Rosengren. And speaking of the fed, yes, there is more. We have an exclusive interview coming up. Loretta mester is the president of the cleveland fed right after the close. Joining us for the hour is charlie with aerial investments. Was this a big sigh of relief after the data from earlier in the week yeah, you know the markets was really nervous about a recession. Thats the conventional wisdom in the market. Theres a lot of evidence that bulls like me keep pointing to that were not, but you can see when we get even a soso number, the markets react very positively Services Growth is slowing and thats the point of contention right now, is does the manufacturing upset bleed into the consumer . And it does, you have a problem. You had a very strong wage growth its not even the fact that unemployment is going down, its that people feel secure in their job. Its a tight job market. People are not worried about losing their job theyre spending more and were still 70 of consumer economy. If t
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this great rotation talk to us about that. The rotation is coming out of growth into value. How long does that last is how long the market will be under pressure and for now, it probably will last a little bit longer, but get a trade deal, throw everything i just said out the window and you see everything rally back people are making the analogy back to 09 and 2016, with this rotation that lasted for a couple of weeks. I dont think it will be that long do you really think were going to get a trade deal
Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
It really is a mixed picture here the dow is up 49 points, so well off the highs of the session the s p is down fractionally right now, but keep in mind, we are still in striking distance of a potential record close. So the next hour is going to be one to watch closely joining us for that hour is Michelle Mckinnon from Payne Capital management here at post 9. Welcome. Thank you what do you think of this market here . Were poised for gains for the week for all the major averages, but the russell 2000 and the transportation average are both up 5 , week to date. And so are the banks, like you mentioned. What im really looking at is the bond market. We started the tenyear treasury at 1. 55 for the week and now were up to 1. 88 and the longterm treasury are down 5 for the week thats basically two years worth of coupon that you lost. Wow do you think thats going to speak bond holders, that it could go worse than that or not . You know, i absolutely think rates look like theyre going higher h
Politically, saying that you want to break up the companies feels nice, right . Its like, okay, there are issues lets just take a big hammer and go do it but i just think the reality is, we want to be we want to make sure that the things that we do actually address the problems. Well, joining us now here at post nine, bob pec, now chairman of Global Internet banking at barclays thanks for having me. Congrats on the new job excited to be there so lets talk about facebook and social media writ large. Because its interesting facebook has done okay over the last quarter i think theyre up Something Like 14 snap, meanwhile, which a lot of people had given up for dead, up more than 30 . So whats going on in the sector whos winning, whos not i think its important to level set the general markets. The s p is up about 17 give or take nasdaq is up about 20 , give or take yet the f. A. N. G. Names as a group are up about 20 give or take and i think yeartodate, snap is up 150 or so so youve seen St