President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the
The worlds biggest Investment Banks, what Goldman Sachs has in stores for some of its top partners it is thursday, august 5th and Worldwide Exchange begins right now. Lets go lets go all right, good morning, good afternoon, good evening, welcome. Im Brian Sullivan thank you for joining us on Worldwide Exchange. Here is the stock of the day the ticker may say work. But something isnt working at least for investors right now. Online messaging firm slack shares, theyre down 12 right now in the after hours market. First Quarterly Report as a Public Company disappoints well dig more into these numbers in a moment. First, to the overall markets, where stock futures are going the opposite way, rising, dow futures up a nice 238 now. This is a report says the u. S. And china are set to resume face to face high level trade negotiations next month with preliminary talks happening as soon as next week. As stock futures go up, bonds go down, a little bit benchmark ten year note yield 1. 51 . We are
Good evening everyone, firefighters were feeling the heat along with students who say their classrooms are sweltering. We have Team Coverage of todays scorching temperatures. We will have the latest on the situation in san jose, first we go to look at just how hot it was today. Records today for the second day, zen has a broken record again, they were 99 degrees today, sfo 94, that was a record, cant build a record at 100, redwood city, right on the water, 100 degrees, warmer temperatures again tomorrow, but not quite as hot as it has been. Its been really an amazing couple days with records two days in a row. Heres more of the highs today, check out the 106 in livermore, 106 in morganfafield, there is advisory for the general bay area, for the inland valleys. The excessive heat warning covers basically sacramento, fairfield, vacaville, so many of our viewers up by vallejo, just outside of napa, you will be in an excessive heat warning. It is a spirit air day tomorrow as well, weve got
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market had an incredibly large move. One of the largest weve seen in a while and it really hasnt come back off that much. So while stocks have rallied back, you would have expected maybe rates would have sold off a little more, risen a little more and they havent. So this is maybe telling you more that people are getting comfortable with a fed view that is cuts are coming and probably more cuts are coming than people had been nervous about with the meeting. You know the important thing in that answer, da
Well talk about that when power lunch begins right now welcome to power lunch. Im melissa lee. A wild day for the market. The dow now up, look at that, almost 400 points. 1. 5 wiping out yesterdays losses on track for its best day since may. The nasdaq is now up just about 2 as tech leads the charge higher. And check out shares of apple. Having the biggest impact on the dow, it is up about 4 its best day also since may. Kelly. Thanks. We begin with a phone call that turned the markets around. Kaley tausche has all the details of what took place the details we have about the call are coming from china actually commerce minister and hard liner jong chun, and leo ho were among principals from beijing along with Robert Lighthizer and Steven Mnuchin representing the u. S. Chinese tv said the u. S. Asked for the call, but declined to provide a readout or comment whether inperson negotiations in september were discussed. President trump on twitter implying there was a discussion of agricultur