Cade it is like this big with pack man. You have a minigalago my best present was an hour off for a nap. We dont Exchange Gifts for the adults we dont either it is for the kids we do under 35 or under 25 exchange for the adults. I lost mine at davos a few years ago. My little fur hat. I got a new one of those with the flaps i remember yours was like really big like a russian style. Yes i lost it. He looks like a cool kid wearing it so cool brian williams, ill never forget, i was walking into 30 rock years ago wearing the hat he said, you know, they make those for men too. There you have it. Lets talk about the u. S. Equity futures this morning, if you think this is a quiet holiday week, you would be mistaken looking at big gains again dow futures indicated up by triple digits this morning after all three of the major averages set new records seems to be happening on a regular basis. Dow indicated up by 106 points s p futures up by over 10 points nasdaq up by 36 and the nasdaq closed ab
Sessions we have all the angles of this market selloff covered for you, though but first, joining us for the hour is aerials investments director of research, Charlie Bobrinskoy here at post 9. Thanks for being here. Thanks for having me. Pulloff pulloff, correction, selloff, pullback, was this over due . Well, no, things changed today. The momentum had been wonderful around trade and people say that people spend too much time worrying about trade. I actually dont think thats true free trade is very important and people say in 1776, the most important thing written was the declaration of independence. It wasnt, it was wealth of nations by adam smith the idea that trade helps us all is something that the markets believe in and when that gets called into question, you get an appropriate big reaction do you think that it is, especially based on the comments we got from President Trump today, do you think that the market is, especially with this pullback that we have seen today, do you thi
Entirely on incoming information that bears on the outlook of the economy. Regard air in this vonnie you are the david you are the expert on the white house. Square this for me. The president tweeting he had a good and cordial meeting with jay powell, everything was discussed including interest rates. How could it have been a good and cordial meeting if the president says he hates everything jay powell has to say. This in terms of the rhetorical approach chair powell has taken an President Trump. If it is a less than 24 hour window where we saw this illustration with president President Trump speaking at the Economic Club of new york that criticized powell and then the chairman testifying in a consistent tone, a apolitical tone before members of congress. What you are hearing based upon the dueling statements is the fed chair continues to strike that consistent fed chair town we have all come to expect from the central bank and President Trump continues to raise his concerns that he ha
Where might it be signed . How about london in early december, when President Trump attends a nato summit . Theres a lot of speculation that xi might be there. Well, that is magic to the market. Stocks are going up. Look at this. The dow industrials will be up well over 100 points, maybe 140 points. The s p 500 is going to be up about 10. Thats. 33 . The nasdaq will chime in with a 30point gain. That would be about. 33 or more. Here come more record highs. All right. Now, how is this for a headline . Turmoil at one of the most powerful companies in the world. Google. The board has opened an investigation and hired an outside law firm to look into Sexual Harassment and misconduct. Shareholders and some employees are not happy with the big severance packages given to executives who are being forced out. At the center of the probe, andy ruben, who ran the android division, and David Drummond, googles chief legal officer. This is not a story about the stock. Its a story about relationships
And inflation hopes are fading fast. Then President Trump steps up his attack on his potential election rival joe biden, calling on china to launch an investigation. Later, apple made a pricey gamble on the iphone 11 camera as more people get their hands on the device, we will ask if the gamble has paid off, but first, lets get you a quick check of how markets are trading at the moment. We are seeing u. S. Futures currently unchanged at the moment. It is still early in the session, but this, of course, coming after the s p 500 rose the most in a month. We are talking. 8 gain for the s p 500 as we had Week Services sector numbers, the weakest weve seen in about three years. That, of course, sort of raised odds the fed could be moving, and that led to investors pricing and more rate cuts. The dow gaining 122 points, and the nasdaq leading those gains with gains of more than 1 . We also had financials higher, but a little bit of underperformance that we saw against the broader markets as