Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim
Plus his new shocking comments about cuba. Mondays february 24th fbn a. M. Start right now. All right were with off welcome to fbn am good morning to you at home im Lauren Simonetti had. Busy monday good morning everyone im cheryl casone. Lets get right to it here money this morning with humbling more than 2. 4 across the board as dow tanking 712 point 2. 4 and s p 500 down, and nasdaq is down 3 this morning down 279. Were seeing big moves in oil right now, theres a lot of pressure on crude this morning this is over concerns about a global chick slowdown think about Oil Consumption in china in particular right now were seeing oil down more than three and a half percent opposite story for gold, though, seeing that that is right to safety and looking for a safe place to go up two and a quarter percent. Seeing that with a tenure treasury yield as well tumbled to lowest level since july 2016, very, very close it all time hoes as concerns about Global Economic impact of the virus driving in
The backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optimism lately with the resolutio
Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim
Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim