Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
optimistic success. the high and mighty want to discuss climate change and inequality. the millinery that flown in on the private jets to whine and moan. prosperity has come up and running back and when the midst of an economic boom he said and he reeled through the extraordinary performance of the colony and predicted that it keeps going here. he confronted the glimmers. he confronted skepticism. it was a force of optimism and hope. let s get to the markets. all three of the major averages closed at record highs. any gains with postdocs at new highs in the dow will be a little bit lower at the open. talk this morning of the corona virus spread in china, may be affecting stocks. the concern is that it could cripple travel. the dow is down about 79 innocently up and down about ten and 30 down from the nasdaq. have you noticed, i haven t even mentioned impeachment. when i m going to spend much time on it print is carson any political slant machines that damages our society and
8 . S p futures are down by 5 points below fair value. Dow futures are down 36. The nasdaq off by 7. Also take a look at what is happening in the early trading in europe right now. Red arrows there as well but these are a modest decline at this point. The cac is down by. 25 and that is the biggest decliner among the latest averages there. Overnight in asia, the nikkei dropping by more than 3 . Looks like shanghai and hang seng were down 1. 4 . Some of the reasons for japans biggest decline, the major exporters there suspending production after two earthquakes on kyus huru killing at least 4 people and rescue efforts are still underway. 246 people were killed and more than 2500 injured after an earthquake rocked Ecuadors Pacific coast on saturday. Hundreds of buildings were destroyed. Officials say there have been more than 160 aftershocks just since saturday night. In other global news, the lower house of Brazils Congress voting last night to impeach the countrys president , dilma rous
Netflix co-founder Marc Randolph recently took to X (formerly Twitter) to share a handwritten note given to him by his father when he was 21 years old.
Netflix co-founder Marc Randolph recently shared his definition of success. Taking to X, the 66-year-old serial entrepreneur expressed that success to him is maintaining the right balance between personal and professional life.