That is higher today theres been that move into value of late. Money is coming back in as stocks are on pace for their second positive month in a row the dow is on track for its best week since early april josh brown, you can take stock in this for me weve been talking about a rotation we have talked about growth into value. On a day where you have red in a lot of place, ive got apple, amazon, microsoft, facebook and netflix and i got all of them higher today can we end the talk about a rotation out of those names . Well, i dont know if its the end but this is what has continued to happen. If you look, 29 s p 500 stocks that are up 20 on the year or more, 25 of those are up today its back to the winners 30. 25 on the s p, broadly speaking looks like a logical place to see a pause that was if you remember, resistance back in both july and september. We got through it that made sense for that old resistance to now become support. The technicians i talk to when theyre looking at internals
Saudi aramco brushes off concerns. The fed says the u. S. Is in a good place and the data justifies keeping rates on hold. We hear exclusively from the vice chairman. Marketsck check of the close on the friday session in the u. S. We saw fresh records for u. S. Stocks with the s p 500 dating 1 . Energy and materials led to gains. Oil jumping the most in six weeks on a more positive, solid jobs report, not to mention optimism on demand as we saw chinese manufacturing data more positive. We also had positive trade sentiment with that China Commerce Ministry saying the u. S. And china had achieved a consensus in principle. The nasdaq gained more than 1 , the dow gaining three hunter points. 300 points. We have asia stocks set for gains after the rise on wall street friday. We had this week a lot of focus on chinese trade data, along with policy decisions from policy in Southeast Asia and australia. This monday we have australia retail sales headlining earnings, the bank missing earnings r
Wilbur ross tells bloomberg the china agreement is near periods tries President Trump wants this signing to take place in the u. S. The worlds Top Oil Company presses go on its longawaited share shale. They brought five brush off concern and says the price is right. Shery all change at the golden arches are the ceo is fired after breaking the policy. Markets have opened for trade lets. Lets get you straight to the Market Action. Sophie shares opening higher by 2 10 of 1 . This happened with the drop we saw for the benchmark. Keeping a close eye on westpac after a disappointing set of earnings. Ozzie yields tracking fridays drop in treasuries, rising six basis points amid trade optimism and a stronger jobs report. The aussie dollar is firmer. Offshorein on the yuan, trading below 704, building on fridays gains amid signs of stabilization. Asian stocks broadly looks to rises monday. Japan is offline for the weekend. Semiconductor players will be on watch on a report that the u. S. Govern
Barbara doran from b88 Capital Partners good to see you, barbara less than two weeks until the official u. S. China trade talks kick off and a new wrinkle as to what will actually happen when both parties meet. It is definitely a new wri wrinkle today. For me the bigger concern emerging is what happens to the consumer all of the consumer data this week was pretty terrific, except for Consumer Confidence numbers. Housing, et cetera, we continue to have strong wages, growth, that sort of thing but for the first time, were seeing Consumer Confidence down a little bit, consumers and surveys are saying, hey, trade issues have crept into their head and, you know, my real concern is the margins of companies, if they start to do layoffs, that hurts Consumer Confidence, and stops spending and that is the underpinning, which by all accounts, we all agree. By the way, the china has got markets spooked. Nasdaqs down 1. 6, the laggard of those indices. Bob is with us for the full first hour, which
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile