President trump. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee at the table. Joe t lets begin with stocks. Under pressure as you know new tariffs in place you had that weak reading on manufacturing, investors are on edge you have the worst month for stocks historically. You have to deal with new tariffs, the economy, risks are starting to stack up against the stock market yeah. This is not a great team as you mentioned, but if were dealing with trade its painful every day. The bigger question is are we headed for recession or just headed for Slower Growth i think we are just headed for Slower Growth. Something like 2 , maybe a bit less gdp growth. Yes, jobs have been strong wages good, consumption on friday, youre running at almost a 3 annualized growth rate on top of last quarter that was 4. 7 consumption growth. The consumer is still okay and its the bulk of the growth of the
We are seeing green on the screen in terms of equities and u. S. Futures. We finished unchanged on the s p 500, so the markets are a little bit risk on. We are seeing that reflected in the bond market. The 10 year has backed up. We have a number of regional president s pushing back against further rate cuts. The dollar is on the front foot as well. Coming up, we are live from jackson hole as investors take positions on how fast and how far the fed will ease. We have a host of stellar interviews first up, James Bullard. And then watch out for robert m Robert Kaplan and patrick harker. , that iser it takes what new Zealands Central Bank governors says he will do to support the economy. Thef says he will evaluate impacts of this month on expensively large rate cuts before considering further easing. Forward, we were saying everyone is telling us we needed to be lower. Everyone is telling us Global Growth is slowing, so lets get ahead of this. Lets move and reduce the probability of having
126, the s p up 23, the nasdaq gaining 89. The russell 2000 is the big percentage winner, up 1. 5 or 26 points. But on this fourth day of the bloody war between israel and hamas, it is just after 10 p. M. Where hundreds of rockets and guided missiles continue to crisscross the sky. Israel fighting back and close to launching a mass ground offensive into gaza after Hamas Terrorists invaded israel saturday night, slaughtered more than 1,000 civilians. President biden just speaking within the last 20 minutes saying at least 14 americans have been killed in the violence in israel, and more than 100 people have been taken hostage by hamas, at least 4 of whom are american. Fox news is also reporting that according to journalists on the ground, soldiers have found infants decapitated by the terrorists in the villages that have finally been secured by israeli military. But help is already on the way. Take a look at boeing. Shares are moving higher, they are at the top of the Dow Jones Industri
Elon musk said all the right things on the call yesterday. More unless expensive models. Lisa we heard we will not get any details about if he can produce 25,000 teslas on their current infrastructure, wait until august. What about robotaxis . Wait for august. Jonathan i dont think you can look at this move without looking at it relative to the year to date loss. We were down by 4 and that we are up by 10. Listen to this, 2. 5 years ago, tesla was worth the same as the next 12 Largest Companies and thats how things have gone wrong in the last couple of years. Annmarie and the big issue is demand. They have very to different firstquarter results announcements. The numbers were bad and if you look at some of the rate at which new cars are leaving deliveries, that is not promising for elon musk down the road but the words are dreamy and its this idea of august we will get may be cheaper cars and a people model s and potentially a robotaxi. Jonathan jefferies says appeasing the market. How
that the spread of the particularly in the u.s. and coronavirus is slowing, especially in china. implications for policy. it is hard to predict the two investors basically at the back of their minds. saying that outcomes of the virus or how the economy can weather the trade will evolve or what will happen in the november elections virus. the u.s. 10 year yield is a good way to look at risk out there. , so we are trying to do fundamental work and have a currently at 1.63%. longer term view on what asset the new zealand dollar. it is currently up a touch after its classes and mary that with bottom-up work with companies central banks of the impact of the virus will actually be who have the best opportunity to short-lived. they did not project any rate generate cash flow over the shortest time. francine: does the virus change cuts. coming up later today, we will be speaking with the chief executive of ep. don t miss that interview on everything when it comes to the markets, or