Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
Can you guess what company just passed facebook to become the second most downloaded app in the world well goat you the answer a bit later in the show. Its a busy hour were kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. Target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. The xrt, the etf tracking the group, down more than 1 to kick off the year. Guy. Yes, zwlier do you think there are cracks in the consumer showing . I dont think its an indictment of the consumer at all. I think in this case one off misses we have have a consumer conversation but i dont think its about target the stock went from 80 to 130 in a Straight Line and finally valuation catching up to walmart compsy disappointing you cant say they were not. They reiterated Fourth Quarter guidance and margins down. Sto
The dow gained 91 points the s p only climbed 1. 9 . Nasdaq barely at all 0. 8 where do i even start . This morning kicked off with an interview we did with the chief Economic Advisor and my former cohost here on cnbc, he explained that the agreement side with china is a lot more farreaching than most people realize. It actually forces china to change the way it runs its economy to create a more level playing field. He said our relationship with china is quite cordial because the Chinese Government recognizes that the United States doesnt want to disengage with them. While this deal was being negotiated, the big fault line was repeating those who dont believe china can ever be redeemed so why not just keep hitting them with tariffs forever so wreck their economy and those that think that china can be a good trading partner if theyre willing to play by the rules. Call it the engage camp versus the disengage camp and the engage camp just won from the stock market perspective, that is fab
Sometimes the glass shrinking a half full vessel look like it is overflowing and this is where we areright now and this, after todays session dow closed flat, s p up 6 and nasdaq up. And lets start with the thing that we all know which is the half full half empty this morning disney launched the new streaming service diocese plus and immediately overwhelmed with traffic and started having outages even though management assured us the technology was solid on the Conference Call last week. We were told they tested the system in the netherlands which must be a new worldwide peoria but it reminds me of hamsterdam. They botched the roll out of a promising new service but the Glass Half Full people think differently. Sure the site crashed but that is because there was so much demand and traffic diocese vetted this platform for millions of people and that wasnt enough. It is not hard to believe it has so much great content that it caused a stampede of subscribers. In reality both are right. B
just a few hours. his remarks coming after a harrowing 24 hours in america yesterday when one gunman shot and killed four people inside a hospital in tulsa, oklahoma, before turning the gun on himself. the shooter whom officials say purchased his ar-15-style rifle just hours before he barged into the facility looking for a doctor he blamed for ongoing pain after back surgery. the tragic attack in tulsa was not the only one to take place. a prison inmate in dayton, ohio grabbed a security guard and fatally shot him. outside in los angeles, a student was shot outside a high school. that incident now among the two dozen acts of gun violence near schools that have taken place since the start of 2022. according to one count there have been 20 mass shootings just since the rampage in uvalde, texas, last week, which of course, became the country s deadliest mass shooting this year, just ten days after a white supremacist murdered ten people and wounded three others in a supermarket