the -- dock toreal thesis the elsie project in her honor because she started me on this quest. our faith opened us up to new ways of thinking about christian identity. it helped me to relate more to her and i also found my openness to talking about these questions and abled people in my congregations to talk to me about things maybe they wouldn't have talked about before because they maybe thought i would not accept them or tell them they're wrong, especially wrung people. >> yes, let's talk about the mill len i can't answer these days in congregations. >> absolutely. >> i would -- millen yals -- millenials these days in congregations. >> absolute am. -- absolute am -- absolutely. >> that opened up a lot of conversation about when i meet someone and it's like well i'm a lutheran pastor you kind of see the glazed look. what i'm very involved in interfaith work oh, really, tell me about that. >> it opens up a whole new vista vista. i have found in the relationship that develops they are more accepting of me as a christian and what that means as a christian that is open to talking

not sihying away from the thesis we would love to be constructive on the stock, we had been for yearspast, but again, it's a very different story today than in the past decade. >> we need to catch up tomorrow, see what happens have you back to either, you know, have a may mea culpa or dn it again i have jon najarian with a question >> it plays off what joe was ask. that is dtc or direct to consumer this was double-digit growth last quarter if they surprise in that area again, could that get you to change your thesis >> it would have to depend on the marginstructure. i think if there was growth in that dtc channel, it probably came at the expense of gross margin there's inventory they need to clear out. that's probably the mitigating factor to any sort of top level strength that may come through again, if the -- the wholesale channel is really ordering their business down substantially this year that's probably because demand by the consumer is not warranting any sort of commitment to that brand >> have to run thanks for being here. we'll see what happens with the number >>> up next, u

i didn't go into the book thinking it was going to be my thesis i just sort of looked at the interfacebetween silicon valley and between the two entities and the business of the for-profit surveillance that in the end it became a smaller component of the book that is part of the continuum, the narrative is to narrate and educate and it was an actual process. finding out how much dumber we are today than people half a century ago there is no way to put it. we've grown up with this internet, we think we understand it yet our concept of it and its history and integration with political structures and politics when i went back and read an incredible book that produced from 1969 back to this episode quite a bit they produced a rule booklet and predicted that the internet would become because it was much more kaleidoscopic back then it was just a government system backed by a military contractor and now it's much more sophisticated but at their core they predicted what the internet is and understood very deeply so when i came across that i think this is incredible and it made me wonder how c

the the title of my book is most america notes from a wounded place so this essay states my thesis. it is a contrast national narrative. this is the land that gave birth to the premier accolades. somone of the celebrated novelis and its deadliest types of race riots within a few dozen years and miles of each other. the first law enacted by the legislature. so we have more incorporated towns than any state in the nation. it's damn anywhere in the continent with added irony that an oklahoma most of us don't live on the reservation in the land of the red peopl dead peops what oklahoma means. one of the first things that is most important to me to express is the quintessential as a profoundly american place by history, its culture and all the forces that have gone into creating a state so that is the essay and when there is another that creates the subtitle that speaks to the wound, the encroachment on the native land. this was true from all over so if you've got oklahoma we are situated in the physical map. native tribes if you look where the original homelands were they are spread all

sectors because they've been losers i'm looking at hershey and thinking "holy cow" i can craft a thesiseneral mills may market the end of money coming out of consumer product. >> that would be good news to many of the stocks >> yeah. >> take a listen. >> oh, craft hines try to put together a thesis for that weekend. >> couldn't do it? >> not yet. >> i'm working on it. >> you are okay >> it's coming your way. >>> we'll talk about this and more in the next hour with white house chief economic advisor larry kudlow just past 10:00 a.m. eastern time >>> a ton of news out of phasebook today. the company suspending another data analytics firm after cnbc discovered it was using tactics like cambridge analytica separately today starting today the 87 million users who might have had their data shared will be notified. users will get a detailed message on their news feeds and zuckerberg is heading to the hill he'll meet with lawmakers today ahead of testimony tomorrow and wednesday. house energy exercise on wednesday. journal has a piece out about what he needs to do. one of the things they say is

