ashley webster ashley: president trump's economic advisor, larry kudlow says a possible meeting between president trump and president xi of china is under discussion. hello, everybody, i'm ashley webster, in for trish regan today. welcome, everyone, to "the intelligence report. president trump criticizing the federal reserve for a third straight day. he is on a roll. president says the fed is well, out of control and too aggressive on interest rate hikes. he is blaming the fed for market selloff. is the president partially right? is the fed being too aggressive. >>> hurricane michael, now a tropical storm continues to batter the region. the powerful storm being blamed for at least two deaths. we're going live to panama city florida, look at that video. down to kristina partsinevelos on the floor of new york stock exchange. kristina, there is a twitchy feeling in the equity markets, not for the faint of heart i would say. >> definitely a roller-coaster type of day. people were buying on the dips. we're now back down. show you intraday movements. s&p 500 potentially on sixth closing day i

we're just off the lows of the session and now we're down ashley webster is on the floor of the new york stock exchange, with the cross currents here ash ashley: it's amazing liz this whole day began with concerns again about italian debt, italian banks, the european markets were falling oh, my gosh here we go again and here we go again on the records, you just said it, liz if we're up more than about 93 points or the dow would be closed that indeed will be the 102nd record close, 14th of the year want to check the s&p and the s&p has to finish just above 2930 for yet another record close and we're right at 2,924, and we could just get out another record there that would be the 20th record close of 201t doesn't matter what those cross currents are, liz, it seems more money continues to come into the market a little bit, i think, of the afterglow of the canadian trade deal following through today i think that's helping as well. liz: compile it with yesterday's gains on the dow of 300 points already and somebody already asked me you have your dow 27,000? oh, my gosh. i better talk to peter

ashley webster with the numbers. ashley. >> t-mobile calling best financials in forever and strong customer growth. earnings per share coming in at 93 cents. that is better than the estimate as you can see of 85 cents. revenue at 10.8 billion, that beat estimates. that is up 8%. service revenue up 6%, but i want to talk about very quickly the customer growth, 1.6 million total net additions t-mobile. that is the 22nd consecutive quarter with more than one million net additions. after hours up 3 1/2%. very strong results from t-mobile. connell: those look good. melissa: good stuff, ashley, thank you. connell: get instant reaction to that number now. "first on fox" interview. the president of t-mobile is here, mike seifert. anytime you can say, sir you have your best financials ever obviously that is good. your stock is reacting with a positive after-hours move as ashley says. you're smiling. let me start with the customer growth figures. you come in at 1.6 million on the customer growth figure. what can you tell us ab

ashley webster ashley: president trump's economic advisor, larry kudlow says a possible meeting betweentrump and president xi of china is under discussion. hello, everybody, i'm ashley webster, in for trish regan today. welcome, everyone, to

ashley webster on the floor with the latest. hley. >> the dow jones industrial average hitting another all-time high, recording its 14th record close of this year alone. the dow gaining 122 points with 773. the s&p fell off the pace a little bit in the late going, just slightly lower. the nasdaq finishing down about half of a percent. i want to talk about amazon. they made the news today announcing they will raise the minimum wage for older workers to $15 an hour. seasonal workers, temporary workers are beginning $15 an hour. also bernie sanders. it's going to hurt the bottom line of the amazon. 1.5% doubt made 871. also wanted to mention apple. another record close for apple finishing at $229.28. what a run and has been for that tech company as well. that's the latest in the stock exchange. back to you. elizabeth: president of i'm endorsing a socialist candidate. congressional candidate in a new wave of midterm endorsement. obama says he is for her. a guest who says her ideas are really, really bad for the country. also talk abo

