Deadlocked on stimulus we know the economy needs more stimulus, certainly pockets of it do. Does the stock market, though . What is if it doesnt happen im not sure if the stock market is pricing it in, happening right now. I mean, theres no scoreboard that i can tell you definitively its being priced in, but i dont think its in there. So if you do get something, i think it will be good for sentiment and it will probably lead to new highs, but if you dont, independent nm not sure as wbig of a disappointment as i would have thought six months ago. A lot of works continues to work, ive been talking about the housing stocks all year. Lows in particular in that index, low looks prime for a mega breakout, about to take out previous resistance, put that one on your radar. And then theres leadership from energy today, which is kind of weird. We were looking at some of these names and exxon could double from where its trading right now and still be negative on the year thats how beaten up this
A conservative majority after the next general election will take us in the direction inquiry will begin in the us Congress Today following weeks of testimony behind closed doors. Of a very hard brexit. The basilica is flooded for the david is a good friend but i think on this issue hes sixth time in history. The first televised hearings got it precisely wrong. Of President Trumps impeachment inquire will happen in us congress venice has been hit by the highest today following weeks of testimony good afternoon. Tide in more than 50 years, welcome to bbc newsroom live. Behind closed doors. Flooding the streets. Im joanna gosling. The president is accused of improperly seeking help from ukraine to boost his chances of re election next year. The two main parties in the general Election Campaign are today focussing on what they regard as their key issues. Englands leading football clubs have been placed in a new league table, while labour looks to health designed to assess their the conser
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
That recession. We are going to talk about it with my guest coming up right now. Im cheryl casone, everybody, in for liz claman today. Were going to start with a fox market alert. The bulls are actually making a bit of a comeback in this final hour of trading. As you can see, the dow up 25. We had been on the fence just a few moments ago. Maybe charles turned it around. Im going to do the cc effect right now here because you do have the the dow at one point down is 88 188 points at session lows. Trying to make this two wins in a row. We shall see if that works out. If the dow can can close up more than 17. 7 points, and its above that right now, it will be back in positive territory for the year. Were closely going to watch this average. Now to the s p 500. As you can see, it is slightly higher, a fraction here, 1. 2 1. 48. Wed been down 38 points on the lower in todays session for the s p, so thats a comeback. And heres the final comeback, the nasdaq. As you can see, up 4 points. At 1
Disney and merck are your dow leaders. We could get a deal this week for disney to buy much of foxs movies and tv assets a good day for some energy names like chesapeake, newfield and haliburton u. S. Employers posted fewer job openings nearly six million jobs were available and total hires rose 4. 4 prz. Brook Field Properties 14. 8 billion offer. Brookfield is considering a new offer. Ge announcing its Power Division will reduce count by 12,000 we begin this hour with bitcoin moving higher today after this weekends roll out of futures trading. Bob joining us with more important thing is its finally trading. Take a look at where the coin is right now. 17,000 area. The important thing weve got it out. This is the futures contract were talking about. Opening 15,000 its trading at a premium to the underlying cash. Not a lot of people are allowing it lets review what a futures contract is. What do we do when we get a futures contract its an agreement to buy or sell a commodity or financia