Well, good thursday morning and welcome to squawk alley. Im Morgan Brennan with david faber and mike santoli, live from post 9 here on the floor of the new york stock exchange. Carl and jon are both off this morning. Stocks are staging a recovery today. S p coming off its largest comeback since december of last year on pace for its Third Straight day in the green, but is todays rally sustainable or is more volatility ahead . Key question for investors joining us now is Wells Fargo Asset Management multiasset strategist, brian jacobson, and invesco, vice chair of investments, krishna mumani. Krishna, ill start with you what do you think . More volatility ahead . I think volatility is to be expected in a stock market thats dealing with lots of issues but at the end of the day, the real question is, where do we go from here . And as the economy stabilizes in the second half and trade issues dont get exacerbated further, the markets are probably going higher rather than meaningfully lower.
10 00. Yes, our 10 00 get, Peter Navarro, looking forward to that as well. First hour, lets get to our road map renewed trade uncertainties, of course, thats what were talking about just now, weighing on stocks. The s p is poised to pull back from that record as the Trump Administration now threatens new tariffs on the eu. And as jim just said, white house trade adviser Peter Navarro will join us, first on cnbc interview. News, news, news, news. It should be. Always enjoy having mr. Navarro. Plus, cook, absurd and dont match with reality apple ceo tim cook blasting reports of tensions with jony ive. We have in nike backlash, the Company Cancels plans for some sneakers a big issue, but some sneakers they were going to put out with an early version of the American Flag you know their Customer Base my father, his workshop, we went there 50 times, across the street, and i just i know the countrys a changed country, but that is kind of a proud art of the philadelphia tradition but hey, you
investment at global welt management your fast money debut. yes. thank you, welcome good to be here. and scott s debut as well. first of all tim talking about it happens in new york subways break down he is on a subway. rafi is watching. rafi watching. give him a shout out. it will be great. ton on fast the earnings bonanza continuing in video, roku and the reaction all three stocks here trading up nicely in after hours. plus, scott, you don t know this we do a mystery chart. sure we do. it s a chart. it s a mystery after a volatile thing is poised to pop we find out what it is and today but the market says the musir tesla. you figured out the video tonight. we re shaking it up a bit. change is good we mitt the microin specific stocks you come to love on the program. but given all the stuff going on coronavirus, the fed s non-q.e., q.e. central bank easing we re going macro. having laura and scott gives us the perfect desk welcome to you both. scott you
John fortt is live in las vegas at this years Consumer Electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btigs managing director, andy hargreaves, Senior Research analyst. Good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. How much of a catalyst is ces this week . Theres always something that becomes the theme of the show, but it doesnt always necessarily translate into a lot of revenue and Earnings Growth we talked about Artificial Intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didnt really materialize in anything that significant for these companies. So its fun to see new products and hear a lot of the teams update investors to start the year off, but i wouldnt get too overboard on it impacting 2018 or g
Today, boss tick and caplin, claims fall to 222 roadmap begins with rate shock jitters as investors continue to digest the hint on hikes. Could the ecommerce giant account for 25 of the s p 500 gains this year such as netflix and microsoft. Walmart looks to challenge target and amazon making a big investment to boost online sales for home goods. Stocks are looking to rebound from the big swings on wednesday. The dowrose more than 300 points and only to give up gains and finish down 167. The blue chips and s p in the midst of a twoday losing streak and nasdaq is down for three days and has not had a fourday losing streak since november of 2016 thats how long its been for the nas. It looks like they were going to be in good shape yesterday and held onto the gains until the digestion of the fed minutes and amazon crossed 1500 for first time and fang really powered the nasdaq higher until of course, the minutes. Now the journal is looking at individual stocks that are responsible for the y