Welcome. What at a day and what a week. On this friday, the market got a little of what its been looking for, a partial trade deal. President trump met with chinas vice premier at the white house where the two sides announced the first phase of what they call a substantial trade deal. Investors were upbeat all day ll about something. Anything happening. And they got it. The Dow Jones Industrial average advanced 319 points to 26816 after rising more than500. The nasdaq was up 106 and the s p 500 rose 32. And all major indexes were higher for theeek on the hope that progress was being made in trade. Bob pisani has more on the markets response. The rally rolled on today with the dow having the best day since early june. All three major averaging snapping threeweek losing streaks. Investors cheered prospec of a china trade deal how much more steam does the rally have. The s p moved 40 1 from the oltd highs. Does the mini deal get the markets through christmas . General consensus among trad
Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
United states. Against a massive Misinformation Campaign fuelled by Chinese State backed twitter and facebook accounts. Were live in hong kong with the latest there and its a big week for retail coming up tjx, kohls, many more reporting it is tuesday august 20th and Worldwide Exchange begins right now. Welcome to the show. Futures indicating the dow will open up fractionally higher at this stage the nasdaq up by 11 points heading into this mornings trading session, the dow is now within 145 points of recooping all of its losses from that big wednesday 800 points sell off in the dow. The s p is just 3 points away. The bond market currently in focus as well. The yield of 10 year u. S. Treasuries you can about 1. 8 1. 52 just about six basis points separating those two. That 210 spread for treasuries yesterday the white house was pushing back against recession rhetoric today its numerous reports the Trump Administration is preparing options to help bolster the American Economy and help pr
Taking to twitter to slam the currency and Facebooks Libra in the process and the president is not alone. The billionaire investor mark cuban citing with trump calling Facebooks Libra a big mistake its friday july 12th and Worldwide Exchange begins right now. This is a live shot right here on your screen. Tropical storm barry hovering off the coast of new orleans the city has already seen record rainfall in recent weeks and the storm could make landfall as soon as saturday well have the latest coming up. This is a serious threat but first lets take a look at whats going on in the markets 27,000 and beyond. Get your rally caps a record rally underway on wall street. The dow closing above that milestone 27,000 for the First Time Ever. Taking a look at futures right now, dow jones is poised to open by 85 points higher and the nasdaq indicating a higher open by 23 points take a look at the bond market of course we watch this very closely also as a proxy for what the market is thinking abou
Spending after a big week of inflation data. We are going to be getting july retail sales, those come out tomorrow, and the minutes from the july fed meeting, those come out wednesday. European markets as you can see are mixed right now, the ftses in the red, the cac and dax are in the green. In asia, red across the board. Weve also got this this morning, the department of justice deciding to appoint a special council to the hunter biden investigation as the doj drops his case in delaware and his lawyers insist the plea deal which fell apart was negotiated fairly. Hear what senator ted cruz told maria. All of this on the heels of a possible fourth indictment of former President Trump, this time in georgia, which could come as soon as this week. Joining the conversation all morning long, speech First Executive director charise trump and Strategic Wealth partners ceo, mark tepper. Mornings with maria is live right now. Cheryl a nice warm morning here in new york city. Well, it is time fo