Definitely running away from risky assets on virus fears over the weekend. We have a number of cases initially climbing, putting extra pressure on the ftse made. Mib. Down 4 . Travel and leisure down significantly so the fact the epicenter has moved from china, korea, and some of the asian economies in europe, it is freaking out investors, saying the spread may come to europe. But, two. 3 higher, 1682, outside to quality italia and markets. Italian sovereign bonds, dropping quite a lot as italy is the epicenter for the coronavirus in europe. Plenty more on that throughout the day but lets get to first word news in new york city with Viviana Hurtado. Viviana President Donald Trump in india. Moments ago, he said he is countries can reach a great trade deal, as he announced they are to sign a deal worth 3 billion in military sales. It also comes during his official status visit. Mp spoke at a namaste tru event and will visit the taj mahal. Reforms. S want sweeping boats in iran and other
Higher, the nasdaq also turning positive for the year. And all 11 sectors finley in the green on the s p 500 but, hey, dont look now because over there, in the bond market, yields are still trading near alltime lows, the 10year grows a bit but at 1. 06 yesterday, of course, below 1 so were doing something a little bit different at the top tonight. Everybody ready . Go. Do it, brian. Were going around the table. And i want each of you to give our viewers a simple answer to a sifrp question starting with guy adami. Yes, sir why were we up 1,100 point. The short answer is i have no idea, brian. Thank you. If you ask me to ask, i think joe biden had a lot to do with it you brought up that. Maybe in rert expect, the Global Central Bank nonsense or lunacy kicked in. Maybe we were in an oversold condition. But i got to tell you last night sitting here the same time given the close with the fed news we absolutely retest the 2,900 level. Clearly that didnt happen today. With that said, you know
At 1. 08. The unstoppable market as investors digest the details of that china trade deal. Stocks ready to open on new records. Southwest is pulling the boeing 737 max until june. Airlines are digging in for more delays. And shares of Morgan Stanley before the bell. They posted record profit and revenue in 2019. Stocks looking to make more history a day after the dow closes above 29k for the first time and the president signs that phase one deal with china the s p on its way to the seventh weekly gain in eighth. Total holiday, exauto and gas up 44. Names like target might have been an execution issue. Yeah, i have to say that. I just dont find any other excuse i do think that Brian Cornell pretty much said, listen, we screwed up other people, other stores kid better that aggregate number is so much stronger than anything you saw from target. I have to believe they went to walmart, best buy or costco but they sure didnt go to target. Were going to get more earnings as we shift from the
Thats the question facing millennials. One expert says renting is the way to go. Power hundred lunch starts righw the dow up 300 take a look at the sectors hitsihits i hits new highs today all jumping on the day for more on the trump trade tweets that launched the market gains today, lets bring in cay lee from washington. Reporter tyler, President Trump is in a deal making mood first a tweet this morning that said getting very close to a big deal with china. They want it and so do we. Then making these remarks earlier this morning at an event here at the white house. You look at europe, asia and a lot of different places. We wont talk about china because were working a deal with china i wouldnt say up until now theyve loved me reporter theres a meet ing in the oval office at 2 30 p. M the trade principals will be discussing next steps after making this olive branch last year the u. S. Offered to china to cancel the upcoming tariffs on december 15th and to cut earlier tariff rates in ha
Well bring all the names that you should have in your portfolio. All that and so much more on making money. Charles well, love him or hate him President Trump went to the new York Economic Club in 2016 and outlined his trade strategy. He did not minutes words. He promised quote, to use every tool under american and International Law to end trade abuses by foreign countries. He promised to stay out of the Transpacific Partnership and rip up and replace nafta. President trump has done all of those things. While experts speak in generalities about the harm of tariffs in theory, in practice the biggest hit to the u. S. Economy may be the large american corporations who are withholding investments ostensibly out of trade policy confusion but perhaps to trigger enough economic pressure to stop any additional assault on their bottom lines. To be fair a lot of businesses are doing what businesses do, they have adjusted. Now it is premature for President Trump to take a complete victory lap but