{"id":242903,"date":"2017-08-02T12:15:00","date_gmt":"2017-08-02T16:15:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=242903"},"modified":"2017-08-03T15:50:53","modified_gmt":"2017-08-03T19:50:53","slug":"stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/","title":{"rendered":"Stock Market Hits Record High — Fueled by Apple and Tax Reform Expectations"},"content":{"rendered":"

RUSH: The Dow Jones Industrial Average right now 21,992. It was at one point today 22,000, all-time record. And of course that number brought forth all of the negativists who are now claiming, including Greenspan, “It\u2019s gotta burst. It can\u2019t go on. It\u2019s a bubble and it\u2019s gonna blow up and we\u2019re all gonna die. And we\u2019re all gonna be poor, and we\u2019re all gonna lose everything. It\u2019s horrible.”<\/p>\n

\"\"Now, two things about this: 22,000 stock market. Who is that? Who\u2019s getting rich? Answer, hint, clue: It ain\u2019t the people that voted for Trump. Trump\u2019s out there taking credit for it. He did today in the legal immigration meeting. He was singing its praises. He was talking about what it means for American business and our companies and our industries and jobs and so forth.<\/p>\n

Why is the stock market at 22,000? Now, Apple reported great numbers yesterday, and that is a factor. And I know a lot of you don\u2019t want to hear me talk about Apple \u2019cause you think I\u2019m biased and conflicted. But Apple\u2019s third quarter numbers yesterday were astounding. But it\u2019s not their third quarter numbers that has Wall Street all in a tizzy. It\u2019s the guidance they offered for their fourth quarter, which is calendar third quarter. Apple is like the United States; their fiscal year begins October 1, so their fourth quarter is the September quarter.<\/p>\n

And their projection, their guidance — companies are required to do this. They are required to tell analysts and the world what they think their best estimate, not a guess, not allowed to guess, their best estimate of total revenue for the next three months will be. And there are penalties if they are way off either way. So they have to study it and they have to get as close as they can. There is leeway.<\/p>\n

Many companies, when reporting their guidance for the next quarter, try to underreport it so that they can always show themselves beating the guidance, which is a psychological positive. The reason is the guidance for Apple was so intriguing to people is because the new iPhone is going to be the first iPhone with a redesign in three years.<\/p>\n

And for those of you who don\u2019t keep up with all this, the rumors on the new iPhone have been just all over the place, but the leading, dominant rumor is that it\u2019s delayed, that it won\u2019t be on time. And that even if it is on time, it\u2019s going to be in such limited quantities that nobody\u2019s gonna be able to get it! And if you\u2019re an Apple investor, that\u2019s not good news, because if you can\u2019t get it, you can\u2019t buy it. And if you can\u2019t buy it, Apple doesn\u2019t get the revenue and then their quarter doesn\u2019t turn in as well, as good as the investors want.<\/p>\n

Apple\u2019s guidance yesterday is being widely analyzed to mean that the phone will be on time. And that\u2019s why Wall Street has gone nuts. Apple has recorded an all-time high in after-market trading yesterday and opening market trading on NASDAQ today. They projected revenue between 49 and $52 billion, and that is much higher than the same quarter they projected a year ago. That\u2019s the comparison, year over year.<\/p>\n

And the phones were on time last year, but, as I say, they were an iterative update design-wise. I mean, the guts of every iPhone is a massive improvement. Every iPhone every year is a quantum leap over the prior year. But in terms of mass consumption people look at the design and if they don\u2019t see that it looks any different then it may not be any different and they may not be as interested in it.<\/p>\n

So this iPhone 8 probably — it won\u2019t be called that. I\u2019m predicting it\u2019s gonna be called the iPhone X for 10 or the iPhone Pro. And I think it\u2019s gonna be purposely limited quantity. And if you care why, I\u2019ll get into it later. But you know what this phone is? The iPhone — let\u2019s call it 8 since I think that will help most people understand. The iPhone 8 is actually an iPhone way ahead of its time. There are technologies in this phone that Apple, if it weren\u2019t their anniversary year, would not be bringing out.<\/p>\n

\"\"Apple has a problem when they manufacture iPhones. Every part in the phone they have to be able to get hold of 200 million of them, 200 million chips, 200 million displays, 200 million hard drives or NAND flash storage, 200 million of everything. That limits the technology that can go into the phone. The newer the technology, the tougher it is to mass produce at affordable prices. The newer the technology the less of it there is because it\u2019s in its early phases.<\/p>\n

