Its the little saint nick. Its the little saint nick. Just a little bob sled. We call it old saint nick. Lauren Christmas Tree shining bright. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lets take a look at money. It has been a big market day. Lauren new records on wall street, despite boeing shaving 100 points off the dow. All three major averages closing in record territory, the dow hitting the 16th record close of the year, gaining 10,000 points since President Trumps election. Cheryl with apple and microsoft hitting alltime highs, weve got a mixed bag today. Dow is down by 32, s p only down by 1 andahalf and nasdaq still higher. Remember, yeartodate the dow is up 21 , nasdaq up 32 yeartodate. It has been a great year for markets. Lauren and in asia, rally mode yesterday. Optimism on the trade deal helping the shanghai composite in particular, up 1 and a quarter percent. Cheryl chinas economy looking kind of strong. The brexit cloud is lifting. L
I thank you for your willingness to appear before the committee today and mr. Clean your willingness to testify the borrower side of the fcc. You ca came before this committa year ago and am sure dusty would continue to take steps to ensure the Capital Markets remained the deepest and most liquid in the world. I commend you and the staff for your actions taken over the past year. Actions worth mentioning include the final rule package on regulation best interest which is great as the appropriate balance in increasing transparency and investors relationships while preserving access to the advice relationships and investment products. They also propose modifying the accelerated definition to reduce the number of registered subject to the requirement. I encourage the commission to move forward quickly to all smaller recording companies. This summer they issued a concept release seeking Public Comment on ways to harmonize the Securities Offering exemption regarding the concept release i en
Currency, shareholders protections and climate related financial disclosures. This is an hour and a half. Today we will receive testimony from the securities and Exchange Commission jay clayton regarding the work and agenda of the sec. I thank you for your willingness to appear before the committee today, mr. Clayton, your willingness to testify is essential to our oversight of the sec. The mission of the sec is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role in ensuring that our nation has Capital Markets that the public can have confidence and trust in and for investors as americans prepare for their futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed investment decisions. Chairman clayton, you came before this committee a year ago and assured us that you would continue to take steps to ensure that the u. S. Capitol markets
Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
Moving out to the sidelines. Leaders gathering in england for a second day of meetings and another black eye for boeing as a Major Airline opts for airbus all of this as we begin right now. Good morning and welcome to the show, im dominic chu in for Brian Sullivan lets check out what is happening with dow futures they were lower until a headline moved from Bloomberg News saying u. S. And china are inching closer to agreeing to the amount of tariffs that will be rolled back in a phase one deal those headlines sent futures which were solidly red this morning and all of a sudden shot higher the dow is up about 135 points if there is a lesson in the last 24 hours, it is that every single trade headline matters. The dow at one point falling more than 400 points before closing down 250 days lower. The worst day insurance early october. A rough start to a month that has historically been a strong one. Turning to the bond market the dow jones futures, nasdaq and everything else. 10year 1. 75 .