Iran after the government admits it and suddenly it accidentally shot down a ukrainian jetline. Washington aso china and the United States look to sign a phase one trade deal. Begin reporting with j. P. Morgan, citi, and wells fargo numbers due this week as Goldman Sachs says it plans to double its headcount in china. Good morning. David good morning. Matt good morning. We are looking at futures showing gains across europe. Take a look in terms of the dax and ftse futures. Cac futures are down just a little bit but we do see a gain on dax and ftse futures, just slight, but they are green arrows nonetheless. We see gains in terms of u. S. Futures. In fact, much more strong in terms of u. S. Futures much more strength in terms of u. S. Futures. Atdaq, s p, and dow jones. 3 . Anna lets take a look at where we are. That does seem to be on the move. It was flatter than that perhaps , just half an hour ago or so. Highera tentative push on asian equities. We are without japan. The philippines
What is behind this a rally . Can it continue . Good morning, gentlemen. Paul, ill start with you. Valuations getting stretched here im a little bit worried about the valuations in tech, and ive been at this game a long, long time. Fundamentals are okay. Fundamentals might even be accelerating a tad from last year but when you take a look at the valuations of some of the marquee names that you mentioned in the teaser, particularly tesla and apple, im worried interesting okay joel, how about you . Given some of the names we just mentioned, in your coverage universe, what do you like the most at these levels good morning. Thanks for having me on. Obviously with tech you want to be a lot more selective and who the winners and losers are going to be. I think apple is to the upside, but 13 times to 24 times the span of 12 months is getting a little rich. I think the 5g hype could get a little ahead of itself, especially 5g as a utility is limited in the foreseeable future i look for names i
Silicon valley tGlobal Health cares when nasdaq leading the way while the dow gains 83 points, s p up 6. 7 were here to cheer the most Economic System in history. Capitalism is taking the lumps like since the Great Depression and some is selfinflicted we have real problems with income inequality like the money that boeing was to pay dennis mulingberger can the new ceo change the companys trajectory or a Corporate Culture that seems to have gotten rotten and the ugly emails and it appears engineers deceived the federal regulators about the need for more Pilot Training to handle the maps but they did need training to handle the systems as the company made clear last week. Boeing is not putting capitalism best foot forward here undeniably so. Lets not throw the baby out with the bath water. And that stems from the everything i see happening here in San Francisco now we have a real windfall here this week jp morgan is hosting the Largest Health care con presence of the year and well explor
Road map begins with records, records and more records the dow within striking distance of 29k for the first time. Plus hiring did cool in december but unemployment is at a 50year low and job gains extended for a record ten straight years, so whats it going to mean for the growth in 2020 plus these damning documents newly revealed boeing messages reveal efforts to manipulate 737 max regulators todays december payrolls number means 2. 1 million jobs were added last year, a slowdown from about 2. 7 million in 2018, coming in at 2. 9 year on year threemonth average, jim, 184 now and we got some milder visions down to october and november one of the things thats missing that makes this difficult for me is boeing boeing is such a big part of the gdp and i dont know which part, manufacturing little changed in december, how much that is boeing because everything has to be asterisked i think thats how big boeing is for the economy. It doesnt reflect this. I mean, youve got the wrong areas gett
Matt no cheating. The Trump Administration removes its designation of china as a currency manipulator ahead of tomorrows expected signing of a phase one trade deal. Proceed with caution. Markshares howard tells bloomberg exclusively, investors should beware of the bull market. The market has been up for 11 years. We are in the longest bull market and expansion in history. Profits are not rising though stock markets are. It does not mean the market will go down tomorrow but it does mean that the odds are in my opinion in the investors favor. Matt fit and focused. Can the former maintain its dominance when it comes to fixed income currencies and commodities . We are just an hour were away from the start of cash equity trading. Let us take a look at future us. Daxave green arrows here on futures and ftse futures and cap futures. We are looking at gains of about. 2 per 0. 25 green arrows in the u. S. Futures picture although they are not quite a strong with the exception in general, they a