But because this is in an anniversary year, I think Apple is doing something they\u2019ve never done. I think they\u2019re building a phone that has technology in it that they probably wouldn\u2019t do this year if it weren\u2019t — for example, best guess — and it\u2019s still a guess, but it\u2019s educated. In this phone, the fingerprint ID is gone and instead facial recognition is going to be how you secure the phone and do Apple Pay.<\/p>\n

3D infrared facial recognition. Remember, facial recognition has to work at different angles with the phone laying on the table. It has to work at night. It has to work in the dark. It has to work in every possible lighting scenario you can imagine.<\/p>\n

So it\u2019s gonna be IR. This technology cannot be mass-produced. I don\u2019t think they can make 200 million, at least in the first six months. I think this phone is gonna be priced through the roof. This phone might — at its peak, at its maxed-out configuration — cost as much as $1400 to limit demand because they can\u2019t make 200 million of them. So they\u2019re gonna have the 7s and the 7s Plus and then this new one which everybody is gonna want. It is gonna be in constant shortage. They\u2019re never gonna be in balance on supply-demand with it, and Wall Street\u2019s gonna love that.<\/p>\n

It\u2019s just like their AirPods. It came out last October and it still takes six weeks to get them when you order them. Last year, the iPhone 7 Plus, the big one, was announced on launch day. But you couldn\u2019t get it if you missed… They only had two or three million of them on launch day. If you didn\u2019t get one of those, it wasn\u2019t until November. It\u2019s gonna be the same thing with this iPhone 8 or X or Pro or what have you, but it\u2019s gonna be something. It\u2019s gonna be smaller. It\u2019s gonna be the same size as the iPhone 7, but it\u2019s going to have a screen that\u2019s about as large as the 7 Plus.<\/p>\n

So people hate the big phone but buy it for the big screen. They\u2019re gonna be able to have two in one. I\u2019m not particularly crazy about a phone that small, but I\u2019m not the mass market. It\u2019s gonna be big. There\u2019s brand-new battery technology in it. It may have battery life that\u2019s equitable or similar to the 7 Plus, which is… The tech in this phone, just trust me — and Wall Street is all over this. The reason for this, folks, is that Wall Street… It\u2019s not just Apple. Wall Street\u2019s going crazy here, 22,000.<\/p>\n

But it\u2019s interesting that the people getting rich off of the Dow Jones Industrial Average, the stock market, are not Trump voters, are they? I mean, some of them are in there. But it might be accurate to say that the people who are benefiting from this massive run-up in the stock market are actually people that did not vote for Trump and do not support Trump. It doesn\u2019t mean anything. It\u2019s just a little dichotomy. It\u2019s an interesting thing to me. I don\u2019t think it\u2019s gonna matter. It\u2019s just an interesting observation.<\/p>\n

But Trump\u2019s out there touting it, and there are many reasons why the stock market is up. There\u2019s another reason besides all this Apple stuff. The other reason is they are expecting massive tax reform. This massive expansion of the stock market (we\u2019ll call it the Dow Jones Industrial Average), do not doubt me: Much of it — not all of it, of course. Much of it is rooted in the belief that there will be significant corporate and capital gains tax reform, and they have believed this ever since Trump was elected.<\/p>\n

\"\"It was a major part of his agenda during the campaign, and he has continued to discuss it, and it remains a focal point in the Trump agenda. But it doesn\u2019t look… Newt Gingrich has another tweet out today (summarized): “If you don\u2019t get this done, say ‘hi\u2019 to Speaker Nancy Pelosi,” if you guys don\u2019t get tax reform done. Well, there\u2019s a problem here: The Republicans on Capitol Hill don\u2019t want to help Trump get anything done. I have been trying to tell people this for the last six months. Well, let\u2019s be conservative and say the last four months.<\/p>\n

It has been abundantly clear to me that the Republicans are not interested in Trump succeeding. Certainly the Democrats aren\u2019t. That\u2019s not even arguable. Now, the Republicans not interested in Trump succeeding? There are many reasons. One of the reasons is that they are members of the establishment. The establishment doesn\u2019t want the outsider succeeding. Been through that drill; you know it. There\u2019s another possibility. Trump\u2019s approval number has fallen to 38% at Rasmussen. Rasmussen is the, quote-unquote, “friendliest” poll that Trump has had.<\/p>\n

