Let's h bring in Adam Parker now and uh talk to him of course founder of Triariat Research. Adam, great to have you here. Yeah, good to see everyone.Um I want Why don't we start on that dollar point 10% down year to date. Quite orderly. Uh there's some benefits of that there's some costs of it, right.If it's another 10% in the second half of the year, does that scream something's wrong. Is something already suggesting that something's wrong or not. You know, it's funny.I listened to your macro conversation ...

All right, time for stop trading. What do you got. You know, I'm focused on tariffs.I mentioned earlier the Amazon Andy Jassie the show talking about but the China tariffs are here. Whirlpool. Okay.The government's decided to back Whirlpool versus foreign companies that make appliances. Whirlpool sells at seven times earnings. The stock can go to 120 in a heartbeat because they are going to have this market to themselves after the tariffs come in.I've been waiting for this industry to be able to rationalize ...

All right, we we do have to get to Rick Santelli for that PMI. I just think that but we should not viewers. Do you mind.No, I don't. Take it away, Rick. Yes, David.Chicago PMI for June comes in on the light side. Not shocking. 40.4%.It's the second lowest reading of the year outside of January when we were under 40. And it's the 18th 18 consecutive negative read, meaning under 50 contraction mode. We see that the markets on the interest rate side are slightly lower in yields, not huge, and it's being led by ...

Right. Well, now they're back in. I mean, individuals focused on whether I have to sell Apple.Uh that Nvidia broke out. Was I in there or did I sell it at 100. Uh the individuals focused on what's hot.Uh but also staying in, not wanting to be part of the eight days, we know Ken Langon told me where most of the action is. Uh the institutions are focused on what the Fed's going to do. I frankly the individuals don't even know who the Fed is.But but we have to give the individual credit because individuals buy ...

Of course, we got all the coverage now of Circle uh given the elapsed time since it went public, but yeah, usually you see a ringing endorsement back in the old days certainly under not everything is insane. The underwriter usually says great things. JP Morgan basically laying things out say look this is too high.I applaud that even as it may the individual investor may not believe. We'll keep an eye on church circle. By the way, the applause here is uh Verizon Communications celebrating its 25th anniversar ...

All right, time for a mad dash. It's going to be one of the uh one of the great performing IPOs we've seen in some time. Yes, it's circle uh and the key to circle.It's a crypto ecosystem, but it's really the focus is on stable coin cuz right now we have tether and that's a little sketchy. This is a non sketchy and it's number two after tether in terms of usage. What I think's interesting, David, is if I were to tell you that JP Morgan on the upper left were to start this with an underweight outside our comf ...

So, um, I was a college senior. Our generation was known as the MI generation. People were convinced that we all wanted to go work on Wall Street.And that really didn't resonate. I felt I myself was just searching for a way to make a real difference against the inequities in our country. You know, I was a concerned college student, a public policy major, and and I felt that I wasn't alone.That we there was a there were a lot of people searching for that. And as I looked around, I realized the issue is in fa ...

Senators on Monday began offering amendments to President Donald Trump’s megabill, following a weekend of tense negotiations to try to get the president’s second term domestic priorities through the upper chamber. The process, called a “vote-a-rama,” began shortly after 9 a.m. ET, and it was not yet clear how long it could go on. Eight hours or more is not unusual. Senators are allowed to introduce an unlimited number of amendments to the budget bill, forcing the chamber to cast back-to-back votes. For acce ...

President Trump expecting to see his long-awaited reconciliation bill on his desk by this Friday. Joining us right now is Joe Leavia. He's counselor to Treasury Secretary Scott Bessant.Good morning to you. Morning, Andrew. We are getting closer.We have a what do they call it. A voterama taking place uh today. What do you think has to happen to I mean we've had a couple of different people even on the show this morning who said there's still some other reconciliation issues that really have to take place bef ...

Why don't we talk a little bit about where the markets stand overall right now. Because we're looking at both the S&P 500, the NASDAQ, and the NASDAQ 100, all closing at new highs again on Friday. It's the best quarter uh for technology since the second quarter of 2020.What's happening, and how do you see this playing out. Well, this is still the most hated V-shaped rally. And it of course has a lot to do with when stock stocks fell in a waterfall decline into April.Nobody likes to be sitting on stock. So a ...