Confidence ticking lower in november though still largely positive. Joining us for the hour is mark tepper from Strategic Wealth partners mark, welcome. Thanks for having me. Even as i just went through those different points that are driving the action today, weve got records again for the dow and the s p, albeit just barely. Right, yes. I mean, all investors are pretty much still riskon and whats most surprising to me is you have this news coming out of china where china is potentiallily bay lbalking at ae deal, but were at a new alltime high. The market has shifted from one of economic deflation to policy reflation and thats typically good for stocks, right a low inflation, Slower Growth economy is good for stocks over the next six to nine months, now would not be a good time to be underweight equities. You want to be pathetics right now. Is the trade deal priced into this market . I think completely, almost fully priced in right now. I think weve seen quite the runup over the cours
Elon musk unveiling his latest at an event last night retail wraps up a busy week as Worldwide Exchange begins right now. Good morning, happy friday and welcome to the show. Stock futures are moving slightly to the upside the dow moving up the longest losing streak. The s p seeing the longest losing streak since september. The dow is at risk of snapping its winning streak as future gains hold, the dow would open up by about 59 points and the s p by about seven points as well if you look at the 10year, we are slightly lower on the day, about 1. 755 twoyear about 1. 597 . Japan did finish off in the green up 0. 3 . China, you can see closing up as well a half of one percent main land china up 0. 2 . In the european trade, we are seeing a little mix there. German dax up 0. 25 . Those trade tensions continue to be front and center. Chinese president saying china wants to work for a trade deal but is not afraid to fight back. Our own eunice yoon is with us put those comments in context. It
Tuesday ahead as early today starts right now good morning im phillip mena. And im frances rivera. The busiest day yet in the impeachment inquiry gets under way in just hours with four witnesses set to testify about President Trumps ukraine scandal. House democrats continuing to build their case overnight releasing a pair of new transcripts from testimony taken behind closed doors. One is from Foreign Service officer david holmes who is now slated to speak publicly on thursday he is the official who says he overheard a conversation between Eu Ambassador Gordon Sondland and the president. In his deposition he said the ukrainians, quote, came to understand what was required to set up a meeting with the president. He testified, quote, ive never seen anything like this. Someone calling the president from a mobile phone at a restaurant and then having a conversation of this level of candor, colorful language. Theres just so much about the call that was so remarkable that i remember it vivid
Honoring the brave men and women who served our country in the armed forces, President Trump becoming the First American president to attend new york citys veterans day parade. How the white house and businesses across the country are working to give back to our nations heroes. Anger and rage on the streets of hong kong. A prodemocracy protester shot at close range by police. A counterprotester was set on fire. The latest response what is an escalating crisis. The force is officially entering the streaming wars. What you need to know ahead of the launch of disney plus which comes our way tomorrow. Melissa Jackie Deangelis on the floor. New york stock exchange, blake burman at white house and greg palkot in london. Susan li is in the newsroom. Wow, that is lot of firepower. Well start with jackie. Appears another record for the dow jones, finishing up 12,693. Dow started out in the red this morning but a turnaround from boeing definitely helped. Shares up almost 5 during the session tod
Travelers. Biogen, set to seek Regulatory Approval for a treatment for alzheimers for early next year. U. P. S. Shares sinking ahead of the open, despite a pretty nice ecommerce boost to profit. The ceo will join us later this hour. The ceo of verizon as well will be here at post nine in a few minutes. An interesting announcement, another guest as well, but i guess it is a mystery. Well wait to solve it in a few minutes. Lets start with earnings, dive right in. Tale two of dow components, p g up, quarterly beat helped by Strong Demand by premium Beauty Brands and mcdonalds falling on an earnings miss as growth on us comps came in below forecast u. S. Mcdonalds 4. 8, looking for 5. 2. Jpmorgan told us the quarter would run light. Im glad you messengered that a lot of people are saying this is a big surprise, a negative surprise if you listen to what jpmorgan said, you would have been ready for exactly this number, which basically to me says not as bad as feared. 5. 9 , thats a number th