When all the Drive-By polls had Trump at 42, they had him at 48. When the Drive-By polls plunged to 40, Rasmussen had him at 45. Now, Rasmussen has him at 38. This is lower than at any time in the Obama administration. What this means is that Republicans on Capitol Hill are looking at their president saying, “This guy is not popular. There\u2019s no way I\u2019m gonna line up with him! He\u2019s not popular.” So it\u2019s a double whammy with Trump attempting to get support and help from the Republicans in the Senate.<\/p>\n

Now, Paul Ryan (interesting) got on a horse and drove around the Mexican border and all of a sudden has become a big proponent of a wall now. Did you see that? (interruption) Oh, yeah! Cowboy Paul Ryan, a big advocate for the wall now. There\u2019s a picture of him on the horse. Well, he not on the horse; he\u2019s standing by the horse. Presumably, he just got off the horse. Maybe was getting on the horse. But he\u2019s become a big advocate for the wall.<\/p>\n

But the Senate Republicans are just not interested in helping Trump, and I think it\u2019s a combination of the fact it\u2019s establishment versus outsider, and the fact that he\u2019s unpopular in their eyes. Not with his base, but with everybody else. And what sense does it make to latch on to some unpopular president\u2019s agenda? It gives \u2019em a natural out on things like what he wants to do for health care, tax reform, and other things.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: This is Trump. After the details of the immigration plan were announced by Cotton and Sonny Perdue, Trump talked up the stock market and the economy.<\/p>\n

THE PRESIDENT: The stock market hit an all-time record high today, over 22,000. We\u2019ve picked up substantially now more than $4 trillion in net worth in terms of our country, our stocks, our companies. We have a growth rate, a GDP which has been much higher than, as you know, anybody anticipated, except maybe us. But it\u2019s gonna go up. It\u2019s gonna go higher too. Foxconn is going to spend $10 billion in Wisconsin and other places. And I think the $10 billion is gonna end up being $30 billion. They make the iPhones for Apple and others and it is a truly incredible company. So we have a lot of things happening that are really great.<\/p>\n

RUSH: Now, Foxconn, they are negotiating to build a factory in a pretty wide area of southeastern Wisconsin<\/a>. They\u2019re not gonna make iPhones there. Those will remain manufactured in China. What the Foxconn plant will produce in Wisconsin is LCD screens, which, if you have an iPhone now that\u2019s what\u2019s in your screen. But they\u2019re not gonna be making any for the iPhone.<\/p>\n

What they\u2019ll make is LCD screen for TV sets, for the dashboard screens of automobiles and other assorted and sundry devices that use LCD. The trend in iPhone displays now — well, mobile phone displays, is for OLED, which is a different kind of display, light emitting diodes. It\u2019s much tougher to make. The yield rate on them is very low, so they\u2019re expensive. And that\u2019s another reason why the iPhone 8 probably will be limited in quantity.<\/p>\n

\"\"Samsung\u2019s the only manufacturer of those things, and they haven\u2019t reached mass production level on \u2019em like they have LCDs. But still the Foxconn deal is a big, big deal, and I don\u2019t think it\u2019d be happening if Trump hadn\u2019t made a push during the transition, the early days of his administration for things like this. There\u2019s no question that this is not something Obama would have pursued. And I don\u2019t think too many other people would have, because they would have not thought it possible.<\/p>\n

Why would a Taiwanese company with most of its business in mainland China and Hong Kong open a plant in the United States? But for the reasons that Trump has elucidated in the past and just the energy he\u2019s put into it, it looks like it\u2019s gonna happen. There are still some things that have to be overcome, like they\u2019re asking for huge tax breaks in Wisconsin, Foxconn is. And there\u2019s gonna be opposition to those because they\u2019re pretty significant, the tax breaks that are being requested.<\/p>\n

It will create beaucoup jobs, but people are gonna say, “What is it gonna cost to create those jobs in terms of the tax base?” I think it\u2019s all gonna end up working out. I think Foxconn is gonna end up locating in southeastern Wisconsin, but it\u2019s gonna be a battle. But, again, bottom line, I don\u2019t think it would have even been up on the radar if Trump had not spearheaded such thinking and such an effort.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Steven in Boston. It\u2019s great to have you, sir. How are you?<\/p>\n

