and a bevy of other market related news is todd bubba horowitz chief strategist at bubba trading bubba it is a pleasure to have you great to be here what's up all right above a there avco i.p.o. as we said has been on again off again at the center of this is the giant 2 trillion dollar evaluation is this going to have to come down before the public offering and is this going to be a successful listing for the company at all you know it's really hard to say brian because you look at the overall package ever and they get really true data from them you know it's not like that they fall into the same laws as you fought here in the united states so i didn't actually get real live reporting i mean certainly they've got a great product they've got a profitable product and as long as there is going to be oil used it will be successful but again the real question is can we get legitimate data from them and will be actually what we can use and i think what they're really doing now is looking for where they can really price it so they're kind of going through their own price discovery to debate h

of euro pacific capital and todd bubba horowitz chief strategist above the trading so let's start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the global markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i.p.o. so what is the purpose of this anyways they don't need to raise any more money it's already the world's most profitable company and its previous goal of getting a rambo circulated and diversified outside of this region seems to be a moot point if now they're limiting it to the only domesticity best years so why go i.p.o. now. do we do we know they don't even want to i mean do we know there's a role for a little gumby in the world i mean i think a lot of questions and what the real details are and i'm not saying they're not i'm saying they're coming you're bringing this idea to market because maybe they want to have the billions of dollars to play with move. don't mind paying the 4.4 percent

the fed is pursuing these policies is because his presidency is that big a failure as obama's and bubba let me just get your last word on this because we're almost out of time but what are your thoughts on that because obviously connecting not only the fed to interest rates and and the printing of money but also to unemployment the fact that they have this dual mandate that really doesn't seem to be under their purview does that muddy the water even more. there are many as opposed to be for ever the fed is stayed away from what the real mandate is forever they they're worried about a number of things that don't make sense and are probably not totally legit is what they've done but they do in many ways because they do have congress but again one thing is to peter's point the overall the best investment last 100 years by the u.s. equity market you can say whatever you want about the bubble and they're going to collapse. but the best investment in 150 years is when the u.s. equity market continues to be the best and eventual so often break and will be time to maybe run somewhere else but f

company but will it fare better than the string of other hype the listing launches horror with the bubba trade enjoys the show today to drill into the details and hit on several other movers so so much to hit on and so little time can we get to it all there's only one way to find out let's dive right in. the united states and china are moving closer to a trade agreement this after a call between the top countries top negotiators global markets to record highs this giving hope the donald trump and she jumping will find a phase one deal later this month chinese eyes for merely you ha and u.s. trade representative robert light hisor and treasury secretary steven menuchin reach consensus on principles according to reuters the commerce ministry of china said the 2 sides conducted serious and constructive discussions on properly addressing their core concerns while the u.s. trade representative said the 2 sides made progress in a variety of areas and are in the process of resolving outstanding issue this comes as president donald trump was expected to meet with his chinese counterpart xi jinpi

day which we we actually mostly do but let's bring in our good friend horwitz chief strategist at bubba trading to join this conversation but thank you so much for being here let's start it off what do you make of polish comments regarding the current state of this economy. well i mean you know in my opinion pollers phrase of the clueless i mean the whole federal reserve should be abolished but let's get to what we have we have to deal with it so at the end of the day we've got higher rates which is fine now we're not creating more liquidity for love for borrowers the borrowers really have to go to outside sources where the banks are now buying those loans which are creating a lot of more bad debt but overall trying to traumas case right reg should come down because of what the russell rule is doing this is the manipulation of the central banks globally that are trying to force currency and rates down to 0 and of course we are basically borrowing that money is the fed if we pay and are buying our bonds guaranteed by the full faith the drudgery of the government so what they're doing is

. >> bubba gump shrimp is offering20 percent off, and olive garden is offering special prices on certainms. >>> and tonight at 11:00 in our series project home. 350,000 americans have lost their home insurance in the last few years due to the risk of wildfires, and even more people could be dropped by insurance companies. susie steimle talks to some to find insurance tonight at 11:00. >> thanks for ths evening news is up next. >> and luteour veterans today. good job. we'll be back on the kpix 5 news at 7:00 p.m. caio sponsored by cbs >> o'donnell: breaking news tonight, a winter weather alert. more than 220 million americans facing below-freezing temperatures. snowstorms, ice, and wind causing hazardous conditions, including at a busy airport where a passenger plane skidded off a runway. also breaking tonight, congress drops more testimony, revealing pentagon officials were caught off guard by the freezing of aid to ukraine. we're live from capitol hill. and new tonight, why former u.n. ambassador nikki haley says the president's top aides were trying to resist his wishes. you think his

