Charles the dow nearly 300 point higher, topping 27,000 as big banks beat this morning. Third quarter earnings season has indeed kicked off with a bang today. Jpmorgan, goldman, wells fargo, citigroup, blackrock all reported ahead of earnings open this morning. Just the two banks alone, jpmorgan, they have got 10,600 branches. They give us a great view of domestic economy. Jamie dimon saying the American Consumer is going strong. What does that mean for the stock Market Going Forward . Joining me nuveen equity strategist bob doll. Thanks for joining us. Thank you. Charles so far so good for the week 23 S P Companies reported. 91 have beat. Wont be all that good but what are we getting so far. The strength of consumer. We have yet to hear from Manufacturing Companies where things are more questionable. We need stabilization in manufacturing here and overseas. Germany, china, pmis, the isms, get a little stabilization there i think we get a lift. Charles when jamie dimon this morning tal
Market. We begin with the big issue, a solid job report clouding the feds next move. Looks like rate cuts are off the table. It is hard for them to say, we are still going to cut. When i look at these numbers i keep going, why, why cant we wait . Maybe the trade war is not weighing on the outlook as much as we feared. I think you will have to reprice to a certain degree less than three cuts. The good jobs data report pulls people back wondering what the fed will do. The fed is in preemptive mode. Does the fed to get in front of the eightball or behind the eight ball . It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have peter tchir, iain stealey, and noelle corum of invesco. I want to begin with you. It is the number one question following the payrolls report. What does the jobs number on july 5 mean for the fed meeting on july 31 . Noelle no doubt, the payrolls number was strong across the board bu
Solid job report clouding the feds next move. Looks like rate cuts are off the table. It is hard for them to say, we are still going to cut. When i look at these numbers i keep going, why, why cant we wait . Maybe the trade war is not weighing on the outlook as much as we feared. I think you will have to reprice to a certain degree less than three cuts. The good jobs data report pulls people back wondering what the fed will do. The fed is in preemptive mode. Does the fed to get in front of the eightball or behind the eight ball . It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have peter tchir, iain stealey, and noelle corum of invesco. I want to begin with you. It is the number one question following the payrolls report. What does the jobs number on july 5 mean for the fed meeting on july 31 . Noelle no doubt, the payrolls number was strong across the board but we dont think it means much. We think
I keep going, why why cant we , wait . Maybe the trade war is not weighing on the outlook as much as we feared. I think you will have to reprice to a certain degree less than three cuts. The good jobs data report pulls people back wondering what the fed will do. The fed is in preemptive mode. Does the fed to get in front of the eightball or behind the eight ball . It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have peter tchir, iain stealey, and noelle corum of invesco. I want to begin with you. It is the number one question following the payrolls report. What does the jobs number on july 5 mean for the fed meeting on july 31 . Noelle no doubt, the payrolls number was strong across the board but we dont think it means much. We think it definitely reduces the likelihood of 50 bps cut, which is priced in going into payrolls. In terms of the fed, communication will be key. They will either have to del
When i see these numbers, i keep going, why, why cant we wait . Maybe the trade war is not weighing on the outlook as much as we feared. I think you will have to reprice to a certain degree less than three cuts. The good jobs data report pulls people back wondering what the fed will do. The fed is in preemptive mode. Does the fed to get in front of the eightball or behind the eight ball . It comes down to the discussion, do they want to make insurance cuts . What are we ensuring ourselves against . Jonathan to discuss, we have peter tchir, iain stealey, and noelle corum of invesco. I want to begin with you. It is the number one question following the payrolls report. What does the jobs number on july 5 mean for the fed meeting on july 31 . Noelle no doubt, the payrolls number was strong across the board but we dont think it means much. We think it definitely reduces the likelihood of 50 bps cut, which is priced in going into payrolls. But in terms of the fed, communication will be key.