Although its been said before, weve got new old news, i guess that the Drug Companies and the opioid business are facing a criminal probe. All of which would have at one time virtually trashed this market. Instead, the dorn thing just wont quit. Dow gained 55 points. Nasdaq advanced. 18 with all three closing at record levels. So we have to ask ourselves, what the heck is going on here so you know what im going to do in honor of these records, im going to run down all the reasons why this rally keeps on trucking first, while, indeed, discounter dollar tree had problems with the tariffs, the big guys are doing just fine. Walmart, target, amazon, costco simply havent felt the pain. The tariffs air problem for some many chains but the sky is falling narrative hasnt played out. Inflation remains subdued. When you consider everybody was predicting the trade war would devastate all retail, things are going much better than expected. Number two, the enterprise is very soft, but far fewer comp
Sevenweek win streak and tech is the secondworst performer in the s p. Joining us for the hour, Barbara Duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right . That is for sure. And i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. And we have yet to see the effect of the Interest Rates next year. But trade, i think, its what people are expecting is that therell be no more bad news i think hoping for something more, like a rollback of tariffs would be a bit much. This seems to have morphed into a geopolitical technological fliskt i think the downside is limited also for those same reasons, plus people are defensively postured and so on but i think what its going to take is next year, having to see what the earnings are going to be and thats a possibility is the market even considering that possibility is that priced
This is the book to. Return to the groups Mission Government of the. Shahs family from somalia live around the world to the money from me to urgent assistance to. The family starts october any on w. Whats next for u. S. Trade in the midst of a terrorist dispute with china President Trump says a deal with the Chinese Government could be closed while announcing a fresh trade deal with japan. Also on the show despite months of fun rest in hong kong brewing giant a being in bed prepares for an i. P. O. There that many consider a vote of confidence. And shoemakers in spain brace for bracks it s. Exports to the United Kingdom are already. Its time for business sunday w m how you dont hear us welcome to the program we begin with a series of announcements by the u. S. Government that could shake up the countrys commercial ties to asia u. S. President donald trump said a new accord with china could be reached soon and put an end to the ongoing trade war the u. S. And china are set to resume neg
Warrens socialist policies. Highly destructive to your Retirement Plan so just watch out, on the show today. We will say the same thing about gamestop. The video Game Retailer down and almost out. You stream games these days, dont you . Dave busters, watch out. They predict a sales decline. Ouch, not good when we are spending more and more on eating out. The stocks way down. As for apple, the big news there is cheap streaming, 4. 99 a month and a cheaper phone, 700 for the new mass market iphone. Investors just shrugging it off. Yes, it is september 11th. 18 years on. We all remember. Varney company is about to begin. Stuart lets start with money. We are going to go up at the opening bell today. Futures are flat to slightly higher. Look, 44 up for the dow, 14 for the nasdaq. Do Pay Attention to the dows level, 26,938. That means its about, what, 400 points from the alltime high. Flat to slightly higher this morning. North Carolina Republican dan bishop wins the special house election.
For their worst day in 2011 as net profit fizzles out in the First Six Months the brewer can turn it around in the second half. The impact cost has been much higher than last year in the first half of course we took some pricing in a number of geographies, but that will roll over in the second half. And beijing reacts to the social unrest in hong kong as chinas Affairs Office backs chief executive kerry lam and says the one country two Systems Practice will not change right, big news in the uk this morning the London Stock Exchange has confirmed its in talks to buy refinitiv in a deal worth 27 billion. It comes less than a year after a private equity bought a majority stake in the firm from Thompson Reuters at the time, it was valued at 20 billion. The lse will pay for the transaction by issuing new shares with refinitiv shares getting 37 of the combined group. And more in deal space today. Takeaway. Com and just eat struck an agreement in principle to merge. The all share deal is wort