Im sara eisen look at whens driving the action higher. A thaw in the trade war again. U. S. And china resuming tariff negotiations in october. Strong Economic Data helping ease some recession fears and the s p moving back above the 50day moving average. Key technical level. Tech stocks are leading the rally. Two big interviews coming up on closing bell. Box Ceo Aaron Levie and with Consumer Staples near alltime highs kimberlyclark ceo michael hsu will join us see both interviews only right here on closing bell. Joining us for the entire final hour of trade is stephanie link. Welcome back, stephanie. Thank you. So are you a buyer on this trade rally . I bought a couple things today. I added to a few positions, nothing new, nothing big, but i think the debate will continue are we going into a recession or seeing Slower Growth i have been saying i think Slower Growth mode and a lot of that because the consumer has been quite strong. I know a lot of people talking about that i spent this w
Minutes ago. I can hear it now. You better pack your lunch. It is about personal responsibility this year. My little boys are not so little anymore and they have to do what they are perfectly capable of doing so mom and dad are taking a step back. So they can flee the nest. Are they cated to go back . I dont think they rale laze they are sitting in a class ram right now. Their summer was so great and im thankful it was. Interesting story when they were very little about paternity leave. Serena williams is stepping up to fight making paid paternity part of the land. His own personal experiences in an article in todays new york times. He took 16 weeks of leave after his daughter. Despite he is the founder of a billiondollar company and now urging congress to provide paid paternity leave for all fathers in the workplace. Can it be accomplished . First, i lake he took that time, but he tack the time, because he could afford it and a lot of moms cant afford as well. It is good to get it out
The upside. This is down to wall street, partly traders getting wages on that. The fed hiking rates. This whole talk of chinese stimulus is rekindling some of that risk sentiment. We are talking aboutas far as the bond market, we have a steady picture for treasuries. Weve got the 10 year yielding 4. 6 , where we were yesterday. Weve also got an open in thailand, having a look at bangkok and seeing what is at the start of the trading day. Its a by. 25 . Seeing a pushback taking place with the recent stimulus plan. 15 billion handout in thailand from the new prime minister. Some of the Rating Agency suggesting that if they dont get growth out of that, they may be looking at a downgrade. Its about digesting that, its continue to strengthen. It by nearly one barth in the last week. The fed speak, it is center stage. Speculating that the central bank will hurd well head to another pause as far as Interest Rates go. We are on track for a soft landing. Inflation has come down quite a bit. The
20 at 35 its the highest in the industrialized world at 20 were on the very low side, so well be very competitive. You look at china. Thats 15 other countries are 18 and some are 23 , 24 the average is actually of the primary competitor is actually 23 . So well be pretty much below the average, and well be able to compete, and despite all of that and despite before we even get this massive injection, we have a stock market that has hit record highs, 81 times since our election victory 81 times its at a new high right now unemployment is at a 17year low. Very shortly its going to be at a 19year low. We think the numbers are going to continue to go downing and we are also getting into the pool of the 100 Million People that are not working. That pool is now coming back as you know, thats not considered in the low employment numbers which means we have a lot of people that want to get to work and that will be working. Consumer confidence is at a 17year high weve created nearly 2 million j
Sector down, not much, but still down utilities, real estate and healthcare are leading the way let us start with oil. Heres the thing, pete weve been here before if youre lock oil, youve had your heartbroken a few times. Yes, i have, indeed. Is this time different . I feel like it is different and the reason i say that weve seen so much options as of late. By the way, yesterday was the lowest volume day in the options for the entire year of 2017 if you exclude some of the half days that weve had. Weve seen paper flows very, very indicative of where the directions are going and seen it in energy time and time again and this time the size and the mass in which they are coming after paper in the xlp, in the xle, in individual names like halliburton and some of the rest, weve even had some in the services index, the oih. Which is up by the way. Right, and it encompass eds, you put in schlumberger and halliburton and thats 35 of that index so you know its fairly narrow, but the energy spac