Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
Policy while mayor is trying to get the minority vote. By the way, third in Morning Consult poll. And then theres this, Bernie Sanders, you think he looks sheepish on the flight there, why sheepish, because the socialist was flying first class, lets get to the market, nice way to open the show on valentines day i think, a long weekend coming up. Some traders on wall street are going to be thinking, wait a minute, do i want to hold stocks over long weekend, i cant fix anything until tuesday morning, who knows what will happen with the virus, in advance of that, we have the dow down just a point, not Much Movement there, s p down 2, nasdaq, im sorry, s p up 2, nasdaq up 14. All right, now this, china continues to report a surge in new cases and deaths from the virus. 121 deaths, chilling number for you, 1,716 medical workers affected since virus erupted in china, 6 of them have died. Carnival cruise lines have canceled 18 cruises in asia, lets get on with it, its friday, Varney Company i
Investment committee is ready to go Halftime Report starts right now. Welcome good to have you with us on this thursday, the first trading day of 2020. Our Investment Committee here today. Lets begin with the markets its the first day another record setting day for the major averages there you go right now dow off its best levels, not by much new record high, 28720 nasdaq back above 9000 s p 500 positive as well the russell is a drag. But for the most part, its the same story semis hitting fresh new highs. Apple extending its record high. The beat goes on. What im particularly excited about are the International Charts i know a lot of american investors say what do i have to Pay Attention to that for . Its note worjnoteworthy were g with countries in europe up around 1 , looking better than our markets. Germany is up over 1 . European banks this morning as a group are up 2 . European Technology Names as a group are up 2 . This is noteworthy emerging markets is up double what the s p is
You need to balance in order to be a great investor. It can be hard to keep track of everything that you need to do a lot of this is more important than daytoday action without the right discipline or frame work and the right, dare i say philosophy youll get yourself into trouble but big picture Financial Advice can be hard to process. A lot of it seems down right contradictory to most people we tell you to stick with the companies that you believe in and then we say change your mind on a dime when the facts change. You need to be cautious because its so dangerous out there but you also need to be ready to pounce at opportunities when they present themselves. You need to be skeptical but you also need to know when to suspend your belief. Your disbelief you need to avoid chasing stocks that have run too much but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules it doesnt mare where the stock is coming from its where its head
Chinese stocks turning higher after a phase i trade deal to calm and solid industrial and retail data. Consequences. Be china threatening retaliation and germany bands hallway hallway. Calm carmakers could be caught in the crossfire. Prime minister Boris Johnson prepares to name his new cabinet. Sterling strength continues as investors stay positive on brexit. Under an hour away from the start of cash equity trading. Taking a look at what futures look like, all green across the board. Ftse futures still gaining solidly. It looks like it could be a risk on day. Absolutely. A slightly sluggish picture coming through, a lot of questions hanging over the trade story. To what extent are we going to see the rollbacks . Questions and after that, the mixed picture on chinese data. Retail sales better than expected. Mind andof that in with some of the euphoria that see the msci pacific fairly flat. A couple of red headlines closing the bloomberg. Inrth Quarter Sales coming just below the 62 bil