Check out your 401 k s because the rally is back on dow up nearly 200 points and were closing in on 29,000 lets check out boeing heres a stock up as much as 3 on reports that iran may have been responsible for the downed plane this week. Initially, the reports were that it was a Technical Glitch or engine failure those reports have been a bonus to boeing. Well have more on that in a minute contessa, thank you very much earnings season is the next hurdle this market has jump and it starts soon lots of hopes being rested on the you are quarterly reports. It starts flooding in next week led by jpmorgan, wells fargo, citigroup, obviously the big banks leading the way. Bob pisani joins us with more. The good news is that we are continuing to rally even today because the markets are starting to believe this magical combination of a strong u. S. Consumer, a trade truce, a friendly fed and bottom line Global Growth will produce an expansion of earnings in 2020 after a flat 2019. The bad news i
Season trade came of an awful lot 18 times for those of you counting with participants noting that uncertainty continue to pose some risk to their outlook. They express concern about actibasi activity in manufacturing. Some participants commented on challenges to the energy and Agriculture Sector a couple noted that farm offsetting on farmers. As for risk, many saw it tilted to the downside. Some eased trade tensions with china and the probability of a no deal brexitlessen brexit lessened further. Some concerns were raised that keeping Interest Rates might encourage excessive risk taking in the financial sector. Some said it could be useful to cushioning the global economy. They struggled with how to phrase the 2 language some thought saying quote near 2 could be misinterpreted as suggesting that policy makers were comfortable with inflation running below that in the end they used both of those terms. Just couldnt decide. Thank you very much. Were going to turn to the other big stories
Limits on u. S. Portfolio flows into china by delisting companies here in the u. S. The nasdaq is down by more than a percent. Take a look at the chinese stocks alibaba sitting at session lows down by five and a quarter percent. Eamon has been following this story and joins us reporter my understanding is those reports that cross earlier today got the markets attention are accurate the white house is considering measures that would limit port po folio flows from the United States into the Chinese Companies but and theres a big caveat here. Its a lot of different ideas on the table. Its not clear when a decision would be made or what that decision would look like or what the mechanics of this would be how could this play out in theres one option already out there thats been under discussion thats a proposal for a number of senators. You see them here including senator marco rubio of florida called the equitiable act. What that would do if passed is allow u. S. Regulators to have access
Rule. Back to you, cracker. Thanks, andy. Lets welcome our guest. I am here with joanne nosuchunsky. No clef no clever introduction. I usually have something clever to say about you. She is fantastic. I know what you are thinking. This guy is not your High School Gym teacher. It is comedian greg stone. Welcome back, america. Moynihan is best known for breaking the story on fabrication. To put it another way, he is unknown. Thats true. Columnist at the daily beast. And his punch lines hit harder than at a family reunion. Lets start the show. Read his lips, no funny hats. Ted cruz was the big winner in wisconsin on tuesday despite refusing to wear a cheese head hat. Earlier in the day while touring the mars Cheese Castle cruzs daughter did something unscripted. Thats awesome. It is a little spicy so you may not like it. Would you like to try some cheese . She doesnt like jalapeno. She doesnt like jalapenos and he doesnt like funny hats. Someone asked the question on everyones mind. There
Shillue red eye staff. Back to you, andy. Lets welcome in the guests. Im here with joanne and no clever introduction, right . I know what happened, joe app. We usual are will i have something clever to say about you. You are fantastic. I know what you are thinking, this guy is not your High School Gym teacher, it is comedian greg stone. Welcome back. And according to the morning bistro moynahan is known for breaking the stories on fabrication, or otherwise, he is better known as unknown. And his punchlines hit harder than Christian Bale at a family reunion, sitting next to me is comedian joe di veto. And read his hats no funny hats. Ted cruz was the big winner wisconsin tuesday regardless that he would not put on a cheesehead hat. Cruzs daughter did something completely unscripted in keno a kenosha. That is a cheesehead. Well, that is awesome, and this is is spicy and you may not like it. [ laughter ] perfect size for you. Oh, so, would you like to try some cheese. Well, she does not l