China, which has chinese stocks bouncing today weve also got another big announcement as well dont miss the debut of a new segment here on closing bell today. The market zone is coming up into and after the close well bring you the stocks and stories every investor needs to know and it will look a little different as well. Joining us for the hour is mark tepper from Strategic Wealth partners mark, thanks for being here. Thanks for having me. Looking at the dow today, were up 154 points. The s p is also hovering right around 2980, it looks like a decent last day for the month of september as we head into these final three months of the year, what are you watching the most closely . I think the biggest catalyst right now is a potential trade deal all eyes are looking on this meeting next week between the u. S. And china, because if you think about it, its really, really difficult for ceos of publicly traded companies to execute on their growth plans if they have no visibility as to what
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
Power lunch tarts right now. Intellectual leadership has been in the has here. Hes looking for ideas that good day, welcome everybody your money just keeps on growing, the dow, the s p, the Nasdaq Record highs yet again. Day after day, the s p and nasdaq have not ended on a down day. Work. So far this year bob pisani is at the nyse smallcap stocks also joining with the staggering stats and look at what is at stake for what will be a very big earning the party today at least same goes on for transports, up about a third of a percent season you would think it was time for a pause, and six straight up the tenyear spiking well above days we have some amazing statistics. At the close yesterday but wait a minute, its going to be even better well get you the numbers in a 2. 5 that is the highest left for few moments. With the winning. Crude since early may of three ec, thanks, robert, my old years ago, 2015. Producer for those stats im concerned about really high expect ache. The numbers are
Chuck schumer is headed to the white house for a meeting at the president s request. Kevin cirilli is on capitol hill with the latest. Could we expect a breakthrough . That is what both sides are hoping for. Upperp democrat of the chamber is at the white house, meeting with President Trump. Get to ato be able to deal with republicans. The follow is continuing this morning from republicans and democrats as the midnight deadline looms and there is a shut down on the table. The Trump Administration is calling this is the schumershutdown. Democrats are pushing back, ype of daca some t deal be included. Lawmakers of both parties suggested this will come down to the wire. The idea of having a shortterm deal that would keep the government open for a couple more days might not be what the administration is hoping for, particularly with the president s travel plans to davos. Saying,he democrats are we have to have this in this continuing resolution. Vin that has been where the battle lines are.
And with the s p 500 gain, too, we are looking at another weekly gain there. The best weekly winning streak of the year. Pretty impressive. Lets look at one of the drivers for this impressive amount. The earnings season, the Third Quarter earnings season. Andopped into the bloomberg look at g btv 26. The companies that have beaten estimates 2346. The companies that have beaten estimates. Season is likely to be a talent because the expectation was for yearoveryear growth of lust and 2 . 75 ofseeing that with the copies that have reported in the s p 500 so far beating, and it gives us a tailwind for the s p 500 and the nasdaq. Lets take a look at some of the tech winners for the nasdaq. All of these companies, as you can see, absolutely soaring, putting up huge, huge Third Quarters. Both microsoft and also that at alltime highs. Intel at its highs level since 2000. It seems the cloud is helping all of these counties. Microsoft Beat Estimates for the legacy units. For amazon, the cloud wa