Reese took over, hell be here with us to tell us whats behind the latest boom. Power lunch starts right now welcome to power lunch the dow as you can see is up about 200 points, the s p and nasdaq also higher, check out the small caps up nearly 1 check out the tran supports as well trucking higher. Well have more on that move in a moment. Hello, good day 31 advancing to declining stocks the worse performers are doing well today its trading to the upside banks, semiand industrial stocks all moving forward here. Consumer staples, historic high as well. Weve seen new food stocks like campbells doing well today Health Care Stocks also doing well whats moving the markets right now. The important thing here too big positives. The fed still neutral and the United States strong these are two big things keeping the markets near new highs uneasy truce on trade. Global economy on mix. The numbers have been a little odd recently if you take a look for example, China Services have been above expect
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
Weekend on cspan3. The president is due at a rally in tupelo, mississippi, within the next few minutes. Well is have live coverage as he campaigns for Lieutenant Governor tate reese whos running for governor in tuesdays election. Until the president arrives and starts, heres white house economic director larry kudlow talking with reporters today about the latest jobs numbers. Yesterday the president [inaudible] the impeachment effort is holding back the stock market. Do you believe thats true . Yes, i do, actually. Why . Because i think fundamentally, and, you know, your network has reported some pretty prominent, famous investors Lee Cooperman among them, Lloyd Blankfein among them who do not want to see a change in President Trumps economic policy. They like the tax cut incentives, they like the rollback of regulations, they like the opening in the energy sector, and they like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect ame
With more. Thank you, andrew the Commerce Ministry said negotiators agreed to canceling tariffs in stretches the additional tariffs or some of them had to go. Also the Ministry Said from beijings perspective, the tariffs needed to be lifted at the same time by the same amount, how much could be negotiated the time and place of the deal signing has yet to be decided. Since then, the state media has been really focused on the point that if the u. S. Wants to have a trade deal, there has to be a removal of tariffs the state meeting says these have to be removed together saying this shows them as equals separately today, the authorities here sentenced nine people to joail including one with a suspended death sentence for smuggling fentanyl into the United States. As a sign that there was some calculated move behind this decision, the commission had said after the sentencing that the decision was made in accordance with the consensus reached between president s xi and President Trump. Sugge
United auto workers president is sidelined amid his own federal investigation just days after settling that gm strike. It is monday, november 4th and Worldwide Exchange begins right now. Good monday morning im ndomini chu if for Brian Sullivan. Mcdonalds has fired Ceo Steve Easterbrook. Those shares down 2. 5 at this stage in the early extended trading session. Now despite the drop in mcdonalds shares, futures are still higher this morning. If you take a look at the picture overall, the nasdaq up by 38, dow 85. The s p hit a record high on friday treasury yields again a certain big focus for investors these days look at the tenyear note yield ticking slightly higher, 1. 75 the last trade there, twoyear note yields 1. R8 as well markets in japan were closed for culture day. Look at the overall picture and its green across the board. A half percent gain for the shanghai the hang sang up 1. 75 the asian side of things very much in the green. European trading is exactly what were seeing th