and other market movers we are now joined by peter schiff the all of europe of a capital and todd bubba horowitz chief strategist about the trading so let's start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollar valuation is by artificially buffering it from the global markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i.p.o. so what is the purpose of this anyways they don't need to raise any more money it's already the world's most profitable company and its previous goal of getting a rambo circulated and diversified outside of this region seems to be a moot point if now they're limiting it to the only domestic investors so why go i.p.o. now. do we do we know they don't or don't want to i mean do we know there's a role for a little gumby in the world i mean i think a lot of questions and what the real details are now i'm not saying they're not i'm saying they're coming you're bringing this idea to market because maybe they want to have the the billion

democratic experience can survive when it's tied to greed at the top the scapegoating of the vulnerable on bubba leave a bull mendacity lies disregard of the law abuse of power and so forth and so on given that since we just have to get ready do hit the streets we got to go to jail brother so let's talk about the politicians on the democratic side who are trying to replace trump the democratic presidential field is the most diverse in u.s. history 2 black senators one of them a black woman a latino former cabinet secretary an asian american businessman the 1st american samoan elected to congress a gay man do you think this diversity has value that it matters or is it as some on the left suggest perhaps a little cynically a distraction from the issues of power and who will power. well certainly you know when you talk about diversity can't just talk about skin pigmentation or gender or sexual orientation you can have neo liberal politicians who have different calos different genders different sex sexual orientations but to still not diverse it ia logically you have to make a decision which ones ha

know where the hearings last week and then i turned over to see you know wall to wall coverage on bubba you know this is a blockbuster the walls are coming in and then oxygen is out of the room but no i want to say hearings they put me to sleep i'm sorry christopher go ahead go ahead chris no look i mean the at the end at the end of the day at the end of the day you know this isn't about like changing hearts and minds this is about reaffirming people's already existing world belief about donald trump but there's not a single republican or independent who you know is thinking about voting for top of voter fraud who's going to be moved by this impeachment same think there's nobody who's going to who voted against trump who hates trump who suddenly going to like him as a result of this impeachment we were at a stalemate here and again i think the professor's point about that congress sets these rules that's fine it's not a debate about whether or not congress can do what they're doing the question is should they be doing their. is this how they want impeachment to be used going forward bec

company but will it fare better than the string of other hype the listing launches horror with the bubba trading joins the show today to drill into the details they hit on several other movers so so much to hit on and so little time can we get to it all there's only one way to find out let's dive right in. the united states and china are moving closer to a trade agreement this after a call between the top countries top negotiators global markets to record highs this giving hope the donald trump and she joined ping will find a phase one deal later this month chinese advice for.

and that wouldn't be until it started come down certainly you don't want to try to pick that up with bubba speaking of unsustainability here despite the trade to the downside the market continues to grind higher like we're talking about but is this really due to trade optimism or is it more likely the fact that the fed and the e.c.b. they keep injecting these billions tens of billions of dollars in liquidity every single month which you know clearly is artificially boosting the market so how much longer can we sustain that. well that's where he got it either is or. is it from here peter i was for you but. go ahead get a yes as lays long as a mark and try remaining with free money as long as they continue to give it away your debts for the money's going to go right i mean you're going to go to get the highest return the lowest borrowing cost of the highest return and that does this the good issue is ridiculous ok because if you know negative rates and what they're doing it is totally off course and of course the fed you know the manipulated the dollar and manipulated the rates forever and t

margins good the numbers are going to be big now the question is will the profit margins be good and bubba's tell us right now spend money to pay for it later just like a government thought bubble horowitz thank you so much for joining us. not in this lifetime have a great holiday because thank you. china a $6000000000.00 tuesday in its biggest ever international sovereign bond sale doubling that of last year's issuance and helping to satiate the global investor demand for higher yielding dollar debt yields on china's 10 year u.s. dollar bonds are at 3.2 percent compared with the yields of the us 10 years which are returning less than 1.8 percent the finance ministry sold the bonds in 4 tranches as it took advantage of the cheapening costs of the market rally this year has driven global banja of the sharply lower. are significantly decreasing the cost of financing compared to last year this move also helped improve china's bond yield curve now on the trade front top negotiators from china and the u.s. held telephone conversation tuesday to discuss core concerns for the remaining matters and

