Good to have you then. Then thank you. You know that this is a holiday wake and of course black friday moral important. Tell me how you things see things going into the end of year and into 2020 do you say the economy stay strong. Yes economic fundamentals are pretty good we are going at 3 percent in 2018 and we have probably slowed down to about 2 percent here in 2019 and one of those reasons we are staying that slowdown is that consumers remain strong for your Business Investment has slowed down in live of some of the trade insurgency and Federal Reserve being is it too tight and the good is here maria, is the Federal Reserve start cutting Interest Rates and were starting to see modest Balance Sheets expansion and we expect that to sort of see through the economy. Particularly in early 2020. And the u. S. And china, are really sitting down and having serious talks about a stage i trade deal. Just this week, you saw china, and the u. S. Both staying we are if you get close to a deal,
Good to have you then. Then thank you. You know that this is a holiday wake and of course black friday moral important. Tell me how you things see things going into the end of year and into 2020 do you say the economy stay strong. Yes economic fundamentals are pretty good we are going at 3 percent in 2018 and we have probably slowed down to about 2 percent here in 2019 and one of those reasons we are staying that slowdown is that consumers remain strong for your Business Investment has slowed down in live of some of the trade insurgency and Federal Reserve being is it too tight and the good is here maria, is the Federal Reserve start cutting Interest Rates and were starting to see modest Balance Sheets expansion and we expect that to sort of see through the economy. Particularly in early 2020. And the u. S. And china, are really sitting down and having serious talks about a stage i trade deal. Just this week, you saw china, and the u. S. Both staying we are if you get close to a deal,
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i