More on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the longer they wait, the harder it is
Correspondent, john roberts, has more on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the l
More on the president s g7 summit from france. Reporter lou, good morning from france. For most of the weekend, the other g7 leaders were sweating the Economic Uncertainty caused by the escalating trade war between the United States and china, uncertainty that saw the dow plunge off a 600point cliff on friday. But as monday dawned here in france, a new sense of optimism over the summit. The final day of the g7 was dominated by what appeared to be an about face in chinas position on the trade war. The vice chairman telling media china is willing to resolve its trade dispute through calm negotiations and resolutely opposes escalation of the conflict. Markets in asia took a nose dive this morning, and while it is too early to tell whether this represents a sea change in chinas attitude, President Trump is optimistic. Do you trust that they are sincere . I do. I think they want to make a deal very badly, i think they very much want to make a deal, and the longer they wait, the harder it is
You have two thirds of all stocks higher. Even energy coming to life just a little bit. Nvidia, about three or 4 all day, no real news, 3 1 2 . Approaching apples weight in the s p 500 so there is plenty to like and investors are loving it. There are signs of rapid optimism in mergers and surveys. That brings us to our talk of the tape, we asked cameron dawson. Also cnc cnbc contributor. If you are looking at the behavior of the market it got over bought and it is saying that way. That is usually a sign of a pretty durable rally. With stocks at record high, the economy looking okay, you have the fed not doing anything today stop thinking about rate cuts. I think it is one of those situations where is the only bare case that there is no bear case . Right now they are not giving any reason to pause this momentum. To your point you are still seeing this chase into the market and something we are watching closely because positioning is extended but not at extremes which it means eventually
Bit higher. Maybe that is stopping things, maybe we are just waiting and seeing now for meta and the others that ended the day ahead. Sector action pretty swift, too. Leading the day today, that gives you the kind of day it has been pretty stable utilities in the green, so doesnt mean there hasnt been some standouts in the session both up and down. Visa is a learner after winnings, but teledyne is down 10 on its own results. Lets take ou to the talk of the tape. Will mega caps deliver, and where do stocks go from here . Lets ask cnbc contributor, back with me at post 9. Great to be with you, as always. You say you are more bullish now than you were t the start of this month. Yeah. Why . I think we have to put down draft on perception of hawkishness. We have some rates making some stocks sell off and i think the earnings industry doesnt look different to me than it did on april 1st, so when stocks go down, the earnings could change, i like that better. This idea of higher for longer was