economics, michelle meyer with those today.at you do with your money. he runs a fancy shop called intrinsic value equity team, also known as the courage team at ubs. how do you keep the courage to stay in the economics? >> the economics are pretty strong. there is a lot of fear but economy is strong. for investors waiting for the dip, they got the dip. tom: yields come down. you take the reciprocal and that is a pe multiple, and you rationalize pe multiple younsion and a value meal given all this noise? thomas: the u.s. value is over 50. tom: she is in the triple leverage growth. thomas: it is as almost -- almost as if they do not believe the interest rates. the discount rates are a big deal and i don't think people have adjusted. there are too many people my age, it is unreal. tom: we talked about the actuarial assumption of pension plans. it used to be 6%. what is it now, for percent? thomas: there bond component is below two. francine: good morning from london. what are people mispricing? if you look at some of the things in

i think there's a happy birthday in order michelle meyer just testified me it's your birthday, too, whichhought was a joke, but i guess it's not >> no. happy birthday to both of you. >> and to you, mark. >> that's crazy. >> many happy returns. there we go. if charlie is watching, to him as well. a regular guest. >>> 11 minutes left of trade of course, even though the dow is negative, well off the lows, down b589 y points down b589 y points up next, we've got your and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, last-chance trade, 11 minutes left on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. . >>> welcome back to "closing bell." eight minutes to the trade josh brown, what do you have for us >> you know i like these breakouts. i'm giving you one before it happens, but it looks pretty good itb, this is home construction index. it's not a huge etf, but it's got 55 holdings.

meyers. tonight -- michelle williams, musician noel gallagher, author tommy orange, featuring the 8g band withian dorio ♪ [ cheers and applause ladies and gentlemen, seth meyers. >> seth: good evening. i'm seth meyers. this is "late night. how's everybody doing tonight? [ cheers and applause that is wonderful to hear. in that case, let's get to the news senator bernie sanders' presidential campaign is offering the chance to win a limited edition pint of ice cream in exchange for providing personal information and agreeing to receive text updates. but before you get too excited, bernie picked the flavor [ laughter ] an ohio state representative facing criticism after writing a facebook post blaming the shooting in dayton on, quote, "the breakdown of the traditional american family, homosexual marriage, fatherlessness, violent video games, professional athletes who hate our flag and the national anthem, recreational marijuana, obama and democrats." [ laughter ] she's what's known in the republican party as a moderate [ laughter ] executives at instagram have announced that the app will be rename

meyers. tonight -- michelle williams, musician noel gallagher, author tommy orange, featuring the 8g band withl campaign is offering the chance to win a limited edition pint of ice cream in exchange for providing

michelle from new hampshire business -- thank you, lucas meyer, are you here? yep. from new hampshire young democrats. that was an awesome podcast the other night. he went to a trump ramally and tweeted out about it. so thank you all. in addition to helping put the forum together, these fellow nonprofits and activists have helped put the questions together that we're going to be putting to the various candidates. now, tonight, of course, we'll be speaking with two candidates, and i'll explain the program in just a moment. so what are we doing here? you know, you've shown up, but i think it's important to just remind ourselves, climate change climate change most far, we think, the important challenge that we face now and for future generations. many, many threats posed by climate change perhaps the greatest is the potential it production.t food we see this every day. our farmers, whether it's new rganisms, ticks, animals stressed under the high heat. drought conditions, colder cold. more intense storms, we're often seeing the most intense most ts and then the intense

csa.roger's farm, michelle from new hampshire social responsibility right here. thank you. lucas meyer, are you here? new hampshire young dems. that was an awesome podcast. he went to a truck rally and treated out about it. it was very interested -- trump rally and tweeted out about it. it was very interesting. roger stephenson from union of concerned scientists. thank you all. thank you all. in addition to helping put the forum together, these fellow nonprofits and activists have think it is important to remind ourselves climate change is by far we think the most important challenge we face now and for future generations. among the many threats posed by climate change, the potential for food production. we see this every day. our farmers whether it is new organizations -- new organisms, ticks, threats on the farm, drought conditions, hot, cold, intense storms, we are seeing the most intense droughts and storms in the same years. it is happening around the world but in the northeast, we feel our share of it. high heat days, and our farmers, many of them only grazing at night. they can'