Nest nestle im morgan brennan. That news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets Software Stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. Great to have you. We certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u. S. And then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. Now we get a statement i was looking at it this morning. You hate to be reminded youre losing money i figure if the stock, when the max goes back stock maybe misses on the first 10 but i wont have to deal with that and losing capital heres the statement from the company. Ill read the first few words. As we have emph
And tony dwyer leaves the pen. Staying now is time to take profits. We tell you what has him a bit nervous. All that ahead we begin with earnings alerts on ibm and netflix. Both stocks on the move after reporting numbers. Both stocks moving higher. As always full Team Coverage standing by to break down the big moves. Julia boorstin digging in on netflix. Lets begin with deidre bosa. A green on the screen for big blue. Ending the streak of declining year over year revenues five quarters that have but is it too soon to call a turn around . Remember we saw recovery in 2018 but didnt last. The revenue grew a 10th of the . And shares popping because expectations were so low and now gains up lower than 4 a sustained turn around will depend on the bet on hybrid cloud and the 33 billiondollar red hat acquisition. There are early signs of promise. Cloud revenue hitting 8. 6 billion comprising 30 of revenue. Ahead of the report ibm saw downgrades from Morgan Stanley and every core this table sug
Through a revolution what will 2020 bring and what names should you buy were going to begin with todays markets and bob pisani at the New York Stock Exchange. Happy new year. Listen, joe, we are way off of our lows lets take a look at the major average. All three of them still down, yet things are moving in the right direction. Apple turned positive. Nasdaq down here today dow industrials, youll see theyre down 95. S p we were 3216 was the low there. Take a look at the s p 500 essentially the lows were at 10 00 a. M. And buying came in. Its not heavy buying. The volume is about average for a day. But remember, this is supposed to be a very light volume week, so even average volume is better than normal. What has been weak in the market were way overbought, so big momentum names would be selling off. So semiconductors, Home Builders have been really strong, tesla is weak. Master card and visa, big momentum names, all of this makes a little bit of sense when youve had the price runups wh
Then we have the 10 year yield down to 1. 86. A little bit of buying in u. S. Treasury pending appeals lord. Guy lets look at what is happening in europe. Stocks are up by around 1 . Bullish as the day has progressed. Every sector is in positive territory. Eurodollar is a little softer, still north of 1. 12, but only, just as you can see. We are getting a bit in the bond market today, five basis is over , unwindingan 10year the moves we saw on december 28, 20 night. Is this going to be sustained . The data out of europe are not great, but from a Broader Market perspective, we are definitely riskon this first trading day of the new year. Does it imply anything for the rest of the year . I very much doubt it. Lets get perspective on where you will potentially be making money in 2020. We are joined by Alberto Gallo, portfolio manager. He is going to give us perspective on where we are going to do well and where we will not do well. Where am i going to make some money in 2020 . Alberto it
Stuffers, four names you might want to put on your list but we begin with big news of the day, boeing shares getting a pop thanks to the company firing its ceo phil he wilebeau is in chicago the details. The board of directors met over the weekend Via Conference Call and sunday night the boeing board said weve had enough of dennis muilenberg. They reached the decision sunday night to for him effective immediately. Basic at this it comes down to this a couple of things happened in the last two months that the board said weve had enough. The broken faa relationship which weve talked about and halting 737 max production, thats a a mop umtal decision boeing reached last week, one they never had before. The new ceo is the former executive chairman dave calhoun takes over as ceo and president effective january 13th whats his game plan, rebuild the faa relationship and to that end he called the head of the faa this morning and said we welcome rigorous oversight also a reset for the 737 max, t