Some fears over china trade. Retail sails topped expectations in october, climbing by 0. 3 and oil pointed to surging Global Demand in the quarter. Joining us is lindsey bell thanks for joining us. Good afternoon. We mentioned on track for three record alltime closing highs at the moment and also on track for the sixth week in a row of gains for the s p thats a remarkable run. It is absolutely a remarkable run and theres a few things that have gotten us here we have more clarity on the fed. Theyve cut for the third time and theyre willing to maintain the stance where they are right now, keeping rates where they are. The Third Quarter earnings season was very good and weve seen an easing of trade tensions while theres a little bit of uncertainty there, that could rattle the markets going into the end of the year. All things understood, the economic environment though does still feel pretty good. Lets focus on the big stories we are watching today. Kayla has details on those china trade
Gaveltogavel coverage of the u. S. House. Members will begin work on an bill. R trading live now to coverage of the u. S. House here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father con rye. Chaplain conroy let us pray. God of wisdom, we give you thanks for giving us another day. Prior to the great compromise, Benjamin Franklin addressed the constitutional convention. Quote, we indeed seem to feel our own want of political wisdom since we have been running about in search of it. This situation of this assembly, groping, as it were, in the dark, to find political truth and scarce able to distinguish it when presented to us, have we now forgotten our powerful friend . Lord, you are the powerful friend referred to by franklin and we turn again to you to ask that your wisdom might break through the political discussions of these days. Bless the members of the peoples house and all of congress with the insight and foresight to
Records. The dow 28,000 thanks to optimism on a trade deal, ral in Health Care Stocks and uppete report on retail sales, an indication the consumer which has been powering the economys still strong. Here arenghe clo numbers. The Dow Jones Industrial average rose 222 points, to4. 2800 the nasdaq up 61 and the s p 500 added23. The sixth straight weekly gain for the s p 500. The longest win streak for that index since 2017. Bob pisani takes a look at what to make of the bullishness. Another day of record highs. The s p broke out of therading range into record territory, universityia is growing and pretty fast frankly. A number of technicians have but notust the chartists ently feeling good about the trends. Eventrategistnd everyday Retail Investors are getting gunning hoe on the market. Barclays for example s that small caps are at a turning d point and poio outperform. Morgan stanley also saying a key rotation from Growth Stocks to value stocks is beginning. Even the average Retail Inves
We are going to have a great night tonight. We are honoring literary liens, emma white will be honored, a big night for the Massive National Book Foundation for literature, culture, a big night for all of us. When i have the ability to stand in front of people i mention my mothers name jean christian. She is the reason i like to say about my mother i am the man that i am because she is the woman sheis or was. My mother was my first teacher. My mother graduated from college at the age of 17, the first person in her family to go to college. For me to be a wellknown literary advocate in this nation, a place where only a scant few generations ago it would have been illegal for me to read is no small thing. [applause] literature is the birthrightof every single one of us, no exception and if you can read in at least one language youare in my definition free. That is to say , no one can pull the wall over your eyes. No one can give you a set of what they want to call alternative facts and co
Says military cloud contract win. And Restoration Hardware surging at the open, Buffetts Berkshire hathaway revealing a new stake in the furniture retailer stocks are looking to make more history a day after the s p posted its 21st record close of the year futures up on comments from larry kudlow about progress of trade talks in china, upbeat news about the consumer adding to positive sentiment. Retail sale s rebounded in october. 3 but strip out gas, it is a miss. Strip out autos and gas, it is a miss as the threemonth average continues to slow. Jim . Look, i there is just the mixed picture keeps making it so it is bullish. It is amazing. If it were too strong, we would have to say that jay powell has they still play by jay powell there is just enough tease with trade talk i have my view on what is happening now and it is not as sanguine as what people are saying this is about farm, about ag, and it is about this is my understanding, not necessarily about soy. A lot of pork involved b