. >> speaking of betters, earni let me turn you to earnings before i have to let you go and a numberf the earnings reports that we havee gotten hen pretty good. the economy seems to be firing on all cylinders, certainly. >> it is. the u.s. economy will continue to outpace others, ande ou will heary on and on that america will outperform,ut what you also saw today is that there are international headwind, that the global economy as a whole is getting trickier and that the u.s. will continue to register strg growth, but people have to also pay attention that the neighborhood is getting weaker. >> muhammad, thank you so much for spending time with us. muhammad alaran with allia . >> time to take a look at some of today's upgrades and bdowngrades. in tonight with walmart shares which were downgraded to hold from accumulate at gordon hafket. the analyst expects shares to be range bound for a while. price tshget at $92. es of the dow component fell a fraction to $87.90. that same analyst upgraded a target to accumulate from hol and the recent acceleration in store traffic at the retailer a

despite the trade war talk, the company feels comfortable with g the earnis guidance that they gave earlier in the year and that's a very bullish sign for stocks and one of the reasons the market has been moving up recently. the market has held up remarkably well, if you look at it. take monday, for instance, stocks surged in the absence of trade warheadline and the market's come to believe that cooler heads will prevail on global trade. they may bewrong, but that's what the market believes right now, but it goes beyond trade. the market is pricing in an awful lot of good news right now. so, for example, solid u.s. growth coupled withed m inflation has put the federal reserve in a very passive stance, and it should keep them fromy aggressiv raising interest rates beyond what it has already expected. second, growth over value is a big story in the market. traders believe that technology, the ultimate growth story will continue to outperrm. tech earnings are expected to grow 25% in the second quarter and that's a big deal and the main reason the market's up so much. third, higher commodity co

.>> we will have 20 earnis growth for q2.ned about the protectionist drift in washington, how it will affect the outlook for american companies? >> i'd say there's a few things the market's concerned about and why it's not doing better, that we think will get resolved positively over the next six to 12 months. one is the trade situation. that's creating uncertainty. the middle sil of the economy is confidence. the other is what the fed is going to do. i think most people i talk to think the fed's going to on auto pilot hike away until we cause a recession. we're not of that view. we think they pull back at some point and slow it down. >> what if we don't get the trade deal? the expectation is something will get worked out with the europeans but what if everyone keeps waiting. >> if it goes on forever? >> a much longer time than people -- >> i'm with john. i'm fascinated to watch that people kind of assume, other than you think that's what should happen, why do you think that's what's going to happen. >> president trump has a

host: earnie on the independent line, go ahead.aller: when we talk about denuclearization, we are not talking about one person. it is the whole people of north korea. libya,ountries like where the government stops all their military industry, a lot of people have become jobless. what happens to the soldiers and generals who know nothing except to fire a gun? what happens? do, theye guys basically overpower the government and go back to doing what they used to do, which is firing a gun. there is no industry that replaces them. host: so when it comes to them, these talks, and you are relating it to the people in north korea, what connection are you trying to make question mark -- trying to make? caller: people talk about just one person. it is not just one person who will decide. even if it is him, he will be overturned, because the life of the people that are working all ,he time for these industries they have a different kind of industry. well probably replace the government will probably replace the government, either drastically