Reinforce a sobering message. Bloomberg technologys says apples new iphone features equipment that is best in class. We are seeing u. S. Futures under pressure, down. 1 present. 1 . Make a comeback after dropping about 1 as we services readings. It managed to bounce back. Investors bet more said action will be needed. We have the 10 year yield falling for a sixth consecutive session and headed towards 1. 5 . Contact leslie gains with the nasdaq gaining more than 1 . Sophie. Sophie futures are looking mixed as the regional benchmark is set for a third weekly loss. In tokyo, we are watching for reaction to reports that the u. S. Japan trade deal will take effect on january 1. President moon is to meet with the chiefs of four business lobby groups. He will meet with investors to explain the state of the economy. Switching the board to check in on bonds this morning, we have aussie 10 year yield slipping below 90 basis points, and the kiwi 10 year yield is below one percent this morning. A
Fears about trade, growth and rates. New phones, new watches and a big bet in tv. Your next trade on apple and the stocks in its universe shares of costco soaring 45 this year. But is a pullback coming its our call of the day Halftime Report starts right now. Good to have you with us on this wednesday, 9 11, as we remember and always will your Investment Committee today, joe, steven, jon and pete na, welcome, everybody stocks are higher this hour. The dow trying for its sixth straight day of gains. Not bad. But we begin with the big trade happening now in the overall market momentum apparently is out and socalled value apparently is back jpmorgans quantity grew who called the rotation about two months ago says the flight from momentum has only begun. Id like to start the show, guys, the hour with a stat i pulled out of fax this morning i think kind of will highlight better how big this shift has been 58 of the top 62 stocks in the s p 500 this week, theyve gained an average of 9 . Been
Rising still posing an alltime high and the nasdaq advancing how is that we could rally so hard much better than this close . Closing figures . On generally good news and then lose our momentum. At one point we were flat lining for advancing the final hour of the day. I think we got dragged down by the very same force that allowed the averages to rocket higher than the first half of this year dow gaining 14 . S p polling 47 and the nasdaq going up 21 and that forced skepticism the market is full of skeptics its full of bears who sometimes masquerade as bulls. And their doubt is the fuel that lets us go higher. Bull markets thrive on disbelief. The moment everyone believes in the bull, the rally is over because there is no one left to buy. Let me explain first this weekend President Trump declared a truce in the trade war with china and i phrase it that way because it was so onesided president xi didnt seem to give up everything but if trump is willing to ratchet down the tensions, im n
Vietnam and other places that take advantage of us, and well start working on that, too, by the way, but i dont want to do too many at one time. Chinas fine. We did mexico and canada. We have to get that approved by nancy pelosi maria you expect to get that done this year, mr. President . I hope we do. The deal is done, its sitting in congress. Its up to nancy pelosi to put it there. I would kalcall it, i told her other day get it done because we will call it a bipartisan deal. If they want to make a couple minor changes, we can make some changes. Its a great deal. Maria we got to jump because we are cutting into your friend mr. Varneys time. Let me ask you this. There was an oped we cant do that. Hes such a great guy. Maria there is an oped in the journal the other day basically advising you to take nikki haley as your running mate going into 2020. Are you locked in on Vice President pence for 2020 or would you consider having nikki haley as your running mate . I love nikki. Shes endo
Stuart good morning, everyone it is 10 00 oclock eastern would begin with the fox business alert. Israel the strongest mideast ally is at war. This is a live look at gaza city where Israeli Forces are striking back at hamas terrorist they have murdered hundreds of people in israel including nine americans. The attack market the deadliest single day mass murder of jews since the holocaust. Israel has ordered a total blockade of gaza, no food, electricity or fuel will be let in to the territory. We will cover this all morning long. Heres a response of the financial markets. Filing played that is not the response a lot of people are expecting the dow has turned positive up over five points. Fractional loss for the s p, a small loss for the nasdaq. The price of oil going up this is in response to whats happening in the mideast, 8565 as we speak. Bitcoin, not much has changed, 27000 and change. That is israel, the financial market, now this. It is been downhill for the biden presidency sinc