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the bombaydo down as well. also look at crude. wti falling to 49.77. and the battle for the white house is front and center this morning. president obama officially endorsing, surprise, surprise, hillary clinton for president as did vice president joe biden. senator elizabeth warren doing the same and didn t take long for gop candidate donald trump to respond. trump tweeting obama just endorsed crooked hillary. he wants four more years of obama but nobody else does. clinton fired back with a tweet of her own saying delete your account. and that tweet let to another tweet. reince priebus, if anyone knows how to use a delete key, it is you. this is all happening in the backdrop of the article in the wall street that e-mails are now in the center of classified information on drone strikes in pakistan. and we re going to talk all about this where the state of the e-mail investigation is with john harwood in a few minutes. i just five hard long hot months three hours at ....
no place else to get yields, everybody keeps turning to equity markets and there is no place to have the solidity or safety of equity markets the us has so the market of choice spirals ever higher. charles: here is the thing i find interesting, a lot being made of institutional money coming out of the market, tons of individual investor money coming out of the market. i don t see a lot of exuberance we are being led by utility stocks. the narrative that this is just unfortunate and goldman sachs to be $60 instead of 160 is why investors missed this rally. doesn t feel like an irrational exuberance, like a safe haven. we are steering the ship of our economy and it is able to be steered. again, we do have this eight year ongoing thing that there is no place to get yields other than the equity markets so money keeps coming added and anytime it is about to die out there is a new reason to be here. charles: last night smuckers raised their dividend. i tell people don t wor ....
buying stock with high yield.l . and later on, tom lee says he s buying stock with high yield. tonight he will give us three names he s betting big on. but first, something surprising in the market since we were last on the air. since the start of the olympics on august 5, we ve seen some very big moves in several retailers. so big in fact we re calling it a retail renaissance. take a look. nordstrom, macy s, foot locker, ralph lauren and kohl s seeing gains with more than 2%. is it time to take profits? pete, what do you say? stick with the move? the majority of the names were beaten down and we talk about the rotation in the marketplace and you look at what is going on in retail and i think what we saw through the earnings season has been these names didn t do as poorly and so they were able to step over the bar. and you still looked at names, we talk about valuation. valuations still remain low. in some cases you re getting a great yield. nordstrom has rack which c ....
leaving many inhabitants unaccounted for. rescue efforts are underway. a massive earthquake rattles italy. half the town is gone, reduced to rubble. she is 100% gill thuilty. donald trump pouncing on new finding on hillary clinton and her family s foundation. it is impossible to figure out where the clinton foundation ends and the state department begins. florida s governor confirms five more zika cases. nebraska, a powerful rain system brought heavy wind gusts. president obama took a tour of flood damaged areas in louisiana. i come here, first and foremost, to say that the prayers of the entire nation are with everybody. it s been just over a year, since diana harvey became the first child to receive a double hand transplant. she won t let me try out for football. will. let s start with base you why not? all that a seal squeezes its way on a boat to get away from killer whales. air right. dancing the night away. can t get out of there fa ....
to be a good economist you look at cause and effect. many times people don t want to see cause and effect. and economists will always talk about cost, when people talk about a benefit to doing something, someone has to talk about cost. a lot of times people don t like to talk about costs. host: is an economist a cold-blooded creatures? guest: i don t think so. i think i am a nice person. one of my issues, to help understand me, my initial premise is the each own ourselves. i am my private property and you are your private property. if you accept the idea of self ownership, certain ask check requests are more lancer nicks are immoral. race is immoral because it violates private property, murder is immoral, it violates private property and so does that. i think you can get a fairly good vision of how the world should be from a moral point of view because you look at the initial premise. host: what about the concept of the common thing? guest: the common good doe ....