Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
Behemoth consolidates a space under going massive upheaval it started with smaub cutting commissions to zero. Sparking a flurry of headlines over the frantic race to the many bottom. With the news of the deals between the two giants mass the race to zero become a sprint for survival guy. I dont know. Hello, mel. Hello. I dont know if its a race to zero or sprint to survival. Its genius by schwab. Dan nathan alluded to it a few weeks ago. Schwab was genius, cut rates to zero watched the keters go to zero in terms of stock td amerd trade went from 50 to 32 in a straight line. And then making this announcement they are probably buying the stock or company at levels they wouldnt have been able to buy them a month or so ago good for them. This makes schwab a huge forepersons in the business. And the play. They are a force. Even more so now. En and quickly i think people say etrade next to go not so fast. There is room on the downside. The Second Derivative play, Morgan Stanley, for example,
Negotiations with china. Mixed Economic Data as Consumer Confidence falls, but Housing Market remains mostly steady and disney rallying on two positive notes, which has helped them propel the dow higher. We are on record high watch once again for the major indices. Joining us for the hour, Barbara Duran from bd8 capital partners. Barbara, how do you feel as we sit at these record highs. Can we hold this momentum through the rest of the year i actually think we can normally, ive been very skeptical. I really thought we would just be in a trading range and unlikely to see new highs. But i think weve got one or two new highs left and its not just optimism over the china trade partially being resolved i think its also, unlike last year where people were rushing for the exits, i think this year, theyre rushing to get in, because youve got the performance issue. The market is up so strongly and i would suspect most active managers are underperforming here barbara is with us for the full firs
By the Options Market is betting on the bounce for one home depot. We start with the big countdown. And no. Which one is that. Hold on its not the countdown until friday its not the countdown until christmas. I hear i hear sleighing bells. They mixed ut santa with the record we are 18 days away from the next round of tariffs kicking in we heard today from two retailers today with two different takes on the looming levies dollar tree tanking after cutting guidance due to what else, tariffs, among other things best buy, though, it soared. Raised the outlook saying the impact of the tariffs has been factored in and dealt with so really with all due respect to dickens it was the best of times. It was the worst of times. Its a tale, guy adami of two retailers. I see what you did there. What story are you buying. Would you rather almost. First of all, i find it welcome. Welcome to breyen welcome to brayen. He is playing hurt tonight if you listen to his voice. Its grim its grim. But youre he
Bloomberg. You mentioned housing and todays gdp data when you look at that, do you believe that you have achieved a soft landing or are achieving a soft landing in the sense that removing to trend growth the rest of the year and next year that is our outlook overall, is for moderate growth of around 2 , pretty close to trend. Thats our outlook could be better. Could be worse you know, you never say youve achieved it. But thats our outlook we feel like our current stance of policy is appropriate as long as that remains broadly our outloo outlook. Donna borak with cnn. Chair powell, setting aside expectations for todays rate cut, obviously 97 sort of expected this would happen today, can you tell us more about the rationale behind moving at this particular meeting as opposed to waiting six weeks and cutting in december and if there was any discussion about that around the table . Thanks. Yeah. I think this seems to be the right movement you can see we had our usual range of prospects, ra