Pounce on the remarks an hour after he made them seems like a little bit of a leap here. It mixed into the selling sauce. The markets dont need to hear much to sell or trigger something. If they dont know what is happening on the fed front and certainly dont know what is happening on the virus front. As i often say they sell first ask questions later. Well see. Jackie deangelis on the new york stock exchange. With the dow down 265 points. An update. Jackie . Reporter were off session lows. It was interesting around 11 30 the market dropped the first 100 points. People were scratching their heads, asking if there were any headlines crossing the tape, what was causing this and there wasnt a clear explanation. When the second 100 point drop came, one gentleman said there were rumors floating around, chatter, that the markets were too complacent when it came to the coronavirus. There were concerns china is not forthright with all the information. Maybe the numbers are not accurate. Maybe t
Our favorite cpa will show you new laws in 2020 that will absolutely affect your Retirement Savings plan. How you can take effect of those changes. We have that and much more on making money. Charles folks it is an understatement it has been a great year for investors. Nasdaq up more than 30 . Bond market, certain commodity the like gold blake showed you see gains. One years winners are not guaranteed to be next years winners. Where should investors look to be a prosperous 2020 . We have two of the very best. Danny hughes and david nelson. Thank you very much for closing out the year with us. Let me start with you, danny. It has been a remarkable year. We go in with fair amount of economic and stock market momentum but things will change during the course of 2020, right . I think so. Look at 2019 that was the story in 2019. We came in 2019 crying, hiding under our covers. Charles you should have seen what it took to get david out of the house. It was not fun. The fed flip drove a lot o
Usmca and the future of european trade from the inside, we are going to talk all about the trade policy with Robert Lighthizer coming up this morning, dont miss this exclusive interview coming up, mornings with maria begins right now. Maria big show this morning, Divine Capital ceo and founder danielle hughes, fox news Dagen Mcdowell and nfl player jack brewerrer. Dagen great to see you, get to it, we have so much to talk about. Maria this has implications beyond boeing, suspending production after two deadly crashes involving that jet, aircraft has been grounded globally since march, the company saying this in a statement, we believe its least disruptive and supply chain health, we will continue to assess our proprogress to return to Service Milestones and make determinations about resuming production and deliveries accordingly, boeing has said that the announcement will not affect employees and will not see any layoffs happening; thats the good news, they wanted to have this plane ba
Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
Making money. Charles stocks lower on Global Growth and trade concerns. Deirdre bolton at the New York Stock Exchange exactly what the inverted yield curve means. Why the market is selling off. Deirdre . Charles. A lot a cover here. We are off the session lows. If you look at dow. One putting pressure on dow, jpm, walgreens, goldman sachs. We know in the inverted yield curve position the banks have a tougher time making money through their lending business. So that is why we are seeing financials pressured overall as well. S p 500 not a surprise, charles at these levels. Higher interest, more money for having lent it for longer period of time. That is the logic of the bond market. That is how it works. At this point we saw inversion and essentially shows that investors, well, theyre just anxious about the future. Theyre anxious about the underlying fundamentals of the economy. Now of course these moves can come and go. But today it is about selling and it is about larger economic anxie