Well debate it straight ahead. The Investment Committee is ready to go. Halftime report is ready to go right now. Welcome. Good to have you with us on this friday our Investment Committee today josh brown, jon najarian, tom lee managing partner and head of research and brian belski, chief investment strategist. We begin today with the market stocks are higher friday still, though, the s p on pace for its first losing week in the past tom, i turn to you i said in the show, were going to put two bulls to the test your year end target is 3200 and will you get there confident . Yeah, i mean, i think we could even exceed it in the next seven weeks. Because of . Well, you know, i think Economic Data is really improving. I think as people start thinking about next year, theyll see upside risk to growth and then when you look at positioning, i think people are still uncomfortably, defensivably positioned that movement of cash into equities is part of that rocket fuel belski on october 30th, i
Of u. S. Inventory. Its wednesday, november 6 Worldwide Exchange begins right now. Welcome from wherever in the world you may be watching. Im Brian Sullivan futures are not giving us a lot of help there. Flat to slightly down. They were up 10 a couple of minutes ago. We have a long way to go this morning. It has been quite a run for the dow lately nine stocks in the dow are up 10 or more in the past month and now 14 of the dow 30 are up 30 on the year. 3 m, walgreens and pfizer are the only ones down the neeld in the 10 year is 1. 84 Pay Attention to this. Japan, the nikkei slowly grinding higher. Now up 9 in 30 days 9 run, we talked about this about a month ago. Japan has had quite a run. In europe, no run. We are not seeing a trade theme here new this morning, Japanese Technology firm reporting a massive loss it has been hit by the following of two of the best bets. Wework and uber. Rahel joined us. Reporting the first quarterly loss now casting doubt on the ce os posting. A operatin
Who else but the nba star lebron james has now come out speaking about the recent nba fall out with china, reigniting that controversy that had gone down to a simmer welcome to power lunch. Ive got quite rally reports in eu and uk may be closer to a deal on brexit that s p 500 level thats up, we are less than a percent away from all time record highs and tech nearing a record high they are their best bet into earnings lets go to bob at the new york stock exchange. Its more than just optimism on trade here. Theres several fronts going on. I think the most important is earning. Jp morgan reported strong earnings the consumer side was really good this is a real sign the consumer is holding up and even jamie dimond said that second thing help in the markets, positive comments on the prospect of a brexit deal. They did sicite hard brexit as risk finally a bit of warm and fuzzy feeling from china on the trade talk the global times editor said that fridays meeting did represent a breakthrough
Climbing ill tell you how its done. Market reached unheard of levels by triumphing over the concerns that caused Money Managers to stay on the sidelines to buy lower prices often hear we climb a wall of worry to get to exhausted levels but today we just didnt scale a wall but beached and busted through mine fields, force fields and cauldrons of boiling oil. This is a quite bull market. Tonight i want to go over obstacles weve overcome amazing list, outside of president on twitter seems to be celebrating is down. Challenges conquered thats a graphic obstacle number one, impeachment. I told you wouldnt matter to stock market based on bill clinton. Buying opportunity, not selling. But sitting president incredibly pro business and House Democrats are trying to take him down and stock market is ignoring whole process, maybe should impeach all president s works out for the averages obstacle number two, recession fears. Job growth is still robust versus the historical norm but over the summer
A president resignation he said over a 1000000 protesters demand chill a president resignation hes a billionaire hes a pose austerity and people have had enough until a billionaire hes posed austerity and people have had enough. And weve had protests in lebanon weve had protests in haiti weve had protests in chile weve had protests in lebanon weve had protests in haiti weve had protests in egypt and spain so a lot of them are about this global interest in egypt and spain so a lot of them are about this global insurrection and get all the reaction rationally divs banker occupation thats what we call an action and get all the reaction rationally divs banker occupation thats what we call it we said and you know they got over there its so what i call came up with a new metaphor. And you know they got over there its so what i call it came up with a new metaphor. Its the stone blower you know that with a stone blower in a push it down the side its the stone blower you know that with a stone