Texas and louisiana preparing for laura to makela landfall asa possible cat 3 hurricane and facing new head winds of a pandemic and the end of an era. They start the end of a new slogan as Everybody Needs to keep their hands out of their mouth. This is Worldwide Exchange on cnbc good morning good afternoon good evening im Brian Sullivan thank you for joining us on a busy tuesday we have to start with the markets and your money despite whatever news there is out there, the money flowing into stocks just does not stop futures higher, maybe on possible headlines of u. S. china trade talk front all of this coming after yet another record setting rally s p 500 closing above 34 time higher and nasdaq hitting 37 records for 2020 the dow, now less than 1 away from break even on the year. Could get there today with the way the futures are looking. Speaking of the dow, there are big changes coming as announced late yesterday three stocks in. Three stocks out sales force will replace exxon mobil.
Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Julian welcome back to the Cato Institute for the 2019 cato surveillance conference. I remain senior fellow julian sanchez. Thank you to those present and those watching at home for joining us. As i mentioned at the start of the conference, we focused on issues of surveillance oversight at this years conference. This morning, you heard about an array of institutions that work to oversee the secret you seven the secret use of intelligence collection ranging from the fisa court to the inspectors general to the Government Accountability office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseeing the Intelligence Community is the privacy and Civil Liberties oversight, which has produced a number of valuable reports that have given us unique insight into some of the programs that were discussed earlier, like section 215, the authority used for the phone records collection. What im sure will be a fascinating discussion, i wi
Work of institutions that to oversee the secret you seven telogens collection ranging from the fisa court to the inspectors general to the Government Accountability office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseeing the Intelligence Community is the privacy and Civil Liberties has produced ah number of valuable reports that have given us unique insight into some of the programs that were discussed earlier, like section 215, the authority used for the phone records collection. Will be aure fascinating discussion, i will pass off to our accomplished. Oderator you, julian, and thank you all for being here and to those watching online. It is an honor and a pleasure to be a part of the conversation with the members. We have three of the five members with us today. Two had conflicts and were not able to attend. Am going to basically do something nontraditional and allow them to introduce themselves. Ive seen this do