they've also got swan street part air and ashley webster at the nyse.what is the new down there? are they getting word this sort of thing never goes just when they think they're out of the woods, boom, it happens again. >> if someone says they can tell you it's going to have next airline. a low of 548 points on the dow. since then we've managed to stop the bleeding a little bit. still down 300 points. we started day with worries about china that the ability of chinese authorities to actually help the economy and as you mention we got 3m, caterpillar. the earliest report gave weaker guidance a disaster. not a good time. caterpillar did read on earnings and revenue and basically a guidance pretty much where it was three months ago. they started talking about extra costs related to those tariffs. it was almost like that. were now struggling because of the tariffs and that the trade tensions with china is doing enough to the races on the downside. i should mention we have brought on midmorning because we got news out of europe the italian budget was thrown

ashley webster live on the floor of the new york stock exchange. ashley? >> what selloff, charles? the low 548 points mid-morning. someone is buying something. interesting i just see the financials turn around. i want to talk about oil, i went off path there a little bit. oil closing at a go-month low. why? ininventoryrys gained four weeks in a row. there is concern about the global economy which means less demand on oil supplies, that is why the supply it seven, the inventory is growing. as you mentioned saudi arabia, the energy minister saying we will take a responsible role in the energy markets, let's not forget iranian sanctions own oil kick in next month. saudi arabia says they will open up the spigots to keep the energy markets stable. that all in bottomed line pushed the price of crude at least for now down 4.22% to a 2-month low. that is the story on crude. we do have big losers today. we have talked about it this morning. talk about it into the around. caterpillar, 3m had earnings report. caterpillar was pretty good to charles's point. the guidance perhaps disappointing a

i'm ashley webster. i'm in for trish regan. welcome to "the intelligence report." president is hosting a swearing-in ceremony for justice brett kavanaugh, tomorrow, the latest member of the high court will report for his day on the job but the confirmation fight is far from over maybe. democrats vowing to take control of the house and senate and impeach justice kavanaugh. how would this all play out in the midterms, 29 days away? we are on it. also a bit of a wild day on wall street this columbus day. the dow jones average down over 200 points earlier today. now we've come back and are in the plus column. we're up just six points. it has been an interesting session. we'll have more on that straight ahead. first, to blake burman from the white house for the very latest on future of deputy attorney general rod rosenstein who was on the plane with the president going down to orlando, isn't that right, make? reporter: yep, rod rosenstein was there on air force one. we're told, ashley the two ended up meeting 30 minutes or so the two, being the deputy ag and president t

ashley webster at the new york stock exchange. tell us about the trade. >> it is interesting day. still after glow from trade deal with canada. forget about the italian debt. we've seen money come out of small caps. russell 2000 came down. multinational stocks, big dow stocks gain. up 125. you're absolutely right. 102nd record close since election day. it is 85th record under president donald trump on the dow. the s&p not quite hitting record mark. nasdaq also down about half a percent on the day. so a little bit of a mixed bag. we'll look at individual stocks. amazon let's begin there. they announced they are raising the minimal wage 15 bucks an hour starting next month. it will cover 250,000 u.s. employees. as you can see it is being praised as a move but in fact it will hit the bottom line. you see amazon down 33 bucks. apple, meanwhile that is a record close. 229.28. they needed to finish at 22bucks. so another record high for apple. microsoft needed to gain any ground for a record. didn't quite make it. intel the big chipmaker, carrying on news from last friday that business

let's bring in ashley webster. on the floor of the new york stock exchange with more. 15 bucks an hour. i don't know. >> jeff bezos saying we listened to our critics and decided we wanted to lead. they kind of got ahead on this issue. they were under pressure from bernie sanders to name one to raise minimum wage. 15 bucks an hour. it will hurt the bottom line. you saw the stocks down 20 bucks at 1983 but a lot of people out there saying probably a good move by amazon. it is going to hurt the bottom line. they are getting kudos nevertheless. cheryl, we're looking at another record. we started the day with people fretting about italian debt and italian banks. forget about it. the dow is up 149 points f we close up 192 points we'll have another record close, 86th since election day. if we finish 2930 on s&p, that would be another record. nasdaq lagging slightly behind. amazon certainly one of those pulling it down. overall the markets today pretty bullish. why is it bullish today? i think there is a bit of a sigh of r

