1 . Travel and leisure one of the major Industry Groups lower, and contributing to that loss, brent crude did top 70. It is now 69. 35. Gold futures were up to 1575 announce. That may be the biggest indicator of tensions in markets. Still the top story, escalating tensions in the middle east after the u. S. Killed a rainy and general killed iranian soleimani m general custom soleimani general kassem soleimani. They will see the consequent as of their mistake in not only today, but in the years to come. President trump has been warning against any major retaliation, and moments ago, tweeted this. Iran will never have a Nuclear Weapon. By the senior how close is iran to having an operable Nuclear Weapon . The iranians have said they will no longer abide by the nuclear deal that the United States reached in 2018 United States breached in 2018, and they will go full tilt toward develop at of nuclear technology. Based on varying estimates, the good have a Nuclear Weapon within a year to fiv
2. 3 , getting back money to shareholders, selling off the last quarter of its stake in Penguin Random house. The dax being dragged down by 0. 3 . Kers, about the pound taking a bit of a hit today against the u. S. Dollar, now trading at 1. 3072. I will speak with Bruce Richards, marathon asset about the ceo, economic downturn and what is going on with this credit cycle. Global markets, lets get to our first guest. We are joined by julian emanuel, btig chief equity and derivatives strategist. Incredible scenes as the house meets to talk about, debate and vote on articles of impeachment for the u. S. President. It is not impacting markets right now, but it must be on investors minds. Julian theres no question that it is. We can take comfort in the fact that at the end, it is about the economy and not about the political process. Go back to the clinton impeachment in 1998, 19 99, the markets just shrugged it off. If you think about it, and a lot of ways, and this may seem like a difficul
Stocks rose on friday. But were down for the week as the Government Shutdown moves into a new week. Gold fell 8 and oil edged up 29 cents. Walmart is slashing the price on the new iphone 5c to just 45 dollars with a 2 year contract. The smartphone normally sells for 99. And, tesla races back. The stock rallied 4. 4 friday after the ceo said the fire in the s model electric car that started with a strong impact to battery did not entire the passenger compartment chris gersch joins us now. Hes with altimus capital. Happy monday morning to you chris. Happy monday angie. Well we still have a case of shutdown fever. How will it affect the market today . I think were gonna see a lot of what happened on friday continue today. And this morning as the futures indicate there is a large up position. Those traders on the s p held that 1680 level throughout the day despite boehners comments on friday. So in regards to trading on monday, i think were gonna shrug it off until the 18th. Traders are go
Market action had to do with calming comments about the economy from new fed chair janet yellen on capitol hill thursday. The wall street journal reports quiznos is preparing to file for bankruptcy in the next few weeks. The paper says its due to declining sandwich sales. And, jos a bank rejects a 63. 50 per share offer from mens wearhouse but is willing to consider higher bid. Trader chris gersch of altimus capital joins us on this friday morning. Happy friday to you chris. Happy friday. We definitely saw those yields move on yellen yesterday. What do you anticipate for today . I think that we are going to see continued yield movement. What is really strange about those yellen comments came outyou had yield to the downside when in the equity market we closed at all time highs yesterday. Thats sort of a conundrum. You dont expect yields to fall with all time highs. But i really think that one going lower and one going higher will not survive through the trading day today. Look for yiel
Rose 30. The s p up 11 gold tacked on 3. Oil dropped a dime. Checking earnings that came in after hours last night. Groupon exceeded estimated, but issued a weak outlook. Hewlett packard topped wall streets view as Ceo Meg Whitman claims the turnaround is making gains. Priceline fell short on its forecast. Although profits were up on bookings. Bye, bye cpi. White house sources say the president will not include the so called chaned cpi in his budget. It would have reduced the cost of living growth in Social Security benefits through a corolation to the Consumer Price index. Trader chris gersch is on deck for us this morning. Good morning to you chris. Good morning. Do you think that the market will continue to look past Economic Data thats being blamed on bad weather and rally . I think that the market is in for a test and i think its gonna happen in the next 3 trading sessions. Were about to hit a triple top on the s p. The all time high is about that 1850 to 52 level. If we hit that