about first the totality of it and nobody understands the process of mental breakdown other than mike murphy. mike, when you're looking at what the president saw coming out of his fingertips over the weekend, what did you think? >> i thought oh, here we are crazy times demand a crazy president. if this isn't nuts, i'm not a clinical expert, but if you were to go back in time and one day switch with this kind of presidential behavior in normal history, people would instantly thing he lost his grip. there are these spasms he has where he starts tweeting this crazy stuff. i'm not sure what the cause is but we have become so dulled to trump's madness, i don't know what it will take. do we have to run around for the aluminum foil hat? he's clearly under psychological duress. >> psychological dur ress, jonathan lemire. you cover the president on a regular basis. this is not the first time the president has gone on a crazy twitter tweet storm. we see these things as mike said regularly, number one. number two, it's not the first time people questioned his cognitive state and mental fitness. talk ab

again, mike murphy, no fan of the president. but he's not that far from where a lot of republicans are. >> i think one of the issues there, the president likes to have someone or something to fight with. the mueller investigation is over. so health care has been a favorite thing he loves to talk about, loves to talk about president obama. he needs an opponent. the reality here is i cannot recall something that went for -- on monday, it was the best day of the president's time in office without question. the week started out that way. the obamacare fight made so many republicans on capitol hill throw their hands up. mitch mcconnell said he'll have to deal with the speaker on this. the president needs to have a bogeyman, an opponent, until he has a democratic one, he'll create the other ones. it gaifs republicans pause this week, what exactly is he doing. >> he still has that opponent in congressional democrats when it comes to the mueller report. we talked about the good day for the white house on monday. take a listen to how the

maria: mike murphy, jump in here, new york is having the same problem, by the way with new york seeinges fleeing, people moving to places like texas and florida, mike. mike: yeah, absolutely, that's what i was going to say, maria, the weather is great in california but, you know, you have places like texas, like florida, other areas where you have no tax, i'm also a small business owner, i run a venture capital in new york and the taxes just make it where -- it makes so much sense to move to a florida for me and for my business and i think, maria, you hit the nail on the head with money being mobile, craig, i would love to hear your take on that but, you know, now with technology where i can be literally anywhere and be on a phone call or stream where people don't know exactly where i am so i don't need to be in an office in new york any longer, i think the new yorks and the californias, the high-taxed states are going to have to change what they're doing or more and more people will leave. >> mike, you're absolutely right. the fact is that we took a look at national tennessee, my son

joining me to discuss, shah ghailani and mike murphy. ke, what is interesting, march 1st the stock was $446 a share. on friday closed at 415. it had given a lot of ground into the accident. another intriguing thing, we opened monday, down a lot, 365 bucks and getting stronger since then. what is going on? >> people are trying to look past this saying this is one-time issue for the company. but once he get past that, back up to the growth that got them to 446 originally. i tell people at home, charles, they don't have to jump in here. i think more correction is coming from boeing. that means year-to-date with all this out there the stock is still up 16 plus percent in 2 1/2 months. i say let the dust settle. we can't quantify what the damage is, we can try but can't quantify the damage. charles: shah? >> i'm not a big fan of the trader in me thinks the stock can come down 10, 15% in which case i would be a buyer. long-term it's a hold, fantastic company. i don't think it corrected enough to relative to the exposure and liability it has. as

rose capital founder mike murphy. i want to get a hat tip to him, because in the middle of the december falloff some likened to a crash, mike was contrary, saying we will get through this. indeed we have. mike, good to have you. >> good to be here, neil. medication keeps me calm. neil: something is working. wondering to flip it around, strong start of the year, traditionally, rest of the year, does well. maybe not similarly well. but well enough to end up positive. do you agree with that? >> i think we're set up, neil, for this rally we've seen year-to-date to continue but there will be bumps in the road. there will be opportunities as you and i talk about often, there will be opportunities to allocate new money to the market. don't get caught up talking to lyft, chasing the next hot thing or feeling the fear of missing out. stick to a gameplan. if you have big selloffs, they're not warranted, not based on headlines you want to allocate money. i think 2019 will be a great year for the market but it has been a great yea

but first let's turn to mike murphy a former advisor to john mb cane.t did you make of the comment by cindy, his daughter that he would find this ridiculous and hilarious that this president can't get over him? >> i think it's true. he would be howling with laughterful that he has this baby tied up in nuts from the grave. it's a tell of how insecure and childish donald trump is. that's kind of the funny side. the sad side of this is we have a president of the united states who's such a narcissist, such self obsessed, prickly and foolish that he's insulting everyone whootz rr worn a uniform. he was respected across the bord, even if you disagreed with him and what donald trump is doing it's so beyond the pale, it's horrifying. >> he suffered five and a half years in the han oi hilton. and here's the guy who got a concierge doctor to get him out of the war. i'd think he would feel some inferiorty here. he defended his oponent to a republican voter. let's watch. >> i can't trust obama. i have read about him and he's an arab. he is not -- >> no, ma'am. no,

