tom: mark mobius in london, with alan ruskin and dennis gartman with us as well. gh u.s. multinationals come up or individual stocks? dennis: i am going to leave the individual foreign stocks to men as genius as mr. mobius. when i use my own accounts, i am going to use etf's. it is far more rational to me to do that to take a big perspective on germany and asia. i will leave individual stocks to mr. mobius. tom: is it multinational, international proxy, or more than that? mark: i will go more expensive than that to a european etf. it makes more sense for me to do that. francine: ok. mark, this goes back to what you were saying about etf. how do you convince people to give you their money? is it street knowledge? the market has found itself pretty binary in the past few years. when does it change? mark: etf for thedominated market past 10 or so years am about we've reached the point, particularly among institutional investors, where they've had their fill of etf's and realize there's a need for more active managers to come in to add spice and active corporate govern

let's explore a little bit about the markets with dennis gartman who joins us live, editor, publisherthe gartman letter. good to see you, dennis. >> thanks, trish. thanks for having me on. trish: why were they so worried and why are they now worried? >> they should be worried. trish: forgive me, dennis. white house briefing happening live. let's listen in. >> jon? >> take a broader view on this, i know you can't talk about the details, but can i ask you when the president so often says things that turn out not to be true, when the president and the white house show what appears to be a blatant disregard for the truth, how are the american people to trust or believe what is said here or what is said by the president? >> we give the very best information that we have at the time. i do that every single day, will continue to do that every day i'm in this position. >> but the president, when the story first happened, said, came out that ty cobb would be leaving, emmett flood came in, president said fake news. not true. when he talked about the prisoners of north korea, said the previous a

joining me right now, publisher and editor of the gartman letter, dennis gartman.e been a little worried about this market. you haven't quite bought into the whole bullish scenario. how much are the tariffs going into effect midnight tonight affecting your thinking? >> a lot. in fact a great deal. i find it displaying we are reinstituting tariffs against two of our best allies. we're instituting tariffs against our best ally in the world, canada. our largest trading partner by multiple numbers compared to everybody else. we talk about the fact, that the american people any that these tariffs are going into effect on steel and aluminum to do something against china. when indeed 15 or 18% of the steel we get in the world comes from canada, far and away from any place else. we're talking about putting into trade protection against mexico in midst of the nafta negotiations only a month before we have an election. trish: i disagree with you. i think it is smart from a negotiating standpoint. in other words, now we have some leverage, dennis. we haven't had any leverage.

dennis gartman. case buying more later this hour. >>> the tax exodus, it is happening. leaving high-taxed blue states, going to the low-taxed red ones. congressman peter king, later this hour. can anything be done about that? we have lots to cover. you're watching the second hour of "varney & company". stuart: this tuesday morning we're down 200 points. we have a slight slowing of the economy reported at 10 eastern time. maybe that sent the market down a little bit. we're only down 196. >>> intel chipmaker, one of only two dow stocks? the green. up 1%. israel's government is paying into $300 million to expand manufacturing operations over there. >>> israel's prime minister benjamin netanyahu says iran violated the nuclear deal. iran's foreign minister responded saying the deal was no longer sustainable for iran. joining us walid phares, foreign policy and national security expert. welcome back. it sure looks like we, america are getting out of the iran nuke deal. what say you? >> we are probably cons

joining me the "gartman letter" and publisher, dennis gartman. dennis, good to see you.been wondering quite a while we haven't seen yields on 10-years, wondering about the health of the economy on the fundamental perspective, it is certainly improving. we have a fed that indicates it wants to keep moving. shouldn't we be at 3.1% or higher than? >> i think we should be a great deal higher than that trish. first of all, those of us at a certain day remember trading 10-year in the 1980s, when we had 8:00 percent coupon, the infamous 8s of '86 came and 8% went to discount that was 8% yield. i remember trading lon bond with 14.25% yield. the fact we've gone through the 3% on the 10-year is relatively inconsequential. can we get to 4% by the end. year? i think that is reasonable. can we get to 5% over course of next two years -- trish: because of jobs and earnings, et cetera? >> yes. overall fundamentals. trish: we should want that. >> the economy is doing very well. i made a speech last week in austin, texas, to the cotton shippers organization. their topic was they can't fin