Quh chair and keep acts as a chil. The question is, what happens now . With us for the hour today josh brown, jim, courtney gibson, Carrie Firestone is here as well, ceo of arius asset management. From toronto, kevin oleary. Josh, i go to you. While some are calling this first week chaotic. S p is up 1 . Dow is up better than that. Closed over 20,000 for the first time ever. Yeah. Investors seem to like what theyre getting. Its so much more than the u. S. Market story. Youve got just incredible performance around the world. You have global pmis, surprising routinely to the upside. The best ratio of positive to negive the surprises. You have to go whack to before the financial crisis. All of this is happening in concert. And so i think when you look beyond just u. S. Stocks and you say is there optimism around the world about the economy . Even if were not all thrilled with evenry political headline, i think you would have to conclude that, yes, people feel like there are some things th
We have world coverage here on daybreak asia. We will look at chinas latest move to boost the economy and find out why bhp has cut its copper forecast. Here in new york we look at the risk surrounding trumps tracks tax plan to be unveiled. And netflix trying to break into china. An incredibly contentious investor wells fargo investor meeting in seattle. More members narrowly surviving that shareholder vote. This is daybreak asia live from bloombergs u. S. And asian headquarters. I am betty liu where it is just after 7 00. I am yvonne man. We will hold onto the big gaps we saw after the French Election. We are talking about hitting records again on wall street. It seems earnings was a big driver today. Earnings as well as the anticipation we will get and be delivered this immense tax reform which includes a big tax rate,he corporate that will bring the animals. Back to the business world. We have seen it so many times, the anticipation of this is enough to drive the markets to these rec
Today. Down by 1. 5 . Well dig into that over the next two hours. We begin with the banks. Dan warner is a banking analyst at morning star. Great to have with you us. Dan . I dont understand why one would be invested in banks right now unless you simply wanted to preserve or lose capital. Give me the bull case. The bull case is that if you with the strong economy, with the low cost and positive thats we, have were still seeing strong loan growth. I think i mean there are headwinds. But for longer term, i think you still want to be in banks. The fed will raise rates at some point. It always seems like the last few meetings when he some excuse or some reason at the last minute why they havent raise the rates whether its geopolitical or a jobs report. They will raise rates. I dont i dont think its going to be quite maybe you may see one before the lection. I think that lection may have smim pact on the timing of the rate increases. I would look for it more december or thereafter. So i thi
Major auto dealer. Energy is one of the biggest losers with oil falling again. Its entering bear market territory. Well talk what impact this could have on the broad market coming up. Plus this is very interesting, the ceo of one of the hottest and most anticipated biotech ipos of the year, the company is looking to take on genetic diseases with its so called Gene Editing Technology. Well talk with the ceo coming up. After the bell its all those earnings you mentioned, alphabet, amazon, well bring you instant analysis as soon as they cross, especially after facebook and ford. Theres so much riding on how these companies do. Lets start with the earnings season hitting the halfway mark. Bob looks at the highlights of the first half and what we can look for in the second half. Important thing, bill, is we are Getting Better. The bad news is were not Getting Better very fast. Lets look at the score card. 55 of the s p 500 reporting were down 2. 8 . Earnings on average down 2. 8 . Thats bet
And what youre looking at. Hours later, another Police Officer shot dead. This time on the streets of san diego. The Democrats Convention was characterized by strong antipolice and antimilitary sentiment. That was the back drop to Hillary Clintons acceptance speech. The first woman to accept a major partys nomination presented policies little different from president obama, very few are calling it a rousing presentation. Oh, what a contrast to the performance of americas top tech companies, truly rousing. Google and amazon followed facebook with stellar Financial Reports. Those stocks are going straight up. What a day. The conversation this morning is not Hillary Clintons speech, no, its about disgraceful behavior, another fallen officer, and the weak economy. The latest report on growth just 1. 2 . A special postConvention Edition of Varney Company is about to begin. And we begin with this. A san diego Police Officer is dead. Shot last night working with a special gang unit. He had a