this is paul riley, ceo of raymond james financial. thanks for being here. >> good to be here. >> we saw the first quarter gdp number. a terrible number. there's the backward looking number but it was so bad some people thought, wait a second, maybe there's something for than the were the here. what do you think? >> again, everybody is talking about the weather. there's probably a little more to it. any time i look at one number i dismiss it and i look at the trend and i still believe we're in the steady-okay, long-term growth. so are we going to hit 3% or better? maybe not. are we going to be negative? i don't think so. i think we're into the 2% plus steady long-term growth. i think that's what you should plan for. i think the economy is in reasonably good shape. >> you still like stocks at this point? you think that's the best place for your money? >> it depends on your investment horizon. if you're looking long term, absolutely. if you're in the retirement mode it's too risky to go out long term. as rates go up they will go up some

joining us is paul riley. he is ceo of raymond james financial. thanks for being here. >> good to be here, becky. >> we saw the first quarter gdp number. it was a terrible sinking number. it was so bad some people thought, wait a second, maybe there's something more than just the weather here. what do you think? >> well, feagain, everybody is talking about the weather. there's probably more to it. every time i see one number i look at the trend. i this i we're in the steady okoro okay long-term growth. are we going to be negative? i don't think so. i think we're in the 2% plus steady long term growth. i think that's what you should plan for. i think the economy is in reasonably good shape. >> you still like stocks? that's the best place for your investment? >> if you're looking long term, absolutely. if you're in the retirement mode, it's too risky to go out long-term fixed income because as rates go up, they will go up some day, i don't know when, but when they do you can get in trouble if you're in long-term bonds or risky bonds. we tell our inv

there's been sort of rand paul and chris coons wrote an op-ed about the riley case together. you know, and the marriage equality cases my organization and kato filed a joint brief together as we did in the supreme court cases from last term. i think the first amendment actually is an area in which the reports court moved the doctrine to very conservative direction by, you know, some folks have -- some comment taters called it a locknerization of the first amendment to strike down corporate and commercial regulations. >> just a brief question looking forward to the panel on death penalty and 8th amendment jurisprudence. does the panel expect anything forthcoming in the next term or is there anything percolating its way up or anything from any major circuit decisions, especially in light of the recent issues with experimental drugs for executions? >> so, the supreme court, there's been this debate that we all know about with problems of the administration of the drug cocktails and so far it has stayed away from stepping into those cases. it has issued a stay in a case from the

there's been sort of rand paul and chris coons wrote an op-ed about the riley case together. you know, and the marriage equality cases my organization and kato filed a joint brief together as we did in the supreme court cases from last term. i think the first amendment actually is an area in which the reports court moved the doctrine to very conservative direction by, you know, some folks have -- some comment taters called it a locknerization of the first amendment to strike down corporate and commercial regulations. >> just a brief question looking forward to the panel on death penalty and 8th amendment jurisprudence. does the panel expect anything forthcoming in the next term or is there anything percolating its way up or anything from any major circuit decisions, especially in light of the recent issues with experimental drugs for executions? >> so, the supreme court, there's been this debate that we all know about with problems of the administration of the drug cocktails and so far it has stayed away from stepping into those cases. it has issued a stay in a case from the

there's been sort of rand paul and chris coons wrote an op-ed about the riley case together. you know, and the marriage equality cases my organization and kato filed a joint brief together as we did in the supreme court cases from last term. i think the first amendment actually is an area in which the reports court moved the doctrine to very conservative direction by, you know, some folks have -- some comment taters called it a locknerization of the first amendment to strike down corporate and commercial regulations. >> just a brief question looking forward to the panel on death penalty and 8th amendment jurisprudence. does the panel expect anything forthcoming in the next term or is there anything percolating its way up or anything from any major circuit decisions, especially in light of the recent issues with experimental drugs for executions? >> so, the supreme court, there's been this debate that we all know about with problems of the administration of the drug cocktails and so far it has stayed away from stepping into those cases. it has issued a stay in a case from the

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jason riley is with us, you are with the wall street journal editorial board dummy also followed this very closely. would you make of that interchange and that gentleman on the hot seat. >> paulink it is outrageous what is going on. this may be the most feared government agency in america. the idea this administration would use it to go after its political enemies is an outrage and they're not being forthcoming. the timing of these missing e-mails and the smart quote needed here. i don't think they are missing. i think they are not being forthcoming with the e-mails and the fact that they would go missing from the key officials involved in the scandal at precisely the time that congress begins its investigation his too much to take and it speaks to a competence issue. this is along with the va scandal and obamacare rollout, speaks to the president's mismanagement for his management capabilities in general. again he looks like he is in over his head when it comes to managing. stuart: i go further than that. i think the election of 2012 was corrupted in part by what happened with the irs and the president's political done in. >> i have seen nothing to make not believe that so f