joining me now is the bahnsen group managing partner and cio, david bahnsen.comments from jamie dimon. he has not been this bearish on the market until those comments were made. ing your reaction. >> well, i think jamie has done a very good job for the last couple years of pointing out various tail risks meaning extreme things could happen that they always want to prepare for. one doesn't have to look any if further than how jpmorgan is deploying capital to see that they don't believe it's the most likely scenario, that we're going to have a hard a landing. their being -- they're being very opportune u.s.ic. their own allocate models are still invested 60% in equity, so i think preparing for certain things at any point that could go wrong is always prudent x. yet the sort of baseline expectations right now has still been reasonably solid is. cheryl: but the question still remains if we're going to get a rate cut this year. and you've now got some saying that they predict a rate hike which is the complete opposite of where we started 2024. and then you add to t

maria: great to get your insights, good to see you, david bahnsen joining us.we'll be right back. [introspective music] recipes. recipes that are more than their ingredients. ♪ [smoke alarm] recipes written by hand and lost to time... can now be analyzed and restored using the power of dell ai. preserving memories and helping to write new ones. ♪ are you keeping as much of your investment gains as possible? high taxes can erode returns quickly. at creative planning, your portfolio is managed in a tax-efficient manner. it's what you keep that really matters. book your free meeting today at creativeplanning.com. life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize the awkward. it's totally worth it. her uncle's unhappy. i'm sensing an underlying issu

let's see what kind of interpretation david bahnsen can throw on this. you with explain why this jobs report, i think, has created that result, +if 500 on the dow? >> well, you can't have it both ways. if people believe that good jobs numbers means bad for stocks because of this absurd phillips curve idea, and what that means is everyone has jobs, it's inflationary, so the fed has to raise rates. it's untrue, it's stupid, but that's what's been baked in. the opposite has to be true, well, i guess if it's a disappointing jobs report, that's good news and easier financial policy. stuart: and you believe that. >> oh, i think they were going to cut rates anyways. all of this is looking for the excuse to do it. the fed is wanting to cut rates, we're just looking for data points to give them cover. stuart: stray right there, you're with me for the hour. >>> at the end of his day in court, donald trump delivered pizza to new york city firefighters. you've got to watch this. roll it. [applause] [cheers and applause] stuart: you know, they really liked him. [laug

covering the markets but this guy likes to dove into politics a little bit only his name is david bahnsen>> i'm not so sure i like to dove into politics i just can't help myself. >> your face and the start of the show is something to behold, what you make of the massive crowd in new jersey. >> donald trump does have a hard time getting a crowd and i don't think they can win new york or new jersey it would be a waste of resources when there are six states and six states total that will sway the selection arizona, nevada, wisconsin, pennsylvania, michigan in the think is a very good chance five if not six of the states he could lose four of them and lose the election they are close but i think the crowd shows those who like donald trump like him more than those who like joe biden the problem everybody only gets one vote. >> let's talk markets i love to hear your political comments, what is the direction of the market from here on out we have green this morning. >> please remember anybody who answers that question you should have on the show because they're a liar they have no idea i'm not e

i want to bring in bahnsen managing group director david bahnsen.ave a few things, acknowledgement the fed is done with rate hikes. we may not get cuts but this won't be any hikes. financial markets, liquidity, good fundamental backdrop for corporate profits. i guess the only thing i would wonder the cpi tomorrow if it was hot, how long can jay powell stave off the notion maybe they have to hike rates? >> they don't have to hike rates because the inflation numbers are not going higher this is all about the shelter number. it is all about the way they're measuring rents, which is a good 14 to 18 months behind real life. no web getting a new lease at a new apartment believes rent prices are up 6% over what they were a year ago. that deficiency in the fed number -- charles: wouldn't that depend where you live though? >> there is no market, look at national apartment list, look at zillow, realtor.com, there are six different real time metrics we use, all have anywhere from plus three to minus three. they're measuring at a plus six and 34% of cpi. i beli

lauren: we need to get bahnsen on this. they cut their dividend. it's now 70, it was $1.51.eir products and declining sales. separately, shareholders have voted down executive pay packages including that of their former ceo who is now the executive chairman. so they're holding executives accountable. stuart: and the stock is up. how about that? top the other end, defense stock northrop grumman, they just end increased their dividend -- lauren: and they're down by 10%. they increased it, and that's 2straight quarters of increasing the dividend -- 21 straight quarters. as part of that reported $1 is billion of ammunition going to israel, $700 million of that will be tank shells, and there are 3 u.s. companies that make them. northrop grumman is one of them. sost making the equipment that the idf uses in their battle tanks. stuart: and the stock is down. i want to know about a tesla. i know they're facing another lawsuit. lauren: every day i have 10 pieces of news to give you on tesla, and i will say i am personally frustrated. the latest is they are sued by an environmental no