Seymour, dan nathan. Gina sanchez ce of, good to see you. Lets get to it we start with a selloff. Another rapid reversal in the markets today. Earlier this session, stocks were actually higher hard to believe, but true. The dow is back up above 28,149, but only for a cup of coffee before more headlines begin crossing and more selling programs hit and the market turns south, the cdc saying the u. S. Has done a pretty good job so far with rapid response, and coronavirus cases are still very low. It also warned that the virus could hit us as well that will likely take down Economic Growth and earnings projections. So guy, nearly 2,000point haircut in 48 hours of trading is there anyplace to hide, any way to protect our viewers and listeners portfolios today i think weve done a decent job leading people down that path it comes in the form of bonds as weve talked about for months and the gold market as well. You can say the gold market sold off today. Yes, thats the case, but i still think
Resorts. Should investors roll the dice it is our call of the day. The Investment Committee is ready to go. Halftime report starts right now. Welcome, good to have you with us on this tuesday. Our Investment Committee here today, joe terranova, stephly link lets begin with this recordsetting market. The big downgrade for apple after the epic run, shares up 90 last year. Keeps hitting new record highs as do the averages, dow and s p at new highs today about this downgrade on a number of levels, apple specifically is there a message within that for other stocks that have had meese meteoric rises start with apple cramer said if you are not in the stock, dont buy it. Wait to see if earnings live up to what the stock has done. Makes sense i did something that was not disciplined. I bought calls yesterday on apple on the way up side the reason that triggered me was there was monsterous call buying when it was trading in the 290s there was massive when i say massive we dont see that kind of p
Sitting out the dow on the unending run but chart manafort carter worth thinks its about to change. What is is the chart send in your guess we start with you guess to do new records. More records on wall street. Stocks really in uncharted territory nearly every single day now. The s p 500 closing out the best week since Early September and fun fact, today was the biggest volume day of the year. Stop. Quad ruple but things can be scary at the top accounts are going up. And the question you ask yourself and us, how do i position myself as we enter the final trading days of the year and next year when guy its not just about this year its been a heck of a eight, nineyear run. A lot of people thinking do i need to protect myself a bit on our portfolio has done well. Hi, brian. Tim. How are you somebody sir, nice to see you. I think for a long time earlier in the decade they bought protection appear they said why, it expires the market just goes up and they started selling options which cbw
Flight shaming is on the rise and one analyst says they will take a bigger hit than wall street expects as power lunch begins now welcome. Tomstoc stocks are under some pressure now. S p 500 back towards 30. Were still less than a percent away from record highs apple, one bright spot the stock is up after 2 well have much more on this later this hour. Kelly. That weak manufacturing gave us stocks lower today. Is it just pause on the race to more record highs or will recession fears hold us back again. Chinese officials skeptical as the u. S. Might not be able to do a long term deal. Its trade related this is whats happening today you could see this in the revers reversal the fed engineering has really helped banks for this month. Look down today and it says late yesterday and thats creating havoc with banks they have been big market leaders all throughout the month of october were seeing very heavy volume market concerns. We had some very light volume. Well see if that changes today. W
Expects to resume deliveries of the 737 max as early as next month and that airlines could be able to restart commercial flights in january lets get to phil lebeau with all the details on this. That was a heck of a move by boeings shares today melissa. It comes down to whether or not you buy into the latest timeline that boeing is putting out heres what it stands at right now the company says that it expects to have a certification flight by early next month, could happen late this month but you have that certification flight leads to the faa certifying the plane by middecember, freeing them to begin deliveries so thats the first part they could start delivering planes, perhaps by the end of the year, to some customers. Theoretically at the same time Pilot Training rules will be set and theyll be locked in by perhaps midjanuary. So if you are an airline and youve got the pilots trained and youve got the fixed aircraft, commercial flights, theoretically, could begin by the end of januar