Flat tire. He is on the squawk news line. What happened . Flat tire first day back with my driver. We are on 78 which leads to the new jersey turn pike which is where andrew was the other day we are getting close to the lincoln tunnel i had to wait and have another driver pick me up. That worked. The only problem was we got a flat in the express lane we had to pull over on the median with semis going by on both sides the whole car was shaking. I was like, okay, ill never be there again. So i take it, you changed the tire i could have. The first thing i did was say, look, youve got to go over that median and get over to the right. Thats just asking for a problem. Seriously dangerous at 6 30, i will be there at 6 20 there might be a correction coming you guys can explain to me honeywell . I thought it already was it was in, it was out and back in i think this is the First Time Since 2013, well see three dow components come out. Now good luck. We are going to see changes coming i will tel
Investments ever. Were closing in on new records in the markets, this amid new optimism for that potential china u. S. Trade deal as you saw stocks are set to open higher. And the tech lash heads to the states a major multistate investigation into antitrust practices at google, set to be announced later on this afternoon. David, kick us off on t. Interesting here. In so many ways. 3. 2 billion as you said the stake from elliott, the largest single investment i believe they made at the company, a long letter comes out this morning detailing the reasons why this could be a 60 stock within lets call it three years or so, 2021 is what theyre talking about. 65 or so upside to todays stock price. They believe 5 in dividends and 55 stock price, you could get to 10 earnings per share grower with significant margin improvement, what theyre calling for. And buyback. Something i want to make sure people understand here, it is interesting, people who know the company well, but sort of are vaguely
Look at what to some other action was taking place in the markets. What were you watching, abigail . Abigail im going to talk about the risk assets but on a longerterm basis this comes from bank of America America lynch. He joined us for charting features. What we are looking at and yellow is the s p 500 going back to january, 2018. In blue, highyield bond index. In white, that investmentgrade bond index. We see as the s p 500 was putting an alltime high and a strong january, those bond indexes were sliding. As the s p 500 climbed into its september alltime high, they were climbing a little bit but pretty tepid. Out of the Fourth Quarter bottoming, a huge rally for stocks, investmentgrade bonds and highyield bonds. Believe a steve to new alltime high is ahead for the s p 500. Emma of course, the big move in markets today came in the oil markets. Both wti and brent crudes rising about 4. 5 . Should be able to show you a chart that shows as the highs of brent crude, the biggest intraday
shimkus. todd: i m todd piro. look at that, two dogs reportedly hurt after an animal shelter was destroyed. fox weather meteorologist is here with the fox weather forecast. britta, january has been active. it has been, every week we ve had a severe weather outbreak. this was close to downtown houston, where i used to live, so it is heartbreaking to see the damage, especially to the animal shelters. waking up this morning, threat of severe weather, massive storm system. look at evolution of thunderstorms ripping through the south and we have a snow component. the threat is presents, we have a tornado watch until 11:00 in the morning that stretches into the florida panhandle. a lot of the reason of why we have seen so much severe weather, todd and carley, is the warm weather. the map hasn t looked like january, we have had record-breaking highs, that is an important part of this ingredient list, that much heat gives way to powerful storms. that is what we had yesterday and
A little bit. You were negative on oil. Its gone up. Are you staying negative or has something so fund mentally changed youre saying i was wrong, its go up . I was obviously wrong. Im not sure if ill stay wrong, though and weve come such a long way its hard to advice folks to get in here especially with, you know, some of the signs that i continue to see that undermine this rally, brian. Particularly last night, the chinese trade data was bad and i keep saying that part of the oil rally here for it to sustain itself needs to be a strong asia and a strong china in particular and were just not getting that. You were spectacularly right before. You were one of the few people in the really negative camp and you were right. You were right before you were wrong, how about that . Im not running for office so i can be wrong thank you for that. I got some beach front property in arizona im going to sell you, as well. What would be the most if you had to pull out one bullish case and one bearish