Its weakness too. Alicia i want to point out the dollar has been moving lower the last eight weeks, telling you it is on its way down to a softening, making emerging markets actually kind of interesting. The fed has blasted it today. Romaine lets dive deeper into all the action right now with our markets reporters. Abigail, what are you watching . Abigail i have my eye on volatility once again. The vix and speculative vix sports. Might not have stocks moving much. But some who have been selling volatility this year are starting to change their mind. In white, speculative vix shorts. In blue is the fear index. When the whole theme that you was complacency, the vix shorts, superhigh. The beginning of 2018, the vix spiked at the beginning of the year as the trade war kicked off. Into the Fourth Quarter after climbing, the vix shorts came back off. This year vix shorts have been climbing all year as many investors and speculative investors have been selling. But right now it is starting to
Reese took over, hell be here with us to tell us whats behind the latest boom. Power lunch starts right now welcome to power lunch the dow as you can see is up about 200 points, the s p and nasdaq also higher, check out the small caps up nearly 1 check out the tran supports as well trucking higher. Well have more on that move in a moment. Hello, good day 31 advancing to declining stocks the worse performers are doing well today its trading to the upside banks, semiand industrial stocks all moving forward here. Consumer staples, historic high as well. Weve seen new food stocks like campbells doing well today Health Care Stocks also doing well whats moving the markets right now. The important thing here too big positives. The fed still neutral and the United States strong these are two big things keeping the markets near new highs uneasy truce on trade. Global economy on mix. The numbers have been a little odd recently if you take a look for example, China Services have been above expect
Overnight in asia. The nikkei higher by 1. 1 . Hang seasoning up 2. 3 and shanghai up. 8 . Youll also see green arrows in europe the dax up 1. 9 . Cac is up. Gains for italian stocks too in the treasury market, at this point, 10year yielding 1. 67 . Twoyear at 1. 551 30year up at 1. 61 . Iranian Officials Say two missiles trunk an iranian tanker in the red sea crude prices, as a result of this, they are jumping up close to 2 wti crude now 54. 47. They are saying that damaged two store rooms aboard the tanker and caused an oil leak that attack happened about 60 miles north of the city jeda six months after the attack of the oil tanker in hermuz and the saudi attack never good to conjecture anything they have been the attacker and you wonder was there Something Else going on because they didnt point fingers, you wonder. Was it a screw up but we have no idea. No idea they were attacked by someone. Who knows. Two missiles hit a tanker that much we know. Lets talk about the trade headlines.
He hit everything and anybody, go ahead. Maria quite the scene inside and outside the rally, of course, breaking news this morning, oil prices, markets are moving this morning after missiles hit and Iranian Oil Tanker, saudi port city of jetta overnight, iran state media, leaking crude into red sea, iran says the situation is under control now, the ship crew is safe, key shipping route for global oil industry, lets talk about that, here oil prices up and 3 quarters percent, reaction here. Look, this is just an isolation of tensions, we dont neglect that, its unconfirmed. Theyll be a marginal strike in prices. Thats right, we saw that attack on saudi oil field, we got spike up in prices but it didnt sustain, so i dont see this being i think this continues, but i dont see it as being sustainable higher earning. Maria in terms of resilience of the u. S. Given the supply thats coming out of america right now. Dagen as long as ive been wearing a microphone and makeup sitting in front of a c
The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us. Our Investment Committee at the table today. Ka were going to get to this big day in the stock market in just a minute. First, lets get down to washington, the latest from our kala. Reporter we saw the chinese vice premiere exiting. It was a departure that was casual and cordial. It seems as if they were continuing a conversation out on to the steps of the office here after about three hours of negotiations this morning. The question that we have right now before that Oval Office Meeting with the president later today is what signoff is required from president xi at this point. We believe after dinner the chinese delegation was in touch with officials in china, sort of briefing them on what had transpired throughout the course of today. What we dont know is whether today was just a fleshing out of already agreed upon principles or whether there were new material developments th