The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Happy friday. Maria big story and the top story right now this hour 2020 shakeup, new york city mayor billionaire Michael Bloomberg to enter the 2020 democratic race, hes expected to file paperwork to do in alabama. You heard it here first, white house chief strategist steve bannon and former adviser to the Clintons Mark Penn told me last month. I think that bloomberg and clinton are still there as biden is in fourth in iowa, second in New Hampshire, dropping to third. Hes losing steam everywhere. Maria do you think Michael Bloomberg or Hillary Clinton will enter the race . The two representatives of the centrist party. Maria who are you expecting to enter the race . Im not sure exactly who is going to enter, if youre a Michael Bloomberg, Hillary Clinton, john kerry or Michelle Obama, youre probably sitting there saying, i could take this field, maybe i should get in, maybe not, i think all four of them are possibilities. Maria thats why we love our guest so much because you heard it h
Dagen joining the conversation dierdre bolton, former economic adviser to president obama, robert wolf is here. And president ial candidate steve forbes. Great to be here. Maria optimism pushing futures higher, markets up 152 point, s p up 14 and nasdaq up 44, unchartered territory as china and the United States agree to roll back tariffs as part of phase 1 trade deal, two sides to eyeing the december signing with various venues being discussed including london, perhaps President Trump and xx jinping could meet there after next months nato summit. Interesting development, the fato summit, apec summit we expected the signage which was november 17th. We also have British Election at the time, who is going to be the Prime Minister presiding at this wonderful signing, but this gets to something that weve known for a year and a half, maria, that is get the trade worries out of the way, get the trade scrimmages knocked down, you will see the market react and you will see the economy react in
Proclaims we dont need to raise taxes on middle class by one penny. Reality check and so much more on making money. Charles the economy booming, showing no signs of slowing down. Were doing better experts thought we were. United states adding 128,000 jobs, 40,000 more than consensus. Hours worked outpacing expectations. That hid the highest level in six years. I have liz peek and steve moore. This was 128,000. Minus 40,000 from the gm strike and consensus revised up 95,000. Doesnt get any better than that, charles. To see manufacturing would have been up except for this. After all the concern about a slowdown in the manufacturing sector. This is great news. 15th consecutive month where wages go up by 3 or more. I think, look, i think democrats have to be horrified by these numbers. This blew out expectations. Absolutely, by the way you mentioned Third Quarter earnings a second ago. It is one more data point including Third Quarter earnings where everything is coming in above expectatio
Of yields, and the question for the market is this. Is the fed a shoe in in terms of the rate cut that we expect . By the way, does anyone care about a 1 trillion deficit in the u. S. . Yousef the winds of change are upon us. That is what the folks at Morgan Stanley say, their chief equity strategist put out the notes. The returns from u. S. Growth were surpassed by their expectations. Lets get to some of the other market action, and a bit of a rep from hong kong with sophie kamaruddin. Sophie asian stocks are extending, but we are seeing volatility with tracking lower. Bojhead of the fed and the meetings later this week. Results. D see solid check out hsbc, the stock falling in the afternoon section. The stock edged higher in the morning session. I just want to highlight the continued selloff in chinese bonds as well. The 10 year yield dumping the most in the six months, with momentum. Oficymakers are wary aggressive stimulus. Worsening chinese Economic Data could strengthen the bull