Investors to take risk even with the pullback, dow slipping 130 points and nasdaq losing. 27 and what a week. We almost went to war and then we didnt go to war. We almost didnt get a trade deal and it is coming next wednesday. And then this morning we were worried the Labor Department report might come into too hot and they might mouth off about inflation and a bunch of governors speaking next week and that could have gotten ugly and how about a goldilocks job number, one that was not too hot, not too cold. You get that ive got to tell you, we created good jobs but we had sub 3 wage gain so the the feds should not be worried it could have been a lot worse since some of the shortfall related to a companys specific problems at boeing that just said the former ceo is not going to get severance the labor report was one reason to buy stocks and that is what happened this morning for even the most raging bulls either ran out of capital and got bored of buying the same old stuff or nothing ne
Sal castaneda is here. So far so good or something new . So far so good for most drivers. We do have some drivers out there. Its not completely light. And theres just a little bit of slowing on 580. Definitely lighter than usual. As you drive to 880. It looks good through oakland and here at the bay bridge it is light. The number of coronavirus cases continues to climb worldwide and here in the bay area, todays the last flight from San Francisco to mainland china. Ktvus alyssa harington joins us now from sfo with that part of the story. The good morning alyssa. Good morning. Yeah, that flight leaves tonight. Theres also a flight that will be coming in from china a little bit later on this evening just after 6 00. Now after that, bay area travelers will have to wait at least six weeks to take a direct flight from sfo to china. But, there are other ways you can get there through connecting flights. Today, china did announce another spike in coronavirus cases. They reported 5,000 new case
Check out your 401 k s because the rally is back on dow up nearly 200 points and were closing in on 29,000 lets check out boeing heres a stock up as much as 3 on reports that iran may have been responsible for the downed plane this week. Initially, the reports were that it was a Technical Glitch or engine failure those reports have been a bonus to boeing. Well have more on that in a minute contessa, thank you very much earnings season is the next hurdle this market has jump and it starts soon lots of hopes being rested on the you are quarterly reports. It starts flooding in next week led by jpmorgan, wells fargo, citigroup, obviously the big banks leading the way. Bob pisani joins us with more. The good news is that we are continuing to rally even today because the markets are starting to believe this magical combination of a strong u. S. Consumer, a trade truce, a friendly fed and bottom line Global Growth will produce an expansion of earnings in 2020 after a flat 2019. The bad news i
Cnbc interview with iac chairman barry diller we are higher be 0. 8 on the doubt stephanie link is here with us. Good afternoon. Thanks for having me. Good to see you as always. We shall rule off all the major at least, owned now that they seem behind you are theyre rallying and rallying hard apple is so incredibly impressive if that really is the case, we have up side to numbers for apple, and i think a lot of analysts will have to raise estimates. Its a great leadership group. It really is. Apple up 5. 2 so far in 2020. Lets fog focus in on the big stories. Were looking at what wall street is says courtney has a read on retail. Mike santoli has his market and if youre wonders what got us to the doorstep, not quite, its very simple. Its bigcap Technology Stocks apple a good part of the reason, moiismt the secondmost important, and, of course, a suite of semiconnect or stocks like nvidia. Tame, re that mean reversion trade . Center stocks rallied, why they were greatly beaten up. Thats
A i will tell you so much to get to so lets get started. Ahead of the World Economic forum in davos today the i. M. F. Has tremendous Economic Forecast for 2020 from 3. 4 percent to 3. 3 the downgrade was issued on the back of weak data at the end of 29000. 00 led by india slowing growth and credit squeeze this is the i. M. F. 6 straight reduction though its cautiously optimistic that Global Growth may be stabilizing at subdued levels Manufacturing Activity and global trade have bottomed out but the im not warned that the Global Outlook remains on the downside additional risks include rising geopolitical tensions between us and iran and higher Tariff Barriers between us and its trading partners most notably china mark conflict is a rising between france and the u. S. Over the new french general attacks targeting Big Tech Companies and this poses a big risk if it is not resolved davos as italy the u. K. Turkey and other e. U. Countries are likely to follow frances lead. The i. M. F. Upg