everyd...

They eventually do head to the polls and about i guess looking back at the past year, do democrats have anything to be worried about? >> they have a lot to be worried about. particularly when you consider president trump's record of achievement in partnership with congressional republicans. for the first time, gdp in the last ten years is approaching -- has hit 3%, is approaching 4%. thousands of dollars back in the american people's pockets in the form of tax cuts. i just saw a fox news report today, 45,000, now there are fewer than 1,000 because of president trump. democrats are a party of o...

Good, you're going to be board with winning. they haven't won yet. outside of that he goes into election year where midterm elections where senate majority and house majority at risk. if they don't have something to say, look what we did last year, they are going to have an even tougher time. that's where mitch mcconnell needs that win. to keep senate majority he needs his members to say, look, we did something and we did something really, really big. >> jordan, i want to ask you -- let me play you a piece of sound from what president trump had to say a bit earlier today. >> the economy now ha...

Well, we have a tremendous spirit for the tax reform. this is going to be one of the great christmas gifts to middle income people. the democrats have the standard sound bite before they even know what the bill is about. they talk about for the wealthy. this is going to be one of the great gifts to the middle income people of this country that they've ever gotten for christmas. >> why are the middle tax cuts temporary? >> well what will happen is at the end, whichever the administration is, in years from now, they'll make it and maybe can make it more generous if we can get the economy like it...