Organization is warning countries that the coronavirus is literally knocking at their door. And i said yeah they should you get i mean i just wanted out of my situation i was going to try to get assuming you dont go down the road what are you going to school but im going to do that you will have. The same people close and i generally find a city just you know that old saying are going to die already down towards the people who are going to get out of it if you do theres some of that sort. Of for his part President Trump is now asking congress for 2400000000. 00 to battle the coronavirus and to help coal markets the president says the u. S. Has its situation under control. I think its going to be under control and i think i can speak for our country for our country is. Under control but again we do business with a lot of other countries we take care we work with other countries who are in other countries to be happy healthy and well theyve got to be happy healthy and well its very simpl
Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
Infected well now south korean officials have announced that they will test all 215000 members of that church south koreas number of confirmed infections has risen to 893 the largest number outside of china meanwhile iran is claiming that only 12 people have died from the virus in that country that claimed though goes directly against a claim being made by a local leader in coom who says that as many as 50 people have actually died in that city alone this is a rons Deputy Health minister has confirmed that he too has contract in the corona virus and has quarantined himself listen. I wanted to inform you that i am were on a virus positive i had a fever initial tests turned out that of late. Myself you know since last night i was told a few minutes ago that it was. Well all of this as the World Health Organization is warning countries that the coronavirus is literally knocking at their door. And i said yeah unless they should get i mean i dont know about it out of my kitchen i was going
Check out the shares of five below. We will tell you how low below could go power lunch starts right now and check out where we stand on the s p and nasdaq both in record territory not there just yet still below the key 29,000 level that it hit on friday. Thank you very much, everybody. Earnings season b, thats going to be your top macro story the next couple of weeks it is kicking off in a big way with big banks set to report tomorrow and this could be in some ways a make it or break it for stocks as a whole because earnings are expected to drop on average 0. 7 if they do, that will be the second straight quarterly decline. Back to bob at the nyc its not so much theyre down 0. 7 for the Fourth Quarter thats a concern for the markets because thats largely priced into the market and if we go where we normally go, that wil come up. Well end up to about 2. 5 overall. Its these numbers First Quarter and second quarter. They were much higher a few months ago while its typical for numbers to
The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s