James freeman. Much made of the inversion of the yield curve between twoyear yield on the treasury and the 10year, but what do you make of the markets right now . Well, we had really a trifecta, the poor numbers out of china with Industrial Production worst numbers in 17 years. We had a poor number for germany, gdp negative, second time in four quarters, fourth largest economy, the Worlds Largest economy in europe, of course, the inversion of the 2s to 10s that weve all been waiting on. We have seen other parts invert. This is the one recognized being symbolic for, predictor of possible recession and i think that most of the reaction was about. But as we look at the numbers and relative, mixed Economic Data, unemployment is still low, wage gains are still there, i think yesterday was reaction to a lot of scary data that came in, but we are still positive about the markets and we think that weve got some runway head here. Dagen lindsey to that point, the 10year yield closed 1. 596 . I w
Market might dry up on them. Semiconductor issues, financial issues, could way on them could expand, global slowdown. Get consumer durables involved in that. Those sensitive to the economy involved in that. All of sudden, before you know it, katybarthedoor. The psychological indicator, the vix, that is flashpoint how people are feeling. That is jumping in excess up 33 earlier. Up 23 right now. Were keeping an eye on that as sentiment, what people are feeling about the market. They are feeling a little nervous. Numbers out of the Services Sector slid to a threeyear low. The reason i mentioned even the Services Sector, it at least is following in this report, a fourth straight month, downward trend, still expanding but at a slower rate. That is happening with the manufacturing sector. Twin sluggishness is weighing on these markets. Typically would pounce on negative news, being good for Interest Rates coming down. That is indeed happening. 10year note 1. 75 . Normally that would be a sal
Boeing fixings technical problems with the planes Flight Systems warning it mate have to shut down production entirely. Connell s p right around record territory. It needed to close up just under nine points to set a record t was able to do that. A 14 point gain for the s p where we settle in. That is a record closing high. Same thing for the nasdaq, with a 70 point advance today. We have all of that. Plus the president , of course a big day in washington. President trump is expected to leave the white house in the next few minutes, following the Robert Mueller testimony on capitol hill. This is a chance most likely to hear from the president. Well bring you any breaking headlines from President Trump if he stops to answer questions as he often does from reporters on the south lawn of the white house. Lauren think he will do that today but we will see. As we wait for facebook, their latest Quarterly Earnings imminent at this moment. Jackie deangelis in the newsroom with the very latest
Washington examist anderson and benchmark managing partner, look at him, kevin kelly, looking good because you have the light. I love it. Dagen whats it called by diva light. I go by divos. No divas or divos just common sense. Fox news contributor adviser and founder former economic adviser robert wolf, shape of the race for the democratic nomination for the presidency, we will talk to him at length, fox news senior judicial analyst judge andrew napolitano, Services Committee member sean and the now ceo herman cain and dr. Mikhail varshavski, dr. Mike, you dont want to miss any of the gentlemen, to the future this morning, 159 point loss after stocks soared yesterday after President Trump delayed tariff on certain chinese goods until december 15th delays include goods like smart phones, laptops, video games, the president commenting on the move some of the tariffs will have impact. [inaudible] the only impact that weve corrected almost [inaudible] dagen china feeling the impacts of the
Tech sector higher and the Federal Reserve Decision Just days away with an Interest Rate cut firmly expected by wall street joining uts for ts for the hour lindsey bell perfect day to have you because you are the sort of earnings scorecard keeper things feel a lot better than they were expected going in. Absolutely. This was the busiest week of earnings so far this season. But what was surprising to me is hear from all the companies talking about the outlook. I was expecting them to cut numbers sharply and most reiterated and even raised guidance of course there is a few that cut and took things down because of uncertainty around trade and other things but i thought that it would come from a more Broad Spectrum of companies. The themes that we can take from this week it seems that consumer geared companies doing very well. The great Big Tech Companies that weve been valuing for five years or more proved that that is why that they basically have great businesses what are we going to see