Ss . The Trump Administration promising help for businesses big and small affected by the coronavirus outbreak. The cruise industry, will it be first in line, hat in hand, after getting soaked yesterday . Cruise line stocks are still getting buffeted by wild investor winds this session with major names halted multiple times in hopes of the government throwing the industry a life preserver. One of the worlds leading Infectious Disease experts faces off against cruise industry guru the cruise guy. He says cruise ships should not be taking off at all until the virus is better understood, while stuart says he would jump on one and travel the high seas right now. Stay tuned for that debate. One of the most respected Bank Analysts in the nation waved the warning flag on bank stocks five weeks ago. Dick bove way back on february 3rd said stay away from Financials Due to this mystery virus that appeared to be spreading back then in china. Dick is back today in a fox business exclusive. We will
We get answers and love, exciting and new its in the air this valentines day. But wall street is sweet on a couple of stocks. Nice. Will they be lasting romances or are investors flirting with disaster we are doing a like or not, or hot or not like a would you rather. Swipe. Left or right, whatever it might be we dont care. All that ahead but we start with some big breaking news on the biggest name in investing. Who else but Warren Buffett. The latest filing from Berkshire Hathaway showing outsize moves from omaha her here is the rundown to berkshire started new positions. Kroger getting a pop 18 million new share stake over the quarter. Biogen over the new stake. And berk shir bought the spy and the voop ber berkshire remember it it could be warren, todd combs, doesnt mean warren himself. Berk shir raised stakes in general motors, occidental petroleum. Resortation hardware and sun core energy. By my math he sold a massive 60 some million share stake in wells fargo and trimming Goldman
500 infotech index up 48 , and the energy index was the least best performer. It still was up, though, which tells you how much these markets were looking for good news. The second best performer, Consumer Discretionary in the s p 500. That includes home depot to amazon, ebay, even general motors, so really across the board, it was a good year. For more on the markets more broadly, we are joined by ing head ofvey, global debt and rate strategy. We widened the curve with a bit of steepening going on. To what do you attribute that . Been a really interesting move. We were inverted six months ago. Happened is the fed has cut 75 basis points. Theyve injected a mountain of liquidity into the system, and theres been a real change in sentiment in the sense that six months ago, we were genuinely concerned about a recession in the u. S. Next year. Have beenerns significantly downsized. Theres still trimming this uncertainty, and we so have a very flat curve. If you look at the twostens, it is n
David when will we hear the arguments . They are in resets until they are in recess until tuesday at 1 00. What happens until then . Firstwe will see the response from the white house to the Senate Summons by 6 00. By 5 00 tomorrow, the house will have to file its trial brief. The White House Defense team then has until monday at noon to file its trial brief, and by monday at noon the house to respond to the white house summons. Then by tuesday at noon, the house to respond to the white house trial brief. We could get a huge amount of documents between now and the start of the trial at 1 00 on tuesday that reveal exactly how the president s team plans to defend him and how the house plans to prosecute their case. David as i understand it, the senate has not yet decided the rules they will follow. Mitch mcconnell will dictate it. They have to vote on it. Is that what will come up first at 1 00 on tuesday . Anna that is our expectation. Looking for the resolution from mitch mcconnell. Wh
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0