China trade deal jobless claims fall. And real estate and staples are leading the charge joining us for the hour is stephanie link were both feeling the holiday red but we got a green market. Like a christmas theme were now starting to see internalsin the market thats confirming the stabilization look at the 210 spread, the yield curve is steepening. Nats a good sign asia stocks, they are breaking out. You look at oil up 10 in the past month all of these things are confirming were seeing stabilization and that sets us up for 2020 seeing better growth my biggest question mark does this translate into better earnings i think we will see better earnings which maybe not right away you have pmis globally that are stabilizing. I feel good going into 2020. It has to be an Earnings Growth year all three averages are up half a percent first lets focus on the big stories were watching Kayla Tausche has the latest on china trade and usmca. Then the senate spendling bill vote and Bertha Coombs has
Stocks coming off their best year since 2013. S p 500 up better than 20. As i said, those china easing measures overnight giving a boost to Global Markets here in the United States. The road map starts with exactly that, the bull is on the run, wall street looks to keep it going in the new year. Stocks said to open a deck they had sharply higher. Carlos ghosn mystery tesla on a tear. A price market boost. We begin with the markets looking to a strong start to the new year this after we saw the dow rise 22 in 2019 the s p 500 up almost 25 . The nasdaq 35 was the gain. So here we go, lets get it started. A slight pause at the end of last year. Nothing to speak of. Its been a bit of a tradition a good update of january it doesnt determine the rest of the year it seems the trends that took hold at the very end of last year are intact. You have a good Fourth Quarter return as we did it tends to carry over a little bit. Even though the market seems like its getting stressed and people are ge
Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
They say they need more time to evaluate sweeping changes affecting the brokerage industry. President trump urged voters in kentucky to reelect the republican governor today. He says it would send a message to House Democrats conducting an impeachment inquiry. Governors races in mississippi and louisiana are also seeing as a test of the president popularity, so our state legislator races in virginia. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. Top storiesare the we are following from around the world. Deepens bonds selloff thanks to optimism over a potential removal of u. S. Tariffs on chinese goods, denting appetites for haven assets. Curbing huawei. My conversation with sec chairman ajit pai unwanted want to Ban Companies
Welcome. Good to have you with us on this thursday. Our Investment Committee on the table, jim, steve, michael is back. We begin with surge, s p and dow hitting fresh highs today. Trade the reason. Reports say the u. S. And china agreeing to roll back some tariffs in phases, doesnt take much to get stocks climbing. Jim, weve been asking all week if theres a green light for this sevenweek surge into the end of the year. Were higher today, what do you think . I think there is a green light. What we were worried about yesterday was somebody not wearing the right shoes for when the meeting was going to happen. Obviously thats yaeesterdays news. Today theres talk that the tariffs may be rolled back and the market support in the is still i market that teeters whoon happens wi on what happens with trade. But were still waiting for that euphoria phase. I dont think we get that this year i think thats something where the stars have to align in 2020. More on trade. More benign politics. These ar