the clinic has its own for us thesis factory it takes from one to two days for the team to manufacture an artificial limb the base pieces such as the food and ankle were shipped from a german company here the prosthetic pieces are then put together and adjusted. of . them up all around fifteen patients get a new limb series each month and they're free the clinic is funded vida nations. look we don't want to hold. them until the last. majeed or has another appointment this time with a psychologist but she isn't there yet that gives me a little time for her favorite game jump rope. you go over there a physiotherapist and us can barely catch his breath. turnaround. wasn't there for. don it never. knows that but as. well as job is perhaps even more difficult than the physiotherapists. she's of psychologists and the she treats can be seen. dandy bring him have been her patients for years sometimes they pain to gether all they need like today. is also from syria tries to find out how the children are doing and how the war changed them ma. bell and before going i wonder sometimes the children

thesis is on revolutionary tendencies in the upper stalling age. while rudy's comrades were waxing lyrical about free love he chose a very different style. with. this bonnie. one as a line that we wanted to have a party and we invited lots of people. i know that's fine like now friends people from different working groups from the third world groups. down so i know our hawks i composed a kind of wedding speech and it was read out loud as a kind of sermon a lighter work and they said heart. berlin in the mid sixty's wrote things are getting serious now for the revolutionaries who see they are a tiny minority that will remain irrelevant to society for quite some time because it exists largely outside of society. wanted to get those who are disadvantaged by the capitalist system to become active because people only destroy their traditional norms if they believe they can improve their situation. to the socialist german student league formally the student wing of the social democratic party seemed to be the perfect instrument for this. or that he rose

and it is on the thesis. but the flipside is that the folks who were working abc, just media folks, we were with producers and t.v. personalities and so forth. that could almost let someone nothing really love had just been killed. and there was this sense of deep abiding grief at the studio that night. and it occurred to me that if the white working class was voting like an ethnic group, then this was, the group of people are spending time with on election night at the abc studios, they were kind of weaving together. they were reacting not just as if they lost an election but something really deep and culturally had happened. that experience is really what makes me so interested in the thesis of your book. i do sometimes wonder that we are behaving out political ideology in the united states, or political grouping in the us are behaving more like ethnicities than they are like traditional american political institutions. how lucky we think about that. >> great. so, first i will say that i was among the few p

and that is the thesis, that is the foundational point of your book. you can expand on that? >> well, something, something particular and peculiar seems to have come over angloamerican intellectual life in. the 1950s and the 60s, the position that was academically tolerated was a cheerful agnostissism with respect to god's existence, maybe, maybe nod, but this isn't an issue that vexes us as profoundly as members of the scientific community at all changes. now very vociferous and dogmatic a dogmatic atheism is obligatory, established physicalists may be planning jihad, i have no idea. but by and large, atheism has replaced forebearing agonistissism in the anglo-american scientific life. and as a result, the religious tradition is a very, very long 5,000-year-old tradition has been made into an object of faint derision among sophisticated men and women much to the consternation of people who deeply, deeply admire that tradition, and that, i think, is a change in the diopacin of life that we need to pay attention to. it is relatively new, started around 1980, '85 but become an

that line, that not everybody‘s body aligns with their mind, sort of sums up the central thesis of thent in to see it having not seen any of the trailers and not knowing anything about it at all. at the very beginning, i had five minutes of thinking, "hang on, what's going on? where are we?" what i thought worked well about it was, that actually, it explained itself very clearly. i started to believe in the characters, although the conceit itself is, you know, unusual and supernatural. i thought the film had a really good heart. i mean, it was a film about the polymorphous perversity of love and the way in which you fall in love with a person and the essence of who that person is. it reminded me of a number of different things. at one point, they start talking about demonic possession and it reminded me of thejohn wyndham novel, chocky, which i read when i was young and i really, really liked it. there was a film recently, a swedish film called girls lost, which was a sort of body swap movie. and then there was a japanese anime that we reviewed here on the show a year or so ago called

