Mike u. S. Stocks to some degree have brushed off the tweets from President Trump this morning criticizing china. Soybeans fell to a seven low today. This is after President Trump criticized china after criticized china for not increasing American Farm imports. Trade war worries have people away from soybean market. Open interest in soybean contracts have fallen to eight fouryear low. Wheatcotton, some contracts all off. Forecasts for cooler weather in midwest also plan on playing on prices. Benign weather should help crops behind in development after a rainsoaked season. Ag commodities are a little bit more pressure, but we do have commodities that double as currencies, like silver, up for the 2nd straight day. It is up ahead of the fed meeting as they aresing also piling into more options. The volumes of calls and puts surged this month. 2010,ghest since november and a sign of greater speculative interest in that market. Silver comes more into this picture as silver futures head for
Year can it keep rolling on mad moneys jim cramer is with us for the hour the Halftime Report starts right now. It is great to have you with us on this monday. Our Investment Committee today, joe terranova,ster know, and jon najarian and cnbcs jim cramer, host of mad money. Always great to have jim on the desk earnings economy and Rate Decision front and center and President Trump firing off on the fed once again tweeting that the fed raised rates too early and too often and said a small cut isnt enough meanwhile janet yellen giving her thumbs up for a cut. Although the u. S. Is doing well, i would be focused on wanting to keep it doing well, to keep the expansion on track, and i think in light of the risks, i would be inclined to cut a bit. I wouldnt see this as the beginning unless things change, of a major easing cycle. Cnbcs senior economics reporter Steve Liesman is here as well to give us his two cents and much more, i hope. Its a foregone conclusion in terms of what the fed will
Market converge over the next few days. First there is t earningss is the busiest week for Quarterly Results of the season. Then there is the Federal Reserve which begins the twoday policy meeting tomorrow with the decision on Interest Rates due wednesday. Trade talks between the u. S. And china are set to resume. And the nations labor market which has been fuelling the consumer comes into f the release of the monthly jobs report. But today investors were willing to wait and see what happens. With the major indexes hovering around ae high. The dow jones average wast 28 po to 27,221 and the nasdaq fell 36 and the s p 5 was down 4. Bob pisani has more on what lies ahead for investors. The calm before the storm. The market is bracing for the busiest week for earningsnd the Global Economy and fed meeting. So investors are reassured bytr e talks havent blown up and Central Banks are keepite st rates low and will continue to do so and third earnings are n collapsing. They are flattish but no
This morning that the economy added 224,000 jobs last month, far more than expected. The Unemployment Rate ticked higher to 3. 7 , in part because more people enter the labor force, but that number is still historically low. And while thi latest jobs report is clearly positive news about the economy, itay make it harder for the Federal Reserve to cut Interest Rates at its meeting later this month, and that sentiment pulled stocks back from their alltime highs we hit onednesday. Do industrials fell 43 points to 26,922. Nasdaq was down 8, the s p slid by 5. Ylan mui h more on americas employment picture from washington. Reporter americas jobe market is ogain red hot. It even surprised president trump. Numbers this t morning. Jobs. K it was 224,000 those were really unexpectedly good. And our countryes contio do really well. Really, really well. So were very happy about it. Reporter businesses across almost every sector of the economy added jobs laston. Professional services added 51,000
The Halftime Report with scott wapner begins right now. Welcome, good to have you with you on a monday joe terranova, we have the chief Investment Officer and adam parker, ceo, and we begin be the markets. The stocks under pressure this hour follow through perhaps from worries that the strong jobs report may keep the fed from keeping Interest Rates as much as some hoped. Throw in some bignamed downgrades and big picture, joe, okay, we said Morgan Stanley, okay, they have been negative no big shock right . Mike wilson sat on this desk and you have got his view. Now they say theyre putting their money where they their mouth is lowest level in five years big reason lower returns. Al plain and simple. Right call or not . I disagree with the call. Disagree with the call because im not certain first of all, Morgan Stanley as a Wealth Management company, im surprised theyre not giving you where are you going with this capital. I dont want to put it in cash, im not emerging market bonds and In