A shortened session tomorrow and were going to watch this news, whatever it is, as it is halted, currently for news pending comes on the heels of front page story in the times today, which says a couple of different things, one, he was dressed down by the faa chief earlier in the year told not to ask for any favors and says the halt of production of the max in their words is one of most consequential decisions in the companys 103year history. We dont know what this news is, jim, probably wouldnt surprise many people if it involved mull muilenburgs tenure. His top priority has got to be getting along with charming and sharing and being transparent with the regulators. I would have thought that would be Crystal Clear the day of the first crash. How did it reach that juncture shocking one thing he says is dont ask for any favors was he expecting him to ask favors that is not a good situation to be in. Thats just one small way, part of the way, this crisis has been handled for the last yea
Concerns over production of the 737 max jet. And positive news on the housing front, as home builder confidence jumps to its highest level in two decades coming up next hour, former treasury secretary jack lew will join us to discuss trade and the economy. You do not want to miss that and with us for the whole first hour of theshow, dan nathan from risk reversal advisers. Dan, good afternoon. Thanks for joining us. Great to be here. More optimism on trade or whatever you want to put it down to is a lot of this news not already out there . Are you surprised to see ongoing rallies to new highs yet again at the end of the day, you like to see followthroughs. So friday, we had a muted react. A lot of investors expected some kind of surge, similar to what we had at the end of 2017 after the big tax cut. A lot of this was priced in. I think the continuation of last weeks rally into this week is obviously pretty establibullish. Also fairly seasonal as we are looking down the barrel of a week
Today. Im at the boeing post, where that stock is rebounding right now. Up 2 . Weve got more on that in the meantime, the rest of the market hovering near alltime highs. Weve got 59 minutes to see if we can eke out a new record. Yeah, but just losing that momentum, morgan, in the last few minutes, now red on the a s p 500. Im wilfred frost. Good afternoon to you. Lets look at whats driving the action some trade pessimism as we got news that phase i of the u. S. Trade deal may not be signed in november, as planned Solid Earnings reports from merck and pfizer helping give the Health Care Sector a boost, but tech has turned lower with disappointing results from alphabet and grubhub, driving the nasdaq lower also to come today in our beyond the bundle series, we will get the details from at t about their new hbo max service and well also speak with one of the disrupters in the mccollum the interview coming up on closing bell. We are just negative for all three of the major indices of cours
Melissa, kelly, and yours truly, were now at session lows as you see right there. The dow off more than 300 points kicking off the week in the red. Energy financials the worst today check out the big names falling to fresh lows. Trip adviser, macys, pfizer, kraftheinz hitting a record low today. We begin with the turmoil around the world as the trade war between the u. S. And china rages on escalating tensions in hong kong are adding fuel to the fire aman is live with the latest. You get the sense that theres increasing pessimism among some on wall street and at the same time you see this increasing tension in the streets in hong kong over the weekend. Heres the pessimism piece of this this came in the note from Goldman Sachs yesterday. They are changing their 4th quarter growth forecast to 1. 8 . Thats a modest change to the down side they say its caused by sentiment and uncertainty. Also they say contributing here financial conditions and supply chain disruptions from the on going tr