all it took was a look, in fact, for lead detective mike murphy to see what happened in david's bedroom was highly intentional. >> it was an execution. the intruder came in while he was sleeping, placed a gun to his head, and shot him in the chest. >> and joan? the shock of it didn't help, of course, nor the fact that she was sound asleep when it happened. by the time she calmed down enough to talk to police, she wasn't very helpful. >> i did not clearly see the person who shot david. i'm not sure if i saw or just had a feeling of somebody just leaving the room. but -- i thought it was a shadow. >> did you actually see a shadow or did you tell the police you thought it was a shadow? >> it was a movement, like a shadow that left. >> she tried to follow the intruder down the hallway. she was worried about the safety of the children. she returned back to her bedroom. that's where she made the 911 call. >> the children. joan and david's eldest daughter daisy was out of town. but their two young boys, just 7 and 10, slept through it all, unaware of what happened. down the hall was shannon's

joining us now, mike murphy, d.r. barton, susan li and ashley webster. i want to know first from you, murphy, the market just wants to go up. what's the big factor behind this rally? what's driving it? >> corporate profits in the united states. we have a strong economy and companies are going to continue to operate in the u.s. where things are good. consumer is strong, tax cuts are helping. we had a big sell-off in the market. remember, if you go back three or four months. now the market is looking to take out that old high. we talked about it here before. the pressure is to the upside on the market right now. stuart: what have you got? what's your big factor that's driving this thing up? >> murphy's got the foundation. earnings. i think the thing that's driving it up is that traders and investors are realizing these big central banks are putting some spice back into the punch bowl. when china announced they were going to be accommodative on sunday, it broke a four-day down streak. we had that big up day yesterday. it was almost all china and powell's "6

"wall street journal" james freeman, rose cliff capital founder mike murphy. mike, what do you expect, we keep paying attention, notching on another week and another week and another week. what do you think? >> let's put that behind us. let's have a down week by a few points, we don't have to keep talking about that. neil: we have the fancy graphics. >> it has been nice so far. we're up 11%. we'll not have 11% two months for the rest of the year. we need to digest a little bit around the highs is a nice place to take a breather and then continue to move higher, to new highs. neil: market tends to take all the anxieties that typically obsess with the media in stride, right? >> yes. neil: disappoint with north korea, reassessing it on again, off again. manufacturing front, consumer confidence et cetera, so what is the market telling us? >> it slugs off the political atmosphere in washington. it was not a market event but a political event. that is the story of this presidency, you read the headlines you think we're in constitutional crisis. you watch the market a

we will see if we can scare everybody, with mike murphy, and deirdre bolton and wall street historiane gordon, in the studios as well. welcome to all of you. i don't know how much history matters in this kind of case as opposed to the world we're dealing with, the economy we're dealing with, but what do you make of this 10-year bull run? >> i think certainly a long year bull run. 1920s was seven years. that was a long bull run but the psychology doesn't seem to be there for a top yet. connell: what would bring that -- if you could name one or two things could end this, what would you worry about or point to? >> john templeton the great investor said pull markets are born in skepticism, mature in optimism and die in euphoria. when everybody thinks the market is going up further, get out of the market. connell: are we euphoric, mr. murphy? >> i'm not your for rick, yet. i agree there is lot more room to run. the market will not stop going higher when we hit a certain is date or dame. it will stop going higher when the fundamentals change or perception of the fundamentals change. pour pe

we have rose cliff capital founder mike murphy. dan -- and late but not least my buddy charles payne. charles, that historical phenomenon, do you buy it? even if it's a brief moment, where short term, really short-term rates eclipse that of say a 10-year note, you have trouble? >> it would have to be more than just today. historically period of time, 10 days to two weeks. even then it could be up to two years before you have actual recession. neil: we always, recession is coming. we don't know when. we haven't gone away. >> economy is cyclical. it will come at some point. which is interesting going back to the big fed announcement this week. while the fed may have seen slowing in the economy. one hand it was argued all of that last week they were getting weaponry to fight a potential recession. so it is really interesting. we'll see how long this inversion lasts. i don't think we're going to have recession this year but you never know, end of the year, next year, right now i don't think it will happen. more about concerns. still so

mike murphy is with us. keith fitz, susan li, ashley webster.ou know, stocks were up yesterday at this time, then turned around to finish down 200. what happened, murph? >> gravity set in. we have a ten-week rally, people didn't see a reason to keep buying so some chips started coming off the table and that continued to kind of exasperate. we got down over 400 and rallied toward the end. >> it was interesting because optimism about the trade deal at the open quickly turned to skepticism. it was interesting because we feel like it's moving along but until we get more details of what it's about, they took their money out and went into treasuries. stuart: yes. susan: don't forget, the stimulus on the table from china last night should help the rest of the world as it can in 2008 when china spent over $600 billion. i think there might be a stimulus play here and i'm thinking it's coming from outside the border. stuart: that's worth pointing out. china will spend big in the immediate future. susan: trillions of yuan. yes. stuart: that could be a fact

mike murphy's here, danielle demartino booth is here, elizabeth macdonald, ashley webster. answer the question, murphy. >> the fed made a mistake in saying they are going to raise rates one time over the course of the next two years. they are supposed to be data dependent. they are supposed to rely on the information that's coming out. i don't know how they have a strong indication or strong feeling on what's going to be coming out in economic data a year or year and a half from now. i think they should stay more focused shorter term and not try to go out so far. that's what the market didn't like. ashley: the other years, they did exactly what president trump has been telling them exactly what they should do. however, the reasons they're doing it is not what the president would like. they revised down their gdp forecast and the white house says 3.2%. talked about slowing down in hiring, the unemployment rate is bottoming out, growth is overall slowing down. it was not a great endorsement of the economy. basically it says we are slowing down. and the global economy is hurti