and some a thesis friends. huge bust out of it in the world. on the same evening at the demonstration in quetta at sini a camera records of group of men throwing rocks at the demonstrators from the side of the police the police do nothing to stop them. miserable she would have to finish it. after the. far and they'll and. the more you listen to them an impish will be the good because of the good fight to feed. the cervix so the bottom of your maze will just give you all of your folly. got another couple she was a bit fuzzy did i get a lot of us to live it up in life we should. give up about us even young. missionary if you. look i mean there's a petition to be premier you could be. from michigan but. if you move it will. i thought. i was. having you give me a very money thank you chad and it was better than it was. ten days after the murder of public service. employees and members of golden dawn are arrested and charged with setting up a criminal organization. that. was. god i'm gonna live forever up everybody else i forgot that everyone you kn

the british authorities jumped to the conclusion that they wanted to see a thesis on a pretext and then invented the evidence to justify that. was circumstantial evidence that russia might have been involved and the british government quickly built up on this but when you look at the statement today the only additional evidence is speculation it underlined the fact that the british argument so weak. and therefore it with a diversionary tactic to bring up the story the allegations concerning contrail corn. in fact. mission weakness on the part of the british delegation if they were convinced that the case. they should have concentrated on on that exclusively the u.k. statement here designed precisely to muddy the waters and near. russia. president putin has said he hopes western powers will take a more commonsense approach to the screen case when you're used to them we are not waiting for anything we just expect common sense to eventually prevail on the most of the international relations will not be harmed now in the medium as opposed. of a lot of money right now in the game as opposed

maybe you can walk us through the basic thesis of political tribes. if haven't read it, buy it. >> so, starting opinion is that human beings are tribal. really tribal. biologically so. so some of my favorite part of the book are actually not quite about in the politics but some fascinating studies. just tell you about one. recently researchers gave -- took kid between ages of four and eight, and randomly assign end them to the red team or the blue team. and gave them t-shirts with the corporationing colors. they -- corresponding colors. they then sat children in front. the computer docks and showed them computer edits images of children, half wearing blue and have wearing red. they then -- the researchers then asked the children the subjects for their reactions to these kids. the results were astonishing. even though these children had -- knew nothing about the children in the pictures, they consistently, and passionately, said they liked the children better who are wearing their color, they wanted to allocate more resources to them, and they thought

the british authorities jumped to the conclusion that they wanted to see a thesis on a pretext and then invented the evidence to justify that. was circumstantial evidence that russia might have been involved and the british government quickly. built up on this but when you look at the statement today the only additional evidence is speculation it underlined the fact that the british argument so weak. and therefore it was a diversionary tactic to bring up the anniversary of the allegations concerning contrail corn. in fact the. mission weakness on the part of the british delegation if they were convinced the case got sold sprit they should have concentrated on on that exclusively the u.k. statement here designed precisely to muddy the waters and tooth near. russia. a number of russian diplomats have given their reaction to the latest developments in this group our case more on that from quite blunt and you've got a tough. there's a good share of irony in the u.k.'s latest accusations against russia well you know that russia is refusing to share any information on the scruple case with th

. >> the senior thesis at william and mary, he graduated in 1982 and jerry falwell, talked about two types of religions, when is a philosophy that calls people to moral imperatives and to act morally the best they can in an imperfect world versus the manipulation of religion which is what he said jerry falwell did which was a fraudulent exploitation of religion and he took himself in the other direction and you can see from his college thesis a growing split in the republican party, those who would say and do anything to win, those who did want to adhere to a fashion idea of the rule of law. >> really republicans go out and fight to win? don't do that. a lot of good republicans and democrats are out there. >> i'm talking about the conflict comey set up as an old-fashioned principal and what he described as the mafia family model. >> the question that sonny hoskin asked james comey. >> he told lester holt he had the russia thing on his mind in making the decision to fire you. he recently tweet to the that the the russia thing wasn't a factor, he was not fired because of the phony russ

