Record highs were only ten days ago. I continue the watch bond yields as yields sink so do stocks. As yields come off their lows stocks follow. What are you watching. When you look at internals, technicals, he is with aed on every measure of being shortterm oversold we had already checked those boxing going into today then today thing got worse it was a lesson for investors and traders that oversold doesnt mean the coast is clear. You can always get more oversold what is interesting right now, the s p at its low today down more than 10 . In five days thats only happened four times in history, 2011, 2015, and during the. Com bubble and burst and during the great financial crisis this is very extreme activity. On that point, to your point, bespoke today points out, to understand the magnitude of the drop and the swiftness in which we have seen it if the s p 500 today closes below 3,547. 53 today, tomorrow, or monday, it will be the fastest 10 decline from the alltime high from the s p 50
Its the first time anyone ever said that to me. I said who is this guy hes the governor of iowa. He just said dont say bad about china. So i had to rip up about half of my speech. Right . I said why he said we do a lot of business. Ive been dealing with china for 35 years with corn and Different Things he told me a story that was amazing. 35 years ago when i started, i met a man named xi he wasnt president it then. He was a young man and the governor came back he told his wife, he said this is 35 years ago and its documented. He said, i just met the future president of china and nobody thought much about it you know what . 28 years later, you turned out to be right. And you have been an incredible ambassador and they like each other so much so when it came time to pick the important position of ambassador, i said havent you had enough after 24 years being governor of iowa he said if you want me to do that, and its been a great youve been a great help thank you very much, ambassador. I
Good monday morning. Welcome to the show. Im dominic chu in for Brian Sullivan developing story as tensions between United States and iran reach new heights in the wake of that air strike that killed iranian general Qasem Soleimani. We have Team Coverage this morning. Nbcs tracie potts joins us from washington, d. C. Also nbcs cal perry is live in doha, qatar. Tracie, well begin with you. Reporter lets start with whats happening on capitol hill and whats expected to happen this week. Remember, congress did not get a heads up about this military action against iran. We have learned overnight that democrats now want to push to give President Trump a deadline to call it all off in a letter obtained overnight, House Speaker nancy pelosi told democrats theyll vote this week to force President Trump to end hostilities with iran in a month unless Congress Approves were much closer to the edge of war. Im concerned they dont have a strategy. Reporter congress did not get a heads up about the u.
China. Facebook falling. A new report says the social media giant is no longer one of the best places to work. And a strike again. Yankees inking the largest contract again for a Major League Pitcher all of this as Worldwide Exchange begins right now good morning and welcome to the show im dominic chu in for Brian Sullivan trying to snap a twoday losing streak all remain negative so far the dow would open up just about four points, the s p about one point and the nasdaq about seven points pointing to the big fed decision later today. We are seeing some signs here, movement there to the down side 1. 86 . 10year note deals, twoyear note deals ahead there you can see the major board says hang seng up, shanghai compositity up and the kospi about flat for japan in european trade, german dax up 0. 10 . The cac off about a quarter a percent as ftse 100 around flat as well. So the faa is reportedly creating a new Safety Branch to address gaps in their oversight. The faa has come scrutiny for a
Thank flirks i didnt say anything i wouldnt want them to hear we have our Investment Committee today, joe, jim, jon, courtney, the president of luke capital markets. Brent is managing partner at requisite. You can stop the music now, right . I dont hear it hear music there we go thank you. All right. Lets see where stocks are likely to go from here whether its possible to have that seven week surge. The headline that the market stock had been reacting to in the last ten minutes, reuters exclusive. Trump xi meeting to sign u. S. China trade deal could be delayed until december as discussions continue over terms and venue. Market didnt like that. Yeah. But a blip. Just a blip because weve been basically going back and forth across break even all morning, scott i think what were doing going to address here is what would be the driver other than that that will be a driver if thats signed even if it is signed before december 15th for instance if its signed after f that, then weve got other