ashley webster on floor of new york stock exchange. what a crazy day, ash. >> it has, but by comparison not that crazy. we're down only half a percent on the dow. we were seeing the 10-year treasury yield putting the cat over the pigeons last several trading days but since edged down a bit. look at intraday, you're right, up and down but maybe not as dramatically as we've seen in recent trading sessions. right now the 10-year treasury yield at 3.22%. the volatility index, keeping an eye on that compared to what it has been in the past, it is 16 now. up about half a percent today. so not that volatile. what is going on here? there are four things making these equities stumble a little bit in the month of october. first we have the rising bond yields. maybe not so much the level the 10-year is reaching but the speed in which it to the there. it's a little unsettling for investors. we have uncertainty over trade policy. of course with china and also with the eu. we have concerns over global growth as concerns that a lot of international m

now let's get to the markets and check your money the three major indices ending the day mixed, ashley webster on the floor of the new york stock exchange with the latest. ashley: well liz it was one of those days where the markets seem to run 100 miles but only gain about a mile. lots of up and down throughout the day but in the end the dow finished down about 56 points, closing at 26, 460, the nasdac up a little and s&p also finish ing down by about 4 points it was one of those sessions where we saw the big cap tech stocks to come back after a number of days of selling most of the big tech stocks are gaining today including microsoft and apple who both gained more than 1% and the airlines took a bit of a hit today after american said higher fuel costs were going to really eat away at their profit and that brought down the rest of the spectrum and also mention talking of fuel a boost for u.s. corn farmers, and the trump adminitration allowing the year- long sale of gasoline that contains higher concentrations of ethanol, good news for u.s. corn farmers who produce that product especially as t

everything to do with cob fusion over earnings and the profits they ever making it are doing good: ashley websterere to explain the difference. what's going on? >> just know pleasing those investors, neil, i think is a bit of earning season anxiety right now. as you mentioned, listen, there is a colonel out there that earnings have peaked. revenue is slowing down and all the great profits we saw this year can note be represently cased this year. on top of that. concerns about rising interest rates. the ongoin ongoing china and u.. trade slow down and death of saudi journalist and repercussions of that weighing on the market in some form or fashion. bottom line though it is a little bit of earnings anxiety. october so far has been a bumpy month. get this: the dow is off nearly 4% this month. the s&p down 5%. the nasdaq despite some games today we all of this earnings have been pretty good. 82% of the s&p that has propertied so far has beaten earnings estimates. this could perhaps settle those therches or make them heard early. the companies reporting this week pick texas company am intron alphabet

before washington head to ashley webster, looks like he is feeling all right down on the floor of the new york stock exchange. it was a day that could make you a little nauseous back and forth, huh? >> it was a little manic. kind of a turnaround tuesday but went south again. the dow finishing down 126 points. nasdaq briefly came positive at 3:24. i made a note. but it went down again. what a strange day. losers on the dow, caterpillar among those was down anywhere seven to 8%. finished down 7 1/2%. its earnings report was booed good but guidance was a little week. melissa: president trump speaking to reporters at the white house. >> we may. that is being discussed right now. mike bolton is in russia talking about various things including the whole nuclear situation. we were not treated well for many years. should have been done a long time ago and i think something good could come out of that. i very well meet with, i think we probably will, it hasn't been set up yet but probably will be. reporter: settle some of the confusion over your comments what you mean when you say you're a nat

