Of legislative affairs, and winning over india, u. S. Tech giants move into the country with more than half a billion internet users. We will explore why not everyone is happy. But first, to our top story. It is finally here. After three years in the making, the u. S. And china have signed phase one of their trade deal. President trump and the chinese vice premier puttingpen putting pen to paper. Mp china has made substantial and enforceable commitments regarding protection of american ideas, trade secrets, patents, and trademarks. China has also pledged firm action to deal with pirated and counterfeit goods, which is a big problem for many in the room. Taylor those people in the room, executives from qualcomm and ebay and others. A director of cyberspace policy at the council on foreign relations, and in washington, bloombergs peggy collins. Peggy, let me start with you. What did we learn from the signing today . Peggy with the signing, what we have learned is that the u. S. And china
Sure hope it z whidoes while we wait for that, the numbers hospitalized in china and the number that are released and die. Its going up to 20 of the nasdaq is up 2 that is where we should rollout our game plan for next week. First off, as you know, were closed for monday for president s day. China is very much open. I fear another awful set of statistics i dont know why more people arent investing in this they want people to go back to work they dont want to let people down so it cant be too discouraging. The whole world is hanging on the numbers. If this outbreak gode badly, it could turn into a crisis for the globe. Youll have executives fearing for their lives. Thats right, their very lives the infections will keep climbing and again, remember what i said from the very beginning. No one listened to me. Trust no numbers out of china. Dont trust them walmart reports. This comes with an Analyst Meeting this time. I heard a bunch of people predict this week that the quarter might be wea
Stocks of companies with obviously great fundamentals but a Battle Ground with fire. And madness. Count me out too much effort. Sometimes though you have to take a stand and in a market like this one where the bullish animal spirits can bowl anybody over. Including today the dow inched up 30 points s p advanced and then some battlegrounds, even for me, too tempting to ignore thats why i have been taking a stand with tesla i might have gone back and forth, two of the biggest hornets nests of our time what separates the tesla a battleground stock that i feel compelled to champion from the netflix which i lost conviction in championing it for years at lower levels okay, all my career i have been fascinated by companies with vociferous bulls and ferocious bears if only because theyre so entertainling. Three things distinguished the stocks from regular run of the mill equities. First, theyre cult like the house of pleasure. People buy them because they love the product and the product trans
Med, which helped lift the mood. Well have more on that in a moment. Anl streets view of the u. S. china trade negotiations, which seem to changeil they were optimistic today. It all contributed to a continuaon of the latest rally that began in early october. The dow was up another 190 points, nasdaq was up 112. S p added3. Mike santoli takes a closer looe ater the new highs can hold. Wall streets record rally t slowed in rec weeks but not yet stopped. The broad s p 500 drifted to a fresh alltime high monday, it up only a fraction of a percent over the past ten days. Now with th i ahead by nearly 25 for the year, the question turns to wheer the rally has already priced in most good news on th economy and trade or whether the market is really pausing ahead of a typicalun homestretch higherhrough december. The key drivers for the markets recovery since august remain in placsi raant rec fears in late summer now appear unfounded. Mobile growth is showing signs of picking it. The Federal Re
Russell 2000 index that got our attention this evening the index hitting its own fresh 52week high are the small caps saying big things about the health of this record rally guy. Tim has talked about this and good for dan nathan. Why are you shaking your head . Why . Its monday. Were 30 seconds in. Youre already a downer. Dan mentioned it on the call. Everybody said dan is a downer hes not a downer, he pointed out the russell. 161. 5. That was the high back in may. These are pretty interesting levels the real high is at 173 that we traded back in august 2018 but the small caps are absolutely telling a story they have lagged the Broader Market for a while they seem to be catching up. The question is do we ratchet through this 161 level with the s p trading sideways for a while and retest that 173 high it certainly feels as though thats the next move so yes. Are you optimistic . I bring it up because its obvious. You look at this breakout here weve been looking at this index since the st