Thanksgiving coma and the ending the threeday losing streak are a set of records around the corner or this rally a flash in the pan. First of all, welcome. Thank you. [ applause the man. The momentum killer i just drop the hammer on momentum up. We call these the ifbs they told me in your name that your name at hq is c. Quint. We might take the quint thing. So, quint, to answer the original question today was a flash in the pan december 15th columns. The december levies the tariffs, the market goes down i would think it trades down to 30, 90 or so handles from where we are now and then another conversation but today was a bounce from the market down three days steveo. I do believe the market will bounce back even the last two weeks of the year if he puts on the new tariffs. So i agree with that level too 3,000 roughly in the s p but the market who wants to he will is the market . Long onlies want to be long it long short hedge funds will underperform if the market trades lower so momen
Shares dropping as much as 6 . What made this company take a turn for the worse the traders are here to break down theout look for in name and a lot of others. Were starting with retailers. That was the story certainly this morning when we were on squawk on the street at the beginning of the trading day, the etf tomahawk tracking the space falling nearly 2 . The worst day in more than a month as retail earnings kick into high gear tonight we bring you good, bad and ugly today. Wow. Sound effects and everything. Retail wreck. Lets start with the gold. Tj maxx bucking the trend closing in the green after a beat on both on the bottom line. But then there was the bad thats home depot. It did get hammered this amp missing revenue expect rations cut the 2019 Sales Forecast but the ugly, that is reserved for kohls, the shares down 19 posting the worst day in more than two years we shall also note we just got results from urban outfitters. You can see it the stock down as much as 14 in the aft
Investors, adding two more seats, separating the chairman and ceo positions. Guy here in europe, we are approaching the 400 mark on the stoxx 600. The s p already through its record. We are monitoring what is happening on both sides of the atlantic but that is a really big level here in europe. We are up by 0. 3 for the moment. Hsbc doing what it is doing, down 4 . Biggest pointhe drag on the stoxx 600 this morning. The other store be are watching is happening with the british pound. We will see a vote later on this evening to see if Boris Johnson can get a vote. That is not likely to pass. The expectation is that we will get an election this year. Speaking of elections, voters in argentina choosing Alberto Fernandez to be there next president. What does the result mean for a country on the brink of default again . We are joined by Nick Bennenbroek of wells fargo. The peso certainly starting the note, then a up bestperforming against the u. S. Dollar, but this does not mean that we wil
17th sadly on that day, the Intelligence Community Inspector General formally notified the congress the administration was foreboding him from turning over a whistleblower complaint. On constitution day. This is a violation of law shortly there after press reports began to break of a phone call by the president of the United States calling upon a foreign power to intervene in his election this is a breach of his Constitutional Responsibilities. The facts are these. The Intelligence Community Inspector General who was appointed by President Trump determined that the complaint is both of urgent concern and credible and its disclosure he went on to say relates to one of the most significant and important of the director of National Intelligences responsibility to the american people. On thursday the Inspector General testified before the House Intelligence Committee stating that the acting director of National Intelligence balked him from disclosing the whistleblower kpla complaint this i
This is a trade war that seems stob a manufacturing trade war to what extent we get that tomorrow it should be noted that last months ism services was a very bullish number which had the markets reverse a twotai plunge like the one we had when people thought okay here we go but you had adp showing the labor market could be if you look at the threemonth average on jobs on adp down about 85,000 over the 12in month but not much changing. Karen you said last night you were getting worried youre more worried on a relative basis more worried today. A little more today but i see a lot for fear in the market right . Things are feeling a little panicky. Not superpanic but one of the things i watch closely is the vicks we had a big spike in the vix today. I think now is not the time to buy volatility i think this move too far too fast if anything if we have the story, the eu tariffs are that just came out, if thats sort of carb shall that with tesla numbers i guess well get to later if that star