We did a bad job of acknowledging that. And i think many economists said, well, were creating a million and a half jobs a year, so if some jobs get lost by trade, even if its 20 or 25,000, thats nothing well, it is nothing unless youre one of those 25,000 people. And a lot of that was concentrated in places like ohio, wisconsin, michigan, pennsylvania. Those are a very smart group. What do those states have in common every four years . Every four years they have something in common, and i think thats probably what kept nafta and trade very much in our american psyche for such a long time. And here we are in miami beach. It is not a surprise that a lot of the cuban population is in miami and in florida. Floridas been a battleground state, and our cuba policy a lot of it has to do with the geography of where i cubans live in this country. So geography has a lot to do with the trade issue and a lot of our politics. Many people on both coasts have enjoyed all the benefits of trade. We have
Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke
Iran after the government admits it and suddenly it accidentally shot down a ukrainian jetline. Washington aso china and the United States look to sign a phase one trade deal. Begin reporting with j. P. Morgan, citi, and wells fargo numbers due this week as Goldman Sachs says it plans to double its headcount in china. Good morning. David good morning. Matt good morning. We are looking at futures showing gains across europe. Take a look in terms of the dax and ftse futures. Cac futures are down just a little bit but we do see a gain on dax and ftse futures, just slight, but they are green arrows nonetheless. We see gains in terms of u. S. Futures. In fact, much more strong in terms of u. S. Futures much more strength in terms of u. S. Futures. Atdaq, s p, and dow jones. 3 . Anna lets take a look at where we are. That does seem to be on the move. It was flatter than that perhaps , just half an hour ago or so. Highera tentative push on asian equities. We are without japan. The philippines
President of the United States is the president of the United States. He can do whatever he wish and he is not accountable to me or anybody in this room. Renault shares fall to the bottom of the 600 as reports emerge that nissan is gearing up for a potential divorce. The pound falls below 1. 30 against the dollar after the bank of Monetary Policy Committee Says he would vote for a rates cut if there is no improvement in the uk Economic Data welcome to the show, everyone the most Senior Commander of irans revolutionary guard was called to a closed session of parliament after tehran admitted it mistakenly shot down a Ukraine International Airlines Passenger plane. There were no immediate details asked of the official but iran blamed its air Defense System for the crash, which killed 176 people the announcement has sparked protests across iran and protesters have called for the resignation of iran saying they tried to cover up involvement in the crash. Dan is in abu dhabi. What a differen
Operation yet. Not much to be disrupted. Romaine lets talk to our reporters. Abigail . I want to check in with this cross asset chart. We have bonds are the winner in pricedtreasury futures slightly above the s p 500 by 50 thes points, but netnet, s p and bonds are higher. Everything else is lower. China is down just slightly in blue. In orange, we have emerging markets, overall taking a bigger hit wn bottom, copper in pink and crude oil in yellow, those commodities that lag risk assets. Tat could be a bearish ell on volatility ahead. The chipmakers are getting hit the hardest, off 1. 5 , relative to the s p 500, but if you look at this chart, i want to put the underperformance of the stock into perspective. Im looking at stocks relative to the s p 500. Over the long term, they are still outperforming at a ratio , so you are still near the 18 year high despite todays underperformance. On a relative basis with the chipmakers holding in there. It was a strong day for real estate stocks a