We are down 0. 3 on the s p. Back down to 1. 90 on the 10 year. We got up past 1. 95 a little earlier. Disney one of the Better Stories today after earnings, up 4 . Gap up on the ceo leaving gap down on the ceo leaving more than 7 . Guy the president has just been indicating that he hasnt agreed to tariff rollbacks with china. This was always the risk with this rally. Absolutely it was built on a single man risk. If the president didnt agree, you were going to get this kind of reaction. The market is down by 0. 4 . In some ways, this reaction is relatively muted considering this is a key demand from china, that we do see some degree of tariff rollback. The fact that we are only down 0. 3 on what is a relatively big piece of news i think is worth paying attention to. The market may be signaling it Still Believes that a deal can get done, but we have rolled over this news. The president saying he hasnt agreed to tariff rollbacks with china. In terms of the way we are seeing that rippling
Lots to talk about this morning, once again we follow the bouncing ball of the china story and overnight we are learning that both sides said they would be willing to roll back tariffs, interesting. Devil is in the details, this can be very good, imagine how much markets might soar if you, in fact, do get this first round deal with china, very good news for investors. Maria we have a rally underway right now, futures indicating doubledigit gain, on top of all 3 major averages closing in record territory yesterday over optimism in deal with china, u. S. And china, s p was up 11 and nasdaq up 46, washington and beijing considering rolling back tariffs of completing phase 1 of much larger agreement, President Trump spoke about that in rally last night, listen to this. China is doing poorly as you know, but they are paying billions and billions of dollars and theyve never given us 10 cents before, billions of dollars, they gave a lot of the money to our farmers who got targeted but no long
Congressman kevin brady will be with us at 8 00. For on hour on set. We have united ceo who will join us at 8 30 a. M. Before all of that, we have two hours. We have a big show today. A lot of special guests. Ron baron. I think this is the 11th year squawk box has joined you live you bring together the investors and ceos and talk to top managers, you also entertain them big guest youvecli included inh past have included rod stewart, and more the star front and center has to be the companies you are vested in lets take about your theme. Why whats next . We are looking at faster growth in the future for the economy, stock market, what do you mean people have higher amounts of cash now Central Banks cant agree on what to do there the fear is estimate those funds for years now a superstar investor cant raise enough to have a business that is viable theyve done well 11 years now they dont want to give it back the stock market today is the same valuation as it was then. Then, it was a mixed
Something i know its something we didnt see as an ideal tool in our institutional context. And i think, you know, different Central Banks around the world did Different Things and we can observe how those things work, but i dont think we regard that as a firstorder tool or something we would be likely to use. There are other things that we need to look at. And i would say yield curve control, sort of shortterm yield curve control is something thats worth looking at. Not at all something that we havent looked at it, but it will be something that we look at when the time comes and the last thing ill say is, you know, i think our tool kit, well use it aggressively to the extent we need to. Yeah. To achieve our mandate. So one of the questions i got from someone today, who knew i was going to be asking you questions, was, is there an unintended consequence of in a reasonable growth, low employment near the target rate inflation rate, is there an unintended consequence of easing into that e
Markets the dow and s p back within 1 of record highs. The nasdaq is higher today as well and 2 from alltime record highs. Check out microsoft. That stock jumping to a fresh record high after announcing a 40 billion buy back, thats helping the do you today well have more on that later. Lots of big names making big news leslie picker has all the market moving news and there is a lot of it. Leslie its a busy and eventful day. So i think were going to kick it back over to bill and im going to head to the desk and well continue our discussion. What a good idea. Thank you, morgan. Come over. Were wondering how worried investors should be at the alpha conference believe that our economy is being propped up by a strong consumer right now, should investors start worrying our push to record levels is going to stall out bring in Brian Jacobson with Wells Fargo Asset Management and christian amami is with investments. Thanks for having me. A lot of the investors, the feeling is that this is as go