Blake burman is watching latest coming out of the white house. In fact were expecting remarks in a few moments from the president in the rose garden. Before we get to that, it is Lauren Simonetti on the market rally. Lauren . Lauren a lot to get through. You dont want to complain. You have a 500point rally the day after a Holiday Weekend but what took the market off bigger levels, the dow hit 25,000 for the First Time Since the lockdown began in early march. The s p had topped 3,000. Those levels did not hold on a Bloomberg News report that u. S. Officials were considering sanctions on Chinese Companies and chinese officials for their handling of the hong kong situation. So still a broadbased rally but we came off those levels as you can see. The nasdaq had been at its highest level since february 21st. There were hopes as the economy does reopen, as we noticed, this weekend, memorial day weekend there is hopes on the medical front too. 10 vaccines are currently in human trials. Novava
Investment committee is ready to go Halftime Report starts right now. Welcome good to have you with us on this thursday, the first trading day of 2020. Our Investment Committee here today. Lets begin with the markets its the first day another record setting day for the major averages there you go right now dow off its best levels, not by much new record high, 28720 nasdaq back above 9000 s p 500 positive as well the russell is a drag. But for the most part, its the same story semis hitting fresh new highs. Apple extending its record high. The beat goes on. What im particularly excited about are the International Charts i know a lot of american investors say what do i have to Pay Attention to that for . Its note worjnoteworthy were g with countries in europe up around 1 , looking better than our markets. Germany is up over 1 . European banks this morning as a group are up 2 . European Technology Names as a group are up 2 . This is noteworthy emerging markets is up double what the s p is
And, you know, the students, well see whether they get jobs if they want them on wall street anymore. Shar charles or in law firms, yeah. Liz cant support a terror the u. S. Group. Bad indication there. All right, as we kick off the final hour of trade for the week, extreme urn certainty in the middle east and confusion in congress here at home have investors disinclined to head into the weekend long. Weve got the dow heading back town to session lows, lower by about 191 points. The s p down 37. The nasdaq falling 151 points. This even as a fox news confirms some good news, two american hostages a mother and a daughter taken by Hamas Terrorists two weeks ago not only have been released, but this is just hitting the wires. They have been received at the gazard border and are in safe and secure hands of the israelis and enroute to a military base in israel. Look at crude oil. If you really want to see where the reaction was, it was trading at nearly 90 a barrel. But then you see it slide
Equities for the second half of the year. Stock Market Investors are having to deal with a few bumps during the First Six Months and while volatility is low for now, there are a host of reasons why it could pick up. First, the greek debt situation has now gotten bad enough to spark Global Market concerns. Stoc across europe and asia have caused big swings which could cause a voter referendum in greece on whether to stay part of the euro currency. However, many experts believe the u. S. Will remain rather eninsud from the worries there. The next one is the fed whether they will raise Interest Rates. Look for that kind of uncertai continue. And then theres corporate profits. S showing signs of slowing. They expect a decline for the Third Quarter and u. S. Stock markets have not seen a pull back since 2011. Those are a few sparks to a fresh downside move in the second half of the year. For nightly busine im dominic chu. As dominic just said investors will be watching corporate profits ver
Equities for the second half of the year. Stock Market Investors are having to deal with a few bumps during the First Six Months and while volatility is low for now, there are a host of reasons why it could pick up. First, the greek debt situation has now gotten bad enough to spark Global Market concerns. Stoc across europe and asia have caused big swings which could cause a voter referendum in greece on whether to stay part of the euro currency. However, many experts believe the u. S. Will remain rather eninsud from the worries there. The next one is the fed whether they will raise Interest Rates. Look for that kind of uncertai continue. And then theres corporate profits. S showing signs of slowing. They expect a decline for the Third Quarter and u. S. Stock markets have not seen a pull back since 2011. Those are a few sparks to a fresh downside move in the second half of the year. For nightly busine im dominic chu. As dominic just said investors will be watching corporate profits ver