Has been the trend we have been watching for quite some time future indicated 44 points by the dow. S p futures by 3. 5 this comes after we saw all three of the major averages sitting at new highs again on friday thats happened a lot recently the dow and the s p 500 up for the last seven of the last eight sessions nasdaq on an eightday winning streak and thats something that youre watching as we kind of rush into the Holiday Season here also look at whats happening in the treasury market. Youll see that right now the ten year looks like it is yielding 1. 91 just below 2 for the ten year we have some news breaking just literally in the past hour now. Report saudi arabia sentencing five people to death for the killing of Washington Post columnist jamal khashoggi, he was murdered of course in that saudi consulate in istanbul just last year by a team of saudi agents saudistate run tv saying three other people were sentenced to prison over the killings and reports say that the investigation
China trade deal jobless claims fall. And real estate and staples are leading the charge joining us for the hour is stephanie link were both feeling the holiday red but we got a green market. Like a christmas theme were now starting to see internalsin the market thats confirming the stabilization look at the 210 spread, the yield curve is steepening. Nats a good sign asia stocks, they are breaking out. You look at oil up 10 in the past month all of these things are confirming were seeing stabilization and that sets us up for 2020 seeing better growth my biggest question mark does this translate into better earnings i think we will see better earnings which maybe not right away you have pmis globally that are stabilizing. I feel good going into 2020. It has to be an Earnings Growth year all three averages are up half a percent first lets focus on the big stories were watching Kayla Tausche has the latest on china trade and usmca. Then the senate spendling bill vote and Bertha Coombs has
In the wake of adam schiffs private testimony taking in the deep bunker in the capital. David i find that fascinating. We have heard from republican after republican that this is so unfair. Now it is not clear that trump wants it in the public. Erik the republican messaging has been all over the map. Lately they have been congealing around the idea that Mick Mulvaney and the other lower people in the state department came up with the scheme of ukraine on their own. You are hearing that a lot from ,ark meadows and jim jordan trumps chief defense lawmakers on the hill. They are saying they presume there was a quid pro quo, they presume a tide between the as in the investigation into the bidens and trump had nothing to do with that. David it is interesting you point that out. I noticed in the bill taylor transcript of his testimony, he said he did not know the president was responsible for this. He knows Rudy Giuliani was, but he did not know whether the president was involved. Could that
Will be solved as a whole in the near future. Maybe there will be a limited agreement between United States and china. Melt down in the steel sector shares plunge more than 10 as they lower their 2020 outlook. Fiat chrysler shares see red after they prepare for themes for a gm lawsuit welcome to the show, no deal this year. There are big barriers to a preliminary or phase one trade agreement which could push negotiations into 2020 talks have tumbled over beijings demand over tariffs and the u. S. Demanding over property rights. So i can tell you this. China would much rather make a trade deal than i would. Why havent they . Because i havent wanted to do it yet. Why havent you because i dont think theyve stepped up to the level i want the president toured the apple facility in austin, texas with tim cook. We have this report. Reporter the Unlikely Alliance between tim cook of apple and President Trump continued in austin as the president toured the facility where they manufacture Apple
[inaudible conversations] and its a pleasure to have you it is an organization that represents city towns and villages in america and today thank you for being here thbecause with the 34th annual School Conditions report each person in that room is here for a reason in cities all over america perhaps you enjoy a digging into data of the community i want to hear about what they are dealing with issues in the federal impact of those issues you just want to make sure youre in the right place at the right time owhat america will be dealing with the fiscal impact of our economy for go for all of these reasons it is about the connection between the needs of the communities and local government leaders to address those in the community and im often asked why its such an important report it really is because if you think about what is happening in the city halls and towns and communities in america town leaders and village leaders dealing with those issues at first. So this year fiscal conditi