Smiledirect begins trading as a public company. Should you buy the stock today our Investment Committee weighs in and caterpillar shares getting a down grade its our call of the day Halftime Report starts right now. Welcome back, everybody. Thanks for joining us here today, the overall market doing well headed for seven in a row. Up 121 points and longest streak in a year and smiledirect just opening moments ago as carl, morgan and john just showed you. That opening not what the markets showed down 14 at the moment and off 3 bucks. A lot of optimism going in on smiledirect. The head of the ipo saying it is trading well or bullish upside potential. That is certainly not the case smiledirect sdc a new issue down 14 right now. All right, lets go now to the macro set up stocks there higher on trade headlines and easy move by europe central bank. If we do close higher on the dow, like we said, lucky 7 7 higher sessions in a row and longest streak in a year your stat of the day, nearly 100 o
About their role there seems to be some debate about this good morning, welcome to squawk in the street im carl cantonia. At the cnbc, they are delivering at the conference in new york city that was sec jay clayton as you saw. Moments from now, kobe bryant, the basketball legend quickly becoming an investing legend we will talk money in sports, futures in a tirade full of economic data. Of course, delivering alpha. The big story today, a number of heavy hitters at the investors summit a pretty good discussion about the nature of our Capital Markets these days yeah, i mean, look, one of the things we are all trying to figure out is in relation whats going on with the fed, whats going on with business as a force of change. Thats something that andrew is bringing up. Bring up at the Business Roundtable which is very interesting. Its a month or so already right things have Securities Exchange commissioned. Im curious to hear what mr. Claytop had to say. Thats what people buzz with me to fi
Francine good afternoon if you are watching from asia. This was a couple of days after the news from the saudi attack on the infrastructure of saudi aramco. Bank raised its benchmark rate to 1. 50. They had flagged they would raise rates. Wereeason why people questioning whether they would do it is because the World Economy is more uncertain than a couple of months ago and you see a lot more dovishness from the ecb and the fed. Toit is quite difficult raise Interest Rates in this kind of environment. Eurodollar at 1. 1, and because it has been a very big week in oil, we have a look at the oil price. Norwegian krone on the back of raised, having a significant move to 9. 85. , we speak to the governor of the norwegian central bank. Dont miss that interview just after 10 30 a. M. London time. Lets get straight to bloomberg first word news in your city. New sanctions against iran are coming. This is from President Donald Trump in response to the attack on a key oil facility. Michael pompeo
But a buy here and now does microsoft hold the key to new market high sns guy what do you say. First of all, you have to you know, we criticize dan on twitter. Really. He is criticized. Dan. Why. Why is he criticized on twitter. For being do youwers. But cant coined maga we can fire the graphic at the top of the show. Dan does know a lot. The maga trade. Yes. And look at the m. In maga as we know is microsoft so. Some hat. On straight valuation price to earnings its expensive look at the last quarter i mean, eps beat was significant. The revenue beat was amazing azure grew 64 year over year. Operating margins 230 basis points better year over year its hard to cast aspersions yes trading yall alltime high. People make a big deal of the 40 billion. I want 4 of the market cap, not insignificant. Answering the original question it can rally into earnings mr. Maga. What is a i. You from a trading standpoint, the stock broke out in early june about 130 basically trading between 130 and 140 s
This information it is as you said big deal its not going to happen immediately dont expect that the probation of parliament will go ahead tonight for 5 weeks this will happen sometime after part returns on october the 14th. Thank you for the update jonah how in london. The peace talks are underway in south sudan between the president and the exiled rebel leader reg mashad which i landed in juba on monday to sit with president salva kiir a meeting seen as an important step towards the implementation of a stalled peace deal member at least 400000 people have died since the countrys civil war started in 2013 after salva kiir removed as Vice President s. Thousands of School Students have been forming human chains around hong kong in solidarity with antigovernment protest as authorities are condemning what they call the illegal behavior of radicals and ive warned to demonstrators to stop trying the patience of the government. From friday to 5 pm am today we arrested 157 people aged between