Maria big show this morning, thank you for joining, us, joining us Dagen Mcdowell, jon hilsenrath, veronica, great to see everyone, big news this morning actually, first of all, we have a record high in the markets and we are looking at stocks chattering the records this morning, take a look at futures, s p up 5 and a half and nasdaq up 23 points all markets losed in alltime highs yesterday, the major 3 indices were at unchartered territory and new highs, President Trump touted with strength in the economy during rally in florida last night. You know, we just set another stock market record, the stock market just hit another alltime in history meaning 401 k s and jobs. [cheers and applause] americans have so much to be thankful for, the economy is booming, wages are rising, crime is falling, poverty is plummeting, confidence is soaring and america is stronger than ever before. Maria oh, yes, part of the reason for this strength in the markets is the fact that we may be getting close to
Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today is the mirror image of yesterday, total reverse tomorrow co
Good monday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt we start with a win for microsoft, beating amazon, oracle, ibm in that 10 billion defense contract with the pentagon known as jedi. Morgan has been covering this story from the beginning a lot of news over the weekend. A lot of news over the weekend on this. This was a downright dog fight between microsoft and amazon two years, laden with controversy. What is the joint enterprise defense structure. Theyll unite the u. S. Military within a single data framework, an umbrella cloud for all of the militarys current clouds. Up to 10 Year Contract with ceiling value of 10 billion amazon, microsoft, and earlier in the competition, ibm oracle, even google vying for this microsoft saying we look forward to expanding our Longstanding Partnership with dod, support our men and women in uniform at home and abroad. With our latest unique and differentiated azure cloud capabilities amazon saying were
Hathaway and mcdonalds is the biggest drag on the dow. Coming up on the closing bell, uber results are after the bell. And we will have a live and exclusive interview with the ceo of the company dara cache sha hee you dont want to miss that in one hour keith, great to have you here. Great to be back with you another record day of highs for the s p and nasdaq and now the dow which we havent seen a new record for the dow since midjuly i think we trade higher into the end of the year for lots of things going on. If we start getting capex where things are going with trade talks, then youll see this rally not only continue through the rest of the year but into 2020. All right all right so it is an incredibly busy monday for the markets and your money. Weve got the record highs that morgan just talked about bob is all over that youve got michael santelli. Kate rogers all over the mcdonalds ceo firing. Courtney reagan on the under armour story, and were joined with a new look at what Td Ameri
Wednesday. Closing the day up by 123 points still on track for major indices to see the third week in a row looking at dow futures s p 500 down by 10, nasdaq down by 25. What happened . Stocks took a dive it was more a product of the percentages were going up for powell to have another cut all but factored in. Bad news has become good news. Good news has become good news if you look at the december percentage cut, it doubled 30 to 60 . October, yes december, yes. Sort of. The market took that as a positive well see what happens today the jobs report is the all important one that hits in 2. 5 hours time. Looking at what happened overnight in asia. The nikkei ended up by about a third a percentage point the hang seng is up just over 1 you are looking at a mixed picture. Not Much Movement for the dax or the ftse a little weakness in italy and spain. Looking at treasury yields coming under pressure on this data in terms of the ism manufacturing numbers and the nonmanufacturing ism we got y