Europes closed. Apple didnt give a forecast and this white house commentary. I would start with the white house commentary the apple stock, even after you knew that there was no guidance, was up rather dramatically when we got word that the United States was going to retaliate against china, that was it it gave up the ghost and accelerated the decline in amazon we did have the greatest month since 1987 so that january month was augmented by tremendous japanese buying in 87. It was artificial. This was a solid rally off the bottom its time to consolidate theres no we have to get used to consolidation meaning a 400point dow instead of a 100point dow. We went down 34 in 25 sessions, up 35 in 27 sessions what does consolidation mean now . It has to do with the idea that we give up some of this last gain. The last gain was a short squeeze in airlines, in travel, leisure. We started believing in marriott up 10. Then yesterday we had a really strange day where the most important thing that ha
Damage. China near a takeover of the airline hna, saying it wants to stem the economic fallout from the coronavirus. Cruise passengers return. The first batch of hong kong residents from the diamond princess are due back in the city today, but there is lingering confusion about their arrival. U. S. Attorney general william barr tries to invoke an old law that protected tech companies. Ike google and Facebook Paul nothing has been happening released since you have been gone. Lets check in on futures in asia today. New zealand already trading at the moment. X higher by a quarter of 1 . 1 in by 1 5 of australia. 771 millioned profits. Pretty flat. Qantas seeing an impact from coronavirus. Few catalysts to watch out for. Aussie jobs expected to rise a little and china expected to cut its loan prime rate. We have machine tool orders out of japan as well. Emily i want to look at where u. S. Markets closed today. Lets get to bloombergs taylor riggs in san francisco. Taylor risk on across the
S p indicated down about 4. 5 looks like the 10year is yielding below 1. 6 . 1. 549 well talk about what china did. Loan rates there dropping as the company tries to take on the impact of the coronavirus. Lets get an update now on the coronavirus. The people on the ship, a couple of people did die from the coronavirus. China as we heard cutting its benchmark lending rate that was expected. Authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. The first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether weve seen a peak or close to a peak l brands reportedly selling shares of victorias sek receipt valuing that brand just over 1 billion. This had been expected that theyd pay for it. L brands chairman and ceo will step down as part of the deal but remain on the b
This hour. Were waiting possible new comment from President Trump this hour. The president set to depart the white house shortly, make his way to new orleans. He is attending College Football National Championship game this evening. Well bring you any remarks from the president , if he stops to speak to reporters on the white house south lawn. Plus protests raging in iran. Third straight day weve seen this. Antigovernment demonstrations. Reports of forces firing live rounds and tear gas. Target, how it is what it means for your store. Melissa Edward Lawrence and blake burman are live at the white house. Edward, starts with you. Reporter melissa, a feeling of glee of folks in the trade circles i talked with the signing of the trade deal expected to happen on wednesday. The chinese delegation is now here at the hotel in washington, d. C. The one, the chinese are expected to sign that trade deal on wednesday but two, tomorrow the chinese delegation will meet with u. S. Businesses to try t
Halftime report starts right now. All right. Welcome. Good to have you with us on this tuesday. Joe terranova, stover any link, and jeff farr is back. Stocks modestly mixed. We begin with four widely held names. While woe dont expect another 32 years, we also dont expect selling pressure given the runway of disney plus. Are more ahead i could see a scenario the next couple years it works its way up to 200 a share disney had an incredible year. They had 80 of box office, which is completely unheard of in the history of hollywood. They probably dont repeat that, and of course thats in the past, but you say to yourself what will change with the Competitive Dynamics of the Media Industry to knock disney out of the top position. And for me, its really hard to figure that out. Im not quite sure whats going to change. The popularity of their films has never been greater and theres no kevin there it was all old content they have two or three new shows. Then he think about the things like cord