Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
Dollar exit package. Ford cant get its china strategy just right. With you one billionaire turned space cowboy could be looking for love in all the wrong places Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan here is how stock futures are looking to kick off the trading week what a week it will be as earnings week kicks off in earnest tomorrow well see the dow open up by 112 points the s p up by 11 the nasdaq up by 42 points as well this week well hear from jpmorgan chase, wells fargo, citigroup, delta thats just a few of them in terms of earnings reports due out this week as the earning season starts off. According to data, they say Fourth Quarter earnings are expected to be down 0. 6 of 1 which would mark the second straight quarterly decline that has not happened since 20152016. Maybe an earnings recession. Thats what folks are looking for perhaps this time around treasury yields in focus we see a Little Movement in the
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
Lunch begins right now. And welcome. Im courtney reagan. Another day, another rally stocks are surging, the dow up nearly 200 points near the highs of the day all three of the major indices hitting record highs in what has been an unstoppable rally and tech leading the way again, the sector now up 4 alpha get, even mastercard and visa hitting alltime highs. And everything seems to be getting love, everything that you can think of buying is going up and lately even the most hated stocks on the street are feeling the love bob pisani has some of those names and an expractilanation f. Arising market can lift even the most hated this is called Short Covering where traders are short stocks are forced to cover their positions by buying back stocks. Either the price of the stock rises really quickly or the cost to borrow it might go up two heavily shorted names tesla and beyond meat have had really big rallies. Tesla up 20 , beyond meat up 43 . And that is likely triggering a short squeeze tha
Interview with the ceo of agios. The stock got more than 6 today. Well find out why. And pay attention. Can you name todays mystery chart, the stock dropping at 1. 15 , bounced back a bit, had a bitter cold Holiday Season any ideas . Interesting that means something you probably do its a retailer. Well give you the name coming up but we begin with news on trade. The United States officially dropping the currency manipulator designation for china. Aman jabbers in washington with the developing story. Thats right, the treasury making it official at this hour, they are dropping the currency manipulator designation that they slapped on the chinese last year theyre removing it today. The Treasury Department saying in a statement thats for two reasons. One is the appreciation of the currency thats happened since last fall and the second one is agreements that theyve made inside the socalled phase one trade deal theyre saying in the agreement china has made enforceable commitments to refrain