The averages gave back their gains. The s p declining. Nasdaq dipping. 24 . There is a lot going on here i think even the tariffs on until china actually follows through with its promises since they doublecrossed us so many times makes a ton of sense it should have caused a rally, not a selloff. But maybe i was some sort of weird mistaken reason to take profits. First, lets consider how much good the trade war may have accomplished in our country in a short time tomorrow the United States and china will sign the historic agreement. They agreed to buy 200 billion in goods and services from us to roll back half of a 15 on levies on other products were still keeping tariffs on chinese goods and china allowed the currency to become much stronger the in exchange, were no longer ka a. K accusing of them of currency manipulation so for everyone that told us the Chinese Communist party is playing the long game, that there was no way we could win, and we would get nothing, well, how did that wo
And Boston Scientific has had a wicked good run over the last three months, but mike is working on a safer way to play going into both the Jp Morgan Health care conference and earnings its time to risk less and make more options action starts now. Yes, it does and welcome or welcome back, everybody. So let us dive right in. Well talk about the payment stocks because most cashed in a lot of big gains last year check out shares of mastercard and visa led the pack up 58 and 40 respectively American Express and paypal did well square lagging a bit, still up 3 on the year carter says one of these names is about to ring in more money in the new year. Carter is going to break down the charts for you carter lets jump right in were looking at amex, the setup here is recent outperformance relative to other financials and proceeding underperformance. Its a onetwo more often than not. The table is very simple over the past six months, yes, what we know is that the bank index has done 13, 14. We kn
The pharma giants ceo joins us live and a big downgrade for one of the big streaming stocks we will debate in call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this monday our Investment Committee, joe tear nova, josh brawn, steve wise brand and rob seechin. Lets begin with the markets stocks at session highs. Dow going for its close above 29,000 all this in what is a critical we can expectations are high. Positioning is pull bullish. The numbers better live up dont you think . Numbers i think will in certain instances have to meet high expectation i agree with that, scott but it seems we have rolled into 2020 and not much changed from 2019 you have been able to disburse allocations a little bit outside the u. S. Chinese equities are off to a strong start the iem both of those performing well. We are in earnings season. I think the pressure is on Financial Institutions more than any other sector i agree
A lot of focus on the u. S. Jobs report we saw in the u. S. As you look at the pound its 1. 3003, we need to look at the trade relationship and negotiations between the u. K. And eu. Up versus dollar currently 109. 68. Coming up we talk all things geopolitical and geopolitical at 11 00 a. M. London time. Lets get the first word news in new york city. Volcanoe philippines, a eruption is prompting evacuation of thousands. Triggered earthquakes and spewed ash across manila. Markets were suspended, experts morning a hazardous explosion explosive eruption is possible within hours or days. U. S. , the nation is looking at reviving semiannual talks with china. There will be used to discuss the economic relationship between the company countries. Today, chinas vice premier heading to the u. S. To sign phase one of the trade deal on wednesday. Many shortcomings, that is the conclusion of the report during hong kongs recent unrest. The investigation finding a lack of communication, no clear guid
Well, less of an outperformance, but a little bit of one. We are seeing a bid when it comes to crude. European equities not exactly having the same story as the United States, only up by 0. 1 . Markets actually in negative territory. The you is a little bit softer today. Christine lagarde speaks in frankfurt tonight. Weve got a policy meeting next week. The rand, a little bit of surprise from the central bank in south africa, delivering a to five basis point cut today. The big question, is there more to come . Is there going to be further rate cutting and south africa in what is a critical year for south africa . Somebody are getting absolutely pummeled today. The Canadian Company under pressure on a number of fronts on the train business and the aircraft business. Airbus a220, the ramp up to that program costing more than anticipated, and a buddy are essentially talking about walking away. Essentiallyrdier talking about walking away. Lets get some more insights on these markets and wh