that line, that not everybody‘s body aligns with their mind, is somehow sums up the central thesis ofhe film itself. i went to see it, having not seen any of the trailers and not knowing anything about it at all. at the very beginning, i had five minutes of thinking, hang on, what's going on? where are we? what i thought worked well about it was, actually, it explained itself very clearly. i started to believe in the characters, although the conceit itself is unusual and supernatural. i thought the film had a really good heart. it was a film about the polymorphous perversity of love, and the way in which you fall in love with a person, and the essence of who that person is. it reminded me of a number of different things. at one point they start talking about demonic possession and it reminded me of thejohn wyndham novel, chocky. which i read when i was young, and i really, really liked it. it was a film recently, a swedish film, called girls lost, which was a sort of body swap movie. and then there was a japanese animator that and then there was a japanese anime that we reviewed here

my style and your style as a is doing the work as thoroughly as we can to develop a thesis.o assess whether there really is a action or series of actions that can be taken to eliminate underperformance or a malia rate a situation. ameliorate a situation. generate a dialogue. sometimes you find you are knocking on an open door. sometimes there is a founder or a management team who is ready to sell out or happy to go on to something else, but they don't want to feel they are deserting their staff, their employees. there's a lot of different reasons the company that is ready for some kind of reformation for new blood likes to see a resolution that can maximize value. david: how many investment professionals do you now have in your firm? paul: hundred 20. co-ceo and co-cio named john pollock who has been with me since 1989. , we more than complete each other's sentences. the impulse of the hedge fund thinkingndependent of -- independence of thinking. folks earliest hedge fund were by themselves, privateers of the world's investment oceans. craft wouldght the be susceptible to an

our style, my style, is doing the work as thoroughly as we can to develop a thesis, to assess whetherthink there really is an action or series of actions that could be taken to eliminate underperformance or mediate the situation. then, contacting a company privately, testing with consultants or bankers, testing our ideas, and trying to generate a dialogue. you find your knocking on an open door. sometimes there is a founder, or a management team that is ready to sell out or happy to go on to something else, but they just don't want to feel they are deserting their staff, their employees. so there are a lot of different reasons why a company that is ready for some kind of likesation or new blood to see a resolution that can maximize value. david: how many investment professionals do you have in your firm? paul: about 120. david: how to the decisions make going forward? paul: iva co-ceo and a co-cio. his name is john pollock. he has been with me since 1989. in that. of time, weeriod more than complete each other sentences. the impulse of the hedge fund idea is independence of thinking.

rove without a real analysis maybe you can speak about the weak and strong democratic majority thesis because again speaking as someone close to the emerging democratic party it felt like you were onto something. >> those of you in the audience i don't know them in sync patrick's day in the majority just a few years ago as well as some later work but that's an important book. my book if i may plug the lost majority was conceived as a response to the emerging democratic majority and then i had made the mistake of sitting down and actually reading the book like this book is nothing like what i see in the new republic or the new yorker or the favorite progressive publication. it's a very nuanced work that emphasizes heavily the importance of careful governance tending to the various coalitions at the time. it relies heavily on the white working class vote which things have changed and i would agree with support to the coalition that it was at the time. about a book is a very careful book about spelling out that this is not inevitably what will happen, some of the states will come around

trish: i'm poking your thesis, with 1.3 million, billion, people, we don't need to buy as much stuff.d actually, this is their goal to from us it domestically. >> really? they, they got to buy food? they have to buy food somewhere. >> we're not the socialism bernie sanders necessary of network. >> you could have fooled me. trish: you know me better than. >> you talk just like bernie sanders. >> you know me a long time. >> you sound like bernie sanders. trish: i don't like technology is getting stolen by the chinese. >> i don't like it either. we'll stop that. don't engage in a trade war. that is what bernie sanders wants. trish: the director, is he taking commercials? >> we blew through the commercial? you want me to call her bernie sanders? you want me to call trish mrs. bernie sanders again? trish: stop. donald trump getting criticism -- >> you sound like a liberal. trish: national economic council director larry kudlow telling fox business that the president wants to quote, develop a level playing field. we have the intel next. i guess they really wanted that tease in there. >> i g

