Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
For sirera iara eisen. What recession a better than expected jobs report started the morning with an optimistic tone china says it has reached a consensus with the u. S. In this weeks trade talks and exxon ticking higher along with industrials and financials. And in just a few minutes, the actor who plays logan roy on hbos secession will join us on the cutthroat world of media competition. Hes going to be right here at post 9 joining us for the hour is kara fineman. Here we are sitting basically at the highs of the session i found it really interesting that yesterday the markets got pretty derailed by worries that the trade talks werent going so well today we have an agreement of principle and we really didnt move so much we have that other data out today, so its hard to really parse what to me, this kind of day seemed pretty goldilocks. You had a really good jobs number in the morning, right you had progress on china. Although ive got to say, im skeptical on every update that we get a
Europe is a big week personal income and spending is roughly in line. Our road map begins with apple, nearing an all time high, expanding ipad and air pod demand, Services Growth offsetting that demand social media twitter banning political ads, facebook defending its decision not to, saying, quote, its not all about money, facebook shares by the way rallying on those earnings head winds, markets are set for a mixed open, a report about chinas longterm doubts about a trade deal with this white house. Well begin with apple, though, higher than better expected revenue, despite iphone sales, results got a boost from stronger demand for ipads and air pods as well as growth in services they are issuing upbeat quarter guidance jim and josh lipton talked to tim cook about better sentiment in china as well. I was surprised with that, when talking with tim and with josh and on the street the whole tone of the discussion was that things are pretty much on track, more than we realize optimism by
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The half. Im scott pop ner the next flicks numbers hours away now, those earnings coming up can the beaten up stock get back on track it is 12 00 noon and this is the Halftime Report. Announcer netflix facing its final quarter of calm before the streaming wars with apple and disney begin, but investors need to tune into retail sales falling for the first time in seven months are cracks beginning to form in the consumer and what does it mean for the market . Amazon getting a huge price hike ahead of its earnings next week the traders take their position. The Investment Committee is ready to go. Halftime report starts right now. Good to have you with us on this wednesday, our Investment Committee, joe chenova, steve wise the count down to the netflix numbers, competitors lining up to do battle with that company pete, you own it. I do. I think you are the only one on the desk who does doc, you do. John, pete its not the same we have a lot of different strategies going on. There is competi