i'm becky quick along with andrew ross sorkin joe is off today our guest hope is barry knapp. good to see you. >> good to be here >> let's check out the equity futures. right now you will see green arrows across the board even as all of the major averages closed once again at new highs yesterday. it looks like right now dow futures are indicated up 60, nasdaq up by 34. and barry, looking at this, i mean it keeps pushing higher regardless of what happens in basically any of the news. yesterday it was helped by the retailers. >> i think that we're in another one of these periods like when we launched qe-2 or qe-3, even operation twist, where we just had a liquidity dynamics last time i was on we talked about earnings growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so we're this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. so if you think about when those rallies stalled out after qe-2, that was the point where everyone realized all that liquidity didn't real

cignarella, damian sassower, and barry cannot of -- and barry knapp of ironsides, thank you guys.t's time for first word news. here's viviana hurtado. pro trump kentucky governor matt bevin facing what a surprise loss. a blow to president trump's impeachment defense. ambassador to the eu gordon sondland says that there was a quid pro quo for aid for you quaint -- aid for ukraine. that undercuts assertions by the president and his allies. the u.s. impeachment committees releasing transcripts of song blend -- of sondland's testimony. vision fund billionaire ray "freesays on linkedin, money is essentially unavailable to those who don't have money and credit worthiness, which contributes to the rising wealth, opportunity, and political gap." global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. alix: thanks so much. a reminder if you have a bloomberg terminal, check out tv . you can watch us online, click on charts and graphics, and if you miss anything, go

i'm becky quick along with andrew ross sorkin joe is off today our guest hope is barry knapp.see you. >> good to be here >> let's check out the equity futures. right now you will see green arrows across the board even as all of the major averages closed once again at new highs yesterday. it looks like right now dow futures are indicated up 60, nasdaq up by 34. and barry, looking at this, i mean it keeps pushing higher regardless of what happens in basically any of the news. yesterday it was helped by the retailers. >> i think that we're in another one of these periods like when we launched qe-2 o

minimal impact on investment the one place there was some impact was in the intellectual property barry knappce work on that. but on the hard stuff, goods and the equipment, there's not much and the data reflected that. >> and look. there's a reason why this is the most unpopular tax cut in the history of american polling and that's because it's $2 trillion and just did not deliver the things they said it was going to deliver so i think it's very controversial. >> when you're - >> i don't want to go back to 35%. >> when you're looking at the reaction to this, and you see elizabeth warren raising now her proposed wealth tax to a point where you could have people giving all of their profit to the government plus some, is the overreaction on the left problematic for those who would challenge this kind of trump take on the economy? >> i mean, the wealth taxes of 6%, 8% like what bernie sanders said and well exceed the risk free rate of return i publicly said you will have big problems applying a tax that'sthat big because it exceeds 100% so you will have a ton of evasion w. that said, what did th