. >> bubba is back and forth fueling a fire that start when hillary threat end to run during a starringsident trump on twit thurman. tweeting. -- twitter this month, tweeting, don't temp me. and dick morris. a blast from the past, told a new york radio show that hillary will definitely run, because she feels god put her on earth to do it. will the third time be her charm or will she be lucky to finish third -- okay. asking in serious way. if joe biden had bottom fallout, for some reason and they look at petepite, ipetepete buttigieg in opening. >> hillary clinton deserves to continue to be a part of to conversation, she won popular vote. she still very popular democratic base, she made history, as first woman to represent a major party as a nominee for president. >> okay. >> this idea of telling her to go away can crazy. >> we don't want her to go away. >> she will add value in helping democrats up any down ballot, including places that donald trump won in 16. >> i don't know if that logic works she was helpful. she could not get herself elected. >> someone who did democratic politics i

you see bubba gump, you get angry?ny: for me, it's chili's, because you see chili's along the mexican border. it's like what the -- ? i'm sorry, do we have a shortage of mexicans in this country. is there a shortage of good food? you're eating at chili's? i really want to pull up the car, get a tire iron and walk in and just straighten some people out. >> sean: clean house. "road house" style. >> anthony: "road house." vastly underrated film. >> bill: you guys are both into "road house"? >> anthony: such a great film. swayze. what else do you need to know? you can deconstruct this film forever. the more you watch it, the more mysteries unfold. >> bill: i've never seen anyone enjoy "road house" more than i do. >> sean: what? >> bill: my friend's wife, kelly lynch, plays the doctor that stitches up patrick swayze in the movie. >> sean: oh yeah, yeah. so hot. >> bill: she's the romantic interest, right? the unobtainable romantic interest. >> anthony: yes. >> bill: and i have for the last, i don't know, probably about 25 y

. ♪ to the hip, hip hip-hop you don't stop ♪ ♪ a rock it out bubba to the bang, bang boogie boobie ♪o crack the top 40. >> it changes everything. >> "rapper's delight" in 1979 opens the door to the last new american art form, which is hip-hop. ♪ hey. hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. >>> kick out the jams, mother [ bleep ]. >> detroit, 1969 is where punk was originally born. ♪ yeah, it's all right >> the motor city five and iggy and the stooges release two pioneering albums that indicate there's a new style of music coming back. it's a garage rock. it's minimalist. it's aggressive. it's loud and it's very often obnoxious. ♪ got to kick out the jams, yeah, kick out the jams ♪ ♪ got to kick 'em out >> punk rock was so f'ing scary to us because here we are with our big majestic songs. and here comes punk with their -- ♪ >> the ramones get started as a reaction of everything else that's going on. people see them and go this is t

we got ron gronkowski, tiki barber, bubba watson, paul pierce, greg norman involved in the area.bd product as well. kyle, thank you very much. we appreciate you helping us out here. a topic that won't go away. we appreciate your expertise. >> thank you very much. cannabis saved my life. i will continue to tell the story. charles: thanks. the first time ever federal prosecutors are charging saudis with deploying agents inside of the united states. coming up why they recruited twitter workers to spy on users. it is a record day for the stock market. all three major indices are all-time highs. we're starting to fade a little bit. a little bit of profit-taking. nevertheless we probably will see another day of record closes. so how do you play this? we have more. so stay with fox business to find out. where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. more exciting than than getting a lexus... giving one. this is unbelievable! >>it really is. the lexus december to rembembe

i think what is going to be interesting more than what happens with holy bubba is -- with alibaba iss this impressive number with singles' day, what does this do for the economy in the u.s. and what is going to happen in q4 as we move towards the shopping season here? are we going to see about a 25% jump? we should. or if we don't see as much of a jump, what that tells us is alibaba is really taking better advantage of their data than the retailers in the u.s. are. shery: all about that data and analytics. jeff: it is. shery: thank you so much for that. that was jeff greenfield joining us of c3 metrics. plenty more ahead. this is bloomberg. ♪ kurt: back to our coverage of goldman sachs making headlines over the weekend. bloomberg was first to report the wall street bank is being investigated for alleged discrimination over its apple card algorithm. social media postings in recent days by a tech entrepreneur and apple cofounder steve wozniak complaining about the unequal treatment of their wives ignited a firestorm that has engulfed the two giants of silicon valley and wall street. st

