A sales miss and more weakness ahead. Is it time to trade out. The Investment Community is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this tuesday. Our Investment Committee at the terrible joe terranova, josh link and the chairman and ceo of the gobelli finds and chief executive officer of merrill private bank. We fin where else, the manchlgts a manchlgts. First though stocks lower as the twoday meeting in washington gets under way mr. Gobelli, the fed is going to cut, right im assuming 20 basis points and the real challenge is the currencies, the negative Interest Rates around the world are causing the dollar to get stronger so how does and what is the impact of that you think the fed should cut . Lets start there. Markets not that far. I dont spend a lot of time on it. I just assume that they will be cutting 25 beeps thats baked into the market of the for example, we have 100 u. S. Treasury fund. No sold taxes and its assuming that already,
Tuesday morning, down another 400 points yesterday. The dow will drop a little bit more at the opening bell today, down maybe 60 points. With the s p and nasdaq also moving down. It is a down day. With this volatility, however, who knows how we are going to close. The president leaves for pennsylvania later this morning. Hes talking energy. Pennsylvania allows fracking which helps america become independent. Neighboring new york does not. When he leaves the white house in the 11 00 hour, he may speak to reporters. You will hear what he has to say. Are you just a little worried about your 401 k . Yeah . Stay there, please. Advice for investors coming up. Varney company is about to begin. Stuart just getting this. President trump tweeting on china. Here it is. Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the u. S. Is receiving is a gift from china. Prices not up, no inflation, farmers getting more tha
Ready to go. The Halftime Report starts right now. Welcome, good to have you with us this committee joe terranova, stephanie link, jim lebenthal, jon najarian, also on set mike wellson, Morgan Stanleys chief u. S. Equity strategist stocks are getting a lift with some big dow beats today, makes for an interesting setup with the fed just a week away steph, ill give you the first crack today. I was going to come in and say earnings have been kind of lumpy, and then you get guidance raises today, whirlpool, coke, lockheed, pretty good. I dont think lumpy, i think really good. Choppy . I think pretty good, especially if you go underneath the surface, especially today, to your point, not only is it better organic growth out of kimberlyclark, out of coke, organic. These are great, top line numbers. But also what ive been impressed with, margins. Margins are expanding. Take a look at Stanley Black decker today they have some challenges for sure, but they beat margins in every single segment yo
High for more on what powell said and what we learned from todays fed minutes, senior economics report Steve Liesman is here. In the house. Onset in the house how am i supposed to cover the Federal Reserve when you put up a graphic like powellpalo oo, za what is wrong with that it captures the sentiment celebrate good times i was doing that. If you goad them in the control room, they will take the bait every time yes. So i think it was powellpalooza is not a bad way to characterize it it had every opportunity to push back on the market being darn sure there was a rate cut. Instead of pushing them back he said, come on, we are going more in terms of i dont mean more in terms of more rate cuts, but you can be more sure he emphasized the negatives and down played the positives. What i thought was interest ingalls ing is that the markets threw into doubt the 50 basis cut later this month once we got the job reports, but powell said to have a hot jobs market we need heat he said tothe marke
Much for joining us. Cnns primary coverage continues right now with laura coats and abby philip tonight, too big checkmarks. One has all already happened, and were expecting the other any minute now. And when it does, you can officially lock in your Matchup Cards for what might be the most important election of our lifetime welcome to a Special Edition of newsnight. Im abby phillip in new york, and im codes and washington dc, its a short time ago. Joe biden made official well, the obvious and he will be the democratic nominee come this november. He is celebrating clinching in a new video asking voters, are you ready to win . Well, tonight, biden adding important victories to his win column. Look at all of states, State Of Georgia, one that he won in 2020, put them over the top. Its also a state were done for trump tried to deny democracy and say, well, donald trump is on trial for Election Interference. And tonight the president put the november choice and quite the star in terms. Are