. >> he wrote his senior thesis when he graduated but jerry follow you talked about two different kinds of religions. and when is a religious philosophy that cause people to moral imperatives and tried to act morally the best they can in an imperfect world. versus the exploitation and mutilation of religion, which is what he says jerry falwell did and exploitation of religion. and he cited himself in the other direction and can see almost from his college thesis the growing split within the republican party. those who would basically say and do anything to win cap 13 on top. want toe who didn't adhere to a more old-fashioned idea of the rule of law. >> you're saying only republicans got there and fight. please, don't do that. there's a lot of really good republicans and democrats out there and an honest job. is not to discount. i'm talking about the conflict comey sets of the dream what he saw as an old-fashioned kind of republican principle, and what he described as the mafia family model. thelet's go back to th view. said yetent trump russia on his mind in having the decision to fire

. >> the other part of the thesis is brinksmanship. the united states or someone else is superior, what are you suggesting about the importance of engaging in brinksmanship or not backing down on brinksmanship and what are the risks for that kind of recipe? >> the games of nuclear chicken are dangerous but we saw that in the cuban missile crisis, john kennedy said the risk of nuclear war was 1/3 to 1/2. we have come close to nuclear exchange but leaders face these decisions. they don't want to run the risk of nuclear war but they don't want give their adversary a free pass so they play games of nuclear brinksmanship reluctantly. i would argue this brinksmanship framework is a good way of understanding what we have been doing with north korea for the past six month and some other more recent crises as well but the basic thesis of the argument is in these games of chicken the superior state, the inferior state is more likely to swerve or play in the first place, why play nuclear chicken if you're going to lose? i have a lot of evidence i

and he cited himself in the other direction and we can see almost from this college thesis the growing split within the republican party. those who would basically say and do anything just to win and be on top. and those who didn't want to adhere to a more old-fashioned idea of the rule of law. >> you're saying only republicans go out there and fight. please, don't do that. there's a lot of really good republicans and good democrats that are out there and doing a nice job. let's not discount that. >> i'm talking about the conflict comey sets up about what he says is an old-fashioned kind of republican principle, and what he described as the mafia family model. >> let's go back to "the view." >> president trump actually told lester halt that he had russia on his mind in having the decision to fire you. he recently tweeted this morning that actually the russian thing wasn't a factor. he said james comey is the worst fbi director was not fired because of the phony russia investigation. >> but he said it. we have it on tape. >> why you believe you were fired? >> i don't know. i took him at

if you have a fundamental theory, which we do, which is our core thesis about the "u" curve, when the market gets oversold, you can step in and buy it instead of fearing that something major has changed. if you think earnings are going to drive the next period higher, i think we're going up 20% from here okay so i'm buying. >> it took you a while to get there, but you think the next 10% minimum is up rather than down >> totally >> so let me ask you this. >> how about a quick answer? yeah >> so everything you read, i don't mean you but in general, says earnings are going to be up 17, 18%, okay? say it's 20, i've seen 20 also the question is, when it's said that often, when it's that ubiquitous in everything you pick up, can't you make the argument it's discounting the market >> you can in january, that's a great point. and it's not so if the market trades at average 19 times, and cornflation is at 18%, you're down 12% at peak, that's a different discounting mechanism. yeah, it's discounted in mid-january. it's not discounted today, or actually yesterday, down 12% >> hang on who says th

influence the social influence that exists between these different individuals and we can visualize thesis connections almost like springs or realistic connections between the individuals and this allows us to understand how the collective how this network of communication helps the the group solve problems what we find is that the social interactions it's almost like a spring and. visible spring between the individuals and sort of two individuals are moving together and one hits the dog region and slows down the other means going fast the spring it's time for you lost it gets tighter and tighter against the soft exerts a force that turns the cinder good will towards the dog region even though it doesn't know it's there. this spring represents one of the ground rules of a swarm always keep the same distance from your nearest neighbors. when one fish slows down and that's behind initially the distance grows the spring stretches. the restoring force makes the fish swim into the shadow. the amazing thing here is that evolution has found very very simple rules the rules of the simplest possibl

