Youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. Were up for a second straight day but hold your breath maybe things will change tomorrow. You cant get obsessed with it you have to either have to be a long Term Investor or day trade. Very difficult at this point look trade is obsessing everyone i cant wait for earnings. Im super excited to talk about banks. Im watching technology today. Technology is 26 of the s p 500 waiting. We have gotten a couple of surveys in the last couple of days that suggest i. T. Spending is slowly. 4 this year, 3. 4 next year you have to start to be more selective in technology. Again, a big component of the s p. I still think you want to be in semis, cloud and security. You want to be very specific on software and hardware. We had a lot of calls cash coming after the close last night two days in a row of gains and almost all sectors positive both days so within
Easy philadelphia victory, i decided to take on a number of twitter followers who insist that anyreality from these levels is entirely phony a move based on easy money from the Federal Reserve and a j gigantic budget deficit. Therefore they say its all false. It has to end badly. I read all these thoughtful 280 character or less arguments, and they all have one thing in common they hate the market see this as a gigantic house of cards thats waiting to collapse the dow lost 92, well, some of it, the s p shed 0. 5 . Theres one huge problem with this world view, history look at this, i got in this business in the fall of 1981 with the s p trading at 120. 120. Its now at 2,938. The dow, the dow was at 85 6. Its now at 26,478 if this isnt dispositive, i dont know what is i dont know if youre a short seller it seems unfair that there could be a moment where the feds propping things up and theres a gigantic budget deficit, perhaps with a liquidity bubble, but thats just not how it works peopl
Collins and other and i age leaders testify before House Appropriations subcommittee on funding and research efforts. This is about 21 2 hours. The subcommittee will come to order. Thank you very much and apologize for being late. They take on a life of their own. I wanted to say good morning, welcome back to labor hhs, appropriations subcommittee. Let me say thank you on behalf of of the subcommittee for hosting members of the subcommittee for the site visit at the nih campus last week. We had a wonderful opportunity to learn more about nihs work, we learned about researchers working to develop treatments for major depression, shrinkage free cancer tumors in children, we heard from participants whose lives have been changed by Clinical Trials so it was a moving and informative experience. Let me welcome our witnesses including the five Institute Center directors who joined us today and in addition, always a great addition doctor Francis Collins, director of the National Institute of h
Minor deal that would be open. As far as no more tariffs would be open as far as two more rounds of duties in return, they said they would be open to things. Speaking on the background in terms of noncore recession saying they still would not budge. That was an official speaking to one news source. Lets take a look at what would happen in asia the nikkei came under pressure hang seng down about. 8 and shanghai am coup about. 4 markets go up or down based on what rumor or headline at any given point on these trade talks scheduled to begin tomorrow in the United States. In europe, the bachl dax is up y about 1 looking at the treasury market, yields are higher. The 30year, a little higher than where we were yesterday the twoyear sitting at 1. 44 . Eunice yoon joins us now. Did we sleep last night. We look horrible without these thanks for pointing that out. Mine is too bright. We are going to toss to eunice ill tell you what way was thinking about on my way in. Did you hear about how many
New product. Should you buy into this run analysts getting more bearish on netflix. The Investment Committee is ready to go. Halftime report starts right now. Sounds like a good show good to have you with us on this wednesday. Your Investment Committee. Mr. Joe, john and pete and michael farr, ceo of farr, miller and washington. Maybe you guys got out at wilmington together. Your main headline china reportedly open to a partial u. S. Trade deal despite the fact that this headlines been out there for about 18 months, stocks are marching higher on the news the dow up triple digits first gain in three days up 172 i say that a little tongue and cheek. Jobecause you know what i mean china has said theyve been open to a partial deal for a long time i dont know why the market is reacting on the news other than maybe it came from china thats exactly why. Because it came from china instead of the president tweeting about it. Thats one of the big positives there. And of course, we had the fed ye