Road map begins with this trade stumble for stocks some lingering china trade concerns plus, ecommerce boom alibabas 24 hour shopping extravaganza breaks its single days record of more than 30 billion in sales and still climbing. And goldman facing an investigation over allegations of sexist credit decisions at app apple card stocks are set to open lower this morning on some dampened expectations surrounding u. S. China trade talks as well now as this escalating violence in hong kong meantime, the s p is in the midst of a five week win streak for the First Time Since march 6 if you look at the nasdaq. It has been a nice ride over the past month. It is so amazing because the some of the bigger runs are companies you would expect no trade deal, we would unravel a lot of the companies that do a lot of business in china it continues to happen one thing i would say is that people seem to care more about the fact that Interest Rates are going up than they care about what is going on in china
Maker soaring today. Now up almost 90 this year. The stock just got a huge upgrade. Its our call of the day Halftime Report starts right now. Welcome good to have you with us our Investment Committee at the table, joe terranova, the brothers are here, and meghan is here as well, Senior Investment strategist at the wilmington trust. One of the best performing large cap tech stocks of the year, microsoft. Beating on earnings and revenues the shares are moving higher pete najarian, everybody owns it at the desk. You get the first crack because youve been the biggest and longest believer. I continue to be a believer this all started with it went in the right direction what has he done we talked about how great the focus has been on cloud but the monstrous acquisition they made with linkedin everybody was critical about and that is starting to be another one of those verticals we talk about when we talk about names like apple and other names we talk about what are some of their areas they w
Going down. Look, i have the i have a list in my hands, like senator mccarthy of 54 known stocks in the s p and how they would do inverted the top 20 ive been working on. Three are hurt 17 that win. If everybody decides that theyre going to pay less for every stock because of this, all lose the algorithms are set to make sure all these use our economy is not as uniquely sensitive. These are not exporters that need to have a dollar weaker dollar is just getting stronger. Extraordinary rally in the dollar dont want to see it i struggle to reach a conclusion that this is all bad given the fact that germany had rates for some time and the market is not doing that badly, even though they have an export economy and their dax, real terms, is up even though theyre exporting right to china in and those sales are weak as we see the numbers from china it is not the end of the world or the German Market would be down. No one is asking if it is the end of the world if it is the end of the cycle, ri
All three major indexes taking a big hit. First intraday drop of more than 1 for the s p 500 in 64 days. That happened earlier today. That kind of call market has not gone back happening to all the way back to the 1960s. Nasdaq, intraday high at the open. It has now pulled back also more than 1 . Melissa said it, financials feeling the most pain. Beyond yields moving as well. Small caps are have thing the russell of all. Russell 2000 down the most of all the major indexes. Tyler . Im tyler mathisen. Second day of confirmation hearings under way for president Trumps Supreme Court pick, neil gorsuch. Preet bharara will join nyu law as a distinguished scholar in residence, he was fired as the u. S. Attorney for the Southern District of manhattan earlier this month. And days of heavy rains triggering the worst flooding peru has seen in decades. Look at that amazing video. A man washed away, as tries to drive cross, ill advisedly, obviously, a flooded road. More than 70 floodrelated deaths
Everybodys attention. Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just home build ns but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the su