Nearly every major Global Market and asset class saw positive returns in 2019. The big question, what can you expect for the money heading into the new year . Its time to break out the 2020 playbook guy adami, what do you have for us first of all, courtney in all the years weve been doing the show this is the first time you hoeft. On behalf of all of us i wish amazing to have you. Great to have you. Thank you, thank you. New kid on the block here. Its fantastic to have you. In terms of whats working next year listen ive been wrong for months in terms of market direction. But right about a few things i think hsh is absolutely toing well in the first half the upcome year. You look at big cap pharma pfizer marc, eli lilly unh off the map. Hospitals doing well you mentioned energy i dont know if energy finishes next year well but the first couple months it does well. Because i think you see continued weakness in the dollar commodity is an underappreciated asociety. Health care because of t
Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh
Keith bliss. Keith, welcome thank you very much, morgan good to be with you. Mid averages did hit new records this morning but have drifted back down to the flat line, not really moving very much right now are you surprised by that . Not at all. Im a little suppliesed at trpre lack of action it seems theyve hit their own food coma as we wait for earnings to come through we have 300 companies that are going to report next week. We are on fed watch, of course, waiting for the july 31st Rate Decision a bit like waiting and waiting markets are taking a breather right now. Here in the u. S. And elsewhere around the globe, people are starting to go on their holiday so you have lack of participation. Were going to get into all of that a little more. Secretary mnuchins crackdown. Wilfred is covering citi earnings dion is watching the debt ceiling debate lets begin with treasury secretary Steven Mnuchins comments on crypto moments ago eamon javers has that. The rarely used White House Press Bri
26,828, also would set a record. Its the first time it would be the First Time Since october of 2018. The tenyear treasury yield falling to its lowest level since 2016 as we see yields globally fall as well. Were awaiting the key june jobs report as well due out on friday morning. Nasdaq only just off its own closing. Dow and s p comfortably in that territory. Josh brown is with us from ritzhold Wealth Management great to be here. Youre always here on these record high days you keep the market going higher they book me far in advance, though, so i cant take any credit what are you watching in terms of the slightly disappointing data does that concern you or not im concerned all the time. We have a saying that only price pays so you can look at everything that you want and knock yourself out, but at the end of the day, if youre looking at price, its impossible to be bearish you cant like what more do you want out of a market s p 500, new highs more importantly, xly, consumer discretiona
President moon says they may be forced to retaliate. Deutsche bank swings the ax from asia to america, the savings latest turnaround plan fails to impress the market. Shery later in Bloomberg Technology global link, samsung being stung by japans new restrictions on tech. Saysll be joined who problems in the electronic industry goes much deeper. Lets get you started on the quick check of the monday close in the u. S. The s p 500 fell for the second consecutive session. Health and tech stocks as some of the big decliners. Apple falling more than 2 on the downgrade, but german manufacturer besf falling after they cut their outlook. Overall, we felt he lingering impact of the strong u. S. Jobs data that we got last week. That really clouding the outlook for fed rate cuts. Investors pretty much focused on what chair powell will stay in Congress Later this week. Meantime, we also saw a big gain for energy stocks. Wti gaining ground on rising geopolitical tensions. U. S. Futures not doing muc