The Group Reiterates it fouryear guide answer despite higher cost from the continued grounding of the boeing 373 max. And hong kong has another day of protests at the airport carrie lamm warns the city is on a path of no return. Good morning its been a risk heavy 24 hours for equity markets you can see behind me in europe theres a lot of red on the screen but let me take you back to the price action in wall street yesterday the majors closed near the lose of the day. Dow, s. A. P. , nasdaq closing below. Respectively down 1. 5 , 1. 2 you can see the redness in negativity is picking up and that continued into the Asian Session overnight. There are a couple things that the market is dealing with here. Number one, growth concerns. At no end in site to the trade narrative between china and the u. S. But yesterday we had an additional element to think about. That was the temporary shutdown of hong kong airport that sent shockwaves throughout the region and into the european session as well
A slew of upgrades on facebook is it a big thumbs up for the stock from here . The Halftime Report starts right now. Its great to have you with us on this thursday. Our Investment Committee today, joe terranova, steve weiss and john and Pete Najarian and Portfolio Manager ann brown. Alphabet, amazon and intel all set to report earnings after the close. It could be a big day for the markets tomorrow, depending on what these three say pete, your feelings on amazon. I think it will be very interesting because of the fact that everybody weve watched this thing move all around it, and now all of a sudden youve got sort of the government kind of coming at them in some ways as well. I think its going to be very interesting how they put this out there. I still think you look at aws. That really is what amazon is, and because of that, they are a cloud company, the biggest there is and how well are they doing there, and if they do as well as i expected they would after you look at microsoft and
Points higher right now. The s p 500 looking to open little over four points higher lets show you what happened over night in asia as well maybe were pushing a little bit i was going to say, i thought it would be the opposite situation but the hang sang off little over 1 almost 1. 5 . Shanghai composite down. European equities as well right now. We see whats going on there there you have green arrows across the board finally the number that Alan Greenspan says he likes to look at, treasury yields. Show you where things stand. Thats a sad i look at all those things its a sad commentary on our life. I dont know if its sad. Sad that its the first thing i do oh, to see before coffee, before brushing my teeth, before anything. Yeah. Shaving shaving any way, developing story this morning, over the british ship that was seized by Iranian Revolutionary guards last week, iran releasing new video over the weekend shows commandos repelling on to the deck tanker from helicopters uk leaders spent t
Forward with this, wed certainly be looking at that as a characteristic to achieve. Thank you and i think it goes back to resiliency for me. And i know and i think its the concern about resiliency that i had, and we had our discussions here in committee is that if there are concerns about resiliency and its just based on my experience in the private sector when it comes to big data, couldnt you probably address those concerns through the regulatory and Supervisory Authority that already exists in your space were talking about resiliency with the multiple data centers that could be a problem with interoperability do you think resiliency could be something thats a function of what youre doing now and keeping with one faster time Payment System i think im done the gentle woman ms. Pressley is now recognized for five minutes. Thank you, madam chairman and chairman powell. The Federal Reserve can do more to support the needs of hardworking american families. Working families wait days at a
The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. He has said the fed, quote, doesnt have a clue, quote, unquote, called it the most difficult problem for the u. S. According to media reports, he discussed firing chairman powell because of policy he doesnt agree with. Lets be clear, it is essential that the Federal Reserve maintain its independence from the executive branch. So i urge chairman powell and other Federal Res