Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
Want to cozy up with for the long winter. But a major milestone for the dow, closing above 28,000 for the first time new records for the s p and nasdaq united technologist, alphabet, microsoft all hitting record levels is the market headed higher and higher thats a miserable song, isnt it. You know there was a time and place for it but its not this is not the time and place to talk about it. Nor the place. Kudos on the devg but me that thought the market is grinding higher so many headwinds and things to be concerned about and we rattle them off the market doesnt care. The vix closes at 12, in my estimation way low in the environment but the s p grinds higher on a day where the only real news is the president part of his administration talks about getting closer to a trail trade deal with china i thought we had phase one signed a couple weeks ago. Earnings god but i do think this market is not nearly looking at all the negatives closely enough and at a certain point they matter. I dont
Ten year 182 road map begins with the record one for stocks dow set to try to climb above 28 k at the open. S p in the midst of the biggest longest rally in two years executive shakeup at tmobile as ive been reporting for months now, john ledger is set to step down as ceo. Next year. The shares are moving lower ahead of the open. Fedex versus the New York Times. Fred smith challenging the papers publisher to a debate after its expose alleging the ship giant paid no taxes in 2018. Next hour, an interview you wont want to miss snap Ceo Evan Spiegel joins us exclusively. Lets start with jim and his big week in san francisco. Jim, the guys on squawk just asking you how you got out there so quickly after the eagles game last night. Well, philadelphia too has red eyes and my eyes are red from crying because the we had a chance to be able to really seal our fate and we sold it already in the wrong way. You want to come out here during dream force. Everybody who is anybody does come out and i
Says military cloud contract win. And Restoration Hardware surging at the open, Buffetts Berkshire hathaway revealing a new stake in the furniture retailer stocks are looking to make more history a day after the s p posted its 21st record close of the year futures up on comments from larry kudlow about progress of trade talks in china, upbeat news about the consumer adding to positive sentiment. Retail sale s rebounded in october. 3 but strip out gas, it is a miss. Strip out autos and gas, it is a miss as the threemonth average continues to slow. Jim . Look, i there is just the mixed picture keeps making it so it is bullish. It is amazing. If it were too strong, we would have to say that jay powell has they still play by jay powell there is just enough tease with trade talk i have my view on what is happening now and it is not as sanguine as what people are saying this is about farm, about ag, and it is about this is my understanding, not necessarily about soy. A lot of pork involved b
Carl quintanilla with Morgan Brennan and jon fortt. Interesting monday morning getting news a few moments ago that the president met with jay powell earlier today, tweeted about that got a statement from the fed as well as the market tends to struggle a bit this morning for some direction joining us, michael puree vis, and pete stall good morning, guys good to see you both good morning. News from the fed first and then the white house is interesting. What could they have to talk about . Seems like the macro i think it is interesting you listen to any Earnings Call in the last six months, how many of them are belly aching about cost of capital not hot enough, not low enough there was some belly aching about trade. And Dollar Strength, sure, but the Dollar Strength has been persistent but hasnt been dramatic not a reply of the 2015 and 2016 which threw earnings off it has been a gradual steady rise that allowed ceos to manage more effectively, at least to manage the street better on that