to downtown weisberg this is something bring in sin arcade until ten o'clock tonight so i'm talking to some of the best music of two thousand and thirteen playing the song but all. is holding it's all. in one nine hundred eighty eight was the first woman to work in this one particular mine and my job was what they called the belt boy and then they started calling me the belt person because i was a female so when i would go into ground everybody would be kind of gathered to see this one. when coming out of the mines you know and then i remember my face will be all black but the coldest since i was a little bit vain so i would have a handkerchief and i would wipe my face off before i would come outside so it be all clean. so that it but the guys would always be looking for me to come out because it was just so amazing i guess to them to see a woman working in the mines. it's all true. more and more manalo no. i remember when i was in high school i loved earth science i love the mountains of anything to do with rocks and my our science teacher back then said there's going to be eight hund

so tom's a member of the teddy weisberg club here of just stay on the sideline ares.ou are doing and what you're interested in buying on a day hike this. >> just like jamie dimon and warren buffett said, you know, the good times are still rolling. i think buffett said we're in the sixth inning, and our sluggers are coming to bat. i really like the financials primarily because of the repeal of dodd-frank. there's about $2 trillion sitting in excess reserves at the federal reserve. and now with the repeal of dodd dodd-frank, that money's going to work into the economy. liz: this is interesting. on a day like today where you are looking at a very, very frightening moment earlier today -- although it's less frightening now because the dow is down 295 -- guys like mark and tom are doing something completely different from our traders. let me flip right back now to ira. and, ira, when you hear tom and you hear mark say this, talk to our viewers right now, many of them are business people, they've got big portfolios, medium, small portfolios. >> well, here's the thing, when

back to the new york stock exchange where teddy weisberg of seaport securities is standing by.dy, what do you make of today's sell-off? seems like maybe we sell the promise more tariffs, and then settle back down, that that's kind of become a trade as opposed to a real read what's going on, what's your take? >> the good news is we sort of understand what's going on here, which is a little bit unusual. this geopolitical cat and mouse game over the tariffs clearly has created a cloud of uncertainty over the markets and the markets acted accordingly today, and you know, i guess if it continues to play out with this negative bias, clearly it's not good for the markets. on the other hand, yes, we're down almost 300, but as i looked at the screens, there were plenty of bright spots on the screens today and, in fact, the tech averages, the composite, though it closed down, climbed out of a pretty big hole, and you know, there's plenty to be encouraged about. i think the uncertainty clearly is weighing on the markets and it's probably a good time just to kind of sit on your hands here

. >> seth weisberg, citizen from houston texas. i appreciate what you are saying about oversight and you said [inaudible] over your illustrious career. and now i know you're working very hard to even get the information they are withholding and playing the press came. how would the chevron deference they could difference? how can you make the tide of power slipping away from congress? >> i'm glad to know that the recent couple court decisions, even the supreme court has indicated go take another look at chevron. i am co-author of a bill with senator hatch to do away with shareholders. in other words, not give as much deference to administrative expert pieces the course will give. i don't know whether it's ever indicated in the case of the various pieces of regulatory legislation that the courts now deferred to. i think i is kind of a case that the supreme court legislature. that is why unless they overrule themselves, we have checks and balances in the law. you probably know that for progressives in this town and in the congress is

. >> said weisberg, a citizen from houston, texas. i appreciate what you are saying about oversight, and you said that the feet dragging by the administration has grown over your illustrious career. and now i know you're working iny hard even to get people the administrative state to give you information and they are withholding it. how with the chevron difference make a difference? the tide of power is slipping away from congress. sen. grassley: i'm glad to know that the recent couple of court decisions, even the supreme court has indicated that they ought to take another look at chevron. i am co-author of a bill with senator hatch to do away with chevron, in other words, not give as much deference to administrative expertise as the courts would give. i don't know whether it was ever ridinged in the case of the various pieces of regulatory legislation that the courts now defer to. i think it is kind of a case of the supreme court legislating, and that is why unless they overruled themselves and we had checks and balances of changing

points, but that was well off session lows we want to go back to the stock exchange where teddy weisberg is standing by and teddy what do you make of all of the turmoil over tariffs, are markets over reacting or a warning sign something worse is coming our way and do you believe peter navarro our treasury secretary steven mnuchin in this fight over we're going to slap tariffs no we're not going to slap tariffs. >> well how about doing the last first because that's easy. i don't believe any of them. i think that's the problem the market is having right now. you know, this whole tariff thing is just a big boys game of economic geopolitical gamesman ship. we don't know whose going to blink first. somebody will blink and hopefully sooner rather than later this will all have a happy ending, but for the moment it's all created a tremendous amount of uncertainty and it's interesting because the market as you pointed out ended up closing down about 325, being down close to 500 at one point today and all of a sudden down 325 is looking pretty good but i think basically there's not enough lipstick