i want to bring in gibbs wealth management president cio erin gibbs, capital ways strategist shah gilaniutious before the haywire began. we have had some scary days but the valuations are looking better and better overall, earnings last week again got better and better, the second quarter's going to end up being a really good quarter, particularly vis a vis expectations of doom and gloom. where do we go from here? >> so one, i say this next week again, i wouldn't take anything that happens over the last week in august too seriously, like with a massive grain of salt because it is lower trading volume and obviously, we are just sort of gyrating around off of these tweets. once we are in september, we are really looking at the rate cuts where everybody gets back to business. that's when you can really start focusing on what's going to happen for the last quarter of the year as well as next year. right now, one thing i think people really, really should look at is the valuations of some of the small cap indices, specifically the s&p 600 small cap. there's an i-shares etf that looks so cheap

possible if there are no for the changes in the region also with this is torture violence shows there gilani p.t.w. other desk who believes that once the curfew is lifted the situation in kashmir can boil over and lead to violence found a very warm welcome to 2 another 3 w's regional experts and shatila from a hindi desk edition argues that the process of economic. in the region cannot take place without including the local people and feeling very insecure all about their future. thank you all 3 for being here today wonderful another speaking if you issue a fundamental question why is kashmir so important to india . this is a report of a famous saying. a poem actually says if there's better days on earth it's here it's here it's here and that was written in the 13th century even the 21st century now but the emotion still remains the same so me more than just a territory is an emotion for both india and pakistan and since 947 we haven't left it it's an emotion in such a manner that if i talk about my generation we've grown up watching is obsolete essential to the indian identity it's essentia

jack hough is still with us, shah gilani, ashley and susan, of course. know, all right, your comment, jack, go for it. we are in a hell of a situation here. >> i might need to revise what i said about the possibility of reaching a new all-time yield by labor day. it could happen sooner than that. looking at all these negative bond yields, saying that's happening in europe, that's not going to spread here. yields here are already below the rate of inflation. people who are signing up for ten years at that yield, they are already saying i'm going to lose buying power over this next ten years and i know it and i'm willing to do that. stuart: would somebody please tell me why yields are tumbling like this all over the world? what's the basic reason for this? shah, can you tell me? >> the basic reason, stuart, is the anticipation of further cuts by central banks around the world. the problem we are seeing in terms of the lower and lower rates is for the most part on the surface, it's a trader's game. this isn't the public buying treasuries. this isn't the pub

here to talk about is josh marshal, danielle moody-mills and gilani cobbs.ve them a hand. [ applause ] let me first stipulate when -- it's bad for him psychologically when he's not the source of attention. that we know. politically, less attention paid on donald trump, is that good or bad for donald trump? >> it's good for country but it's bad for donald trump. donald trump has a fragile ego. when he is not in the press, he does his best to make news. >> politically. if you are looking -- if you were advising him as a political strategist and he was containable -- >> i was not a reality tv show producer. >> exactly. if it wasn't reality tv, if you are trying to get his approval rating up, is your advice, stay off the headlines or always be in the headlines? >> stay off of the headlines unless you are executing policy that is going to benefit the american people. when he is in the headlines, it's generally bad. >> i think there's actually pretty consistent polling data that trump, not that often, but he goes through periods of being relatively normal. right?

joining us, shah gilani, john lonski, ashley webster. first to john, the economist among us.s an inverted yield curve big-time, and the market's shrugging. why? >> it can afford to shrug for the time being. it's only when the inverted yield curve has been with us for several months that it becomes a sure-fire indicator of a recession within 18 months. the federal reserve has plenty of time and a lot of room given the containment of inflation expectations to cut interest rates by one half to three quarters of a percentage point by the end of this year. stuart: i think they should have a very quick cut and in the immediate future. what say you? >> i think you're exactly right. they could go down 50 basis points september 18th if the august employment report that comes out on september 6th is on the weak side. if we have 125,000 jobs or so created that month, then the fed has to cut by half a percentage point on september 18th. stuart: if we get a half percentage point cut by the fed, do we get a nice market rally? >> we gret a brief market rally but in the end, the market will

shah gilani is on the phone. shah, for many years, you were the bull on this program.d consistently buy more, buy more. the market's going up. you still saying that? >> i still am saying that, stuart, and i'm going to echo what you said earlier. i think part of what this reaction is, is the result of comments navarro made, basically saying the chinese are going to be forced to do something that they're not going to want to do, therefore, they're not going to do it. i think investors are looking at that as there's no imminent deal, no kind of deal on the table, and one is highly unlikely in the future. i think this is the reaction we are seeing right now. long term, this is an opportunity. where this settles out, who knows, maybe another week or two of this, could be shorter lived. we are only 6% off of the highs, so this is a normal reaction to the china news data flow. that's all it is at this juncture. stuart: what's wrong with those people who made some money in this wonderful market lightening up a bit, selling a little here, a little there? running for a little sa