Missile systems our maritime air defenses including the drone who continue to target their military installations and industrial sites is nothing but a continuation of your the coalition is just manipulating words either a total cease and halt were still sees an end to the siege or the war will continue. Iraqs Prime Minister designate has quit intelligence chief mostafa call for me is the latest to be asked to form a government are now a sort of fi had until april 15th to form a new government although there was mounting opposition from some parties to his candidacy the u. S. Has recorded nearly 2000 new deaths from the coronavirus for a 2nd day this comes as President Donald Trump and the head of the World Health Organization the vented into a war of words over the handling of the pandemic. More than 680 people have died in spain in the past 24 hours thats fewer than the previous day with a rise in new infections also slowing spain is extending its state of emergency until april the 2
Corp. Downgraded we will debate on call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. And it is good to have you with us today. Our Investment Committee here, jim lavin all this, jon fortt. Dave wise, jen, liz young is back also with us on set today is ed. Lets begin with the rally stocks hitting record highs today. The dow closing above 29,000 is it time to buy or is it time to worry, liz . I am an incurable optimist. Not really ever time to worry that much. I say this all the time. You must be present to win i always believe you should be in the market. I still think there are places you can buy stocks josh brown, big friend of the show, i think he posted on twitter yesterday the market isnt even due for anything. We shouldnt pay so much attention to the calendar or the fact that it has been a long time or things have gone on to a long time. You have got Pay Attention to valuation right . Not as much as we used to i dont even know. With Mo
Once again . A corruption conviction for brazilian president lula sentenced to a decade in prison. He can appeal. What does it mean for the Economic Reform Program in brazil . Matt we are less than an hour away from the start of european equities trading. Very interesting to watch today because for you see the futures futuresuro stocks 50 unchanged. That was the biggest gain since april 24 and globally, stocks have risen once again to an alltime high. Bulls are faring well in this market. Take a look at the bunds. Yesterday we had a big jump in bund yields. Still finishing higher on the day. Now we are just about even right now. Trading at 0. 582. Trades not as exciting, a reversal we have seen in the last couple of days. Yesterday and germany, not causing the kind of tantrum we saw with the french issue a few days back. Ftsi and the dax, entry intoand the the u. S. Markets. The austrian dollar well bid this morning by. 41 . Question if it is a derivative of the australian [inaudible]
Well and it is the Bloomberg Consumer comfort index at 10 00. Fed had had, so apple of days ago. We also had the Kansas City Manufacturing number. Why do they do regional numbers . If you add them up, you get it picture of the country as a whole. We are federalists. Before the bell, best buy, scarlet fu will break that. Hewlette bell, the gap, and packard and obama is speaking in cooperstown today. Thats because the orioles are in first place. Lets do a data check. Equities, bonds, currencies, and commodities. The equity markets have a surge. Weaker and nymex crude is elevated bigtime. Vxx shows under 12. The euro dollar is so important. There is iron ore. In shanghai. I have no idea what the number means but iron ore is cheap. This is the volatility in the market. It is gone. This is the 25 year average. Over the lastgst five years and down we go bearing down to a new complacency. This is the conundrum. Thank you Central Banks and janet yellen yesterday saying considerable . We are mo
In three years. But should you own it should should you buy it here . One of our guests who recommended ibm shares is back to answer that question again tonight. All that and more on nightly Business Report for monday, october 20th. Good evening. A lot of buzz on wall street today about the disappointing earnings from tech bellwether ibm, sending shares of big blue tumbling and nearly wiping out the modest gains made in the dow today. We begin tonight with the after the bell earnings from another tech giant, apple. It was like night and day. Apple trounced wall street forecasts thanks to proceedout sales of the new iphone 6. Apple earned 1. 42 a share in its Fourth Quarter easily beating estimates of 1. 30 a share. Revenue of more than 42 billion was 12 higher than a year ago, it also topped forecasts. Apple also raised its guidance for the full year and its shares rose in afterhours trading in the regular session apple was up 2 to 99. 76. Josh lipton spoke with ceo tim cook earlier to