Alphabet, apple, companies in the s p 500. Folks are going to get a real snapshot. Aey are really going to get much better sense of how these Companies View the next couple quarters. It will be interesting to see whether investors are willing to look past those quarters and whatever help they may have for some type of recovery. George, global macro strategist at Bespoke Investment group. A lot of folks are focusing on the Consumer Spending side of the equation. Once we are all free to move about the cabin, so to speak, we are going to go back to spending money, buying things. The other side of this equation is something that wasnt in good shape prior to covid19, business spending. Do you anticipate any material rebound from businesses sometime this year . Depend on is going to the economy. I cant say theres no chance of a rebound. I think tracking how Business Investment evolves is going to be somewhat of a challenge. Acts isance, oil cap going to fall dramatically. It is a much smalle
Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Start. Up 15 since the beginning of the year, and it just got a huge upgrade. Its our call of the day netflix, ibm, intel, and more, a ton of big names report earnings next week. Well get you set up the Investment Committee is ready to go. Halftime report starts right now. All right. Good to have you with us on this friday our Investment Committee, jim lebenthal, josh brown, steve weiss, and shannon shikosha. Lets begin with the markets. The s p set another new record high today all three averages in fact doing so word this morning from appalo a appaloosas david tepper saying at some point the market will get to a level that i will slow down that horse and get off. The fed put money into the system, china tensions eased, and the sign seemed clear to him about where the market wasgoin to go whereas there was a lack of clarity in the months before that because of all the noise around china trade it outperformed in december and january. It is a fair bet tepper has been adding to his indiv
Manipulation as well as some provisions to protect intellectual property theft a partial deal would also include President Trump holding back on the imposing the plan december 15th tariffs but now negotiators are working on rolling back some existing duties when asked if china would remove these tariffs Chinese Ministry spokesperson going strong said the 2 sides are making progress. Its not a correct way to resolve the trade issue by slapping tariffs nor does escalating tension and confrontation serve the interests of anyone involved to trade consolation between china and the us has made some progress and is moving forward we hope the 2 sides will meet each other halfway and find a solution on the basis of Mutual Respect equality and mutual benefit. This comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching 5 months low slightly above expectations which were at 52200000000 dollars on year over year the current trade defic
Yuan strengthening, below seven for the first time in a couple of months. I thought i would point out, uber down 7 even though analysts were quite happy with the results. Guy european stocks ticking higher on the back of that ism data out of the United States. We are now at 404 on the stock 600. The euro is trading a little softer. Interesting to see how far european equities have come. The South African rand continuing to make gains. Vonnie and shanghai, president xis intake president xi reaffirming that his country would open itself up to trade even further. Pres. Xi in order to boost growth at home and create more chinaor global growth, will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Vonnie we are joined now by bloombergs selina wang in shanghai. Who was xi addressing with this speech . Heard, xi isu reiterating his commitment to reform and opening the economy. You didnt even hear him directly address the United States o