Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
And the impeachment debate moves forward. A ceremonial process after a vote that was mainly split along party lines. Live we are looking at a shot on capitol hill in washington. House Speaker Nancy Pelosi named the managers of the impeachment case against President Trump. This kicking off a ceremonial process that transfers the impeachment case to the senate. Today, the house voted to transmit charges to the senate. That vote was mostly along party lines. Very similar to the december 18 vote to send articles for abuse of power and obstruction of congress. We will bring you those events as you happen. First lets get a quick check on the market close in the u. S. Stocks again at record highs. We have the u. S. And China Signing the phase one trade deal and markets getting a boost after white house Economic Advisor larry kudlow promoted tax cuts. They set a record for the sixth consecutive trading session. Had disappointing results from Goldman Sachs and bank of america after mostly posit
The dow gained 91 points the s p only climbed 1. 9 . Nasdaq barely at all 0. 8 where do i even start . This morning kicked off with an interview we did with the chief Economic Advisor and my former cohost here on cnbc, he explained that the agreement side with china is a lot more farreaching than most people realize. It actually forces china to change the way it runs its economy to create a more level playing field. He said our relationship with china is quite cordial because the Chinese Government recognizes that the United States doesnt want to disengage with them. While this deal was being negotiated, the big fault line was repeating those who dont believe china can ever be redeemed so why not just keep hitting them with tariffs forever so wreck their economy and those that think that china can be a good trading partner if theyre willing to play by the rules. Call it the engage camp versus the disengage camp and the engage camp just won from the stock market perspective, that is fab
A whole if you maintain the 100 percent of the the area in the commodity and the resource that is amazon is worth way way way way way more many times more than it chopped up and sold off for parts thats not often the case but in this case this is the case i believe and theyre just destroying it for no reason at all but lets move on to the general economy and just a little point by the way the next 2 out if its coming out of kaiser report will be some specials into the new year were going to talk to Gerald Celente were going to double header with Michael Hudson were going to be saying here in the Southern Hemisphere where it took us over 45 years max to figure out that it is actually warm in the Southern Hemisphere well as cold of noras you have summer air thats great so its just summer all year around i love that. So heres a tweet not one in the 100 people know this and it seems unbelievable but it is correct since the start point was the peak of the dotcom bubble as it turns out print
Chopped up and sold off for parts thats not often the case but in this case this is the case i believe and theyre just destroying it for no reason at all but lets move on to the general economy and just a little point by the way the next coming up of kaiser report will be some specials into the new year were going to talk to Gerald Celente were going to double header with Michael Hudson were going to be saying here in the Southern Hemisphere where it took us over 45 years max to figure out that is actually warm in the Southern Hemisphere well its cold up north yeah its summer here thats great so its just summer all year around i love it. So heres a tweet not one in 100 people know this and it seems unbelievable but it is correct since the start point was the peak of the dot com bubble as it turns out printing money is better for gold than stocks who new source bill byner so gold is beating the s. And p. 500 so far for this century this is going back to 2000. And gold is out surely actu