i think the thesis around bitcoin as a store of value versus a bunch of countries that are overinflatingnteresting concept and has a lot of strategic heft to that singular argument. so far to date, no one has developed any technology around a distributing blockchain concept that has technical efficiency moving beyond that - >> not even lightning projects >> i don't see any in the market someone wrote an incredible blog post last week that said blockchain may be the worst technology ever. >> it's been great spending time with you we'll see you this afternoon looking forward to that. >> up next, pete najarian has unusual activity, the bullish options move he's following in a big bank stock and a chip name today. "halftime report" back in two. need a change of scenery? the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. well, it'sonce again.eason >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there

it's not a thesis. there's so many thesis out there and i spent decades writing them where i create narrative for the reader to argue with or absorb and in this case what i'm trying to do is build a template where you can have own exploration and come out on the other end, and change in global warming is embedded in the narrative and that felt to me, i'm tired of trying to convince people, there's actually an item in the book on science that emerged about ten years ago showing that it's normal for us to disagree about global warming. >> right. >> absolutely normal. actually rational. >> there's also research suggesting that's very difficult to change people's mind. >> right. why would i want to write another book that says you should be worried about global warming when i know it isn't going to change people? >> i would like to talk to both of you about that issue, what do you think the issue is and how we should change people's minds or shouldn't, let's go the charles, charles, tell us a little about t

. >> he wrote his senior thesis at william and mary we graduate in 1982 about jerry falwell and he talked about two types of religions one is a religion philosophy that calls people to moral imperatives and he tried act morally the best they can in an imperfect world, versus the exploitation a manipulation of religion which is what he said jerry falwell did and thought it was a fraudulent exploitation of religion. he sided himself in the other direction and i think you can see almost from his college thesis the growing split within the republican party. those who would basically say and do anything just to win, two other team on top, those who did want to appear to a moral fashion idea of the rule of law. >> you saying only republicans going out and fight, fight like hell to win. please don't do that. there are a lot of really good republicans and the democrats who are out there and doing an honest job. let's not cast a dispersion. >> i agree with that. talk about the conflict comey's it's a between what he saw as an old-fashioned kind of republican principle and what he described as the

wasn't something meant to be totally bell coals and expressing the desire -- bellicose and expressing thesi a betterment of relations and not trying to me th some sort of ill lit active oar figurative declaration of war on either russia or iran. >> thank you very much. steve herman joining us from washington on this breaking news story, which is that president trump has authorized airtrikes on sire -- syria in conjunction with the united kingdom and france. this was done in reaction to th chemical weapons attack carried out by the syrian regime on the dascus suburb of douma whichen ha on sunday night and early monday morning and there ssions over the past few days about what to do in response. president trum tweeted a reaction, talking about smart bombs, i believe i one of his tweets and saying that this attack that the syrian government c out on its people was an escalation compared to what happened last year when there was a sarin gas attack and president trump also reacted with, he said, 5 mitchell strikes that destroyed a significant portion of the en syrian gover that's the latest here

i will mention my thesis or 1987. scary to think about. for the first 20 or so years of that, i was doing that in the ivory tower of a research community. here is a system, a variant, and improvement -- an improvement. i wonder why no one is using these systems? in the past 5-10 years, that it is absolutely essential to be working with the election official community. they were able to tell me quickly, those things you are going to do ain't going to fly. it is working with that community that allows us to make progress. this is one of the reasons i was so optimistic for quite a while about star-vote, because it originated from austin, from the travis county election officials. they wanted to sit down with researchers to figure out what was best. i think we came up with something great. we just cannot get it dealt. prof. halderman: i would -- prof. shacham: i would say, for all the challenges, there have been successes. we had voting officials earlier today who have been quite active in talking with security researchers. debra bowen, as cal

