Today. This time dow industrial rising. Nasdaq at 28. 1 . These were all miraculous record closed by the way. Where did that momentum come from momentum is a tricky thing i can tell the market is on fire because employment is red hot. We know adp, at least incredibly strong numbers the Labor Department will give us a positive non farm payroll report tomorrow. I can tell you people are buying stocks, good feelings, breaking up with u. S. And china thanks to phase one trade deal chinese seems to be placing large orders with american business, dont you think . There is just one problem. I am not buying that these i am not just pushing these medical forces i think theyre not the force of todays market momentum. Why . Well, because momentum is what happens when a stock keeps worrying for emotional reasons and not financial reasons. A stock that goes higher because buyers went in at any price, that my friend is momentum now especially i like it when stocks rally i am not a fan of momentum bu
Rally on wall street driven by a blowout jobs report. The surge in payrolls helping the dow and s p post biggest gains in more than a month the s p erasing sharp losses from earlier in the week the focus now turns to the next week fed meeting, the last of get this not just a year, the daektd. Yes. The decade end era. What a decade it has been. Dont get guy going on the decade that was the fed. Dont get me going. Turns into an ugly show. Only a half hour show im happy. Are you happy always happy. Hear the ring first of all welcome. Good to be back with you guys tyler who we mention many times, cnbc royalty friday as steve mentioned off air before, you drew the short straw but here. I am here. Thank you. And i am delighted to be with you guys to answer your question. I forgot the question. What was the question. The other three guys on the desk have been correct and positive the market seems impervious to bad news the job numbers for those watching people will say this was the best Case
Perform as expected, will the market behave, will the economy do what its supposed to do. How do you minimize the risk of disappointment the dow gained, the nasdaq climbed. 05 let me tell you one trick i have learned in 40 years of investing for improving your odds. I like to rely on a brand, and more importantly on Proven Management when you end when you have a ceo who implicitly represents a pristine enterprise, you dramatically increase your chances of a successful investment, maybe a major score. Today we witnessed the best example in living memory of how things tend to shake out when you combine an amazing brand with a tremendous leader we saw what happens when you put your faith in the Walt Disney Company and its ceo, the always bankable, bob iger we learned their new streaming service, disney plus, the one that launched yesterday already has more than 10 million subscribers. And that sent the stock up soaring more than 7 all aboard. Ever since i first met bob iger when i was a l
Says military cloud contract win. And Restoration Hardware surging at the open, Buffetts Berkshire hathaway revealing a new stake in the furniture retailer stocks are looking to make more history a day after the s p posted its 21st record close of the year futures up on comments from larry kudlow about progress of trade talks in china, upbeat news about the consumer adding to positive sentiment. Retail sale s rebounded in october. 3 but strip out gas, it is a miss. Strip out autos and gas, it is a miss as the threemonth average continues to slow. Jim . Look, i there is just the mixed picture keeps making it so it is bullish. It is amazing. If it were too strong, we would have to say that jay powell has they still play by jay powell there is just enough tease with trade talk i have my view on what is happening now and it is not as sanguine as what people are saying this is about farm, about ag, and it is about this is my understanding, not necessarily about soy. A lot of pork involved b
Today. Our road map begins with Global Growth concerns. China posting the weakest gdp in 27 years aed my fallout from the trade war. Well wrap up the first week of earnings season, two names in focus, coke and American Express, both rallyi ining aheaf the bell. Rick perry set to leave trumps cabinet. He will join us live this hour going to start with that slowdown, china saying the economy grew 6 in q3 from a year ago, believed to be chinas slowest gain in nearly three decades. Markets here largely shrugging it off Industrial Production was up from the prior five to 58. Retail sales up from 75 back to 78 so kind of mixed. This one we can say, look, there is something for everybody. Fed can still cut. But im doing a lot of work on American Express this morning. Consumer is still strong consumer strong, business, corporate spend, as barry said, still a lot of negativity among ceos, extends to the election, negativity extends to china, european woes. Go back to the ibm call, we didnt talk