Charles the economy continues to be a lot stronger than the expert consensus. This morning gdup 2. 1 , beat consensus. Durable goods up. 6 a percent, beat consensus. Business investment crushed consensus. What does it mean for the markets . I would like to bring in fhn financial chief economist chris lowe and jack ablin of crescent wealth management. Let me start with you. Economic data continues for the most part coming in better than anticipated. It does the same experts. You are part of the expert pool. Say, of course it came in better. The gm strike is over. Of course it came in better but im just, i find it remarkable, it feels like it can continue . It does. And i think thats, if you take a step back, think about how the story has changed in the last three or fourmonth, the biggest thing is we were talking about recession, right . Will it come before the end of the year . Is it a 2020 story . Nobody is talking about recession anymore. The economy is fine. We are growing and i kno
This calendar year 2019, the nasdaq composite has gone up a shocking 27 , that reflects the money flowing into americas giant Technology Companies that dominate worldwide. The average gains of the s ps 500 companies this year, 23 , the 500 Biggest Companies with an average stock price gained 23 in less then 11 months. Look at how stocks open this tuesday morning. The dow will be up 40 points, it will be up much more than that if it were not for home depot which is a dow stock, down sharply. The s p up another 7 points. Look at the nasdaq up 27 for the year going up another 1 2 , 35 points higher. What a day, what i year. Make no mistake, we think the enrichment of america is more important than the charade called impeachment and todays show will reflect that. We are asking dow 30,000, lets get on with it. Varney and company is about to begin. Lets get to home depot. It will drag on the dow today. It is a dow stock, reported its earnings earlier and the stock freemarket down 8, 3 . Ashl
A sham. All that and more on making money. Charles how many millions of americans find themselves every morning drinking in starbucks, say one of those machky machiados, posts on facebook . Maybe youre one of them. If you dont own the stocks, they can still be great invests f the answer is yes, well find out from our expert david dietze, point view Wealth Management and mitch rochelle. These companies have been around here for a long time. They use it. It is ubiquitous in our lives. Many people are not in the stocks mitch. You mentioned important word. Those are Consumer Products. Maybe starbucks is more tangible than the others. The fact of the matter they are ubiquitous. We see them and touch them every day. The future of commerce is through these type of platforms. It makes sense through the gdp print. All about the consumer. Making sense these are lining up. Charles consumer came in better than expected. Income up more than savings at 3. 8 . Not only consumer powerful, making more
86point gain. S p and nasdaq also looking to be higher at the open. In other news, lebron james is trying to do damage control after criticizing the Houston Rockets general manager darryl morey for his comments on the hong kong protests. Wait until you hear what lebron is saying now. The democrat president ial candidates are in ohio for their big debate tonight. You can bet they are going to rip President Trump and promote their far left policies so how will that play in ohio, of all places . We are on that all morning long. And we have a lot to go at this morning, including Mark Zuckerberg meeting with some big name conservatives, walmart delivering groceries right to your fridge. That and so much more. Varney company starts right now. Charles hey, go happy birthday to you ashley go, baby, go. Charles stevie wonder, folks. Classic happy birthday in honor of fox business. Its our twelfth anniversary. The Network Launched 12 years ago today. Golly, time flies. We are of course thankful
Even when there is great news. We have a tentative deal to break the strike between the uaw and general motors. Tentative truce between china trade war. We have tentative deal for the Great Britain to leave the eu fox businesss Benjamin Hall live with the very latest. Benjamin . Reporter charles, youre absolutely right. Tentative. The hardest part of this deal we have so far what is being ratified by the european parliament, deal between 27 european states and uk. It needs to pass through the british parliament, something theresa may couldnt do after three attempts. The fact is, there is a vote coming up on saturday, when they will see to push that through. At the moment it doesnt seem if Boris Johnson has parliamentary numbers to do that. That is because his Northern Irish allies, the dup, do not support the deal as they currently see it. They dont like the deal on Northern Ireland. Nevertheless today Boris Johnson was sounding upbeat. For us in the uk, it means we can deliver apreal