CALLER: I\u2019m great, Rush. Thanks so much for taking my call.<\/p>\n

RUSH: What part of Boston do you live in, Steven?<\/p>\n

CALLER: I actually live west, metro west Boston. Allston, Massachusetts.<\/p>\n

RUSH: I found a great cigar bar in the north end.<\/p>\n

CALLER: Oh, yeah.<\/p>\n

RUSH: I\u2019d have to get the matches from my briefcase to pronounce the name, but I was stunned. It\u2019s on a street with massive, great restaurants and so forth, just a great part of town.<\/p>\n

\"\"CALLER: Little Italy.<\/p>\n

RUSH: Yeah, exactly. Exactly. And the cigar bar is right in the middle. You go downstairs and it\u2019s this massively great room. Sounds like you\u2019re familiar with the area, which you would be.<\/p>\n

CALLER: I am.<\/p>\n

RUSH: It was new to me. Anyway, what\u2019s up?<\/p>\n

CALLER: Anyway, I wanted to share a little story that I found interesting and thought you might find interesting also. I was having lunch with my cousin and her husband after golf. We stopped in for sandwich and a beer, and they know I\u2019m obviously a Trumper, and they are as liberal as you can possibly get. I don\u2019t usually talk about politics, but usually she\u2019ll sneak something in, some type of dig, and she did.<\/p>\n

And I said, “You know, June, what has changed in your life since Trump has been elected, good or bad? Just name one thing.” And they both looked at me and they couldn\u2019t say anything, and then she all of a sudden says, “My 401(k) plan is going ballistic.” And I said, “Bingo, to quote James Carville, ‘It\u2019s the economy, stupid.'” And boy, you wouldn\u2019t believe how fast they changed the subject out of politics. So I think I found how to beat these guys. I mean, you usually can\u2019t win speaking with a liberal. It\u2019s useless debate.<\/p>\n

RUSH: Now, let me make sure I understand. You pointed out to them that their 401(k)s are going through the roof during the Trump presidency.<\/p>\n

CALLER: They pointed it out to me and I said bingo.<\/p>\n

RUSH: Well, yeah, you should have guilted the hell out of them. You should have said, “How in the world can you sit there and brag about your 401(k)s going up while Trump\u2019s in the White House and people are suffering? Trump\u2019s an idiot, right? And you\u2019re benefiting from it? You\u2019re hypocrites.” You know, that\u2019s how I would deal with \u2019em. Everybody has their own way. But they wanted to change the subject, huh? There\u2019s no way you are a gonna change their mind. They\u2019re just gonna change the subject.<\/p>\n

CALLER: No. It\u2019s useless. And that\u2019s why I really don\u2019t even talk politics. I live in Massachusetts. I mean, you know, I think the last four heads of the Senate are indicted, convicted felons.<\/p>\n

RUSH: Well, as you learned, I mean, when you talk to liberal Democrats, you\u2019re not really talking to their minds; you are talking to their emotions and the massive amount of disinformation they have absorbed and believed. And that\u2019s the biggest obstacle. They believe the rotgut that they have heard in the media they consume. They don\u2019t question it because they\u2019re not critical thinkers; they just absorb it. And then they regurgitate it, but they\u2019re not able to back it up or explain why.<\/p>\n

\"\"And if you don\u2019t accept it, then they want to change the subject, because you\u2019re too stupid, you\u2019re too closed-minded, you\u2019re hopeless, you\u2019re impossible. Your technique is especially effective, though, when you point out their 401(k)s never had this happen when Obama was in the White House. That\u2019s why I would have guilted them. I would have had fun with that, since they do that to everybody else.<\/p>\n

Ed, Stockton, California. Great to you have. You\u2019re next. Welcome to the program.<\/p>\n

CALLER: Thank you, Rush. I had another take on the earnings forecast for Apple. About a year ago, my nine-year-old son was diagnosed with type 1 diabetes, and for the past year we\u2019ve learned to deal with that. One of the big rumors out there, as far as the diabetic blogs, is this Apple generation 3 watch is gonna have a noninvasive glucose monitor as part of the feature. And if that is true, that is gonna be a huge, huge selling point to the diabetics in this country. And to accompany that watch everybody that needs the watch as a child that you normally wouldn\u2019t provide an iPhone for is gonna be packing an iPhone with them to go along with that watch. That data would be invaluable.<\/p>\n