i will blame ashley webster for that. i can't take the credit. oil right now, though, is starting to look wiggly here, still down more than $2. i don't know if we can look at the u.s. dollar, we should mention the u.s. dollar hit a two-week low on all of this concern about stocks. hey, the peso was up 1%. we also saw the euro hit a peak. >> there you go. there's a glimmer of hope. liz: all right. charlie, stick around. tom, we have a lot to thank you for. thank you so much. meantime, with the closing bell ringing in 42 minutes, all rough roads yesterday led to rising rates. that much we know. and when you talk about rising rates causing the rout, all roads lead to the federal reserve and its chief. president trump piling on the blame, but two years ago when he was trying to win the oval office, he accused the fed of keeping rates too low. he said janet yellen is keeping them too low to protect president obama. today, you get to compare and contrast. listen. >> i think the fed is mistake. i think the fed has gone crazy. >> we have a fed that's doi

namely with shah gilani and shawn elizabeth macdonald and ashley webster start with shah a rough marketbout six, well said down about 1600 points subpoena is the worst over? >> for the time being yes. i don't think the worst is over for the rest of the year. i think we're going to peenging what happened in midterm bus really a big deal for market and talking about it earlier in the show. i'm cautious because this action has been very disturbing a lot of these companies are getting earnings have been pretty darn god and getting hit. earnings cool out anding to goes up and next day when stock is down they get ham turd that happen but sustain appreciation they've had. thoak not do it that tell me there's nervousness in the majority so i'm worried that that hasn't flushed itself out yet that being said there are bargains galore here. >> we'll get to them in a moment. quick update on the economy big report on jobs today. 227,000 new job created in the private sector that is really strong. michelle if that is the way the stock market is going does that point to higher stock market? >> i disag

liz claman and ashley webster altogether now. so obvious question has the storm passed? keith. you say? >> not quite. traders are still sorting out their or short-term vision. but longer term their earnings are going to drive this. >> okay not quite done yet. when it is done, where do we go? up? >> i think we have a sharp run into 2019. once traders get them out right now. [laughter] >> technical term. >> no are on that. >> what do you think sports fan is worst over brian? >> i think there's too much uncertainty with the fed here. these guys don't know what they're going to do in 2019 and investor don't know and getting worried on a weekly basis this does not end for a while. stuart: should i sell my microsoft. >> you're not going to -- >> i was reading note this morning traders upset with feds saying way too aggressive with with rates going up but tightening their balance so they're taking liquidity out of the system when they don't have consumer or wage inflation and no need for them to be as aggressive if you believe they're being aggressive as they are that's upsetting mark

connell is in for neil connell: you don't know you are risking your life getting inside of ashley webster's head. we're thinking charlie gasparino coming on the show doing something similar. we don't know how that will work out. up 300 points on the dow. if you're bullish, a great way to what close out a month. look at major averages i believe on the nasdaq. we're still here, with deirdre bolton on the new york stock exchange for us on track for the tech stocks with the worst month since back in '08. pretty god way to finish. what are you seeing down there? >> connell we, have our second day of green with tech stocks in particular from the nasdaq. from a month's view. it's a little less rosy. facebook trading higher. obviously mixed results. analysts seem pretty bullish on the long-term effect. yes, growth is slowing. we are prepared for that. it is natural, it would not have meetic rise. what's app, messenger, insta a growth areas for facebook. apple moving higher the stock or the company reporting earnings. that is tomorrow. amazon as well higher. talking about this month, you just refere

ashley webster is there with us in the studio to talk about, or to see you, ashley.ry in the sky really is someone that ran way out there. >> he's an antiestablishment candidate and now president in 155% of the vote. used social media to appeal to what is the largest country in south america and head for straight governments of the far left rulers in much like we were talking about this on the varney show earlier. go all the way back to brexit and to donald trump to pop his government in italy and now it is huge. argentina, paraguay and chile con to conservative leader. he wants to open up markets, reform the economy. very conservative values. connell: social issues and he has been anti-gay, a number of other things in the past. >> he has. connell: what about economics? brazil is an important country? >> it's a huge market and it is an underperforming economy because of restrictions but now here is a guy who believes opening up markets, less government intervention, less regulation. encouraging foreign investment. these are the kinds of things we like to hear in this

