start with pulte how much >> good afternoon. we put out a sector update report in which we rolled out our 2021 price targets and updated our numbers. simply put we do think there as a lot more room to run here. and, you know, it's not only because of the fact that you have a very strong fundamental backdrop, low rates, tight supply, affordability is good and we can list another five factors, but we also see a lot of historical precedent when you look back and you understand that we're just right now after 13 years of single family starts being under 1 million, which is unprecedented and in the past prior 40 years it only happened seven years in a row and we're just getting back to that long-terp oflong long-term average, we think there's plenty of room for the market to continue to recover. when we look at the builder fundamentals themselves, you had several consecutive years last cycle where the builder were putting up solid double-digit order growth, very strong margin expanse aion and several years f outperformance >> you hav

and with pulte in particular, tell me why you think that this housing demand, just these blockbuster numbers that everybody keeps putting up, why you think that's sustainable >> thanks, kelly, for having me on on pulte, this is down 13% from the recent highs at the end of the day, this is one of the best in class businesses that management teams, they've got a great position on land they have a great position of pushing pace and price with margins and return on equity and they're restarting their buyback program in the fourth quarter, so we think that this pullback is healthy. there were some froth out there alongside, as you've noted, this incredible stretch of growth but now with this pullback, we do see it as an attractive opportunity. >> you know, it wasn't until this year, correct me if i'm wrong, that pulte shares finally took out their housing bubble levels that was before the pandemic, actually they got back to those levels kind of late summer, early fall. so your price target is just -- a couple bucks above where we were, just a few weeks ago, really so i'm curious a little

this for a while and it has been right to like them, but you took at two of them, toll brothers and pultees. go back to october 8 and look where toll brothers traded up to if carter was here he would say what a tremendous fnumber do we have on toll brothers and pulte. if you are long in these names, you have to take a long hard work and say am i willing to bet against this double top and rates going higher or should i take money off the table i think you should take money off the table. >> karen, how about some of the home details, like home depot, lowe's >> they are driven by housing. you buy a house and do the things you want to do or fix up the current house, but i think they are stimulus driven as well lowe's and home depot which i own, i think that will be more important to them in the short-term than rates. it has been a great trade. if you back up, it has only backed down a little from the peak a lot of great things are going on that are the balance last for this trade with the stimulus i think lowe's and home depot will be fine. >> tim >> existing seaales were at a 14-year high th

steep rises too and belgium says it's facing a tsunami of infections with political figures not immune pulte 5 year old sophie vilma's deputy prime minister is in a brussels hospital undergoing emergency treatment in intensive care the condition is described as stable the same cannot be said for the pandemic across europe jonah how al-jazeera the spanish government has overwhelmingly survived a confidence vote in parliament over its handling of the pandemic the motion had been brought by the far right vox party but it failed to win any other support and was rejected by 298 votes of 52 the minority coalition government of pedro sanchez has faced criticism over its policies with the result is being seen as the main conservative opposition party distancing itself from the far right in the united states the daily death toll has passed 1200 for the 1st time since august covert 19 deaths have been running at around 700 a day for most of october but this spike was expected after the number of new cases started rising 5 weeks ago the us is the worst hit country with more than 220000 deaths since the

>> i've been -- pulte homes is the one you want to watch.annot rally, then i think, yes, yesterday was the beginning of the regional bank rally. i thought that was premature because one day does not a trend make but i will say that that this is a group, the home builders, i think is reacting more to a supply shortage than it is to rates. because rates are still very, very low you may have the best of both worlds here. i think that this is a moment where there are a lot of people who want to rotate into groups that have not moved. oil, off of the consolidation, and the banks because they're just so inexpensive. let's watch goldman. i think the papers are very wrong about saying that goldman -- this is another disgrace for goldman i think the clawback of -- to the executives, david, you know the clawback was rather shocking and amazing. not unlike when maxwell with bonds just -- robert maxwell, he defrauded people and goldman had to -- the execs had to reach in their pocket i think that was good, because it means the shareholders didn't have t

i got a call from ed pulte today saying that we have a proposal for you. the d.a.epared to give you a conditional dismissal of the indictment and vacate the conviction. >> today? >> it's not going to be today. but it will be by the 13th i think. >> are you serious? >> do you believe that? >> well, it hasn't set in yet. >> i know. >> the initial shock. >> i know. >> all the fighting we have done over these years. >> yeah. >> um -- i don't know what to say right now. >> but unfortunately for eric, a month later he's still behind bars. >> these people just don't want to let me go. they want to continue to hold me and torture me. you know, the mental trauma i'm going through right now because of this, i'm wondering whether, you know, they may renege on this agreement. >> but as excruciating as the hours are, eric shares with us something beyond that wall of hope that's helped him wake up every morning. >> there's a bench by the water that each time i go to the barbershop i look at that bench and i wonder if i'll ever be able to sit on it and look back up here instead o

pulte 5 year old so the deputy prime minister is in a brussels hospital undergoing emergency treatmentintensive care the condition is described as stable the same cannot be said for the pandemic across europe jonah al-jazeera u.s. regulators have approved an antiviral drug for use on covert 19 patients and hospital of it is one of the medications that donald trump took when he contract to the virus but a study sponsored by the world health organization suggests that it doesn't have much impact on the rates or on recovery times yet another warning about the health of the arctic for the 1st time since records began 40 years ago a major source of siberian sea ice hasn't begun to freeze a lot of sea is known as the birthplace of ice this is the longest it's ever gone without starting to freeze scientists believe that that's because of a record breaking heat wave and changing waters in the atlantic ocean they're worried that a lack of ice will cause chain reactions across the alps but if that is. just about 0. by foot. 'd held for over 3 years in an egyptian prison cell denied the right to