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all-time highs for the dow and s&p within striking distance. but we have a tale of two tech movers. twitter shares are soaring on strong user numbers. peloton plummeting. no sleep as casper is set to make its debut here, pricing at the low endi, far from unicorn status. the february rally rolls on. the dow is on track to open at an all-time intraday high. china says it will cut tariffs on $75 billion on u.s. products in half, follows a similar move by the u.s. following the recent phase one signing. however, also being seen as a move to boost confidence amid the outbreak of the coronavirus and resulting economic impact. mnuchin is on tape saying the u.s. is probably not going to see 3% this year largely because of boeing, so a couple headwinds. yeah. look, these remarkable days i think have largely been china-related in a positive way. china seems to come in every day and do something china cutting v.a.t. the other day, injecting $75 billion, before that china i ....
good wednesday morning. welcome to squawk alley. i m carl kint nia with brett and morgan at the stock exchange rallies are not far from the fresh all-time highs let s talk about what s going on pay, bob. we re in a round trip situation. remember when we were martin luther king weekend? we re essentially back to where we were, 3,220, back down about 3%, home trip there and 3% or so and all the way back up to where we were prior to that. that s an important move here, round trip what s moving things let s call it faith, folks fanl in the markets. faith in the coronavirus containment is the most important thing. but there s also faith in the fed out there that they re going to save us faith in global stimulus, that that will save us as well. perhaps even more importantly faith that the global slowdown is only temporary. and what we are seeing with concern to some of these companies will essentially reverse. we have been highlighting what companies have been saying th ....
the ten-year getting close to 1.6. and oil is increasing after a bear market on monday. stocks are set to open sharply higher as virus fears abate. china set to take additional steps to stabilize the economy. plus tesla shares skyrocketing jumping another 15% in morning. they re up more than 100% this year, buff course the question, is this meteor going to come back down to earth oo and the winner in iowa, democratic candidates remain in the dark about the timing of the iowa caucus results. we ll start with the markets as stocks set to extend yesterday s rally in a big way despite the concerns about the coronavirus. dow s on track to erase its year-to-date opens. w.h.o. says there s no evidence of mutation and you need close contact to contract the virus. i think this is unprecedented. china s injected i mean, this is just utmost fierce intervention i ve come across. but i think yesterday the cdc had a press conference. and it was a very good press conference. i ....
positions. bullish new calls on a number of big retail names the stocks that should be on your shopping list the investment committee is ready to go. halftime report start right now. welcome our investment committee here today, joe terranova, jim laboren that will, and stephanie link we begin of coursewith the markets. best day since june. stocks staging a rebound i guess this is the markets saying the virus is a big story but maybe the worst has passed i think that s a logical conclusion i think it is also fair to say there will be repercussions and they will be transient, won t be that great disney after the close today i bought shares last week. what do they say about disney shanghai not just shanghai, but what are they saying about theme parks overall? i flew this weekend. one person s anecdotal report, i thought the airports and airplanes were really empty. do airlines come out and say something? all of this should be localized to the first quarter but we h ....
welcome to squawk alley. i m carl quintanilla with john fortt, sara eisen of post 9 of the new york stock exchange. the s&p, the nasdaq, the russell all hitting record highs the dow is very close to a record of its own. we re in a period of time here seasonally the markets tend to do well. it s been about two weeks since we saw not only intraday highs, but even back-to-back gains on the dow and s&p. technology is in the lead with some familiar names dom pointed to paypal, chip makers, technology stocks. the best performing sector of the year continues to plow this market forward deals are also a big theme, and the question this morning is how many of them are going to get blocked. $200 billion worth of deal this is month, according to deal logic. that is actually a record high for the month, and a lot of it they paint in the backdrop of amazons, facebooks, and googles, john, just getting bigger and disrupting industries and leaving companies figuring out the next st ....