Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Tweet me jimkraim he were worst day since the crash of 87, the dow at the lowest close in two years no s p plummeting 9. 8 , nasdaq 12. 32 , a truly sickening day with a horrendous last hour. Its finally dawning on people were in a real crisis here. Ive been telling you this pandemic could be real bad news for stocks, since i came back from the super bowl we were underestimating the coming outbreak send us into i want to say a recession, because i think that its pretty obvious that thats kind of where were going. People did underestimate the coming outbreak and as far as im concerned it really isnt one of the situations where we can just ride it out we have to think about it. We have to figure out what to do we have to work together, and ive got some ideas, theyre not simple ideas theyre ideas involving opportunity, theyre ideas involving what i regard as being lets just say some things that happen that are good when the market goes down, but were not ready yet. First, lets talk about
Exchange this is epic as well why do you get squawk box specific mugs. I dont think we have that on closing bell. You think your set down at the ant kuwaited New York Stock Exchange the whole Stock Exchange is our tv set. The whole future is nasdaq. Its moving forward. The specialists, the middle man. You want to be here, my friend its a lovely new set. It is. I wonder how much these costs, these mugs. I love the New York Stock Exchange we love both. Just kidding we do get territorial once in a while. Im glad you like our new sets and our mugs dont take that with you treasury yields this morning, i looked 190 on the ten year recession fears have faded trade concerns are so 2019, i think. Arent they . Theyre just so 2019 the dollar. Thats supposed to weaken im doing another show today exchange. So am i. Closing bell. Thats your normal show what happened over the weekend . U. S. Military carried out precision defense strikes in syria against a Militia Group following a string of attacks
Accomplishment for the president. But, mixed global data offers a reality check as both german and french manufacturing figures miss forecast with germanys private sector contracting for the fourth month in a row. Shares sink after the Home Appliance maker warns bigger than expected hit from a plant in south carolina. A tasty deal iff will buy duponts nutrition and bio science business creating a consumer giant worth 45 billion. Well, happy monday, very warm welcome to street signs. Lets kick off the show with a fresh data point thats just crossed the wires. Thats the eurozone flash pmi for december for the eurozone as a whole the composite came in unchanged at 50. 6 that was the same level we saw in november. The manufacturing pmi, that flash 1 slipped to 45. 9. So slightly lower than the 46. 9 seen in november the services pmi, that rose to 52. 4 from 51. 9 in november so slightly more positive news on the services front, weaker news on the manufacturing front, which is really bang i
The committee will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and canada are our countrys most important trading partners. According to the International Trade commission for the year 2017, more than onethird of americas merchandise exports went to mexico and canada. In that year mexico and canada imported more than half a trillion dollars of American Goods plus more than 91 billion of american services. For iowa our six and sixtenths billion of exports to canada supported 130,000 jobs. The foundation of our strong trading relationship with mexico and canada have been, thus far, nafta. The United Sta