Disney ceo has the story changed too . Apples meeting gets under way Halftime Report starts right now. Lot on our plate today. Let get to it. Our team here today, najarians, and Cnbcs Jim Cramer the host of mad money. The president of Yardeni Research is with us. A full table for this meal today. Lets begin with your money. Stocks are higher. Most important ly, perhaps, so are bond yields. Jim, ive been talking about stocks werent going to be able to stabilize until bond yields stopped falling like a stone. Right. You said this morning, quote, i think you have to start buying something. Right, but not be aggressive sure enough, yields went down again. Coming in a little quick sand here because if rates continue to go down, people will give up some of this if you havent bought any, the markets had a very big move in the morning. Theres a lot of stocks that are down so much its worth starting as a great man once wrote to me as i Read Everything in the morning, do you know what happens wh
Negative year in five years. Plus, new highs in striking distance stocks set for what would be a muted open after another round of wall street records. And the shipping wars, amazon blocking sellers from using fedex ground for prime fedex does report tonight after the bell lets kick off with boeing, though now on track for four straight declines the Company Confirming it will suspend production of the max beginning in january as regulators make it clear they will take their time in approving the jets return to service. Boeing says the decision is driven by a number of factors including the extension of certification into next year southwest, jim, is delaying return until april now thats the second delay in two months. They cant get this right and throughout this, the thing that people talk about, speak to large Money Managers look i do, we cant move the move this to 400 this thing gets through, we cant. Well stand there and buy the stock. Not going to let it go under 300. We want every
Fleet. Abercrombie fitch, American Eagle and urban all dropping were going shopping for opportunity. But first all quiet on the western front. Market hit all him record high different story in china where doubts are growing that a trade deal will get done any time soon cnbc first broke this story. We go to beijing for the very latest reporter it does appear as though theres growing pessimism within the government here that a deal can be reached this year. A government source familiar with the trade talks told me people here were troubled when President Trump about a week ago had suggested that there was no agreement on phasing out tariffs. Thats a very important point to beijing. He said the chinese side felt they had an agreement in principle. Now there continues to be disagreement over some of the basic points in the deal for example, the u. S. Has been pushing the chinese to have specific targets for agricultural purchase. He said the chinese have been resisting at least in part bec
Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
It is time for a wealth tax in america ive heard there are some billionaires who doesnt support this plan. Theville ville ification of billionaires makes no sense to me she probably thinks more about cataclysmic change to the Economic System as opposed to tinkering. Lloyd blankfein responded on twitter. I can watch that over and over again where were you when you first saw that i was kind of brushing my teeth in the morning where i normally watch the channel i was surprised and flattered to think that i could play such an Important Role in the president ial campaign. Were you angry . No, i wasnt angry. Im a little bit staggered that it gotten to this point of kind of name calling. How provocative was my statement that i would tinker with the Financial System and i wouldnt explode it and that becomes in this kind of polarized world, thats a very radical statement to say you wouldnt blow up the best financial and Economic System in the world. Let me read from your tweet, if i may you say