RIGHT TO MY PANEL WE GO FOR MORE
GDP REACTION.
LET'S FIRST GET THIS REACTION.
WE WERE EXPECTING A GOOD NUMBER,
EXPECTATIONS?
>> I HAVE BEEN A RAGING BULL FOR
A LONG TIME.
THIS FITS INTO MY BLEFT AMERICAN
ECONOMY IS IN GREAT SHAPE AND
THIS IS VALIDATION.
THAN SAVING IT.
BUSINESSES UNLEASHED THEIR
POCKETBOOKS.
>> A LOT OF HAPPY CONSUMERS,
CONFIDENT CONSUMERS AND BUSINESS
EXECUTIVES.
BUT STILL VERY ROBUST.
THIS IS JUST WHAT THE
ADMINISTRATION WAS HOPING FOR
WITH THE CORPORATE TAX RATE CUT.
MARIA: WHERE DO YOU THINK THIS
GOES NOW.
WHAT ARE YOU GOING TO BE
WATCHING IN TERMS OF MORE
EVIDENCE THIS ECONOMY IS FIRING
ON ALL CYLINDERS?
>> THIS IS A LONG-TERM CHANGE IN
THE COMPETITIVENESS OF THE
UNITED STATES WHETHER IT'S THE
21% CORPORATE TAX RATE WHICH
THE DEREGULATORY EFFORT BY THE
PRESIDENT.
THIS IS THE FIRST TIME IN
SEVERAL PRESIDENTSIES WHERE
THERE IS NOT SOME BIG REGULATORY
EFFORT COMING DOWN THE PIPE.
MARIA: FOR A LONG TIME
BUSINESS% SITTING ON CASH AND
UNWILLING TO MAKE BIG
INVESTMENTS BECAUSE THEY DIDN'T
KNOW WHAT WAS COMING AROUND THE
CORNER IN TERMS OF REGULATION.
>> THAT'S RIGHT.
IT'S THE PROTEIN FOR GDP.
WHEN YOU START SEEING CAPITAL
EXPENDITURE, THAT'S WHEN YOU SEE
THINGS START TO COOK.
AND WE ARE IN THE LATER PART OF
THIS CYCLE.
SO THAT'S WHERE WE ARE AT RIGHT
THAT'S AN EXTREMELY BULLISH SIGN
IF YOU ARE AN INVESTOR.
MARIA: WHAT ABOUT THE MARKET
REACTION.
INITIALLY WHEN THE NUMBER CAME
OUT, IT WAS REALLY FLAT.
>> I THINK WHAT'S HAPPENING
RIGHT NOW IS EVERYONE IS NOT
BELIEVING HOW GOOD THINGS ARE.
I WOULD ARGUE IS ANOTHER BULLISH
SIGN.
WHEN SENTIMENT IS NOT THAT
BULTISH, THAT'S -- NOT THAT
BULLISH.
I THINK THAT MUTED REACTION IS
WHERE WE HAVE BEEN FOR A LONG
TIME.
WE HAD OVERHANG OF TRADE WARS
AND THE YIELD CURVE.
ADVANTAGE THAT NO ONE IS REALLY
EXCITED.
MARIA: ?
IN TERMS OF THE IMPACTS THIS
WILL HAVE ON COMMISSION GROWTH.
>> THE TRADE FIGHTS ARE A
THREAT.
BUT TO DEMONSTRATE HOW HOW GOOD
THIS ECONOMY IS.
POLICY MAKERS IN THE
ADMINISTRATION ARE HAVING
MEETINGS THINKING ABOUT HOW DO
WE GET MORE PEOPLE TO JOIN THE
ECONOMY TO FILL ALL THESE
UNFILLED POSITIONS.
HOW DO WE FIND MORE WORKERS TO
TAKE ALL THESE OPPORTUNITIES.
THIS IS A SPECIAL MOMENT IN
TERMS OF AN ECONOMY THAT'S
ROARING.
THERE IS NO OTHER WAY TO PUT IT.