i think the thesis add the beginning of the year is we were going to see higher rates and banks would benefit from that. well, we have seen higher volatility, and banks can benefit from that as well in the sense of trading revenue and they delivered markets are concerned about the sustainability of that delivery. that's what wilfred said >> that's exactly right. >> it is and i think if you think the fundamental thesis remains intact, which is economic momentum is going to pick up and you're probably going to see a natural rise in rates, people are going to start to believe in the financials again that's why we're overweight. >> i hear you, but it's going to take a more sustainable rise in rates. growth is going to reach the levels many are assuming it does >> yes and no. >> we talked yesterday, lumber prices, all-time highs you're talking about housing pete came on with us yesterday you had unusual activity because of the housing demand. you mentioned before, csx. csx is up 6% a great quarter. it's a sign of the economic strength so there is economic strength. >> the rise in lumber pr

i think what's wrong with the premise, the investment thesis about this is, every time they sell off a division, somebody out there is making a decision that they have free cash flow that they can redeploy into a better yield opportunity not so every dollar is going to have to go to retire debt or reduce pension liability. not some of it, all of it. so what's going to happen -- otherwise, rating agencies go ballistic on the debt, which causes chaos for the remaining case flow. that's assuming they make 50 cents. this stock is going somewhere between $8 and $10 even there, it will still be expensive. i don't know when, but that's where it's going this should be a private equity turn around. everything should be scraped clean, brand new management, start from scratch, and divest, because every time you chop it up, it gets indexed down it gets smaller and smaller and smaller. >> on the question of divesting, what if some of their assets are worth more, perhaps even much more, than the street is giving credit for >> you're an optimist. that's worth $8. let's go for it. you have medical a

it is more of a technical analysis that's supporting his thesis there than a fundamental trade like he had in years past like last year when he urged investors going long in the market and short on the s&p and etfs this time is a little bit more on the technical side of things. >> all right, leslie picker is joining us from the sohn conference you can hear more from palihapitiya on "closing bell" at 3:00 p.m. eastern today >>> let's get back to the stock market rick santelli is tracking the action at the c.m.e. group >> i have never seen so many traders scrutinizing and dividing multiple of basis points we stack today on top of friday's range and coming close to 3%. you want to look at some year to date charts, it is enlightening. you see our 10-yr and we took out of the 2.95 high yield look at europe, and bund today of a big move. yields at 1.53 what do they all share in common there seems to be this funnel and it is slowly disappearing and certainly seems to have an effect we can talk about inflation and break evens and we can talk about the dollar index, two days up a penny in two d

they echo the comments they've made in the past, and that's basically been the bull thesis behind the story here. nothing has changed fundamentally, in my opinion does it change the surrounding of earnings? i don't think it's changed at all. >> the only thing that's changed if you want to cast al little bi of a cloud, you look at jp morgan, book value is supposed to be north of $68 it wasn't. wells fargo, book value actually went down last quarter i'm not saying it's a huge warning sign, but it's something to watch that said, i think the multiple of book value is somewhere between 1.6 and 1.9 and we're not there yet. >> in terms of earnings next week, which ones are you watching most closely? >> i think netflix is very important because i think it's been the highest flying stock, and i just talked about this in "closing bell. i'm actually surprised that netflix performed so well even in those downdrafts if you think about where it's come from in a world where a lot of this stuff has remained defensive and it's about hold it until that character is broken, i think netflix is very impor

especially when a secular thesis has been weighing them down. think they have been given new life. >> retail is interesting early data suggests that march is a good month. considering the weather that's bullish. that's why we've seen off performance within retail. >> dan empties ott his closet every quarter. cleans it out and gives it to retail. >> it's down 10%. >> with all the stocks hitting new low how does a investor go bottom fishing guy adami, over to the plasma for the more you know. >> that's the more you know music. i'm sure you will say something about bottom fishing how do you know when to go bottom fishing let's play our home game here, shall we new lows on four to five times normal volume. what does that mean? in my world in a means you have seen capitulation. if the your stock makes a 52 week low or multiyear low on four or five times normal volume maybe everybody has said no more, enough, i can't take it anymore. that's a tell. outperforms on a negative tape we saw that renl in red hat a couple weeks ago the stock hasn't trade par

