600 milliondollar bet for coty. All this on making money. Charles were finally pulling back. Dow, s p from record territory. There are more reports out of china the negotiation, the u. S. Hasnt shown a positive response to pulling back all the tariffs. President trump continues with the same line he is holding firm. Take a listen. China will have to make a deal i like. If they dont thats it, okay . Im very happy with china. Theyre paying us billions and billions of well be over 100 billion in nottoodistant future. China never gave us 10 cents. With that being said, i have Good Relationship with china. Well see what happens. Im very happy now. If we dont make a deal with china, i will raise the tariffs higher. Neil big loser is home depot. Weighing on the dow. Missed on Comp Store Sales for the Fourth Quarter in a row. Then there is kohls. Tell you both of these companies, you listen to management see what they have done, seems to be more Company Specific than any kind of proxy on the e
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
Making money. Charles so i got to tell you, investors, at least the market appears to adjusting to worsening yield curve inversion. 10year lower than the two year. Just earlier this month, remember when that first happened, first time that happened, investors running for the hills. The stock market crashed almost, recession fears were rampant. What changed here . Here to discuss david dietze, and mahoney Asset Management president ken mahoney. Ken, the first time this happened, the dow was off 800 points. Closing at low of the session t was all the talk of financial and mainstream media, recession around the corner. What is different . What is causing inversion, part of it is foreign money coming into our markets. 15, 16 trillion of negative interest rates, that will bring money over. You cut rates a couple times, you get inversion. One is cause of it. Investors realize the cause of it, recession in the u. S. I dont think it will happen. More to do with foreign money coming in be buyin
Everyone. Thank you so much for joining us this morning. I am Maria Bartiromo it is wednesday the eighth, your top stories 6 00 a. M. On the east coast. Breaking news antiisrael protests resume this morning at George Washington University Last night they turned violent after officers started tearing down the campuses encampment arresting 35 protesters, we have updates this morning as they come in we will report as its happening. President trump on trial, Stormy Daniels back on the stand tomorrow for a second day after day of testimony when she detailed the sexual encounters she claims to have had with trump, salacious details meant to embarrass the 45th president as the judge denies trumps request for a mistrial. New polls show American Voters continue to support trump come november. All the details coming up. Markets are mixed, fractional moves across the board take a look at futures indicated a mixed opening as we look ahead to more earnings, the dow industrial six, the nasdaq and 14
Critically helping sentiment, china stocks recording their biggest twoday gain in seven years. A number of stocks there are still halted. Weve got the Portfolio Manager for fidelitys 2 billion china fund coming up. He says there are a lot of opportunities in the china market right now. Well tell you where. The latest data show the pc market is just getting clobbered. Its dying yet again. Could microsoft have a plan to revitalize that sector . Thats coming up. Also a new bill that could help patients get their treatments faster but at what cost . Well break down the fight brewing between Pharma Companies and doctors coming up. Troubling reports out today. Lets begin with greeces bailout and reaction from germany. Our reporters are still on the scene. Chief International Correspondent michelle cruisae a carusocabrera live in athens and Steve Liesman in frankfurt. There is new controversy around greeces former finance minister. He cannot stay out of the headlines even though he is no long