Soybean and pork shipments that putses up 343 points on the dow. We are positive for the week as a whole now despite the declines earlier on this week joining us for the first hour, nathan from risk aver sal advisers so that point exact ly that wer up. 2 on s p, do you think the b jobs number justifies that given where we were monday, tuesday . I think its helpful when you think about the weak ism data and services this week that was a cause of concern. Especially if you did not have a lot of confidence that we were going to have the fear of increas increas increased tariffs taking off so this kind of mitigates that and here we are in familiar territory back at all time highs. Theres a lot of cross currents here what has happened to get us here you know, the fed has expanded the Balance Sheet by 300 300 billion, right and theyve lowered Interest Rates three times, 75 basis points in the last four months just to get us and keep us here. Were going to focus in on the big stories were wat
Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
We will explain. First we start off with a record day for the markets the dow soaring triple digits closing at a record high the s p 500 joining in on the party as well. Nasdaq a bit behind, making a comeback today after a tough month for the composite. It looks like the perfect recipe for a rally. Big jobs number this morning, President Trump signed the bill to avert a Government Shutdown and its full speed ahead on tax cuts do you just keep buying til the end of the year and maybe even beyond, guy . Weve been saying that all along. One of the things weve said earlier this week, despite the fact that the market seemed volatile, the volatility index continued to go lower, down 5 one day, 5 the next day today it closed at 9. 5 , the lowest level weve seen in quite some time. Despite the warning signs, the vix doesnt care to answer your question, some exogenous event is out there, i dont see it as we get closer to closer to christmas, this thing will continue to grind higher a couple of
Wallet hacks all of that isle coming up and more. See how we have to quote two different bitcoins because they trade in multiple places. Next, critics said truckers would not want an electric semi. Weve seen a number of new corporat corporate orders for teslas semitrucks a deeper dive on whats behind those buys. Thats a coo l story. Major biotech conference kicking off this weekend which companies could be big movers come monday after their data released. First to our top story, the november jobs report come inninn better than expected Steve Liesman joins us to break down the numbers. Michelle, this is a good number but o bit of a mystery when it comes to the jobs market the job market never gets tight. Take a look at the numbers, up 228,000. Overall impression from economists we should be slowing down job growth to better equal average hourly wages did not tick up, the Unemployment Rate did not change, neither did the Labor Force Participation right. Heres what ubs said, showed above