You are seeing some signs that suggest broadens breadth you had this move in hold builders and transports. Its not a reason to discount that action. Forget about all of that those things are not the tech trade. Its not its clearly happening. Stephanie and pete have been right all along throughout the course of the summer they have said things are Getting Better things are broadening out. I have been a nay sayer but Market Action is telling me they have been correct and i have been incorrect for as long as thats going on, i think theres a reason to be encouraged that we could see continued new highs. As you know, the viewers know. One of the things i want to talk about is the three leading sectors today are low rates plays. Utilities are ripping. Reits look incredible. I added Simon Properties group which we talked about spg. That thing looks like it wants to break out right now of course, youve got communication stocks being the best performers. Im in verizon and that group. Nike hitti
It is still on. President trump insists a phase one trade agreement with china is fully intact. Peter navarro claims his earlier comments were taken out of context after suggesting the deal was over. The European Commission is more confrontational. E. U. Lash out at beijing over hong kongs autonomy, disinformation, and foreign investor meant foreign investment. We are in brussels. Hard times for softbank. The Company Sells part of its tmobile stake, creating 21 billion dollars to help offset record losses in its investment business. We will have the details for you briefly. Just under one hour away from the start of cash equity trading in europe. Lets take a look at futures this morning after we closed down yesterday in the u. S. And the u. S. Managed to eek out some gains. They are trading solidly higher. Dax futures are up. 6 percent. Ftse futures up about. 25 . What do you see on the gmm . Anna we have certainly been whipsawed by those comments by Peter Navarro on trade and the abil
Increase sanctions on iran road map begins with watching the fed. Investors expect the second rate cut in a decade. Stocks mostly lower ahead of the open. Fedex is falling this morning. Shares down in the premarket over trade worries policy uncertainty, of course, as well continuing to weigh on the delivery giant and right idea, wrong approach, House Speaker nancy pelosi sitting down with jim youll hear what she had to say about the president s china trade strategy as we said, a few moments ago, the president tweets, ive just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. So nice that our country is now Energy Independent the u. S. Is in better shape than ever before, Strongest Military by far, biggest economy, no longer even close, number one in energy, maga equals kag. The story is going to be about the attacks and what else the saudis can tell us about it as aramco had that statement out yesterday. Right i think we have to were f
To have a weak dollar. Well talk about all of this coming up. Big interview in davos historically just something that is usually not said by administrations or treasury secretaries. In reality, in the shortterm, currencies will fluctuate. Thats kind of what mnuchin was saying bob rubin thought all of these things, they would just never say the it publicly. This might not be the first time that this administration voiced things that other administrations didnt voice mike allen is with us, too. Its not something where you want to add thoughts to it i dont want to revisit the last administration, but we her defense of israel and we saw the way the administration actually stuck to their card, too. Exactly so they say what would you rather have, someone that smiles at you and says we love israel, then behind their back, netanyahu is ready to pull his hair out he doesnt have hair i had the opportunity to sit down with President Trump. We talked about trade, the dollar and his message to this
International Monetary Fund managing director Christine Lagarde was joined by Central Bank Governors and financial analysts to talk about the Global Economic outlook, this runs about an hour. I am so delighted again to be moderating the Global Economic outlook. And unusual warmup act. I am disappointed for some reason they forgot to provide the bands. And the growth is very important. And trade needs to be free, growth, jobs and the nature of the trading system are important for our discussions now. We are meeting at a point in which for the First Time Since january 2008 the web has a tendency to be behind the times so it didnt fully recognize at that time how bad it was going to be but since ten years, since extraordinarily Global Economic optimism, a widely shared synchronized recovery. The risks in both directions, and the longer term opportunities and challenges it creates and to do so if i may introduce the panel, everybody here, i have Christine Lagarde to my left, she has been a