All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
To lift tariffs in phases as the deal makes forward progress, but it may not get signed until december. The bank of england could cut growth and inflation estimates parties the u. K. Major suffer highlevel resignations. Commerzbank cuts its outlook. Good morning, matt. We need to talk about these latest headlines coming through on trade. They certainly move the market narrative. Matt they really are moving the market. Futures were little changed just about 30 minutes ago when these headlines came across. They jumped more than 0. 5 . Take a look at equity index futures. You are going to see big gains wherever you are trading. Futuresfrench, london, are all higher. If you look at u. S. Futures, you are going to see a very positive picture. After these headlines come out, certainly looks like it is going to be a risk on day. That may not be the case for Commerce Bank. Im here in frankfurt to talk to the cfo of commerzbank, stephan engels. It seems as if every time i interview him, he is a
So call me at 1800cnbc how did we get up here with the s p 500 hitting alltime highs, dow hitting its high for the year after gaining 249 points today. S p climbed 4. 9 nasdaq rose. 80 and more importantly, does this market have what it takes to keep powering higher regardless of what happens with the president , with trade, with the Federal Reserve . Just looking at the fundamentals of individual companies which is what we do best in cramerica, i think its worth wondering what might happen if we stay on evq we need it know if the market has gotten too expensive, or if its got more room to run. Especially with oil having a monster runoff just today because of tension with iran so lets zoom in on the top ten performances in the Dow Jones Industrial average, 2019 see, this will help us put in context so we understand how we got up here and whether it is dangerous, whether its safe, whether it makes sense number one is microsoft. Its a trillion dollar household name with a stock thats up
Israel. The two countries are expected to sign them defense deals worth some 2 billion. First, u. S. President donald trump has urged china to act after north korea claimed to have successfully tested its first longrange Ballistic Missile. North korean state tv made the announcement early tuesday, claiming the communist state was now capable of striking any country in the world. Northxperts believe a Korean Missile could now reach as far as alaska. Trump said via twitter, it was time for china to, quote, put an end to this nonsense once and for all. Reporter these images show what north korea claims is a breakthrough for the rogue state. Pyongyang says this rocket is an Intercontinental Ballistic Missile that could have enough range to reach the u. S. Mainland. State media quickly claimed it was a success. [speaking in foreign language] [translating] under the direct orders of our loving supreme leader, an Intercontinental Ballistic Missile was fired. Officials from both japan and sout
Israel. The two countries are expected to sign them defense deals worth some 2 billion. First, u. S. President donald trump has urged china to act after north korea claimed to have successfully tested its first longrange Ballistic Missile. North korean state tv made the announcement early tuesday, claiming the communist state was now capable of striking any country in the world. Northxperts believe a Korean Missile could now reach as far as alaska. Trump said via twitter, it was time for china to, quote, put an end to this nonsense once and for all. Reporter these images show what north korea claims is a breakthrough for the rogue state. Pyongyang says this rocket is an Intercontinental Ballistic Missile that could have enough range to reach the u. S. Mainland. State media quickly claimed it was a success. [speaking in foreign language] [translating] under the direct orders of our loving supreme leader, an Intercontinental Ballistic Missile was fired. Officials from both japan and sout