President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the
Sachs. Weve got tech giants, and microsoft, plus dough laggard united health. Do you trade or fade these names going into the Earnings Report we thought wed kick off monday strong with a game of trade it or fade it. Monday, right out of the bat. Right out of the gate netflix, guy adami, trade it or fade it . Trade it, see that, you thought i was going to quiver. I think weve been steadfast on this my concern prior to the last couple of days, heres a stock thats gone from 250 to 380 in a straight line. The selloff the last couple of days has me somewhat encouraged. People are taking profits into the quarter. I think its wrong i think their International Net adds will continue to dominate and impress people all the competition talk two or three years away, the Stranger Things which ive never seen, apparently everybody is watching now. I think the franchise is strong. Yes, they have a debt problem. They have a huge mote. I think you buy netflix. You know what, im actually right with you h
Speak. Numbers will move around this morning. Dow would open 150 points off. Nasdaq down 60 s p would open off 18 points treasury yields. 10year treasury at 4. 223. It moved up. 2year treasury at 4. 96. As joe mentioned, in the last half hour, fitch warning it may downgrade dozens of banks. The Agency Cutting assessment of the Industry Health in june. Fitch rating stating if the industry is downgraded again, that translates to negative reaction fitch wants to significaal that downgrades not a foregone conclusion he will join us in the next hour to breakdown what with is happening here. Im looking for a trade, courtney i dont see it yet home depot is saying things are crappy in line with the crappiness they talked about you saw it yes fiscal earnings down Single Digits you want to go through the numbers . I dont know if the stock is impacted by the comments exactly we knew they had been looking for the year of moderation fiscal year earnings down it could. Home depot is reporting earnin
What do we have to reassess. Jenny was talking about how she was wrong with respect to what the rate was and people are as reassessing what it means. Jonathan let us talk about what happened to the house. The tiktok built breezes through the house and then senators line up to say slow down and we take our time in the senate. This could drag on and on. It can. And you look at the hawks like Lindsey Graham, he was on fox and said it was a good question about how he was gonna vote and he said eileen yes that his concern and he is coming in line where the former president is and that is potentially why he feels that way he is concerned if tiktok is not there where did those individuals go and it is the facebook player, the potential google, x, twitter. And the bottom line is and i am astonished to see yesterday the bipartisan support for passing but also the nos. Marjorie Taylor Greene lighting up with alexandria ocasiocortez, it is not every day. Lisa im curious about this push because of
intercepted. residential buildings in the cities were struck for the first time since putin invaded more than a year ago now. russia says kiev is behind the attack. listen. it is totally clear that we re talking about a response of the kiev regime to our very effective strikes on one of the decision-making centers. such a strike took place on sunday. gillian: ukraine is denying direct involvement. it came after another russian air assault on kiev overnight. one civilian killed after putin s forces bombarded the ukraine capital three times in the last 24 hours. mike waltz is here to weigh in in a moment. first we go to senior foreign affairs correspondent greg palkot in london. the war between russia and ukraine just got a lot more tense. never before in this 15-month conflict have civilian areas around moscow been targeted. at least eight drones were fired. most shot down. there were injuries and building damages and including where russian president putin has a home. h