RUSH: This is true, this is absolutely true. What I\u2019ve heard about this — and it would be watch series 3, you\u2019re right. Watch series 3 will come out in September or October along with the new phones. Nobody knows what it\u2019s gonna contain specifically. It\u2019s not nearly the interest to probe the supply chain to find out the intricate new ingredients. But this glucose monitor has been rumored in a new watch band. The thing about the Apple Watch is the sensors are the sensors, and there\u2019s no redesign contemplated, but the watch band holds the potential for additional sensors, additional external batteries.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Now, on this noninvasive glucose monitor that is being rumored. Much of what Apple is doing is rumored because of the fascinating interest in it. What I\u2019ve heard about this is — and I don\u2019t think it\u2019s imminent. I don\u2019t think they\u2019re there yet, a noninvasive glucose monitor. For people with diabetes (type 1 or type 2), you have to prick the skin, get a blood drop, put it on a stick. The stick reads the glucose count, the blood sugar. Whoever comes up with a way to do this without pricking the skin and taking a drop of blood is going to (chuckles) own whatever he wants to buy.<\/p>\n

\"\"Apple is rumored to be working with the FDA on this. Now, what I\u2019ve heard is that the sensor or the technology to do this will not actually be in the watch, that it\u2019ll have to be in a band, a special band where the — we\u2019ll call it the “sensor” for now. I don\u2019t know what actually the technology will be. But the watch band holds all kinds of expansion possibilities. The watch is a finite space. You need a battery in there that will power the thing. You need the chip.<\/p>\n

You need the hardware inside that watch. There\u2019s already the heart rate monitor, a number of other sensors that are on the actual bottom of the watch that come in contact with your skin. I don\u2019t think that a glucose sensor is part of them, although they can add these things as they are developed and invented. But I don\u2019t think the hardware of the watch is gonna change. The design, the industrial design of the watch isn\u2019t gonna change from everything I\u2019ve heard.<\/p>\n

Now, watch OS 4, which is the next software upgrade (which is in beta and I\u2019m running it right now) has a couple of fascinating additions but nothing along the lines of that. Of course, that wouldn\u2019t show up in a beta. What is there is, like, a new ski workout in addition to swimming workout that they introduced last year. But the sky\u2019s the limit on this, and who knows what they\u2019re working on. When I hear that they\u2019re working on possibly of glucose monitors noninvasive in the watch band, you can put an external battery in the watch band.<\/p>\n

There\u2019s a small, tiny little port on the watch (if you know where to look for it) that is used for service if you have to take it to one of the “geniuses” at the Genius Bar. The customer\/consumer is never supposed to touch the thing. If you do, you\u2019re voiding the warranty and everything. But man, they\u2019re on the cusp. This augmented reality that they\u2019ve already introduced in the beta software for the iPhone and the iPad? It will blow your mind what you can do with it right now on existing iPhones. I love to demonstrate one thing.<\/p>\n

Apple has, as part of their Maps app, something called Flyover. They bought a company that creates 3D maps. They\u2019re not pictures. They\u2019re actual 3D maps. In the cities where this is, you activate\/turn on the 3D on the map and you can actually see downtown Paris or Rome or San Francisco, anywhere, in 3D. Flyover is an automated feature that takes you on a tour that Apple programs. You don\u2019t have to touch anything. It just happens. So when you call up Flyover, rather than cap on the button to start it if you\u2019re running an iPhone…<\/p>\n

I think it\u2019s 7, even a 6s, but you have to be running the iOS 11 beta. You can actually walk through downtown Rome without ever touching the phone. Just walk, and it will appear as though you\u2019re in Rome and walking down the street. You could walk to the Vatican, you could walk to the Colosseum, and you can pan left and right just holding the iPad or the iPhone and (because of the augmented-reality chip) you will actually change what you see of the city that you\u2019ve called up. In other words, you don\u2019t have to use touch controls on the screen for any of this to happen.<\/p>\n

And as you walk forward, you get closer. You appear to get closer to what you see on the screen. If you walk backwards, you get further away from it. This is just rudimentary stuff. What is gonna happen by the end of the year when this gets released in September then developers create apps for it? It\u2019s gonna be mind-boggling! Both the game and the commercial applications are gonna be possible here. We can\u2019t even conceive of it. So the fact that Apple may be working on a glucose monitor that\u2019s noninvasive?<\/p>\n

