Increasing pessimism about growth. More ceos than ever see a slowdown. Sophie chinas mystery virus is spreading through persontoperson contact. Hubs stepping up passenger screening. Lets turn to selina wang in beijing with australian markets coming online. Selina we did see australian markets red hot. We are now starting to see them drift slightly lower, marginally except for the new zealand up. 2 after gaining 3 since the start of this year. We did yesterday see the equities hit record highs when it comes index price and private equity valuations. So, that would be enough to ring bells in normal times but our strategists say that macro backdrop in australia is dire enough to call this rally into question when you consider the massive wildfires that are damaging their economy. With increasing focused on environmentally sustainable investing, that rally is potentially at risk. I want to check on that a little bit more with this next chart. Thelook at that rally in context of the u. S. C
At 1. 08. The unstoppable market as investors digest the details of that china trade deal. Stocks ready to open on new records. Southwest is pulling the boeing 737 max until june. Airlines are digging in for more delays. And shares of Morgan Stanley before the bell. They posted record profit and revenue in 2019. Stocks looking to make more history a day after the dow closes above 29k for the first time and the president signs that phase one deal with china the s p on its way to the seventh weekly gain in eighth. Total holiday, exauto and gas up 44. Names like target might have been an execution issue. Yeah, i have to say that. I just dont find any other excuse i do think that Brian Cornell pretty much said, listen, we screwed up other people, other stores kid better that aggregate number is so much stronger than anything you saw from target. I have to believe they went to walmart, best buy or costco but they sure didnt go to target. Were going to get more earnings as we shift from the
Corp. Downgraded we will debate on call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. And it is good to have you with us today. Our Investment Committee here, jim lavin all this, jon fortt. Dave wise, jen, liz young is back also with us on set today is ed. Lets begin with the rally stocks hitting record highs today. The dow closing above 29,000 is it time to buy or is it time to worry, liz . I am an incurable optimist. Not really ever time to worry that much. I say this all the time. You must be present to win i always believe you should be in the market. I still think there are places you can buy stocks josh brown, big friend of the show, i think he posted on twitter yesterday the market isnt even due for anything. We shouldnt pay so much attention to the calendar or the fact that it has been a long time or things have gone on to a long time. You have got Pay Attention to valuation right . Not as much as we used to i dont even know. With Mo
Atmosphere. We will get details from microsoft president and cfo. We will look at what an internet pioneer sees in the decade to come. Now, after three years in the making, the u. S. And china signed phase one of the trade deal on wednesday. Chineset trump and officials put pen to paper for a deal that the president claims will have a Significant Impact on the tax world. Pres. Trump china has made enforceable commitments regarding the protection of american ideas, patents, and trade law. They have also agreed to confront pirated goods. Which is a big problem for many people in the room. Those people in the room with in the room being those of the likes of executives from micron, qualcomm, ebay, and others. I spoke to the director of digital and cyberspace policy on the council of Foreign Relations in new york. In washington, eddie collins. We have learned that the u. S. And china have taken the first step to negotiate some big imports into the u. S. In terms of china promising to commi
Annual ces event in las vegas. We hear from the heads of micron, qualcomm, Verizon Media, and queen vee. And Tesla Ceo Elon musk cuts a rug after delivering the first customer cars from the shanghai factory. Shares touch record highs. Our top story this week brought increased tensions between the u. S. And iran. Last friday, a military strike in Baghdad International airport took out one of irans top generals. Tehran responded by launching missiles at u. S. Interests in iraq. It all roiled the markets and created new fears of cyber warfare. CyberSecurity Firms like cloudflare were up this week as a result. I was joined by marcus salary the director of strategic threat tracei Security Firm dark and our cybersecurity reporter. I think there is a significant distinction between irans conventional battlefield capabilities and where they are on the cyber front. They are never going to go to totoe with the united states, at least in this realm, in a conventional battle. In the cyber realm, t