Concerns over production of the 737 max jet. And positive news on the housing front, as home builder confidence jumps to its highest level in two decades coming up next hour, former treasury secretary jack lew will join us to discuss trade and the economy. You do not want to miss that and with us for the whole first hour of theshow, dan nathan from risk reversal advisers. Dan, good afternoon. Thanks for joining us. Great to be here. More optimism on trade or whatever you want to put it down to is a lot of this news not already out there . Are you surprised to see ongoing rallies to new highs yet again at the end of the day, you like to see followthroughs. So friday, we had a muted react. A lot of investors expected some kind of surge, similar to what we had at the end of 2017 after the big tax cut. A lot of this was priced in. I think the continuation of last weeks rally into this week is obviously pretty establibullish. Also fairly seasonal as we are looking down the barrel of a week
Sector of the year and the decade the Investment Committee is ready to go, Halftime Report starts right now welcome, good to have you with us on this friday our Investment Committee today, joe, jack, steve and liz, director of Market Strategy and margaret reed, senior Portfolio Manager with union bank. Lets begin with the jobs blowout, the reaction in the stock market perhaps the belief is that we can have the yearend rally after all. This says to me phase one. You just need the economy to keep humming. If we can have it, we are having it. And i think like the biggest lesson of 2019 is the industrial data is just so misleading and so unimportant for people to obsess over. But a lot of the Economic Data points that we traditionally Pay Attention to, they come from the 1950s, the 60s, the 70s. The economy has changed and its become more globalized and consumer centric i cannot stress enough how important it is to look at price versus listen to economic opinions if you listen to opinions
Headlines are moving stocks much higher were going to dig into those. And driving the action this week, media disruption well get the Details Behind hbo max, friday is the launch of appletv plus, and disney plus launches next friday so all of this week on closing bell, were going to take a deeper dive into the strategies, investments, and personalities behind the changes happening in media. Today, well talk to billionaire, ted leansus, the owner of Washington Wizards and capitals about the value of live sports thats all coming up after the bell its going to be a very big show here today and joining us for the hour is stephanie link fr stephanie, it looks like today is kind of steady as she goes, it seems like we have a deescalation of the trade war and fundamentals of earnings actually moving some stocks. You hit it perfectly, actually good start to the week trade tensions seem to be easing a bit. Earnings so far, 50 of the s p 500 have reported. Theyre beating by 2 , i know against a
Hill how this could impact the market and how the impeachment inquiry could to from here. All that and so much more on making money. Stocks were sliding a little bit off the session lows of after a report the Trump Administration will not renew waivers set to expire in november with respect to huwai products. However there is a source telling fox there is no decision on extending those temporary licenses right now for the chinese company. Point view Wealth Management david dietze and monica mehta. Let me start with you. These seem to be speed bumps. Theyre not derailing the market. It is off less than 100 points. Here is what im seeing that is really intriguing. The report is out. America leveled sanctions against chinese oil tankers. On the other hand the Chinese Foreign minister we dont want to play game of thrones. Another report from out of china highranking source they will buy more soybeans boeing into the meeting. Theyre prepared to buy 35 million tons next year if they get a de
Opposition to the plan. And oil falls as opec calls on producers to abide by output shery shery . Lets start with a check of how markets closed in the u. S. The s p 500 closing above 3000 again, just one 5 short of its alltime high. It was boosted not only by fresh stimulus coming out of the European Central bank but also a bloomberg report that the Trump Administration is now considering offering a limited trade deal to china. We saw the dow gaining 45 points on the nasdaq closing at a july high, gaining for a second consecutive session. Almost every sector on the s p 500 was on the green except for energy. As paul mentioned earlier, oil fell today. We had the International Energy agency warning opec of a daunting surplus of crude. That really not helping the oil market. U. S. Futures at the moment unchanged. Lets see how we are setting up for asia. Sophie this friday, asian futures are hinting at gains. Central Bank Developments very much top of mind. Overnightust holding after a vol