Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
Trust me, there was a deafening sea of orange filling that stadium last night and cheering on the broncos. Now, everyone is waking up to this champs. A supersized super bowl 50 celebration for the Denver Broncos, defeating the carolina panthers, 2410. 39yearold Peyton Manning now a twotime champion is the oldest quarterback leading a team to victory. I just feel very, very grateful. Is this your final game of your career . Ill take some time to reflect. Reporter credit also goes to the tough bronco defense, stopping the panthers from scoring. Its on the ground and still on the ground. Picked up by t. J. Ward at the 4 yard line. Reporter time and time again. And jackson and then ware. Reporter with von miller named mvp. Bright and cheerful. Special guests in the action. And this years commercials went to the dogs. Many chooses to feature adorable this moment, though, belongs to broncos fans. Reporter celebrating here and on the streets of colorado. The team excited to take the Vince Lom
This fire. Live in brookneal, katie brook, abc 13 news. We have just learned prosecutors have rested their case in the trial for ashley white. White is charged with felony child abuse and neglect. Her fiveyearold son noah thomas was found dead in a septic tank four days after he went missing. In opening statements, prosecutor told the court white admitted she lied about leaving her children at home. There was a lot of discussion during testimony about the septic tank and the lid. Investigators testified the lid was on the tank when they look for noah. The defense has motioned lack of evidence. The judge is considering that motion. Lets take a quick break and check in with melissa le fevere. It is valentines weekend. What should we know . Melissa everyone is going to want to bundle up. Valentines day weekend. Theres a live you. Clouds over Liberty University right now as everybody is heading toward the lunch time hour. A quick check of your weather. Were seeing overcast skies with tempe