Our road map begins with 5 ge, its a big rebound next year shares are rallying. A pushback when a study finds elizabeth warrens palestinian would be nearly 30 less than projected. That tariff deadline is looming as the president prepares to meet with top trade advisers today lets begin with apple shares are down more than a percent on the heels that credit swiss saying iphones did drop 35 in coin. Analysts warning of the ongoing tariff threats they do couch it, jim, saying there is some seasonality. The timing of the calendar slightly up. The second double g digit in a row. They do, an important photo they talk about tariff costs will cost 67 more in the United States for an apple phone. This is definitely a negative. I always say own it, dont trade it i need to know more. I know a lot of these different surveysent whats really going on in china is inaccurate. The narrative implies the Chinese Government doesnt want you to buy apple when i read this, thats certainly how i feel they go
Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
Not ready for a deal. President donald trump says the United States and china are talking on trade, but not at a stage to finalize an agreement, and talking up the economy. The u. S. Administration has pushed back against fears of a recession. Withresident held a call the ceos of jp morgan, city, and bank of america. Plus, the german finance minister says the country could spend millions of dollars in sustained downturn. Less than half hour away from the start of stock trading. A threeday chart here. The yield continues to rise a little bit as market concerns are assuaged by Donald Trumps statement he is talking with china, that the u. S. And china are talking. That is enough to help global rally, although we mentioned, the chinese rate revamping may be affecting chinese stocks. You are seeing big gains across asia. Big gains well, i dont know about big gains. Gains in futures. They are decent sized. 0. 3 percent. P cac futures 0. 5 . Ftse futures a little more. Lets get to mark cranfi
Im charles payne. This is making money. Breaking right now wall street is coming around to a. I. , playing catchup as a matter of fact. There were flury of up grades this morning but great youre playing catchup. Youre ahead of the game. The bears have made a trench. Beware, this market is going to fall apart. Microstrategy is on fire. Theyre calling Michael Saylor, the moderndaybunk bunker hunt. That is not a good thing to be called. He was ridiculed and laughed at. Talk about a special guest how expensive taco bell is. Scott martin is back. Looks like he is having the last laugh. My takeaway on the again, once again, where the market and the street are all off base particularly when it comes to main street. We have a lot of evidence on that today. All that and so much more on making money. Charles all right, well i guess you could say better late than never but all of sudden wall street cant get enough of a. I. , right, including nvidia at the top here. Bank of america now, they have
Be nauseated by the companies that have already reported with the sole exception of tech, which is once between getting a pass. We could have more days like today where the dow lost 174 points, s p tumbled. 62 , nasdaq shed. 63 . It was much uglier at one point during the day. What makes me so sure earnings season could actually be so difficult . I think its because were rooting for lower inflation and less wage growth. But so far we just arent getting that scenario. Oh, yeah, we had a onetwo punch today of a hotter than expected Consumer Price index coupled with a Government Bond auction of 30year treasuries that fell flat. Causing the bond market to get crushed while the yields soared. What the heck is the government even doing offering a 30year treasury right now . They know nothing its the birkenstock of bonds. To reference an ipo that smelled like dirty feet. Pricing 46 bucks just before falling to 37 and change after the first two days of trading. Another day like today and it wi