5. 1 Million People filing for unemployment in the last week. We have the numbers and full amounts this morning. Ahead of the numbers, futures pointing to gain at start of trading, take a look at futures, 100 points on dow industrials, s p is up 15 and nasdaq higher by 72. This after worse than expected news yesterday in resail sales and disappointing earnings led to selloff in market. Dow industrials down 445 points. Nasdaq down 122 and s p was lower by 62. Earnings season rolls on. This morning more banks on tap. Weve got all the numbers you need to see this morning as we ahate Morgan Stanley, blackrock among others. Plus the origins of the coronavirus. More focus this morning turns to a lab in wuhan, china. Something ive been highlights for several months now. Mornings with maria begins right now. Global markets this morning look like this. Cac quarante in paris is up 28 and germany taking steps to reopen its economy and Angela Merkel announcing some stores can reopen next week and
Ready to go. Halftime report starts now. Welcome good to have you with us on this monday our Investment Committee is here with us. Chief Investment Officer at boston private wealth. Begin with stocks battling back heightened tensions in the middle east continue to drive trading. Watching gold, oil hit highest level. Weis, happy new year, havent heard from you in a few weeks. The question we have today, are the risks becoming too big to overcome this rally . I dont think so. I dont regard happening in iran as geopolitical risk a factor. Weve seen it so many times before markets have gone through it if oil has a sustained rally and moves higher, that will impact the economic picture particularly in europe i dont see that happening either were the large zest producer. We can measure demand to meet prices to me a bigger risk that just came out is bolton testifying in congress in the impeachment hearing. Youre reading news its literally just crossing the tape we might as well tell everybody
This comes after a decline of about 29 points. S p indicated up by 12. 5 you want to take a look at whats happening in the president ry market yields look like they are a little weaker. Dow component is reporting. Company is reporting a quarterly profit 3. 88 a share increasing the full year out look we have a nice gain in the stock there. This is a dow component. Thats the headline. It is going to help the dow. That is one of the reasons 3. 5 points adding nicely we wouldnt be up without United Health a lot of different view points on how theyll fare. Depending what happens they have been weak. Wont mention any names. We have an update lets do black rock first we have a lot going on earnings coming in from black rock looks like they earned 7. 15 better than they were expecting. Revenue looks like they are about in line with expectations. Couple other things, they say the longterm net flows. 52. 2 billion. This is a company has has 649. 64 trillion this companys ceo will join us who is
Morgan stanley topping estimates. Netflix and tesla after the bell. Plus, chinas outlook, q3 Economic Growth coming in better than expected. Jpmorgan, citi, and nomura all boosting their forecasts on the data. The nvidia headwinds. Morgan stanley and citigroup lowering price targets on the stock after new u. S. Restrictions on chip sales to china. Shares down nearly 2 ahead of the open. Lets get to the markets and this busy morning on the earnings front. Were graduating, sara, from the big banks, although we got Morgan Stanley today, into some of the regionals and more of the consumer names as well. Kind of a mixed picture across the board. I think front and center is still this move in bond yields that we have been seeing, especially on the back of yesterdays move higher. The twoyear yield got to 5. 2 . Above 5. 20 , yeah. These are very high levels and it makes you wonder with everything going on in the world and with investors so focused on the geopolitics and figuring out, does ira
We have a longerterm horizon and take them independently than any other sicycle. Iag is marking an operating profit for the First Quarter and marking a busy summer season. And Prime Minister Benjamin Netanyahu vows to stand alone ifness pushing back against a warning by President Biden not to invade rafah. If we have to, we will fight with our fingernails and with gods lhelp, we will win together good morning you can see a mostly green day for the european markets not as busy of an earnings day of course, were coming off the bank of england decision to hold rates steady governor Andrew Bailey striking a dovish tone. The stoxx 600 is up over. 50 . On pace for a sixday winning streak the markets started off mixed and then the markets moved higher after the decision. Stocks on pace for the sixday win streak right now lets go to the boards the ftse 100 here is up o over. 50 . Hitting a fresh record high. A quiet day for earnings iag is boosting that index the dax is up almost. 75 . Take a