2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Heres a look at whats on deck today. I believe production problems at the rim factory may have contributed to these 2 tragic crashes of the. Following 2 down the crashes involving the boeing 737. 00 max a whistleblower has raised the alarm in congress and our National Regulatory attorney miles advisers on hand to break down the developments and well bring you up to speed on the fate of the planes flight but following a spate of controversy peloton stock has taken a little bit of a dip like a 1000000000. 00 worth were going to take a deep dive into the stocks performance and whether the firm can stand up to scrutiny with the pack show today so lets go right in. And we begin with the u. S. China trade talks in the fact that thursday president trouble is meeting with traded visors to figure out next steps why because at this point it looks very unlikely that a phase one deal will be done before december 15th and so the big question becomes will the Trump Administration allow 160000000000.
They have no other alternatives for in terms of managing supply chain manufacturing are moving their production elsewhere outside of china so given that they have absolutely no backup plan they are all lobbying trump and trying with all the actions and everything he is under tremendous pressure to get some sort of resolution done whether its appealing to them or getting something signed or rolling these tears back like china wanted and yet again that the end of the day if we hit the 15th and those tariffs kick in its going to have an enormous impact on the chinese economy but its also have an impact here in the United States on manufacturers here as well so they get with the markets kind of hanging on every word no late word today is that the trial ministration is looking at going ahead moving forward with a delay of some kind right thats what it is looking forward and that has given the markets a little bit of hope a little bit of a breather but the markets dont forget it has aardman
Social commentator mo answer as well have a great night gentlemen thank you. Very much i love a great sense watching at home when the time of day it is day or night really all around the world this is Art International with me kevin owen here in the coming hours for all the reaction coming into the big vote verdict in britain today at r. T. Dot com and our social media hope you enjoy your program so i can tell you the boom bust team are here next right now for stateside studio to talk about among other things the ongoing troubles at boeing the playmaker is coming up. This is the bus broadcasting around the globe uncovering the world of business and finance and the impact on us all ive been sworn and im christiane washington heres a look at whats on deck today. To leave production problems at the rim. Factory may have contributed to these 2 tragic crashes. Falling kid on the crashes involving the boeing 737 max a whistleblower has raised the alarm in congress and our National Regulatory
Candidate steve forbes, im going to let you talk amongst yourself and let you talk, so interesting what you have to say about all the topics for the day and whats going on in this country whether its china trade, im going to sit back. Dagen, you never sit back, not for long. Dagen is that a compliment . [laughter] dagen former u. S. Attorney on new immigration rules of birthright citizenship, a lot of confusion, here to clear it up, member of the House Appropriations Committee Chuck on china, former Senior Adviser to george w. Bush, karl rove and brian kelly on lastminute Labor Day Travel destinations, you do not want to miss any of those fine gentlemen. Right here right now signs of hope sparking rally, futures to the plus side bigtime this morning at 245point gain on dow futures, china says it will not retaliate against latest rounds of tariffs set to go into effect on sunday, chinese spokesperson saying that the country hopes to instead discuss removing the new tariffs in order to p