Now. Welcome g. To have you with us on this monday. Our Investment Committee at the table today. Also with us on set with the jp morgan. Good to have everybody here today. We begin with stocks. The s p up three straight weeks. Is this the week that ends it or prolongs it . I dont know that it exits. Obviously, we have the fed this week. There are all kinds of different news stories in front of us this week as we speak. I dont think this is something that absolutely derails us. When you look at personal spending and what goes in from the oil trade perspective, its very small. I think we are able to get back up and running faster than folks think. Today the big spike has everybody a little flustered as you get a big move in wti over 61, thats a big move. We have volatility that remains really, really low. I think that speaks volumes about what people are thinking right now. With the market down 100 and change and the volatility is not spiking to the upside after the big hard hit to the d
On a secondary Stock Offering by the company. Beyond is on track for its secondworst day ever. Its worst day was back on june 11th, when it went down more than 25 in volatile trade the secondary offer is for 3. 25 million shares 3 million will be sold by current shareholdered while 250,000 will be offered by the company. A regulatory filing chose that Ceo Ethan Brown plans to share more than 38,000 shares which could net him 38. 7 million. Theyll use the proceeds for expanding supply and marketing some believe that could lead to further Short Interest in the stock, because it could cut borrowing rates. But the bulls say the offering could be a positive for the company if the shares end up in sticky hands this as the companys actual results were fairly strong beyond raised its yearly revenue guidance from 210 million to 240 million it attributed its quarterly revenue beat to new partnerships and increased demand from existing customers despite the stock taking a hit, many analysts also
Points that happened with markets closing at their session lows. Weakness across the board. A lot of different sectors under pressure financials, materials and Consumer Staples all down by more than 1 well see what happens this morning. Futures indicated up this morning. Overnight in asia, the nikkei ended down by about a quarter of a percentage point the hang seng up by. 1 and the shanghai composite was flat and in europe where theres active trading taking place theres green arrows across the board. The biggest gainer of the three major averages is the cac up 1. 4 but you see gains of better than 1 for the ftse and dax as well take a look at whats happening with treasuries. Right now the ten year is yielding 1. 588 . So the yield picking up just a little bit the two year yielding 1. 539. Lowes is solidly higher on the numbers here 215 adjusted versus estimates of 2. 01 on better than expected revenue. A little bit anyway. The revenue is 20. 9 expected and 20. 94 to 20. 99 and then for
Welcome good to have you with us on this wednesday from the New York Stock Exchange our Investment Committee at the table, joe terranov ajim lebenthal, liz young, bny mellons director of Market Strategy and mike wilson, Morgan Stanleys chief v. Officer also with us from hq, senior economics reporter Steve Liesman. The markets. Stocks down sharply. Lows of the day. 637 the loss for the dow the yield curve inverting for the First Time Since 2007 and thats raising fears thata recession could be on the ho horizon. Mike wilson, i joked with you when you walked in the grip reaper has arrived. Youve been negative on the market for a while what does this tell you about what we should be thinking and doing . Yeah, look. I think the market has been telling us this all year weve had the fed dovishness covering up some of that theres been hope for a tread deal which has been viewed as a put and both of those puts expired in the last couple of weeks meaning the fed did their 25 cut some viewed that
Welcome. Everybody has a bad day now and again, and some more than others. The same is true for stocks, and this was quite a week. Ongoing fears over a trade war with china sent stocks ler. The nasdaq and the s p 500 were off more than 3 this week. The nasdaq, just about 4 . It w the worst week of the year for those indexes and the better than you marked the second worst for 2019. As for today, the dow lost p nts to 26,485. The nasdaq dropped 107eand s p was off 21. Actually, a trade dl was reached today, one that will help the nations farmers. While it wasnt exactly the deal that wall street has been waiting for, Kayla Tausche tells us it is connected to the tensions with china. Reporter frularated with the of progress in china talks, President Trump went roosevelt room to announce a deal with europe, boosting agr y p of supporters. My administration is standing up for our farmers and rancher like never before. We are protecting our farmers. We are doing it in my ways, including with