"hubba bubba." habeeboo! ha-bee-boo! all: habeeboo! hubba bubba is chewing gum.ince habeeboo... we will... i will make this happen. [phone rings] john ammer's office. i hope that atrium idea didn't take too long to configure, michael. oh, there'll be other junes in my life, sir. see that, uh, parking garage over there on 56th? yeah. watsuhita wants to knock it down and build a luxury hotel. you got the commission? not yet. i just need someone to come up with a design proposal. intrigued? [gasps] hell, yes. i'm fourth of july-ing with the kids this week. right when i get back, i'm all over it. great. have a great fourth of july with the kids. i'll put swardson on it. no, no. absolutely not. i-- can't it just wait three days? michael, these guys are japanese. they can't wait for their fish to cook. i guess i could talk to my wife. great! see you later for drinks at happy hour with prince "habadabee." okay. my son has a swim meet tonight that i have to get to... [exhales heavily] nah, i'm just messing with you. we're good. [♪] [crowd cheering and applauding] yeah, b

ahead of this big week, todd horowitz with us now, chief strategist at bubba trading.com.great to . we've been talking about the statistic that markets may make 100 new highs under president trump since he took office. i mean, this is an amazing bull run. are you bullish? are you bearish? >> good morning, deirdre. thank you, veterans. look, the markets want to go higher and there's no reason to think they're going to stop today. price continues to determine price and what you've got is a very lightly traded market that has no volume, no volatility, which only tells us that the grind up is going to continue. i would expect to see more new highs. i mean, you could see 105, 11 o0 new highs before the year is over many markets only want to go higher, that's shown by the lack of volume and volatility. today's selloff is just a little selloff. we just made record highs. there will be a bit of profit taking. deirdre: we talked about two things that can affect investor sentiment. one is u.s.-china trade relations and two is the fed. what if i say this, that it seems like u.s.-chin

in many business men or our bubba stars or if there are 2 saudi arabia is is because that's all we. call it is the idea is it because that's all we. call it is milking cows because saudi have money because so you have the oil that's why i milking cows because saudi have money because so you have the oil that's why i believe saudi will continue in its war on its primary against them and i believe saudi will continue in its war on its primary against them and there was a record 5 percent increase in oil prices on the day of the there was a record 5 percent increase in oil prices on the day of the hoofy retaliation on the around in saudi arabia when the retaliation on the around in saudi arabia when should we expect the next strikes on saudi oil facilities we expect the next strikes on saudi oil facilities to be honest but i can tell you if there will be an attack and honest but i can tell you if there will be an attack that's going to come it will be a huge and major attack and it could break that's going to come it will be a huge and major attack and it could break saudi because you

malaysia, claire, ichelle washington, paris, ndsay, and zoe, brooklyn walker, tracy, bubba iki, jordan, pebbles italy be-love slater, mario and may they rest in peace and power. today we remember still others not included in this list because their missing persons' reports and dead names after their deaths because the people closest to them refuse to recognize the truths. we remember those who died from illnesses fromve education and and transgender arch, victim of the criminal system. colleagues, the transgender community deserves to be seen and celebrated. however, due to this administration's policies which continue to neglect unfairly target and commit violence against them, this is not the case. however, so as not to define them by their trauma, i lift the rise to the community. i honor you my transgender friends to honor your truths for creating a beautiful and rich community and being role models as leaders of social change. listen to your needs and transgender lives every day and being your partner in last week i introduced the people's justice guarantee our elective right to l

allie bubba, record $38 billion worth of sales in 24 hours, that was single day the stock is at 186,raction. microsoft in record territory moving up again this morning, not much, not on my terms. it is up 5 cents. we will take it. 146 on microsoft. they are all together now. dr, the present speaks to the economic club and two and half hours time, he moves the market if he says anything on china trade. >> either way, this weekend he said things might not be going as fast as they like and he would only get the right deal for america, that cut the markets yesterday morning. if he gives any glimmer that things are going well and he will kind of amend that statement you bet markets will take a big jump. >> the white house advisor peter navarro says the dow will hit 30000 if we get usmca done. do you agree with that? >> i think you might be a little enthusiastic about that one because in the absence of a china trade deal, i think we have to do this deal, it's just not that big on the radar screen. it's not the market move that the china deal is. >> isn't it already built into the market sy