Where the stock goes from here the Investment Committee is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this thursday our Investment Committee at the table, joe terranova, steve weiss, the najarian is here, megan chu with Wilmington Trust and also with us our senior economics reporter steve liesman. We begin, where else, where the story is stocks following the worst day of the year. Big concerns that the trade war is threatening to push the u. S. Economy over the edge so weve got 60 of the s p, a little more than that in correction territory. Thats 306 out of 505. What should you do in the market today . Today you should do nothing. What are you doing . Im looking to sell further on strength, and heres why. I think the situation continues to worsen and the goal line continues to be pushed out a lot of people took comfort in monday when the president tweeted about delaying some of the traffics some of the tear i was until december i actually tho
Lower on concerns about the health of the u. S. Economy and a number of new bearish notes from new wall street firms hurts the sentiment further. Lets check in on the biggest losers in the dow, which as morgan just said, is down sharply, near session lows, which were 462 points. Its currently down 410 points, as you can see, pfizer down 4 Goldman Sachs down 2. 7 cat down healthily 2. 56. The 30year just hit a yeartodate low of 2. 117 t the. Joining us for the full hour, victoria fernandez at cross mark global investment. Thanks for joining us. My pleasure when you see yields slip like they have done, like they did last week, does it make you want to press the sell button for broader u. S. Equities . We dont want to sell we have that longer term outlook. We think theres a lot of volatility going on and thats going to continue to play out. We are looking at these treasury buys, not just from Short Coverings but outright buying as well but i think you stay invested at this point there we
The Halftime Report starts right now. Welcome. Its good to have you with us on this tuesday our Investment Committee, joe terra nova, johnna jerian and marian bartell lets begin with apple second best performer in the dow. Stock topping 213 this just has been quite a comeback, jim. We had that big selloff the day that the latest tweet on tariffs came out about 2 1 2 weeks ago steadily climbing black. A barometer for the market, a little bit of give from President Trump on china negotiations first there was the delay of the tariffs, then there was the talking with the apple ceo tim cook on friday where he said he made a believable case and a discussion he had with the ceos of three major banks so apple as with the market i think is perceiving that maybe there is some recognition from this president that the tariffs have done what they could do and any more will hurt and maybe the market thinks well get a sooner resolution. Were only 20 bucks away from an alltime high yeah who would have
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the election, the great november 8th day, if you go from novembe
Welcome good to have you with us on this wednesday from the New York Stock Exchange our Investment Committee at the table, joe terranov ajim lebenthal, liz young, bny mellons director of Market Strategy and mike wilson, Morgan Stanleys chief v. Officer also with us from hq, senior economics reporter Steve Liesman. The markets. Stocks down sharply. Lows of the day. 637 the loss for the dow the yield curve inverting for the First Time Since 2007 and thats raising fears thata recession could be on the ho horizon. Mike wilson, i joked with you when you walked in the grip reaper has arrived. Youve been negative on the market for a while what does this tell you about what we should be thinking and doing . Yeah, look. I think the market has been telling us this all year weve had the fed dovishness covering up some of that theres been hope for a tread deal which has been viewed as a put and both of those puts expired in the last couple of weeks meaning the fed did their 25 cut some viewed that