Lunch starts right now welcome to power hundred mp. Indices hitting high caps today. Draw your attention to shares of netfl netflix. The stock jumping nearly 4 . The giant breaking out details on its International Data showing growth in markets like asia pacific, europe, middle east and africa. Thank you very much. Sharing of boeing slightly lower right now after being down 11 of the previous 13 sessions thats a streak. Impact of its shutdown of the 737 max production on the economy, not just on boeing. It will be a big deal. Tyler, it may be hard to imagine. The negative effect could be larger than last years government shutdown. The production is off as much of a half point mar began stanley looks for 0. 8 to grow. The problem is the First Quarter was looking weak now coming closer to 1 instead of the forecast 1. 6. That would make it one of the weakest growth quarters in several years. Growth expected to rebound on production but when is an open question Morgan Stanley writing in a
Hour dow down by about 40 points, nasdaq up about four points. Watching the treasury market, youll see the yield for the 10year is at 1. 875 we have a big dip in the bri british pound. It fell more than 1 the government is looking to make it illegal to extended post brexit exit period theyll have to the end of 2020 for the transition period. Thats the time the eu will continue to apply if still a member Boris Johnson wants to cap that period to just one year to help fast track a trade deal with the eu looking past you phil to phyllis here boeing is down five, so it is flat again yesterday, we would have been up a lot more boeg is suspending production. Boeing plans to reassign workers and doesnt expect furloughs or layoffs but it will have ripple affects and impact thousands of jobs over a ripple across the supply chain it is not going to hike. Phil is on set with us it is better they can save some money. I cant believe you could build four of those in a month, which tells you the size
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyre expanding their balance sheet. Low inflation around the world the need for capital to go where it gets rewarded and seek yield. All of these things, you throw them into the mixing bowl. Once again, all three of the major averages higher. Only slightly higher, but anything positive is
Yet a whole generation of people did realize, they did, that you shouldnt take on too much debt. That you should live within your means, you shouldnt recklessly flip houses or create Financial Instruments no one can understand its a bad idea to take out loans youll never be able to repay. Its an even worse idea for the banks to write those kinds of loans. Look, people, it is just a fact. We got more frugal in this country. We got less reckless in this country. We got more prudent. The same way that my parents generation learned not to trust banks for decades after the Great Depression listen to me, it did happen. Interesting date day for the average, dow gained 31 points, s p inched occupy. 03, nasdaq up 1 everyone seems to recognize this change in human behavior, everybody except for the barrish a armageddonists, they refuse to believe people can learn from their mistakes thats why they think the whole recovery and stock market is a sham, some pumped up Federal Reserve drama, the slum
Jinping. The world sector is leading the charge today while industrials lag. Joining us for the hour today is Barbara Duran from bda Capital Partners what a year its been. Were on a run well see how far the momentum can take us. What do you think . Its interesting. If you look back a year, the market was 14. 5 and now were at an 18 pe i think the market can continue. I think youve had positive feedback on whats happening in china. I think with the fed, easing three times when we expected them to raise, and global easing among Central Banks around the world, youve got great support for next year. And the valuation, if you just exit out the top five stocks, its 16. 5 and with Interest Rates this low, i think we have more to go. Well see what earnings do in the new year and that ultimately may be the tell on where stocks go from here. Lets focus in on the big stories. Bob is at the exchange and bertha is at the nasdaq, which is trying for its length straight day in the green, and less lee