And global domination. Tesla is one step closer to opening a massive factory in europe Winning Court approval where it eventually plans to make 500,000 cars a year. U. S. Stocks sank friday amidst renewed concerns over the coronavirus. Tech Companies Hit hard. With more, i want to get to taylor riggs in the newsroom. What happened . Taylor the s p 500 was off about 1 . Of thearing the brunt losses, off 2 . Apple and alibaba off 3 . Investors are pulling their chips off the table heading into the weekend with the nervousness we are seeing about the coronavirus. Teche last five days, clearly the worst performer off about 2 or double what the s p 500 lost this week. The tech sector losses led by nvidia. They get 1 4 of their revenue from china. I want to put the losses into perspective. Losses for chipmakers were off three pointer percent. For the day, 3 . Worsthardly one of the days they have had. A bad week, but we have had worse. Investors did not want to go into the weekend with a lot
Brennan and jon fortt at post 9 of the New York Stock Exchange stocks rallying today with that trade deal reaching phase one in the books. Banks, earnings season capped off nicely by Morgan Stanley dow closes above 29,000 yesterday for the first time and we see s p 500 up over 3,000 for the first time guys, good morning. Chris, the question ive got this morning is where do you find opportunity in a market thats been roaring like this . You look at the growth fund, also small caps are small caps a place where investors should be paying more attention . They arguably havent run quite as much. I spent the last two days meeting with about 30 companies, small to midcap. And the excitement in the hallways at the conference were quite good the opportunities are very specific, though i think you have to look at the end markets. You know, data center recover will be better this year 5g weve talked about, infrastructure and devices but we also see Software Security, clearly after the iran situat
Halftime report starts right now. All right. Welcome. Good to have you with us on this tuesday. Joe terranova, stover any link, and jeff farr is back. Stocks modestly mixed. We begin with four widely held names. While woe dont expect another 32 years, we also dont expect selling pressure given the runway of disney plus. Are more ahead i could see a scenario the next couple years it works its way up to 200 a share disney had an incredible year. They had 80 of box office, which is completely unheard of in the history of hollywood. They probably dont repeat that, and of course thats in the past, but you say to yourself what will change with the Competitive Dynamics of the Media Industry to knock disney out of the top position. And for me, its really hard to figure that out. Im not quite sure whats going to change. The popularity of their films has never been greater and theres no kevin there it was all old content they have two or three new shows. Then he think about the things like cord
Well take you live as impeachment proceedings, of course, continue in the house. And a china trade deal hangs in the balance. Welcome to closing bell, everyone, on this big day. Im wilfred frost. And im Morgan Brennan in for sara eisen phase one trade deal may not be completed this year. Retail is recovering with target and lows shooting higher on strong earnings and fed minutes just out officials seeing little need for further rate cuts. Joining us for the hour, josh brown, ceo for Wealth Management. Whats happening . The president stepping off the plane. Yeah. Look at this. Dow is down 142 points, s p is lower, too. Trade, is trade once again dictating the action again today . At the margins. I dont think the majority of Market Participants are making big changes in what theyre buying and elling. Even if theres resolution on, quote, unquote, phase one, will be with us for the duration. If you are somebody who was going to make a radical change to portfolio based on trade, youve had t
Strategists on wall street now see elevated recession risks and a possible significant pullback. Joining us is ian winer. Welcome back. Thank you for having me. Today it is the trump comments that are lifting the market friday they were sinking the market what do you do in this environment . You have to stick to the stocks that you really like because theres absolutely no direction in the marketplace the president clearly isnt helping things i think we are just going to continue to stay range bound at the same time, where global rates are and the fed basically saying theyre going to be there and you are in a little range here i think that the uncertainty itself will outweigh whenats happening and see a correction before we run away to new highs. The risks tilted negatively near term negatively for three months i think. Ians here for the hour lets focus in on the big stories today. Live in france with the latest on china trade bob here at the exchange kate tracking the nasdaq ayman, fir