Good thursday morning, happ new year jon fortt with Morgan Brennan and mike santoli live at the new york stock exchange. Carl has the morning off it is the first trading day of the month and the year stocks are rallying to kickoff 2020 fresh record highs for all major indexes. Bob pisani is with us to breakdown what could push the markets higher. What a different january 2nd makes. Remember this time last year, a year, what a difference. January 1st, last year, look whats going on, the market was pricing in earnings recession. Remember that phrase stocks were cheap. Fast forward a year. The opposite is happening. The recession didnt happen, earnings recession didnt happen, the economy is strong, stocks have gotten on the expensive side so the issue is whether we can finally return to Earnings Growth after an essentially flat year in 2019 most strategists are expecting mid Single Digits Earnings Growth which would take pressure off the higher multiple the market has now early reports fr
Support for limited gunshots in the wake of the Florida School massacre. Ramy good morning to you and to all watching around the world. Markets, close because of the president s day holiday. Not much moving except the dixie. It has been moving slightly to the upside. Lot of investors have been expecting this to fall farther down. The last time it hit that mark was three years ago. To ask be looking ahead some forex analysts what they expect in terms of that trend looking ahead. The interester rate differentials matter when it comes to the dollar. Really thin volumes. Liquidity in shortage given u. S. Markets are closed. We are seeing some markets come back after the Chinese New Year holiday. Hong kong still and holiday mode. We are seeing new zealand stocks flat, currency as well. Big earnings day for australia. We are looking ahead to the hp earnings. Bhp. To the earnings season not too shabby so far. The aussie he much trading water ahead of rba minutes this morning. The aussie 10 ye
Finish the month on the european stoxx 600 by 1. 7 , the strongest monthly performance since september october, excuse me. The stock that has brought the for european benchmarks, one notable one, the , a negative in january primarily because of sterling strengthening performance against the dollar, rising 4 . Down on the benchmarks. Today. Currencies rising against the dollar, the major peers of the dollar has risen over the month. Bond deals, commodities, and the in full season is swing. Growth in Factory Automation and other areas upsetting a continuing slump in its power the chief executive of siemens try to navigate changes at the Global Energy market and orders for large gas turbines, its flagship product to drop significant. Thecompany surged 14 in Third Quarter with positive results from rail, wind turbine, and digital factory units were surprising, according to an analyst. H m, look a look at at the drop, big today, down 10 . The level of the share price is the lowest in 10 yea
Chair. Fed the janet yellen era has come to an end. Just a few more weeks and janet yellen is out of there. Are piling in, they stocks, thatn with ripped in the u. S. Permeated the emerging markets, some are trying to figure out who was meeting who but i want show you one indicator here, this chart that gives you a sense that the and may be coming soon. 2717 measures the breath of the stocks. About 80 of the s p 500 stocks are now trading above their 50 day moving average, that is usually a sign that bull run may be ending. You can see that this has happened a few times during this bull run. We have not seen any and to u. S. Stocks. You just ignore the technicals, we have seen these red alarms before and we see rallies continuing on forward. People say 2018 is that risk where we see these trade tensions escalate and we did see that from the president today. Lets check the u. S. Markets and how they close in reaction to others headlines, you had the snp of about 2 10 of 1 , the dow trad
Comes to an understanding. In china, we see focusing more on the industrial internet, without going to the industrial applications and Factory Automation the control on machines. And first World Problems for wear are Warren Buffett, the billionaire investors has 116 million to fund but cant find anything to buy. Hear from him at 12 00 on cnbc today. Good morning, everyone and happy monday lets check in out markets are faring on this very first trading day of the week. And it looks though in line with the index in europe, the stocxx 600 is happening up 0. 6 or so you can see that, distributions roughly 8 in the green, versus 20 or so in the red in underperforming. So, it looks as though the week is starting off well in line with the end of last week. And its less on the Economic Funds and more going to be focused on some of the political events that will be taking place. Specifically, expecting to get a little bit more detail later on, when it comes to the Customs Union and made as well