i wouldn't know, mr. cato. yep, that was it... an arrow-pierced heartrt i'd kind of like to see this young fella. what'd you say his name was, jack what? daly. jack daly. i'd like to see the look on his face when you hand him that big inheritance. but, then, i guess i never will... 'cause i don't recollect ever having seen him. i'm sure i'd remember if i had. i'm sure you would. you want me to put the stock in the center of the circle? major? what? you want me to put the stock in the center of the circle? yeah, sure, bill, use your own judgment. cato? yep, cato. that fella he was talking about sounds just like-- yeah, i know he does. 'course, he e uld be telling the truth. could be. i've heard about these missing heirs-- takes years to find 'em sometimes. well, we should know by tomorrow, we hit clearwater by dark. i'm gonna take a little ride. you and charlie take over, will ya? clearwater? i'm m outing an indian party. you savvy? i follow ya. i won't be back by morning, so you and charlie get 'em m lling. at

mr. wales: thank you very much. it is really great to be here. i actually did visit the cato institute about 150 years ago, i think it was. i am joking, it was maybe 20 years ago. i had a girlfriend at the time who was an intern here and i popped by one-day. abouting to talk wikipedia and reasoned discourse among because for me this is one of the most important features of the wikipedia, which is something that is sorely lacking in the world today, and one of the reasons for the popularity of wikipedia is that it is a place people can turn for this. the original vision statement for wikipedia, and that is for all of us to imagine a world in which every single person on the planet is given free access to the sum of all human knowledge. that is what we are doing. i think one of the reasons wikipedia has been so successful is that we have managed to gather this incredible group of volunteers, people who are very passionate about wikipedia, about getting it right, about sharing knowledge. one of the reasons they are so passionate is that we have a really big vision. i think if i

cato is here to break down what the president said about the president-elect. chris. >> he was speaking carefully as he fielded questions today. he described his successor in mostly positive terms saying that mr. trump is not ideological, he's pragmatic and that can serve him well said the current president. the president said that trump's world leaders will go a long way in defining his presidency. he asked the people protesting the election to give trump a chance. he said that many people misjudged the trump phenomenon, as he called it, and he praised the billionaire's ability to connect with voters. bullet the president did warn the president-elect to keep in check his penchant for making controversial comments once he's in office. >> there are going to be search elements of his temperamentha he recognizes them and corrects them. when you're a candidate and you say something that is inaccurate or controversial, it has less impact than it does when you're president of the united states. i think he recognizes that this is different. so do the american people. >> president obama also spoke about the future of the democratic party saying it's time, but i said there are core values that should

mr. cecchini: perception matters, but the fed increase is real. scarlet: peter cucina, joining us from catoke a look at some of the technical trends driving stocks to all-time highs. is a five-year chart of the s&p. this is bloomberg. ♪ scarlet: this is "bloomberg markets." i'm scarlet fu. amanda: i'm amanda lang. here's abigail doolittle. do have the dow and this of the hundred and nasdaq all at record highs as the intraday and closing basis. very important according to the head of technical analysis at oppenheimer is the fact that his record highs are coming on a concurrent fashion. suggests that more strength is ahead. as for what got us here, they recall going into the election, there was a bit of a pullback for the u.s. major averages trade from a sector standpoint, looking at the financials, industrials, and materials as top sectors. today on the strength we've had technology trade higher for the first time since the election. ahead, according to katie stockton ibt ig, she does believe that if we can 2194 concurrently, the eye is on the target set back in july of 2400. amanda: thanks,