Big divergence energy and tech not gore man 1 . Health care down more than 1 . Joins us for the full hour jay jacobs good afternoon to you. Thanks for joining us. Whats your takes on the diversity of trade today micron kind of a bellwether . Yeah, what we are seeing in the semispace is a comeback from noo. Whats the best way to play that there have been some hopes what we like the most are Pipeline Companies they dont get paid on the pril of oil, but how much oil is transported through the system its becoming one of the Biggest Oil Producers in the world lets get to all of the stories. Bob pisani is here, jon fortt is covering microns big jump saryers has earnings from generl mills. Bob . Its about oil and Interest Rates. We had a strong drawdown in crude inventories, one of the best we have seen in many years. Thats driving oil prices up, Energy Stocks, including all the biggs production names are up. All the big refiners like marathon and valero also to the up side. The other big sto
Is there a misprice in the market half ha the Halftime Report begins right now. Welcome, our Investment Team at the table today kourtney gibsons back, the president of loop capital markets. Also with us, the head of u. S. Equity strategies as jpmorgan. We begin where we usually do, the markets. Stocks looking to build on their gains in june. So much riding on whether the fed will cut Interest Rates or in the very least attempt to signal in their next meeting next week. Steve weiss, 2 from highs on the s p. Can we get there without a rate cut or signal that one is coming absolutely we can get there the market is trending up. The down days werent really down they were sort of nonevents. Up days had been much more significant. The market just wants to go higher, thats the bottom line look, it all comes down to trade. Thats the only thing that will matter as long as you get any breath about the market being positive, as the president last night, hey, i have no deadline for tariffs, the mar
S p 500 hitting record levels. Were about ten points below our intraday high. Trying to close at a record high for the first time in more than eight months all three avrnls on track for a Third Straight week of gains we begin this hour in washington President Trump explaining why he called off a strike against iran just minutes before it was scheduled. Eamon javers has the latest from the white house. Thats right. The president sat down with chuck here and went through his thinking last night as he contemplated the idea of issue ing the order to begin this attack on iran heres what he said. I said how many people are going to be killed sir, id like to get back to you on that. Great people, these generals came back, said sir. Approximately 150. And i thought about it for a second they shot down an unmanneded drone, plane, b whatever you want to call it, and here we are sitting with 150 dead people that would have taken place probably within a half an hour after i said go aahead and i di
From Stewart Frankel welcome, steve thank you are we going to end the sixday win streak here . If we did would it be a shock . And its still plenty of time for us to turn around, turn green. We bounced about 6 off the lows but we are not overbought. So to your point, i dont think that we necessarily have toned today but its a good stop to say lets take a breather, were still above all the moving averages in the overall market about 10 handles lower in the s p cash but i still think were on good footing. Is 2900 a tough footh for the s p . It is because its a big fat round number so i think the 2954, the alltime highs, thats the tough number you have to worry about, not the 2900 lets focus in on the big stories we are watching. Bob pisani has whats driving todays market which of course has been up and down ylan mui is watching a tech antitrust hearing on capitol hill and phil lebeau is covering teslas Shareholders Meeting bob, lets start with you. Lets take a look whats going on its ver
Escalation tensions with iran, that President Trump called a strike moments before it was to be carried out. How long will the pause last . Well go live to the white house. The president will meet with chinese president xi xinping next week. So is the end in sight to this long trade war . We have Top White House advisor Peter Navarro will join me in a moment. All that and so much more on making money. Charles so the u. S. Is weighing options how to respond to the iranian shooting down of an American Military drone just two days ago. President trump confirming he called off a retaliatory attack because of the number of expect casualties. He said it was not proportionate to what tehran had done. He also said sanctions against iran are biting and were adding more last night. Blake burman is trying to track all of this. A lot to keep up with, but exactly these sanctions, you know, that the president is referring to, how have they changed . Reporter were still trying to figure out exactly w