Alltime highs today and if you just looked at the market, you would have no idea, frankly, about the civil unrest across america, as thousands continue to take to the streets to protest Racial Injustice and inequality demonstrations last night a little more peaceful than on prior nights were going to dive into what could be a Tipping Point here in the u. S. Power lunch starts right now tyler, thanks stocks are at their highest level in three months as the rebound continues at a furious rate for more on the road back to record highs, lets get to dom chu. Hi, dom. Hi, kelly, lets talk about the massive amount of green youre seeing on the screen right now. As you and tyler mentioned, the vshaped recovery continues to move the dow industrials, 400point gains, about a percent and a half to the upside the s p 500, 3116, the level there. 1 gains there the nasdaq actually lagging for a bit now so far but lets take a little closer look at the nasdaq specifically the nasdaq 100. Because as tyler
Lose social distancing measures in indonesia, perhaps having a slower recovery. Were still seeing gains. The sti also snapping out of a whole week of losses we saw yesterday, where every day last week was in the red. But we do see singapore the most affected nation in the nation region in the nation. The nikkei 225, watching the boj, a lot of focus on bond buying. Will they scrapped that ¥80 trillion target and launch that unlimited qe . The yen has been satellite steady ahead of the policy decision. Were watching wan related assets given the speculation of kim jonguns health. We still see strength to the korean won. The berlin be indeed were maybe were at 64 u. S. Cents right now. Ceo market calls with the of dalton in about 10 minutes. Lets get first word news now with Corinna Mitchell in new york. Corinna confirmed coronavirus cases around the world is approaching 3 million, according to bloomberg and john hopkins university. More than 2000 people have died so far, the u. S. Talkin
Writer. An health surely the most Immediate Impact of this crisis is the lives that are being taken from families and communities all over the world. Not focusing on the economics of it. It is very clear we will come out of this crisis with an enormous amount of debt. The debt story into three buckets. The first is government. The second is businesses and the third bucket is households. The federal government is on track to run budget deficits like we have never seen before. Last year we were hitting trillion dollar deficits, we thought that was eyeopening. Now we are talking about a 3 trillion deficit. And theral reserve central bank will play a very big role on financing that deficit. When you look at state and local governments, many of them by their own design have to run balanced budgets. For them in order to avoid accumulating debt, they will be doing a lot of cutting over the next several months or years. That will have economic impact. In the business sector, businesses came in
As the president tells the meaning behind it all. The two largest trade deals in history. One was china, and the other one was mexico canada. [applause]. And with china, will be taking in 250 billion a year and with mexico, canada will be taking in hundreds of billions of dollars a year. Thats pretty good right. It makes our country stronger and better rated. Joining us, welcome guys. On with the market is, what is it telling us. Obviously, it seems nothing but clear blue skies ahead. There are ways you can look at the evaluations of this market. This isnt such a pricey market going into new year. Your thought. I do think it is pricey. I think the economy is accelerating. I think earnings will be back. Probably high Single Digits and maybe even better because all of the uncertainty of trade. Hopefully, i have to add the boeing, is 798 dow points from the time of last year. So that tragedy if it didnt happen it, we would probably be over 30000 and if they do get their act together, i wo
Charles stocks continue to record run, dow, nasdaq and s p all record highs, mostly because of upbeat earnings, in fact, housing went through the roof, punt intended, 1. 4 million, the number well over 1. 6 million, thats what we call a monster beef, folks, jackie on more of the housing renaissance, jackie . Good afternoon, this is a monster beat when you take it bo context, you see why the market is up, strong earnings, great progress on trade but also strong fundamentals, thats such an important piece of the puzzle. Take a look at this, the month of december, that was the housing start, highest level since december 2006, more than 40 year over year, increasing to highest level, multifamily strongest since 1986, this is all according to the commerce. Now whats spewing the spread, the rates, its not just the fed, also strengthening the u. S. Economy, thats what makes people more confident to go buy homes, people that are scared dont want to commit their money even if rates are low, whe