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Jim Paulsen: 'Full-on panic' is the buying opportunity; market hasn't seen 'ultimate bottom'

Jim Paulsen: 'Full-on panic' is the buying opportunity; market hasn't seen 'ultimate bottom'

Finance
Wall Street veteran Jim Paulsen doesn't think the market is necessarily done heading lower. For one, he thinks valuations are high. Plus, there hasn't been any real fear in the recent sell-offs. "It's always been really controlled and kind of calm throughout," the chief investment strategist at The Leuthold Group said Tuesday on "Closing Bell." "We never get a full on run to the Treasury. … You didn't have a run into the dollar today for safe haven, gold hasn't had a spike, the VIX didn't spike up any higher really than it's already been," he a...
BT loses TV rights for 'ultimate fighting' and NBA basketball

BT loses TV rights for 'ultimate fighting' and NBA basketball

Business
BT is understood to have lost the rights to broadcast NBA basketball and UFC ultimate fighting after walking away from a bidding contest."We won't bid any more than the rights are worth to us," a spokesperson for the telecoms giant told the BBC. The move comes weeks after BT lost the rights to Italian Serie A football.The firm spends around £1bn a year on sports rights, such as Premier League and Champions League football, a sum which some investors have criticised.BT's sports channels will continue to show NBA Basketball until the end of October and UFC until 3 December. BT boss Gavin Patterson to step down Eleven Sports win Serie A rights The loss means BT's sport channels will show fewer popular sports, but the firm's sp...
Trump says drug dealers may deserve 'ultimate penalty'

Trump says drug dealers may deserve 'ultimate penalty'

Health
President Donald Trump said Thursday the "ultimate penalty" may be in order for drug dealers because the nation's drug problem will never be solved without a show of strength and toughness. The comments were Trump's most explicit on the matter to date. He previously has alluded to death for drug dealers by noting that some countries are "very harsh" with drug dealers. Trump also has said he knows the answer to the drug crisis, but he isn't sure the country is "ready for it yet." In remarks Thursday at a White House summit on the opioid epidemic, Trump said drug dealers and pushers kill hundreds of people but that that most don't go to jail. "You know, if you shoot one person, they give you life, they give you the death penalty. These people can kill 2,000, 3,000 people and nothing happens...