\"\"They\u2019re rumored to be in talks with the FDA, and you have to have the FDA approval for that. When you have a consumer product that then becomes regulated by the government, the FDA, that is a massive change in relationship between the company and the government. It\u2019s a big step for them to take if they decide to do it. But the caller was right. If they were ever to do it, you need an iPhone for the watch to work. If you\u2019re gonna have a six-, eight-, 10-year-old kid who has type 2 or type 1 diabetes, for the watch to work, for the glucose monitor, the kid\u2019s gonna have to have an iPhone.<\/p>\n

The point is the sales potential here, and his point was that Wall Street\u2019s looking at things like this, too, and anticipating massive growth from Apple — and, of course, growth projections? Wall Street lives and dies with these things. Not current results, but what they think the future holds. Anyway, I could spend a lot more time on all of this, but I know many of you have an anti-Apple bias simply \u2019cause I like it.<\/p>\n

You\u2019re get tired of me talking, right? (interrupting) Or do they not? (interruption) Well, not Samsung people. But I mean the Stick-to-the-Issues Crowd. Me talking about Apple is the same thing as talking about my last trip to the golf course. “Stick to the issues!” Or they say, “Apple\u2019s a bunch of commie leftists. What are you doing even promoting them? You\u2019re a traitor!” I hear that too.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: The people who are benefiting from this massive run-up in the stock market are actually people that did not vote for Trump and do not support Trump. Just a little dichotomy. It's an interesting thing… This massive expansion of the stock market — do not doubt me — much of it is rooted in the belief that there will be significant corporate and capital gains tax reform.<\/p>\n","protected":false},"author":49,"featured_media":242912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\nStock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Stock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The people who are benefiting from this massive run-up in the stock market are actually people that did not vote for Trump and do not support Trump. Just a little dichotomy. It's an interesting thing... This massive expansion of the stock market -- do not doubt me -- much of it is rooted in the belief that there will be significant corporate and capital gains tax reform.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"George Prayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"22 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg\",\"width\":600,\"height\":315},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#webpage\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/\",\"name\":\"Stock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#primaryimage\"},\"datePublished\":\"2017-08-02T16:15:00+00:00\",\"dateModified\":\"2017-08-03T19:50:53+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349\"},\"breadcrumb\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stock Market Hits Record High — Fueled by Apple and Tax Reform Expectations\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349\",\"name\":\"George Prayias\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g\",\"caption\":\"George Prayias\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/georgeeibnet-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/","twitter_card":"summary","twitter_title":"Stock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show","twitter_description":"RUSH: The people who are benefiting from this massive run-up in the stock market are actually people that did not vote for Trump and do not support Trump. Just a little dichotomy. It's an interesting thing... This massive expansion of the stock market -- do not doubt me -- much of it is rooted in the belief that there will be significant corporate and capital gains tax reform.","twitter_image":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg","twitter_misc":{"Written by":"George Prayias","Est. reading time":"22 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg","contentUrl":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/08\/FB-080217-Wall-Street.jpg","width":600,"height":315},{"@type":"WebPage","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#webpage","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/","name":"Stock Market Hits Record High - Fueled by Apple and Tax Reform Expectations - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website"},"primaryImageOfPage":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#primaryimage"},"datePublished":"2017-08-02T16:15:00+00:00","dateModified":"2017-08-03T19:50:53+00:00","author":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349"},"breadcrumb":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2017\/08\/02\/stock-market-hits-record-high-fueled-by-apple-and-tax-reform-expectations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/live-rush-limbaugh.pantheonsite.io\/"},{"@type":"ListItem","position":2,"name":"Stock Market Hits Record High — Fueled by Apple and Tax Reform Expectations"}]},{"@type":"Person","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/a2bc43fbe4b4e1ff4d1f092c6086a349","name":"George Prayias","image":{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a43c262983f0228d5f474ce08e691cf9?s=96&d=mm&r=g","caption":"George Prayias"},"url":"https:\/\/www.rushlimbaugh.com\/daily\/author\/georgeeibnet-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/242903"}],"collection":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/comments?post=242903"}],"version-history":[{"count":20,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/242903\/revisions"}],"predecessor-version":[{"id":243171,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/posts\/242903\/revisions\/243171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media\/242912"}],"wp:attachment":[{"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/media?parent=242903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/categories?post=242903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushlimbaugh.com\/api\/wp\/v2\/tags?post=242903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}