Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Europes digital ambitions the e. U. Has just revealed its vision for the continents tech future fearing competition from abroad it wants to grow its own sector but there are concerns over just how it will protect privacy this is inside story. Hello there and welcome to the program im the stasi attain now there is a global race for Technology Leadership with the United States and china out front europe now says it wants to catch up and reinforce its position on the digital scene its leaders are concerned about the reliance on Foreign Tech Companies including microsoft apple and chua way they say they want to develop europes own tech sector now to do that theyve come up with a strategy that aims to find solutions that prioritize peoples lives the economy and an open society the e. U. Outlined its approach for days and Artificial Intelligence on wednesday the proposal seek tougher regulation of the worlds biggest tech platforms and increased spending for the tech sector but critics say mo
Welcome to power lunch, everybody. Stocks are just off the lows of the day. The dow down b about 200 points. Still on pace for its Third Straight session in the red with apple the biggest drag and gold reaching 1600, its highest level in seven years and utilities leading today on pace for a record close the second best performing sector this year next to tech up 9 for more on where the money is move ng todays market, lets get to bob pisani at the new york stock exchange. Hello, again. Much of damage is cue to apple and theyre worried about krohn kro coronavirus. Exxon mobil, another new 52week low there and also were seeing some of the big global industrials like caterpillar, 3m pretty modest response leon cooperman was saying the the biggest risk to the markets is the u. S. Elections and this is the way a lot of the Fund Managers seem to think bank of america, 150, the biggest Fund Managers in the world. He said that, too. The 2020 election is the number one thing. Were all worried ab
Anymore. A lot of Global Markets are closed or for boxing day. Uk, germany, france, australia, italy and hong kong. I say it every year. Boxing day has nothing to do with boxing as a sport as a child, i always thought that u. S. Futures, we have some green arrows dow looks like it would open up about 30 points higher 10year note opening about 1. 97. New this morning, china says it is in close touch with the United States on signing a phase one trade deal both sides are 12i8 going through necessary procedures before signing despite progress on trade, tensions remain. Meantime, saying the phase one trade deal is, quote, an enormous step in the right direction. It is coming. It is coming it is done in your mind what we are going to get is what weve gotten. Phase two, i wouldnt think about it again like ever, ever no. Let it go. Gone for good oregon for the election . I think you need a change in leadership of china before we see anything significant even if trump wins in november of 2020,
Up more than 80 and its been named the best idea for 2020 well debate in our call of the day. The Investment Committee is ready to go, Halftime Report starts right now welcome. Good to have you with us on this tuesday. Our Investment Committee here with us today. Lets begin with the markets all three of the major averages setting new records today. Stocks going for their 25th record close of the year joe, momentum etf, growth etf, value etf, the text spider, industrial spider all new interday highs today, albeit briefly. Diverse rally, dispersion thats what you want in the market it has these rolling bull markets. Today its about bond proxies, yesterday pete and i were talking about financials and alltime highs technology is strong, it continues to roll into one sector to another youre talking about a melt up were in the process of melting up weave been melting up for the better part of three weeks now were getting retail names some interesting stories you have some names coming back t