ashley webster always quite uncertain himself with the new york stock exchange and great market watcher jonathon also joins us here today. e by the way, ashley i was about to come to not again not again with with a late day selloff but now up 12, 113 again. >> another pep toe day, jonathon that is part of it. what do you make of the president i guess attack or he goes after the federal reserve time after time, and that versus other factors that are at play here. >> wells there's a lot of factors at play here. i heard earlier your show 43% of the s&p 500 is in a bare market. that makes it very difficult for the broader indices and i think one of the main reasons as you said we've seen this pattern day after day and this one specific market opens higher closes at or near lows of the day whether it is fed or tariff or weakness in bank stocks facebook after the bell a lot of headwind making this a very ugly day for stock. >> i wound per that is changing at all ashley tick by tick always tough. but whether today is the day or -- i mean, if you ask me i would say i don't think so. doesn't see

scott martin, john way to the field, susan lee and ashley webster. is this good news for the economy that rates are rising because the economy is strong or is it bad news for the market because rates are rising? which is it? >> that is a tough question. that is why you are so good. i think this will be a worse answer, it is good and bad. it is good because we need to get back towards a normal rate environment which is 4% on the 10 year treasury, given gdp is around 4%. it is bad news if this is a market but i believe was rallying at the beginning of the year on a lot of liquidity and that liquidity is ready to dry up and get more expensive to create capital, to borrow, things companies have been doing all these years with rates so low. it is good that rates are going up but they can't go up too fast because it could joke economic growth. ashley: it is a healthy economy, good and bad. us equities get more competition for a while because people who save money can get money back. stuart: i am going to call it a wishy-washy answer. >> it was. so lame. of

joining us, mike murphy, susan lee, ashley webster. amazon. they are giving a pay raise moving up to $15 an hour for 350,000 workers. it starts on november 1. >> i think it is great for the workers. as we talked about the program, there is a demand for workers right now. they have to pay up to get the workers. but watch quarterly earnings because it will have an impact on numbers. they are spending a lot more money. have great perks for employees already. by basically doubling minimum wage for employees, it will have a major impact. stuart: of course. but with threats and bernie sanders. jeff bezos being worth hundred $65 billion. >> yes. but remember, the company is priced based on profits, earnings. that will be affected by this. it will be interesting when the new quarter comes out. stuart: would you buy it? >> i still love amazon. i still believe it has 50 percent in the next two years. i am a continual buyer of amazon until further notice. >> really? stuart: i mean, i find it really a brave move. $2000 stock, we are going to keep buying i

joining us, scott martin, ashley webster, scott, to you.uch of a come back after a 600 point loss. are the glory days over? >> not much of a come back but it is early and there will be grief on the screen after yesterday. give the market some time. as we have seen in markets like these where they overshoot on the upside they tend to overshoot on the downside too. we may not get everything back from yesterday, give the market a couple days and we will see good retracement here. stuart: i want to put on screen the big tech names because they have been hammered lately. look at the screen. is any one stock on sale that you would by now? >> absolutely amazon. amazon earnings are out shortly and we watch those closely but look at amazon's business model, not just retail the cloud, online advertising, amazon prime is the gateway drug to massive internet spending, one of the best deals on the planet so to me amazon is the one if i were to say there's one on the shopping list, you absolutely have to have, that is the one. stuart: brian is a business

monday morning who is with me shah gilani jeff david and ashley webster.ming off that wild week. so shah gilani obvious question where do we go from here? >> i'm hopeful that we go higher. i'm hopeful that we have a bounce here friday was encouraging the way we closed with buy orders that came in at the close futures were down hard early this morning and they're r.o.v.ed now market is high per and flat in my opinion. i think if we have with a reasonably calm monday and tuesday i think market has a very good chance of going back and perhaps even making new highs again. but right now, we're not out of the woods. but so far so good this week. as we sit here right now i'm positive on market to put my money where my mouth is and i bought stocks on friday and buy more today. >> okay. that full disclosure and we like that. okay what do you say jeff i won't say anything about cold we are the on anything. go. >> still excited from the pending royal birth. [laughter] >> i feel like -- almost crying. look at that positive down one. and what had i -- what i think is t

