Markets. Theyre striing to close out a stellar month in green we are looking like that ham, but u off the session highs. The dow was up now up about oh, about a fifth of a percent its the ipo of the day. More on that one coming up 40 . Shares of consolation brands we have an exclusive with the ceo straight ahead thanks. We begin this hour with a trade war. President trump getting ready for a face fo face meeting with president xi in a few hours. Kayla is live at the g20 summit in o saka, japan, with the latest kayla. Kelly, that 90minute meeting is taking place 209 days after these two leaders last met at the summit in argentina and white house officials are exp t expecting a similar outcome. A cease fire of sorts. Although aqui knowledged the situation is trickier. China has walked back some principles that had been ironed out and the white house has introduced some of its own hard line policies in the meantime. So that makes the situation tricky, but none the less, any cease fire thi
Flat. Thats one of the main reasons why this market has become so frustrating. Its a real threat to whatever bull markets are left. And the ones that are left out, boy, are they painful. The recent selloffs, theyre much more extreme than our rallies. We just dont have enough sectors with strong prospects, which leads to a shortage of viable stocks. Thats why the universe of winners is so narrow here. Even on a day when the averages rebounded hard from the lows, dow finishing off just 12 points, s p dipping 1. 3 . Nasdaq declined. 12 . You know as i say every night theres always a bull market somewhere but its getting pretty hard to find it. So tonight i want to talk about whats happened, about some of the vanishing bull markets, the ones that are at the precipice or tipped because you need to know how this business has become so darn hard. Whats causing these bull markets to move into bear markets . Is it Interest Rates, strapped consumer, into the postcovid heyday . Maybe a little bit
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Heres a rally thats not supposed to be happening. [ buzzer ] this one just wasnt in the cards. Sure, tuesdays session, day one of a rally at the britishinspired brutal selloff. That makes sense. Weave ve just gotten through w two of the worst sessions. Day two also seemed like an unusual but reasonable possibility, because we had a big takeover, surprises, rally in oil, but today . Today when the dow gamed 235 points, and the nasdaq at 1. 33 . This was outrageous in its audacity. So few people believed that it should be allowed to take place. It was a totally unexpected surprise. [cheers and applause] let me explain. Go back to a week ago, today. We had just gotten pretty close to surety, surety that the remain camp was going to win, that there would be no brexit. That the European Union would be preserved. And a house divided against itself was going to stand. And i remember boarding a plane back to new york from San Francisco with my daughter, just before the first returns were in. T
Klaus kleinfeld talked to us. Were going to look to that bill not because alcoa necessarily should be a barometer, but because it so often is. Down 6 . The worst performer in the s p 500. Were not exactly off to a great start in the earnings season that didnt have very High Expectations anyway. Dealmaking activity for the year. Talk about the fastest pace weve seen pretty much in history. 100 billion announced in just the last 24 hours coming into todays session. So weve certainly got our eyes on that one, too. We do. Coming up here Constellation Brands is one of the winners, and thats after the wine beer and Liquor Company reported better than expected earnings and announced, get this its first dividend since going public 42 years ago. So whats driving constellations growth right now, and more importantly, what took so long to pay that dividend, rob sands . That will be one of our first questions for the ceo coming up in a little bit here. And jamie dimon defending the banks size and