780 points s p also up 3. 4 the nasdaq up by 2. 5 . This morning, you do see some red arrows right now, the dow is down by 111 points the nasdaq down by 65 points jobless claims number that people will be watching so closely. Keeping an eye on trezy yields, it looked like the yell was trading at 3. 7 . Thank you, we have an update now and numbers. Confirmed cases in the United States is now more than 432,000. More than infections in italy, spain and germany combined new york state has 151,000 and 6,200 deaths Trump Administration is saying they are seeing real evidence that the measures being taken are working. A battle is brewing on capitol hill over new outbreak funding demanding 250 billion in new funding. House speaker and Senate Minority leader saying any new package would need to include more for additional money for hospitals, state and local governments. The senate is expected to bring competing measures to the floor today. Neither are expected to pass fed chair jay powell is s
For hedge funds. The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you back with us on this friday. We have a super sized Investment Committee, josh brown, jon fortt, steve wise, meghan shoe is here, kate moore, also with us today, deproveco lake owes. Lets win with the market stocks as we know by now are lower. It is the move in key areas like bonds that we are watching very closely today. Kate moore, ten year hits 145. The ten i dont remember keeled down 30 to date 30 year yield record low is this a sign that a Tipping Point for stocks is in fact closer i dont think so many things have been affecting the bond market. The liquidity push from Central Banks into the bond market i dont think we should take too much signal from yields today and say at this point we are at an inflection and that equity markets have tosell off as a result everyone is looking for an excuse there is a lot of uncertainty, a lot of anxiety about the move we have ha
The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s
Frame on over how long of a period of time will they hit that 50 billion figure. The president also saying here to reporters that the chinese wanted to start phase two talks right away he says thats fine with him the president also saying the tariffs that remain on chinese imports will be used on negotiations for that phase two deal so that president here implying he hasnt given up all of his leverage in further negotiationegotiation negotiations no time lyline for when that phe two deal had been completed. That seems to be where things are headed now were getting some tape coming in of the president s comments well bring you that as soon as we have it meanwhile, were getting a bunch of very supportive statements from business groups, crincludi from former treasury secretary hank paulson, saying this is the first bilat rahal trade deal in to years it was hard fought and long overdueth overdue. This is a first step toward completing a comprehensive trade agreement. Scott, reading that s
October 18 futures indicated up about 50 points for the dow s p indicating to be up about six points all of this riding on the big number it is jobs friday expecting an increase of 75,000 none farm jobs and increase of Unemployment Rate of 3. 6 . The numbers are weighed down by the strike at General Motors those striking are treated as unemployed thats important to remember overnight in china, new data showed factory activity slank. Analysts expected it to pick up from last month. All of this raises the stakes for the trade war. Eunice yoon has more for us now. Thank you, becky. That official number was different from the private survey that came out showing factory activity expanded at the fastest pace in two years. It could be because the private survey tracks small and private companies as open toesed to large ones. China this morning proved to be a tech power house the goal here for 50,000 they keep on serving now with the 5g enabled phone apple is on 4g and the huawei phone is 10