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
Stocks of companies with obviously great fundamentals but a Battle Ground with fire. And madness. Count me out too much effort. Sometimes though you have to take a stand and in a market like this one where the bullish animal spirits can bowl anybody over. Including today the dow inched up 30 points s p advanced and then some battlegrounds, even for me, too tempting to ignore thats why i have been taking a stand with tesla i might have gone back and forth, two of the biggest hornets nests of our time what separates the tesla a battleground stock that i feel compelled to champion from the netflix which i lost conviction in championing it for years at lower levels okay, all my career i have been fascinated by companies with vociferous bulls and ferocious bears if only because theyre so entertainling. Three things distinguished the stocks from regular run of the mill equities. First, theyre cult like the house of pleasure. People buy them because they love the product and the product trans
And blame baby yoda. Fresh numbers this morning on disneys new streaming Service Coming in as Worldwide Exchange begins right now i need a hero, im holding on for a hero till the end of the night hes gotta be strong and hes gotta be fast good morning, and welcome to the show im dominic chu in this morning for Brian Sullivan it is tuesday, november 26th, 2019, and what a difference a deal or two or three makes stocks coming off another recordmaking day with the s p and nasdaq both hitting record highs. The dow surging triple digits early in the session and really never looked back, partly in thanks to a huge merger monday more than 50 billion in deals sealed in one day alone. Topping that list, a 26 billion deal, a tieup between Charles Schwab and Td Ameritrade for that retail brokerage business on the heels of those numbers, heres how you and your money are looking this morning stock futures indicating the dow will open marginally lower by just about 17 points, again, from near recordh
Renewed china trade optimism set to fuel further gains of the open retails big week and the tariff impact into the holidays. Best buy, dicks, dollar tree, abercrombie among the retailers reporting today. And ford challenging tesla to a apples to apples tug of war between pickups and elon musk says bring it on three major indices saw record closes, top trade negotiators from the u. S. And China Holding a phone call earlier this morning the two sides continue to work toward a phase one trade agreement. Trade rep lighthizer, mnuchin, both participated in that call and both sides agree to remain in contact over remaining issues on twitter, you said the phone call last night was very important in terms of furthering a deal yeah. It is real ive been skeptical. This was a real call phase one probably happens Financial Services get opened up president may believe that intellectual property is for real that instead of just a soybean buy, a promise to they would respect intellectual property. Do
If you are looking for leadership in the market, you are going to find it in real estate. That is not necessarily encouraging. Secondbest performing sector is consumer discretionary. This is typical this time of year. You see a lot of retailers being bid up ahead of the black friday shopping season. You are also seeing a lot of the big retailers and apparel makers getting bids higher here. Then we take a look at treasuries. Third straight day weve seen a bid going back into treasuries. A lot of this is actually a little more on the short end of the curve. Seeing a lot more bids in the twoyear space rather than the 10. That is creating steepening, but still, the flattening over the past six or seven weeks still pretty dramatic. Gold rebounding off its lows for the day. It had been down. A lot of bearish notes coming out saying that the gold rally may finally have run out of steam. We got some data out of china showing purchases there, imports into the country have fallen. We also had so