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Big stimulus deal coming, and in the words of may 2 pelosi, that could be within hours the words of nancy pelosi, that could be within hours. Bloomberg u. S. Dollar index is down by 0. 9 . London in the in u. K. As well. Guy a lot going on in europe. Pmi data out a little earlier on that were absolutely bad. We have never seen numbers this bad. Despite this, we are seeing sterling rising today. We are seeing the euro catching a bid. But the pmi numbers really are portending to a very grim economic gdp data coming down the pike towards us. We have the stoxx 600 up by about 5. 6 . Bond yields selling off, so at least that seesaw is working. We are also seeing a pickup in the price of brent crude. Statement, the g7 calling on opec and opec to try to provide some stability and it comes to the crude markets as well because that has been a major catalyst for this downturn as well, the oil shock we are currently experiencing. A you say, the big news from european point of view is likely to co ....
Higher, the nasdaq also turning positive for the year. And all 11 sectors finley in the green on the s p 500 but, hey, dont look now because over there, in the bond market, yields are still trading near alltime lows, the 10year grows a bit but at 1. 06 yesterday, of course, below 1 so were doing something a little bit different at the top tonight. Everybody ready . Go. Do it, brian. Were going around the table. And i want each of you to give our viewers a simple answer to a sifrp question starting with guy adami. Yes, sir why were we up 1,100 point. The short answer is i have no idea, brian. Thank you. If you ask me to ask, i think joe biden had a lot to do with it you brought up that. Maybe in rert expect, the Global Central Bank nonsense or lunacy kicked in. Maybe we were in an oversold condition. But i got to tell you last night sitting here the same time given the close with the fed news we absolutely retest the 2,900 lev ....
Its the first time anyone ever said that to me. I said who is this guy hes the governor of iowa. He just said dont say bad about china. So i had to rip up about half of my speech. Right . I said why he said we do a lot of business. Ive been dealing with china for 35 years with corn and Different Things he told me a story that was amazing. 35 years ago when i started, i met a man named xi he wasnt president it then. He was a young man and the governor came back he told his wife, he said this is 35 years ago and its documented. He said, i just met the future president of china and nobody thought much about it you know what . 28 years later, you turned out to be right. And you have been an incredible ambassador and they like each other so much so when it came time to pick the important position of ambassador, i said havent you had enough after 24 years being governor of iowa he said if you want me to do that, and its been a great y ....
Ready to go. Halftime report starts now. Welcome good to have you with us on this monday our Investment Committee is here with us. Chief Investment Officer at boston private wealth. Begin with stocks battling back heightened tensions in the middle east continue to drive trading. Watching gold, oil hit highest level. Weis, happy new year, havent heard from you in a few weeks. The question we have today, are the risks becoming too big to overcome this rally . I dont think so. I dont regard happening in iran as geopolitical risk a factor. Weve seen it so many times before markets have gone through it if oil has a sustained rally and moves higher, that will impact the economic picture particularly in europe i dont see that happening either were the large zest producer. We can measure demand to meet prices to me a bigger risk that just came out is bolton testifying in co ....