States the person behind that report will be here and later, carson clock. Right now carson will join us to fight back you dont want to miss it. Power lunch starts right now lets get straight down to more on what we know about the phase one deal and what we are still trying to figure out what we know is its an 86 page deal in a leather bound book outlining principals on intellectual property and currency by which both countries will abide china will be purchasing 200 billion in u. S. Goods includin up to 50 billion in agriculture goods. It will be no new tariffs so long as the two sides are abidesing by the agreement and continuing negotiations. No additional tariff roll backs are scheduled beyond the september 2019 round that President Trump announced by tweet today. Ambassador Bob Lighthizer told reporters he expects some ministe ministers, not the leaders, to sign the deal in january in washington the deal will take effect 30 days after that. I asked what happened over the last two
Trade, the president declining to provide more details on the negotiations with china this morning, saying, quote, well see what happens Broader Markets at the moment down about 0. 6 on the s p the dow is down 192 points the low of the session for the dow 250. So we are off the loan he lows t recovering a little bit in that final hour of trade. Joining us for the full first hour of the show is bespokes paul hickey. How you doing . Good. Do you think it makes sense well start on a soft footing given the great run we saw in november we saw a big strong run to close out the month of november here and dont put too much weight into the first trading day of the month. I dont know if you recall, but last december, we were up 1 on the first trading day of december and i think we all remember what happened the rest of that month. If we can get the opposite of what happened last december, ill take it fair enough lots to discuss with paul throughout the full first hour of the show. Lets focus in
Halftime report starts right now. Good to have you with us on this friday. Our Investment Committee today. The cio of santo Global Advisers and lindsay bell is back. Lets begin with the markets with stocks rebounding today basically flat for the week. Our focus today on what has been happening on the ipo market. Peloton down again. Endeavor pulls the ipo. Actually quite encouraging, because the Public Markets are being more rational in valuation than the private markets that are just awash with cash and you have the soft bank effect of putting so much money in the companies. Its selffulfilling prophecy. Public markets says this is crazy. Lyft, theyre not going to make money for we dont know when. Uber. Endeavor is well. Theyre saying we dont want to do that. Unfortunately, its impacting some of the higher valuation equities in the u. S. Market. We see you take a stock like roku. Take a look at whats happening to that stock and others. I dont think it means we have a sustainable move in
Blown through nasdaq 7,000, were talking about s p 3,000 by the end of the year. Look how much we already moved we got a lot of milestones falling by the wayside lets get to bob pisani with some of the latest on todays action bob . This is quite an unusual week not just in the intensity and how much the s p is up, but the fact that everything seems to be working. Let me show you the winners this week and just the dow so, whatwere the two biggest losers of 2017 it was ge and ibm. Whats the two biggest movers up this week . Ge and ibm okay often get a little reversion to the mean, but two of the biggest movers in the dow last year was boeing and ibm so they had absolutely outstanding years and they, too, are up big. You get my point everything seems to be working this week. Its a little eery. Look at the major sectors today. S p up over 2 for the week. Small caps are pretty well, too. Growth is up, and value is up at the same time. Doing well thats kind of odd and even all the cyclical n
From the new york stock exchange, the blue chip dow and s p both closed at records today with no Major Economic reports, the optimism seems to have come from the Technology Sector which is the best performing group this year. Even after that wobbly performance we saw last week. Here are the closing numbers for this monday. The dow industrial average advanced by 144 point to close at 21,528. The nasdaq was up 87. Thats a 1. 5 gain. The s p 500 added 20 points today. Contessa . If youre a longterm investor, youre probably not complaining act the markets performance so far this year. With history as a guide, mike s santoli takes a look at what might happen in the months ahead. Reporter not quite halfway through 2017, the stock market has already returned nearly 10 . Equal to the longterm average gains for a full year. It would be a mistake to assume this means stocks are way ahead of themselves or due to stall for the next several months. It turns out the stock market only rarely produces