Basement which i would have done anyway, and which i did. I have to tell you, i feel fantastic. I really feel good. Maria we will get into all of that coming up. First, the stage is set this week for judge Amy Coney Barretts hearing on capitol hill. Shell read her opening remarks later today. Senator Lindsey Graham telling me, laying it all out on the schedule and when he thinks shell become a Supreme Court justice. I believe she will be confirmed no later than tuesday, a week before the election. Thats my hope. Maria markets are fractionally lower this morning, its a mixed story. As you see, the dow industrials down 21, the nasdaq is up 111 and the s p higher by 8 andahalf. Investors preparing for a major week of earnings along with more talks on stimulus. Markets posted a gain of more than 3 last week. Take a look, we are lac lookingt momentum in stocks on the heels of a week that sent the nasdaq up 4 andahalf percent and s p 500 up almost 4 . Peter navarro here this morning, live at
Charles nasdaq and s p are in record territory as many momentum names like nvidia, tesla, they continue to soar because they keep getting upgraded as housing data blows away wall street consensus, adding fuel to my theory well see a housing boom this year. I have the pleasure bringing in two of the best. From kaltbaum capital management, Gary Kaltbaum and rosecliff capitals mike murphy. Gary, start with the momentum names. We know the maga names. Microsoft, apple, google and amazon. Own a bunch. Charles we know there is also tesla, got a new upgrade today over 900 a share. Nvidia, got an upgrade. This new tesla, virgin galactic, this stock is unstoppable. It is amazing you are excited. Charles i am excited. Very important to recognize were in one of these moments we dont see very often. Charles maybe that is why im excited. The eiffel tower look. Basically going straight up, they get piled on. No knows where they stop. I keep hearing tesla was done at 900. It could go to 2000. Virgin g
206,000 manufacturing jobs over all of the last 12 inmonths. And this is in a private sector economy that has added about 2 million jobs over the same period. So you see thats lagged far behind the rest of the economy. There is about a one and a half year boom during the Trump Administration, but that has dissipated. In over the past few months in particular we have been losing manufacturing jobs. What do you point to for that leg . Thats a great question and there seems to be a couple of trends. There has been some uncertainty that has come around as a result of the trade i policy. I think the trade policy has had some benefits but has also added some uncertainties to businesses. They are reluctant to invest and that means and other things are not getting purchasedur and it has a spiral effect in manufacturing. You have seen an oil and gas, ironically when the prices for oil and gas go down a little bit, that means there is probably reduced employment in the refining and other sectors
Maker warns of the fraught macroenvironment shares of Deutsche Post jump fuelled by continued growth in e commerce and rise in german p t postage prices and dialing up. A 1. 4 billion Share Buy Back shus shushs pushes to the top our top story today is all about autos. President trump is expected to delay plans on tariffs for another six months according to multiple media reports. The Trump Administration has until wednesday. The white house declined to comment to cnbc but renault has driven the sector lower. Shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. This after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. Meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertain
There are growing questions about the strength and the direction of our economy. Uncertainty, stemming from the u. S. China trade tensions, various International Hot spots, softening Global Economy and warning signs in the bond markets are making people nervous. When people get nervous, they sit on their money. A lot of companies are sitting on their cash, resulting in the first decline in Business Investment in three years. Individual investors are doing the same thing. The Business Community is calling on leaders in washington to make smart policy choices that will restore certainty or confidence, not just undermining. Here are the three quick things that could make a positive difference. Resolving the trade tensions with china is critical into keeping our economy on track. We sent a business delegation to beijing prior to the administrations announcement that it would delay the last round of tariffs for a few weeks. It is a tradition that we have been following for a long time. Two