U. S. And iran is not the last. Irans leader, vowed retaliation tweeting the great nation of iran will take revenge for this heinous crime. The killing of soleimani send shutters through the financial world. Oil shot up stocks under immediate pressure. But that came after the best year since 2013. The dow ended 2019 up 22 with the s p 500 and the nasdaq a doing even better. Of course wall street seems to live in the perpetual state of worry. So despite overall optimism that the stocks in the economy will continue to grow in 2020, there are fears about what could finally put the brakes on the expansion we have seen since the Great Depression more where the binned unknowns of the president ial election. President of trump has gone over Strong Economy. And if it stays strong that will bode well for the incumbent. After all they famously told us when it comes to winning president ial elections its the economy, stupid. But trumps potential rival see things a little differently. They. To inc
Like Companies Like facebook and apple. Regulation, legal and legislative hurdles continue for technology, especially for overseas apps like tictoc, we will hear from Marsha Blackburn on how much more needs to be done. We begin this hour with tesla, its stock has been on a runaway rally for the latter part of the year, last year we saw shares reaching 420. Analysts recently raised his price target by 100 to 370. We are going to discuss whether tesla turnaround is working. You look backif at the last six months, it has been massively impressive, what musk has been able to do in terms of turning this around, have a base case of 370, at bulky its to 600. If they are able to execute over the next quarter to this china thesis, and theres an upward to trajectory, you could see it go higher. This gets us to a base case, i think both cases have 600, and a lot that rests on china. I have spoken to a few theral bearish analysts in last few weeks, they are concerned about demand in china. Do we h
At any time and without objections, members not on the task force are allowed to participate consistent with the committees practice. And this is entitled robots and ai and the impact of Artificial Intelligence on the Financial Service industry. Thank you all for joining us for what is an interesting hearing of the task force. Today, we are looking at exploring how a. I. Is being deployed in the Capital Markets from automated trading to port follow allocation to Investment Management decisions. We are also going to consider how the use of this technology is changing the nature of work in Financial Services and rendering some jobs obsolete, and changing the skillset needed to service others. It is not an exaggeration today to say that wall street is quite literally run by computers and long gone are the days when the traders would be screaming on the floors of the new york stock exchange, and they would use t. I. Calculators and pour over the ticker tape to determine the companys value.
Outlook. Congress is on track to pass two massive spending bills averts a Government Shutdown and new data shows Home Building increased more than expected in november and permits for future Home Construction surged to a 12 1 2 year high. Joining us for the hour, is keith bliss from i hue capital llc. The Housing Starts number comes in, just one more optimistic data point on the data front and i think despite trading on the alltime highs, this market is still poised to go higher thats my belief what drives that . Theres lots of factors, which i know well talk about during the hour. But the continued strong Economic Data that were getting out of here, a very compliant and easy money fed that we have, theyre expanding their balance sheet. Low inflation around the world the need for capital to go where it gets rewarded and seek yield. All of these things, you throw them into the mixing bowl. Once again, all three of the major averages higher. Only slightly higher, but anything positive is
Cutting back production of the 737 max. Could announce a decision as soon as today. The board began a regularlyscheduled meeting yesterday that is set to continue today just last week the head of the faa told us right here on squawk box that the 737 max wouldnt be cleared to fly before the end of the year u. S. Regulars then warned boeing that it had been setting Unrealistic Expectations for the jet to return to service further Production Cuts would inflate boeings costs and take a toll on Financial Results as fixed expenses would be split among fewer planes the ability to effectively amoretize all of those costs and would also be a real pushback on the company and on the companys ceo. To me, if there really is a production halt, then theres going to be a succession story that i think we havent had yet. The Ripple Effects of what that means not only for boeing but all their suppliers along the way. Thats a much the reason you halt it, i mean, youre just blowing money if you keep making