Exchange this is epic as well why do you get squawk box specific mugs. I dont think we have that on closing bell. You think your set down at the ant kuwaited New York Stock Exchange the whole Stock Exchange is our tv set. The whole future is nasdaq. Its moving forward. The specialists, the middle man. You want to be here, my friend its a lovely new set. It is. I wonder how much these costs, these mugs. I love the New York Stock Exchange we love both. Just kidding we do get territorial once in a while. Im glad you like our new sets and our mugs dont take that with you treasury yields this morning, i looked 190 on the ten year recession fears have faded trade concerns are so 2019, i think. Arent they . Theyre just so 2019 the dollar. Thats supposed to weaken im doing another show today exchange. So am i. Closing bell. Thats your normal show what happened over the weekend . U. S. Military carried out precision defense strikes in syria against a Militia Group following a string of attacks
The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
Maria big show this morning, thank you for joining, us, joining us Dagen Mcdowell, jon hilsenrath, veronica, great to see everyone, big news this morning actually, first of all, we have a record high in the markets and we are looking at stocks chattering the records this morning, take a look at futures, s p up 5 and a half and nasdaq up 23 points all markets losed in alltime highs yesterday, the major 3 indices were at unchartered territory and new highs, President Trump touted with strength in the economy during rally in florida last night. You know, we just set another stock market record, the stock market just hit another alltime in history meaning 401 k s and jobs. [cheers and applause] americans have so much to be thankful for, the economy is booming, wages are rising, crime is falling, poverty is plummeting, confidence is soaring and america is stronger than ever before. Maria oh, yes, part of the reason for this strength in the markets is the fact that we may be getting close to
Announcements, still a couple hours away. Edward lawrence where things stand. Reporter the Federal Reserve has not cutrate since december of 2018. Nowed administration would like to see 2008. The market is pricing in a 25 basis point rate cut at this point. If you look at the speeches over the past month or so, of the 10 voting members on the federal open Market Committee six of those, those six on the screen, have indicated they would favor a rate cut. Now this Federal Reserve chairman Jerome Powell says that the Federal Reserve will use its tools to keep the expansion going. This is important, his language is important, not to head off a downturn but keep the expansion going. That could signal the Federal Reserve could act before they saw any numbers that represent a downturn. They are slow and deliberate in the moves up. A Senior Administration official says the president will call for a more aggressive Monetary Policy. The official says the president want a 50 basis point cut today
The funeral. You always do the black. I have the same 25 suits i wear all the time. That way i dont have to think of what to wear. Its the jobs anyway. 25 shirts, 25 suits, 25 tie, every morning i say, i wonder which one im going to wear . Are they all adent cal . They are. I like to travel with plaque, it doesnt wrink him or you are cant see the wrinkments its a crisp look when you talk about money, you should wear a jacket andrew, hint hint loose, ill put the jacket back on. Respect the capitalist way. No question laying it on very early this morning. Lets give you a look at where stockmarkets futures are at this hour we had a positive close t. Major averages avoided a threeday losing streak. Can you see we are green arose for futures. The s p would open up shy one. T. Dow would open 31 points to the upside t. Nasdaq would open up about nine points. Of course, this follows some fairly positive trading overnight in acia. We saw better than expected retail sales in japan. We seen yen s