Points after a rally that saw all of the major averages up do you up by 227 points. S p up by 21 nasdaq up about a percent at 85 points a lot of people muling through and looking at some deescalation it still continued but let up a little bit trade looks like a sidelined issue or better. Much much lower but rising that made people feel like they didnt have enough exposure. The dow is up around 2,000. Russell 2000 is up first it is a catch up and then lets see how far we can stretch it overnight, with the headlines of the latest concessions, the s p futures shot up. We are up six or so percent. If we wanted to, we couldnt make new lows or deals it is fairly far away. You are in this zone. You have a cushion below you see the 10year 1. 726 it is good. It is good it is good always a good side, bad side of things. In asia, we did see the president tweeting about postponing tariffs sang high composite ended up in europe, if you look at what is happening there, right now, markets have barely
Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back why was it a hawkish cut . Because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out yesterday about the dissenters and i totally agree with you on that heres the quandary. The Economic Data in the sfats is not bad we had great housing data yesterday, pretty good data on housing, i. P. , retail sales. Jobs continues to be good. So if he
Term the dow industrials about a half a and the nasdaq leading the way in percentage turns up more than he feared nobody, he feared no three quarters of a courtroom battle boeing and apple jumping he was remarkable. Nearly 3 . More than that in the case of he could place these big bets. Boeing we will have more on those moves this is a story a lot of people later. Kelly. Thank you very much may not know the first bill is the hardest. We start with a major announcement from the white a lot of people may not realize, house this afternoon, the fda boone was close to bust over a moving to crack down on e decade ago cigarettes he had lost much money his hedge fund was bleeding cash bad debts, and i cant remember the year, but he went all in on the president called reporters into the oval office a natural gas debt for a meeting, in order to lay i think it was the year 2000 or out his administrations plan. 2001 every time he had, which wasnt much at the time, on the table and he turned it wit
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look
Role as an fbi agent and h her online show where just about everything is on the table. Its wednesday, august 14, 2019. Heres your eye opener. Your world in 90 seconds. China moving toward its border with hong kong amid clashes with prodemocracy demonstrators and the police. Hong kong on edge after protests turned violence. Many young people are ready to sacrifice themselves. In a federal jail where Jeffrey Epstein reportedly died. Security guards reported they checked on epstein. This is just not acceptable. Pof a shooting that left nine people dead. The executive in charge said it was a targeted attack. Trump is backing off on his tariffs on china. Severe weather left a major impact on parts of the midwest. Strong thunderstorms and several tornadoes. I just had lunch with someone who was a real opren gayle king and her fri lady o. Thats a compliment. And all that matters. Cbs stands behind chris cuomo despite an expletive rant caught on tape. He was like, if i wasnt in this box, i wo