russia was supposed to guarantee that assad wouldn't use chemical weapons, and russia did thesi op. jane: in his new book, formeror fbi direct james comey calls the president unethical ander unteth from the truth. mr. trump says comey is a slimeball. and this all-woman team is getting ready to trek to the north pole. but where they come from will help build bridg. jane:elcome to our viewers on public television in america and around the world. a new cold war is back with a vee, according to the u.n. secretary-general today. he warned that tensions over syria could lead the world to ll-blown military escalation. russia claims it has irrefutable evidence that an allegedem al attack in syria was staged as part of an anti-russia campaign. the u.s., u.k., and france are still considering a possible military response. or diplomatic correspondent james robbins star coverage. james: douma's firmly back under syrian government control. this is the ruined town where it is alleg president assad's forces used chemical weapons a week ago. these are the pictures of childrennd babies in the desper

my thesis is race almost going to has been -- that it can swing open and it can swing closed. we tend to bounce off of race to get onto other topics and lose the wonder of it. the new -- it is potential across racial barriers. we are in another time of stirring. women of color and dreamers and and blackof color lives matter people and high schools, students, upset by the culture of guns, to try and influence us the way kids did in birmingham in 1963. it is kind of like the 1960's. when other people were saying it , citizens were break fruit -- a breakthrough from the start because there are certain elements of human nature that are so stubborn that words alone are not enough. three areas i think are worthwhile for debate and signal posts and whether or not the stirring of age can't coalesce. the civil rights movement has opened freedom skate for a lot of other people. couldn't go to the university of north carolina if i were there. we are trapped in cynicism because i think we are all succumbed to the anti-, to the cynical politics that resented the politics that produced the

they pioneered the neutral rate thesis.nd the world and he's not a banker. once the reaction so far? powell wanted a strong monetary economist and advisor. he praises john williams for his insight. they worked together for five years. howell on the board of governors , they know each other very well. janet yellen replaced him and became fed chair, a woman, by the way. she strongly supports john williams. this election is controversial. he is a white male at a time when people say we need women, when he people of color, we need more diversity within the federal reserve. no financial market experience. john williams is in favor of three or four interest rate hikes a year. this is the part about policy. this makes him more of a centrist. advisor, vice chair. he will be that much more influential. yvonne: we have been digesting not just this tech selloff, but the treasury yield writing just a bit. does john liam's mean the fed vice chair mean much when it comes to fed policy? it doesn't at or do track anything to the debate rig

i think it's important to distinguish between kind of the week emerging democratic majority thesis and some of the stronger versions you see in some of the popular press that just make it seem like this is a done deal. i think some of the issues worth raising with the hispanic vote, some of this was covered in the last panel, but what happens is the hispanic vote increasingly shifts to a native born population as you get more intermarriage, more conversions to protestantism, which does happen a few generations in. does the hispanic vote stay salient in the way it is today, or does it turn out like being italian-american sort of is for me? for my grandparents, that was it. that was their identity. for my mothering that's sort of her identity. for me, that's the side of the family i'm closest to. but i don't particularly identify. my kids have no clue that they're an eighth italian. and we forget that in like 1985, part of why justice scalia gets appointed is because the italian vote is incredibly important to what was then the swing state of new york. these things can shift in very shor

humam so many years ago back in one thousand nine hundred ninety nine i was inspired when i did my thesis in syria and surface i'm an islamic activists and and back then i was i had visioned a mosque with female in my mom's leaving the prayer actually for both men and women because i always pray together men and women so it's very natural. i was always. i was always working against the segregation within different spheres so when i started the mosque we recruited it. other people for our team for the group and like any group like any community you have to vote and it's a democracy and the majority of the committee they voted for a women's mosque only so i had to accept that and i think now when i look back on the really happy about the decision because i realize that having a mosque with women or female in monthly at the prayer for only women it's not controversial at all so we're actually able to do.