who's with me jeff seeger scott martin elizabeth macdonald ashley webster.has been getting hammered scott back to you. will these techs this week after their earnings reports are they going to lead market all over again? >> they may. and they probably will. because they think numbers are going to be very good but how long does it last stuart is the question because -- let's tick a note from a couple of my other favorite one adobe led the market for a day and a half and overnight in some cases say they fell off. so to me this is really important from not only are they going to lead market for next day or two but also the staying power that have rally based on how good numbers are. >> they don't you know if they don't hold up and some kind of retreat for techs after earnings reports scott, you think that the whole market comes down? j well it's just a bad sign. in the case of netflix and to go back to two which we own by the way, that's a bad sign when you have good numbers and guidance out of those two names and they can't hold bid so to me if that whats with

jack how, ashley webster, liz mcdonald, shah gilani.e have seen strong profits up 25% year-over-year but not today. will then drag the whole market down? >> i think it probably will. what is disturbing to me as we have seen big numbers come out, some of the stocks pop very nicely and they can't hold or gain so the market is bringing it back down. generally i would like to see these stocks hold up on the upside. the opposite is happening. stuart: some of these earnings reports are not what we were expecting. >> we have some statistical evidence building. that is not what the numbers are showing. the spread is tight between companies that beat earnings and miss earnings, this selling is not related to earnings. it is broad concern over the direction of the stock worker. ashley: the psyche of the stock market, people looking for clues with regard to china. we saw with caterpillar who had a terrific earnings report but because they talked about tariffs and added costs, that was enough to turn the market and turn the market. stuart: these ar

joining us dr barton suzanne and ashley webster.ou've got to start with big tech like a broken record but you have to start with them. brits plan to open a digital tax on our american technology companies. jack, i say this is bad for business, it is bad for the tech and that's why they're down again what do you say? >> like a new yorker get ation speeding ticket in south carolina they can use the money and hey and if you complain you're a new yorker it is south carolina. top five tech companies generate about 200 billion a year in free cash flow. well that's ire resist to believe europe because they don't are have companies like these these are so powerful with their network effect and look for every country to stick their hands in pockets of america tech giants. not just europe but asia also want to get into the game latin america, i think there's -- there is fair is fair to be able to get the right amount of revenue for their country. but there's looking to be some double tackization here and i think commerce secretary ross and ot

shah gilani is here ashley webster both here as well.the trade deal with canada and mexico that has stocks rallying this morning. shah gilani you've been calling this one. go ahead take a victory lap. >> listen, this is what i think the market was hoping for and they've gotten it whether or not the trade deal as it is on table right now can get through congress it remains to be seen but right now market love the fact that this perhaps is a template for further deals we have a deal with south korea. welfare a pending deal hopefully with china if that is a template for that then market has higher to go. that is what they're viewing this morning and that is why we have a lot of green on the screen. >> do you look at at market in a more positive fashion with trade things? >> i think the trade situation is improved. but here's the looming threat, it is china. hopefully -- canada and mexico coming to the table will force china to come to the table. i'm not as optimistic about a lot of people i think china is going to stick to their guns. i do

