Strategists on wall street now see elevated recession risks and a possible significant pullback. Joining us is ian winer. Welcome back. Thank you for having me. Today it is the trump comments that are lifting the market friday they were sinking the market what do you do in this environment . You have to stick to the stocks that you really like because theres absolutely no direction in the marketplace the president clearly isnt helping things i think we are just going to continue to stay range bound at the same time, where global rates are and the fed basically saying theyre going to be there and you are in a little range here i think that the uncertainty itself will outweigh whenats happening and see a correction before we run away to new highs. The risks tilted negatively near term negatively for three months i think. Ians here for the hour lets focus in on the big stories today. Live in france with the latest on china trade bob here at the exchange kate tracking the nasdaq ayman, fir
That key 3000 level again. Joining us for the entire hour nancy tangler from tangler wealth management, welcome, nancy. Thank you, sara. We are seeing a nice rally on wall street. What are you doing right now what are you buying . Still focused on the consumer the china news is good but i dont expect us to get a deal soon u. S. Consumer. Yes, thank you. Although china did pretty well according to coke. Yeah, great interview by the way. Thank you mcdonalds, home depot, starbucks, those are some of the names we like in the consumer space as well as coke, one of our largest holdings. Who do you think likes the bachelor more i didnt know tyler was a fan. Im a super fan. Anyway lucky were getting that show on cnbc. Theyre one of the best couples. The new show. Oh, theyre from the bachelor. Im lost. Kayla tausche and seema mody has United Technologies and josh lipton has details on potential app de apple deal in the works and diana olick. Kayla, lets start with you. Wilf, theyre expected to
Welcome to you you and i were chatting about the new space spot that were going to talk about. How is that indicative to risk in this market. You have a spak, which people doing it as long as i have they know the history but its essentially a blank check to merge with a company thats going to take people to space. What does that have to do with the fed it has to do with the risk mentality of people out there. If the fed is going to drive rates down to the negative, people are going to go out and try to find Investment Opportunities and i think this is the perfect metaphor what we saw in the markets the facts were talking about stocks like chewy shows the mentality here of how people are thinking. Lots to discuss over the next hour welcome back. Great to be back. Wouldnt miss a pepsi earning day. Mike doesnt hear its an important company. The word he used is improper hp his words not mine Morgan Brennan has galactics plan to go public. Susan has details on a trade rift between President
Extremely positive senator joe mansion, democrat from west virginia, who he did vote in favor of the bill on friday he said the meeting was very positive but senator nelson of florida who voted no on friday said that he believes you will see a resounding yes this according to our colleagues from nbc news. Republicans feel they offered a significant olive branch and even being willing to bring immigration debate to the floor before february 8 but we will see whether those assurances are enough to win over what are 12 democratic votes needed to secure this to reopen the government but stocott, of that, it goes bc to the house, and we will talk about that vote as well. Thank you so much we will jump back to d. C kayla will monitor the vote as it takes place a vote that could take a half an hour or so in the meantime, markets remain front an center for us as always our expert panel is with us, as usual. Today we have ian winer of web bush security. Josh, the headline from a market perspect
Remember those 100 delivery fees for water were already seeing shell tell us more about that. I heard much higher gasoline prices as well, but i dont know if that was an urban edge end. Well talk about that and the other big story were following is the mass you have data breach at equifax which may have seen data stolen from nearly half of the u. S. Population. Well talk about what could happen to the stock, how you can protect your personal data from future hack attacks as well. Yeah, with the stock down 13 and the worst performer in the s p 500 today which is down a point and a half right now let start our full coverage of Hurrican Irma it is a does near landfall in florida. Wmaq meteorologist kaylee dieion is tracking the storms path and Jackie Deangelis with a look at final preparations being made and Morgan Brennan with a look at how difficult it is to get out of florida and how the theme parks are bracing. Had an update over the last hour the National Hurricane center has upped t