bernstein. >> richard f. bernstein. richard e. bernstein and the chief economist at deutsch bank. start with you, richard, for a year and a half you've been half full. you've been half full about the markets in general. maybe full, full. totally full. you're back looking good again. are there lower lows and lower highs. you think we're in a sustained upturn. >> the bull market is intact. interest rates, the fed just told us they are on hold for at least the short term here. the profit cycle looks like it's troughing. that's not a bad combination. >> some day corporate earnings will start to grow. we don't have to worry about wage margin. best profitability isn't behind us? >> in terms of rates of growth. the rates of growth, the best rates of growth are behind us. that's very early cycle stuff. earnings go up 20%, 30%, 40%. earnings are down about 15% on a reported basis. if we go minus ten, minus five and the fed is basically on hold, maybe letting more pricing power into the situation i think we do okay. >> joe, in one word, in your interview notes, this is what i would say, inc

>> richard bernstein. >> reporter: i can tell who you're supporting. why do you like mr. trump?essman. we need someone to make sure we get rid of the debt and clean everything up in washington. make sure that everybody has a say and most important thing is that he'll make our country great again. >> reporter: you've been eating the pancakes i understand for 50 years here at testa's. is that right? >> that's correct. i went to high school down in west palm beach. been coming for over 50 years. and they're great people. they're the best. they deserve the best, too. >> reporter: yeah. that's why we're here, too. we hear the food is great. i haven't been able to eat yet. vile to steal some of your pancakes in a bit. >> are you welcome to. >> reporter: thank you. your name? >> candace snyder. >> reporter: why do you like donald trump? >> i believe he's the only one equipped to make america safe. we've been members of the clubs for over 50 years. i believe in him. and as a mom, living -- i've been coming here for over 40 years, but i lived in boston also and having gone through the ma

that's richard clark from bernstein. >>> moving on, we want to look at some of the other top movers in europe. we were just talking at the top of the show about this post-federally spilling into the european markets. miners are on the up after the dip we saw over the last few days. a lot of this has to do with the dollar moves. of course, the dollar moving to its lowest level in nearly two weeks. that's good news for commodities pricers and miners as well. all moving up nearly 6% in london. and this comes after janet yellen really surprised the marks with her dovish speech. the fed chair said the u.s. central bank would need to proceed cautiously, noting global risks to the domestic economy. >> given the risk to the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy. this caution is especially warranted because with the federal funds rate so low, the fomc's ability to use conventional monetary policy to respond to economic disturbances is asymmetric. if economic conditions were to strengthen considerably more than currently expected, the fomc