And joe santoli. Joe and andrew are off today with the storm and everything going on, thank you for being here it was one nasty storm. It did a number when you think about businesses dealing with a lack of power, it is like the plague coming down well start this morning with the markets. Nasdaq with the fifth straight positive day up 22 for the year to date. Pretty good day for the dow and s p. S p indicated up close to 20 points the dow up close to 200 points and the nasdaq up as well. The treasury story has been incredible yesterday, the 10year note at a record low this morning, the yield is at. 526 it seems the context is the same, which is the dollar weaker you see that downward pressure foreign treasuries can buy our equity yield we have bond yields below inflation. That means huge tech stocks that means gold and bonds b. What are the implications for this market and the companion market corporate wise, you have earnings better than give uptype forecast analysts could have a good
Sectors in the region and everything is up with everything, gold and energy on the back of the pullback, not just oil but gold prices. Up 1 across the region. Tech up 2 . I hope you went long this morning. It sets us up quite nicely. Ended. Over and the nifty futures are up to we regained a 12,000 level. We have set the basis pointed out earlier from him by which we will get back to when we get this market up and running. You are seeing strength in the currency. We will get you the open in the rupee. All things equal, very good session for risk affects this thursday. Su keenan is up. Su we start with the latest Economic Data out of china, consumer inflation studied in inember steadied december. The price index rose 4. 5 last month, smaller following a similar gain from november. The Producer Price stabilized. Novembers than decline. Survey shows Global Growth will pick up modestly between this year and next. This despite the easing of trade tensions. Will be marginal acceleration, give
Is there a misprice in the market half ha the Halftime Report begins right now. Welcome, our Investment Team at the table today kourtney gibsons back, the president of loop capital markets. Also with us, the head of u. S. Equity strategies as jpmorgan. We begin where we usually do, the markets. Stocks looking to build on their gains in june. So much riding on whether the fed will cut Interest Rates or in the very least attempt to signal in their next meeting next week. Steve weiss, 2 from highs on the s p. Can we get there without a rate cut or signal that one is coming absolutely we can get there the market is trending up. The down days werent really down they were sort of nonevents. Up days had been much more significant. The market just wants to go higher, thats the bottom line look, it all comes down to trade. Thats the only thing that will matter as long as you get any breath about the market being positive, as the president last night, hey, i have no deadline for tariffs, the mar
Sonali coming up, countdown to the fed. Days away from the next u. S. Century Bank Decision and in the walk up, short and yields on the rise. A flurry of issuance underwriters looking to get ahead of the big Rate Decision but we begin with all the big issues all eyes on the september meeting. The outcome of the september meeting. I think the fed will do what we expect it to do. Pause and indicate they are data dependent. The fed has to rethink their done hiking. Thats they have to maintain the policy stance. Think they will be inclined to deliver a hawkish pause. The trend of inflation is moving slower. Core inflation moving in the way they want. Most Central Banks probably done hiking. I think the fed is going to be responsive to the labor backdrop. I think we may be at the end of rate hikes. Sonali joining us now are Jerome Schneider and maureen oconnor. Someone who manages along the curve, i want to ask you about the rates this week because we have had a 13 basis point move from the
0. 75 . No real shockers. Will they or wont they raise rates come september . Some of the language seemed to be upgraded. Some games before raising rates. What will that word mean . Youve got breaking news of u. S. Gdp later today, spain, austria, sweden, all giving us their gdp. Spain rising 1 as expected. Lets have a look at how the euro is faring. We saw the dollar rally on the back of that positive language on the job market, saying the improvement is solid. The Federal Reserve said yesterday, euro lower. Look at the dollar, up 0. 4 at the moment. We are currently seeing u. S. Dollar on a tear. Dollar is going to its biggest monthly gain since march. Lets also check in on oil. We are seeing a bit of a bounce up 0. 3 . Supplies cut in the United States. That seems to be pushing up oil. No relenting to the pain for the oil majors. I could have told you about so many earnings. I could have told you about the biggest Engineering Company in europe, siemens. Thats a beat. Ab inbev, thats