joining us now, keith fitz gerald, liz macdonald and ashley webster. we've got to start with sears.an icon, of course. the company goes back to 886 -- 1886, actually started selling watch of all things. keith, is it a cautionary tale for retail, a cautionary tale that you don't need antitrust legislation, that hedge fund managers shouldn't try to run retail scores? [laughter] >> do i get, d, all of the above, charles? [laughter] this, to me, is modern day piracy. eddie lampert has stripped the company, this is right out of gordon gekko's playbook, and i think it's a crying shame because you're taking a once-iconic, very proud american brand upon which millions of consumers depended, and it's going to vanish. charles: what'd he do? >> what he didn't do is modernize the stores. they still have, i think, over 900 stores. they should have immediately when he merged kmart and sears, he should have cut the footprint down. he saw the advent of amazon and what was happening online and didn't modernize the stores, they didn't go online, do any of the things they should have done. there's a l

joining us now, brian brenberg, greg valliere, macdonald, ashley webster. how much worse do you think it could get before we turn around? >> probably you're going to hit bottom in the next couple of days. we're coming into earnings season. the economy's growing by 4%. i think earnings are going to engineer a turn around. charles: are you concerned though, was we know the -- because we know the expectations are phenomenal, but guidance, are you wared that companies -- worried that companies are going to say my costs are increasing, it's going to be impossible to match next year, guidance could be something we should be worried about? >> yeah, wildcards. to a lesser extent, trade wars. but i suppose that would be a problem. but again, i think there's so much stimulus in the pipeline, monetary and fiscal, that economic growth will continue to surprise to upside. charles: brian? >> well, look, this isn't about the economy, this is about jerome powell. this is about the fed. the markets are not reacting to economic news and what it means for people's paychecks,

barton, susan li and ashley webster, all of us together.y asked the question why are we down. i have already asked the question, is this a buying opportunity. mike murphy says yes, it is. so would you buy those big techs now? >> i would absolutely buy them. i think amazon's quarter is going to be awesome. we bought amazon at $1700 and change about a week ago. but the market is the only place in the world where price of something you want to own gets cheaper and people get scared. if the price is cheaper, that's when you want to be buying. you don't say oh, now i want to sell. if you wanted to buy a car and it was 20% off you would say i'm definitely buying the car. if you like these growth stories, if you have been sitting here going do i buy amazon at $2,000, maybe it's overvalued, now you get it at $1700, that's when you start buying. stuart: you bought it on the expectation that amazon bounces straight back up again. >> i think amazon is where i'm finding growth. i want to be in amazon. i think their quarter will be phenomenal. it will b

shah gilani ashley webster now dow is coming off that 500 point surge best day since march.lle, does this rally keep going? >> absolutely stuart, and not only do i think it is because was strong earnings that we're going to see about 26% year over year increases we should see for quarter there's. but also just because we have one bad week in the markets does not change the strong economic footing that this country is on. so any type of pull b.c. right now is opportunity. >> strong economic footing what we're at the white house to discuss. i also want to talk about netflix blowout numbers. the stock is up this morning. shah gilani after this gain is too expensive for you to buy? >> too much for me today stewart i'm looking to buy it and gone above my level that i wanted to get in it so may come down a little bit you own it has more to go. but this market has moved a little bit too fast on the the bounce side of thing and i think pull back a little bit but i do think it has a lot further to go in upside. >> okay. tesla chief elon musk is going to buy 20 million dollar worth of

joining us now mike murphy, susan lee, ashley webster and we will back up to rates are up, stocks arethis continue? >> i think we will grow out of this very quickly in the marke markets. you and i both know that if the economy is going the strong doing this while an extra ten basis points will not matter in general. the money has gone defensive over the past week and a half enough been what has been driving this. i don't see it left a long. charles: here's the thing, people know history. is it that it's moving up fast, is that the pace of the rise it can be 3% yield. >> no, it's not. it's what people are focusing on all the market is having a temporary holding pattern. charles: [inaudible] >> it simply that is not going up in a straight line forever. we had this when we first crossed the present earlier this year but the point to do will not scare anybody out of equities. charles: when we had this in february it was more of an indictment or? and i think we've heard from them enough to understand he's on the side of the economy investing. >> absolutely. as long as the underlying fundam