The Halftime Report begins right now. Welcome good to have you with us on this thursday our Investment Committee at our table, joe terranova, jim lebben thal, John Najarian, Jenny Harrington harringt harrington ceo and portfolio manager. Lets begin on the markets stocks higher on reports of a possible detente in osaka. Kayla tausche on the ground in japan with her own reporting on exactly where things stand right now. Kayla . Scott, both the u. S. And china are trying to manage the narrative of exactly who would stand to get what if there were a truce or a potential deal that emerges from a meeting between President Trump and president xi this week. In a call held earlier this week on monday, between the u. S. Trade representative Bob Lighthizer and the vice premier of china, china was said to ask for a balanced deal, something it has asked for in the past and im told by two sources that ambassador lighthizer responded a balanced deal is not possible because of all of chinas past trans
Which is responsible for its caption content and accuracy. Visit ncicap. Org] 67 minus five. Right . Just double checking your numbers. Waldman, his caddie. Hes a good player too. Played on the web. Com tour for a long time. Know exactly ey here they stand. Last asked me a after the green if jonny had gotten in at 1 under. 179 downhill lie. First cut, breeze helping. Iron. Jim hes begging for it to get down. And it does. Hell have the jaysen day putt for the win. 2015. Ian very similar putt there to that was just holed by robert garrigus. It to win le outright. Rough. T there from the jim it was. Ian well thought out. Already has four pga tour wins. He needs to go out to the range now. Ian yeah, go warm up again. He needs to hope that hoffman twoputts. Ian and hoffman had quite the he did win at the valero texas open in 2016, to win on the final hole. About half the length of the one here, about 20 neat. Its the gary does garrigus putt. Its the putt we saw from jason day to win it two
Fear, because oil comes down or Interest Rates are coming down, bank stocks are going down sell sell sell. Or we can collectively roll up our sleeves and find out what high quality stocks are on sale simply because theyre caught up in the marketwide sell jot. Today paid off after initially getting obliterated, the averages rebounded nicely, to close down 255 points, the nasdaq inching down just 0. 39 . First lets get the negative going on. Whats really ailing the market is that all stocks trade together off of news that shouldnt produce such an how meteorology niced output. The negative goes like this something is ailing the europe banks. So are ouric banks stocks ranked to go down . Why not . Theyre acting hideously. It could be because they have more balanceoid loans than we dont know about, or maybe just theyre going down because theyre going down, the industry is collectively lying to us. They have all the huge exposure to European Banks. In other words, people are worried that the
Eyre goindownthe in collectively lying to us. They have all the huge exposure to european banks. Oer words, peop a worrd th tres systec risk, that havt yet happened again, and for the report migh not happ at all again, but w ve torscared o oour ts, because thats what we 2011 and decided to sell evyt, cause the market went count 1. There,hats the scenario plus oil is going down. We he Oil Executives chattering aut h wll hav p crude iswimmingools, becathes so lit storage spleft. I thought it was a coen but the oil futures guy realize sangero to n oithe ma bounced somewt when once again we heard prs ports i cou have said lies but th the might be an emergency oc meeting. At after crude fell. Its lowest level since 2003. The rumor was certainly right on time. Call me cynica maybe stock marks right and oi going higher, b every rur about pructi cuttg has enro, soets presume this is, too. Repe the scenario, wheit plummet fred almost exactly where it is now wn to ten bucks in a very short perio
Something is ailing the europe banks. So are European Banks stocks ranked to go down . Why not . Theyre acting hideously. It could be because they have more oil loans than we dont know about, maybe just theyre going downwnecause theyre going down, ththindustry is collectively lying to us. They have all the huge exposure to European Banks. In other words, peop are worried that theres systemic risk, that havent yet happened again, and for the report might not happen at all again, but we have tore scared out of our wits, because thats what we did in 2011 and decided to sell everything, because the market went count 19 . There, thats the scenario. Plus oil is going down. We have Oil Executives chatteringngbout how well have to put crude in swimming pools, because theres so little Storage Space left. I thought it was a funny comment. But the oil futures guy realize its danrous to own oil. The market bounced somewhat when once again we heard press reports i could have said lies but that ther