Start. Up 15 since the beginning of the year, and it just got a huge upgrade. Its our call of the day netflix, ibm, intel, and more, a ton of big names report earnings next week. Well get you set up the Investment Committee is ready to go. Halftime report starts right now. All right. Good to have you with us on this friday our Investment Committee, jim lebenthal, josh brown, steve weiss, and shannon shikosha. Lets begin with the markets. The s p set another new record high today all three averages in fact doing so word this morning from appalo a appaloosas david tepper saying at some point the market will get to a level that i will slow down that horse and get off. The fed put money into the system, china tensions eased, and the sign seemed clear to him about where the market wasgoin to go whereas there was a lack of clarity in the months before that because of all the noise around china trade it outperformed in december and january. It is a fair bet tepper has been adding to his indiv
Will be signed on january 15th China Remains distinctly unenthusiastic this lack of enthusiasm from beijing is something reminiscent of the last time we thought a deal was on the table buck up cold at the last minute and keep in mind this phase one is by no means a resolution to the trade war significant challenges still remain ahead and china still hasnt publicly made any commitments to u. S. Demands these add quotas as we reiterated are unreasonable targets for china to meet china isha note of caution ahead of this weeks signing on social media saying the quote trade war is not over yet and that just the 1st round of the game doesnt sound very optimistic here so we shall see what transpires on the 15th if it gets done will be optically pleasing for the trumpet mr ation despite heavy balance of whether the agreement will be implemented in full by both countries know that one only covers a low hanging fruit and if china and the us. Even come to an agreement here phase 2 which will invo
Movers this month. Jim cramers going to be on here to tell us what these par boir bolick moves mean and tillray announces a shake up well talk to the ceo, brendan kennedy, to ask him about his plans to make this hot stock hot again. Say that five times fast power lunch starts right now stocks are retreating today, it was above 29,000 before sinking just moments ago before the breaking news, reports of china tariffs staying in place until after the 2020 election. Kayla has some new details on this developing story. Kayla, i thought they were supposed to sign this deal tomorrow i guess its still on, but youve got some details. Go ahead signing is sill on, but the principles have maintained ever since this was reached that any future tariff reduction would hinge on chinas compliance with this first phase of the deal an Administration Official telling me moments ago theres no agreement on a path forward with regard to tariff reduchotin to between mid december and today, there is still no d
And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
Good thursday morning. Welcome to squawk alley. I am Carly Fiorina with Morgan Brennan and jon fortt. A busy day of earnings, some tech, some not to sort through today, microsoft, paypal, ebay and others on the tape two biggest movers going the opposite way, tesla is surging, twitter is tanking Julia Boorstin and phil will he be lebeau is with us. This is a stock having a rough day, one of the worst days ever as a public company, on pace for the worst month since july, 2018 shares down almost 19 lower despite growing the user base to 145 million active users. The reason it is tanking, revenue and earnings fell short of expectations as technical issues keep them from Fourth Quarter ads. Jack dorsey looked to reassure investors. Unfortunately we had some missteps in our map ads in july and august despite that, saw strong september results and good advertiser momentum. He stressed the commitment to clean up the platform and eliminate abuse. 2020 elections and integrity of the conversation