Here. Good to see you. Payne Capital Management president , ryan payne and fox business deirdre bolton. Good morning. Happy monday. Here we are ready to go. Dagen ive got cooler head, what i wrote down on my folder as i watched comments about a Angela Merkel and President Trump about the trade situation. Last week we saw the dow sell off, more than 600 points as more and more investor were worried about the u. S. And china not to be able to be on the same page in some sort of way, create a framework. Now with these comments, seems like indicating a higher open, thats all that investors care about. Business owners are thinking how will i adjust to this, whats coming. Any bright spot, green on the screens, there we go. Dagen exactly. Also this morning, American Enterprise institute u. S. Research strategy in asia, he heads it, zach cooper on china trade. Roger williams is here to talk tariffs and trade. Former u. S. Secretary of commerce, former kellogg ceo, Carlos Gutierrez on the g7 su
Investors pay no attention whatsoever by the time it dawns on them that Something Big is going on and they finally take action, its either really late or its already over [ buzzer ] and thats harsh the dow declined 190 points and the nasdaq tumbled 1. 7 . I want to prove to you that the stock market actually isnt rigged against you its just that so many of the socalled experts are constantly leading you astray buy, buy, buy, buy, buy, buy lets not waste your time for example, oil and gas for more than a month, oil has been rallying like crazy in the last six weeks, west texas crew has gone from 67 to 84. But its only today that im hearing that the oil stocks could be very interesting to buy. I want you to imagine for a moment that youre in the cnbc investing club our philosophy is look for situations where stocks dont reflect the value of the companies underneath remember, these are companies. We bought a bunch of oil stocks when things were nasty, and it hurt for a while but then oil
Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t
Move higher in treasury yields in response to that jolts number. So, adding to the other concerns about supplier treasuries and all the rest, we did have some hot economic data. The question is, mike, where do you go when you are seeing yields move this fast and this far up . Because the safe havens that you go to during a weaker economy like Consumer Staples and utilities are getting whacked on the back of these higher rates because they pay high dividend. Theyre rate alternative. The cyclicals get hurt. Tech is getting hurt because you worry about valuations on the back of higher rates. Whats left . Whats interesting is that tech in particular has acted, at least the very largest companies, have acted a little more as defense than as pure Interest Rate proxies in the last little while. Yesterday nasdaq 100 was up. When you had yields making new highs. Part is the Balance Sheet strength. I guess the other question, though, is do you decide that the market is essentially getting too ne
Delivery numbers that are of importance for us. We dont know how big. No. Kellogg nova set to begin trading today at the nyse. Well talk to the ceo later this hour. We talked about the pain we got through in q3. A bunch of new notes this morning of top pick lists out of the major strategists. So were guaranteed some data. Maybe the fed wont be flying blind into the next meeting. Well get the big jobs report on friday. Well get the jolts report before that to see if job openings have come down and the Inflation Report next week. Those will be the determinants. November is looking like a coin flip on whether the Federal Reserve raises rates. The back drop here of rising treasury yields. The market rates rising despite the fact that were still only expecting one more or no more rate hikes for the fed. The higher for longer mentality has really seeped in to the bond market and to the stock market as well. I think that thats what you saw in the performance of september. Thats going to be th