10 , but lets be honest the markets are still down big time this year so cold comfort for investors who may have gotten in toward the end of last year well dissect all of that. One big theme today is the Federal Reserve effectively riding to the rescue of the bond market and even the etf bond market look at the hyg, something we have been highlighting and were going on more than a month now up 7 as well as the fed as it says there goes all in and we are all in with a great lineup for you again. We have guy, tim, weve got karen and weve got steve grasso it is going to be a beg hour we have Paul Macaulay with rare mineral supply chains and i want to get to steve grasso because the Federal Reserve, and i know it is very difficult for the audience out there who is not doing this every day to keep track of the alphabet soup of acronyms the Federal Reserve came in today with another 2 trillion program. Did they effectively bail out a big part of the etf market yeah. I think they did so the f
He wants to work out a trade pact with the United States and has been trying to avoid a trade war but he also warned china is not afraid to retaliate when necessary. Eunice yoon joins us putting in his comments du jour. There is always something for those who think it is going to happen and then a qualifier. What do you think . That is right it is interesting that president xi jinping weighed in. This is the first time weve heard those remarks. Unfortunately, the content were not anything different from the standard government line about the trade discussions. He was speaking with a group of International Visitors including henry kissinger. His point was that china does want to have a phase one trade deal however there does need to be an understanding that u. S. And china are seen as equals and it has to be done with mutual respect. Thats what we had heard repeatedly what was also interesting was how he hinted at some of the tensions saying when it comes to the financial opening, china
We talk about tapestry in just a bit, welcome to the closing bell everybody im kelly evans and, well weve given you the hint to the story that well talk tapestry later this hour. Im bill griffith, spoiler alert, the ceo of box is looking to become a leader in Artificial Intelligence with its latest Product Announcement aaron levy will be back with this exclusive interview from box works to discuss the latest move, coming up. Also we have underarmor shares under pressure today after a new report says teens are more or less over the brand. Companies down about 1. 5 on the session. Well tell you what teens are buying these days. Man, that was a great album the hit after hit after hit. We have breaking news from last hour, President Trump wrapping up his meeting with canadian Prime Minister trudeau. Eamon has the latest on that reporter yeah, hi fwil, youre right, that meeting wrapped up Justin Trudeau is getting ready to roll out of the white house you might see him roll right behind us h
And now, with the production schedule, ceo elon musk is responding to the naysayers and saying on the conference call, what i find ironic for the naysayers they transition from saying it is impossible to saying it is obvious. I say, wait a second is it obvious or impossible, because it cant be both. Who is right, chanos or musk, pete . Well, in the short term or the longer teerm term, it is chanos, and the reason i is a they is because they have had nothing but production issues for quite some time now, and the delays and the issues and now talking about ramping up, and going from 50,000 to 90,000, and supposedly getting 80,000 to 90,000 this year, and if they can get that number, it is impressi impressive. Phil lebeau has been talking about i, and it is ing a graggro get to that level, and the 500,000 level in two years from now, and it is amazing, scott. We know great drives, and people are going after the model 3, and everybody put the 1,000 down, and maybe over 400,000 now, but the
We should recap what has been a great 24 hours in the equity market world. Guy we had a decent day throughout the u. S. Yesterday. Which slightly raised the expectation of whether or not the fed is going to hike rates. We think it is going to come more likely after that number. Anna at least the chances have gone up a bit. On monday,was 28 now we are at 32 . Guy things are moving pretty fast around here. Obviously a long way to go between now and then. Two days of debate started today, what will the results the . A great deal of coverage of the next few days. Quitearkets finished strongly, a decent update. We will talk about hewlettpackard more on cutting jobs. Does,and anything the fed if that moves the dollar, that could have an impact on the large multinational businesses like the number one clothing retailer. So the numbers about the eurostes, 1. 9 7 billion wayty much in line with the they benefit from a stronger dollar. Clothes fromlot of asia, not getting a benefit from a strong