Discovered new Software Issues and financials outperforming ahead of the stress test results. Joining for the hour to break this down is josh brown. I asked you what the key stock indicative of this market is and what people are watching you said gld that was surprising. I thought that was a private conversation, sarah nothing is private with me. I said gld because it trades like a stock and the dollar doesnt but what im really getting at i really feel the dollar is at a very critical level and i mentioned it was kind of sitting on support i think what the dollar does next from here could have big ramifications for everything from earnings estimates to emerging market stocks. It keeps weakening here. It hasnt broken down since trump has been president its been fairly strong. Some would say too strong. I know he would. For sure. You asked me what are people looking at and focused on, believe it or not its the dollar again gold is huge fiveyear breakout and breaking of the down trend is
The Halftime Report with scott wapner starts right now. Welcome, good to have you with us on this friday, our Investment Committee at the desk today, josh brown, stephanie link, jim lebenthal, the chief Investment Officer at Boston Private Wealth is here, liz young is bny melons director of market strategy, anastasia from Jpmorgan Private Bank and lets begin with the broadcom story. Its one heck of a buzz kill today. Price targets cut across the board, lots of stocks in that space are down shortly, not jus broadcom, amd, lam research, micron, you pick it in the chips and its getting hit pretty hard the chips have two things working against them the first is theyre like one of the last true global cyclical sectors that exists that have any real market cap and any real size so you see a lot of people express their views about the Global Economy in those equities and obviously, the tariffs are an issue because of how much cross border work needs to be done in order for chips to be manufac
Making money. Charles President Trump Standing Firm on the belief that the United States will get a trade deal done with china, the u. S. Companies, well, a lot of them are tired of waiting, more than 600 of them including walmart and target sending President Trump a letter urging him to get something done. Edward lawrence live at the white house with more, edward. Yeah, a lot going on here, charles, no movement from trade front, we just have harsh language between the two sides and spokesman for the Chinese Foreign ministry saying basically the chinese the hong kong is a trading partner for the United States and the u. S. Needs to basically butt out of changes that china wants to make putting into question the onestate, twosystem philosophy, we can run down the list of concerns that chinese have done recently, like today the president saying he would promote steady ties with iran no matter how the situation changes and u. S. Blaming iran for using iran for attacking tankers yesterday,
Bows. Sir . Reporter youre exactly right. Everyone thought the hong kong protest issue was settled last week. Controversial bill was suspended. People left the streets. Now it is back, bigger than before, this is pushback against china and their influence in hong kong. Nearly two Million People of hong kong took to the streets on sunday demanding a number of issues. First of all release of people who had been arrested last week, punishment for police who ordered the use of force, resignation of hong kong leader lam and that secretary of state mike pompeo will raise the issue with president xi at the g20 next week. We see what is happening, unfolding in hong kong. Were seeing people of hong kong speak about things they value. Reporter the protest revived of a joshua wong, a prominent activist leader rallied the crowd after being released from prison. He was serving a twomonth sentence taking part in 2014 protest. It is time for us to the ability to step down and she will face two millio
Joining us is lindsay bell i hear you, i think earnings seeing the twoweek bounce in the market, whats happening with expectations . We are seeing second half earnings, especially the Third Quarter numbers come down a little bit this is going to be after a Second Quarter where we see a decline of 1. 4 . Thats the expectation as we all know, earnings coming in better than expected. I would expect flat to up slightly in the Second Quarter but it is all about guidance as it always is because these tariffs the numbers havent been accounted for in the second half. Broad come a wakeup call it was. Theyre expecting 500 billion of imports to be tariffed by the end of the year so we wouldnt be surprised to see more companies to do that with us for the first hour of the story. Kayla tausche has the latest, meg terrell with the latest and phil lebeau at the Paris Air Show kayla . Theres hearing under way, a last roadblock to President Trump putting those new tariffs in place on the remaining chin