The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
His response and what that did for markets. You are going to do a data check in the appropriate crowd noise behind the data, but what is important to me is youve still got a bid to the market even within the quiet. Jonathan spare us the crowd noise when i do the market check. Peter navarro saying that the trade agreement was over. The president , his boss, correcting him pretty quickly. Ae socalled fiscal cliff, different kind of fiscal cliff going into july. What will happen with the fiscal stimulus we got months ago, and what will this administration do in the next 30 days . Lisa President Trump coming out in a Washington Post article, saying he perhaps does support the 1200 additional stimulus check to be sent out. The white house has yet to take an additional position take an official position. In election season, President Trump heading down to arizona in his latest bid to try to rejuvenate his campaign. They are going to be talking about the border wall. He is departing the white
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the headlines are going to get in the way of a market thats been on this autopilot higher the guys like david tepper
Less bright than they might appear in the German Economy thats according to a survey of chief Financial Officers conducted by Management Consultancy to lloyds it found a shop drop in both investments and recruitment which levels the lowest in 7 years the Auto Industry engineering and chemical sectors of the most pessimistic especially in investments the Banking Sector trails in recruit but the survey showed c f os were most concerned about a full kastrup in domestic consumption in the coming year just digitisation came out as the one area they are still happy to invest in. Lets go to Chelsea Delaney of financial correspondent in frankfurt chelsea just how bad is the situation because i mean germanys just narrowly missed a recession it is basically stagnating wouldnt investments from both the public and private sectors be exactly what the doctor ordered. Well thats what economist investors have really been begging for over the past couple of months investment is really the really the be
Important problems can become a long term business model. And imagine a 19 hour flight crammed in economy falters completes a double sunrise test flight from london to sydney. And mentors will and thats the business things are less bright than they might appear in the German Economy thats according to a survey of chief Financial Officers conducted by Management Consultancy to lloyds it found a shop drop in both investments and recruitment with levels the lowest in 7 years the Auto Industry engineering and chemical sectors of the most pessimistic especially in Investment Banking sector trails in recruitment the survey showed see a photos will most concerned about a full cost drop in domestic consumption in the coming year digitisation came out as the 1. 00 area theyre still happy to invest in. Lets go to Chelsea Delaney of financial correspondent in frankfurt chelsea just how bad is the situation because i mean germanys just narrowly missed a recession it is basically stagnating wouldnt