Highest level in two years trade headlines have us on record high watch for the s p, a closer call for the dow and nasdaq and would be the 27th record close of the year for the s p. Joining us for the other, stephanie link, good to have you here this afternoon. What does it mean . The computers take each headline as if its fresh what a difference a year makes is all i have to say last year we had tight fed policy, no idea what would happen with trade. This year we have much more accommodating fed and seems were getting some pieces of certainty on trade may not be what we want but making progress. Now i would argue a lot of this is priced into the market given weve had Market Expansion on the multiple but, you do not fight the fed and at the same time the ism and pmis are stabilizing and the data this week has been pretty good on other data points on the economic front we might have risk to the upside in growth for 2020 and thats why the cyclicals are rallying ive been biassed, its been
Trade impact on the economy. Lets look whats driving the action britain and the eu coming to a brexit deal although Boris Johnson still needs to win a vote back at home. U. S. And turkey agreed to a ceasefire in syria and despite ibm the overall earnings picture remains strong with beat from netflix and Morgan Stanley leading the market hire. Were happy to have stephanie link here. I know youre pretty upbeat. So far so good. There have been good reports from csx, from honeywell, from United Airlines jpmorgan, Morgan Stanley. Those have been rewarded also other earnings that have just been good enough. United rentals we talk about positioning, people are not positioned in industrials or health care those two sectors are leading the market today is that why we are where we are. People have your view earnings are good enough . Some are good enough but some are good the best earnings picture was johnson johnson. We also had a lot of health care you entitle e United Health expectations if t
Started arresting protestors ahead of the Third Straight weekend of protests in Hong Kong Shanghai composite finishing the day in red european european equities here we are higher across the board german dax is up by almost 1 and almost 1 gains in france as well as for treasury yields, amazing to think that the ten year yield was at a three year low earlier this weekend 1. 443 were now at 1. 526 with the two year 1. 544 so the inversion remains exact. A new journal piece says that states attorney generals are taking issue with that proposed opioid deal with purdue. It will settle with a 2 billion settlement it will link much of that with future sales of oxycontin. Some states want the family itself to guarantee a larger cash payment up front. Others didnt like parts of the plan that calls for purdue to claim bankruptcy and emerge as a Public Benefit company theyll ask for an update today about where negotiations stand, he said he wants at least 35 states on board although a deal can mo
Nice one kelly, l0 florida, every step Covered Smerkonish Saturdays at 90 a critical day for former President Trump and his legal cases as a court in florida tackled the core issue over his handling of classified docs and meantime, in georgia, we are waiting on judge scott mcafee weighing a move with huge implications for the Election Interference Case in that state and democrats on the trail and hitting issues that are on the minds of voters. Vice president harris, becoming the first Vice President or prime president to visit an Abortion Provider while President Biden tackles a major problem for his reElection Campaign, his support for israel, even as palestinians plead for aid and an end to the blanchette and to step forward for space x, as it successfully launches its Starship Rocket before losing it altogether suggesting that it broke the part in space why engineers say that nevertheless, this was a huge success were following these major developing stories and many more all coming
View of government. We are funded by these Television Companies and more including charter communications. Charter is proud to be recognized as one of the best internet providers and we are just getting started. We will be 100,000 miles of new infrastructure to reach those who need it most. Charter Communications Support cspan as a blic service along with these other Television Providers giving you a front row seat to democracy. Of remembrance ceremony at the flight 93 memorial in shanksville, pennsylvania. This marks the 22nd anniversary of the september 11 attacks. I would like to welcome the memorials and ambassadors and sellers from the u. S. Somerset attending the ceremony as well. [applause] it is also my privilege to welcome the many families and friends, the passengers and crew members of flight 93. We are honored today by your presence and please know you have our sincere gratitude and appreciation for your ongoing efforts to be here this day and your tremendous efforts and su