Balloons increasing 26 to just a little less than 1 trillion. Joining us for the hour is chris verona, Strategas Research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. The lack of euphoria is telling. Theres this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. You see it with semis and with trucking stocks, german dax is at a 52week high, the banks are acting better. I think the tone of the market is so different than what the tone of the front page of the paper says every day and i think thats bullish great to have chris with us for the whole first hour of the show, particularly given that we might have that record alltime closing high for the s p 500 the key level to keep an eye on, by the way, 3025. 9. We are at 3022 at the moment lets focus in on the big storie
December 2008. Brent had its best day since collecting data. You are still looking at wti at 61. 81 and present at 65. 85 in asia, the knnikkei up about 3 points this morning, some early trading in europe, fairly muted there. Ftse slightly higher in france, the cac slightly down, so is the dax. Check out treasury yields, the soyear is now yielding 1. 833 the 30 year a little lower but well above what weve seen in recent months. Lets talk about the corporate story of the morning wework now delaying its ipo. Surprise but says it will still go public by the end of the year the company has been prepared for its investor road show which was supposed to take place today. But made the decision last night to stand down. This reportedly over concerns that there is not enough stock mark et investors. Work reporting they will not go public until at least october at the earliest adam neumann wants to get through the jewish holidays before he considers the next steps. Because that is what is keepin
Interview first on cbs this morning. And the age ofaquarius, a rare visit to an underwater lab where scientists studying Climate Change can work for weeks at a time. Its monday, september 16th, 2019. He is todays eye opener, your world in 90 seconds. Secretary pompeos made clear that the Iranian Regime is responsible for this attack on our Global Energy supply, and were not going to stand for that. The president says the u. S. Is locked and loaded following an attack on saudi arabia. The attack on the beating heart of saudi arabias oil production, pitting the Worlds Largest Petroleum Processing plant, has made oil prices soar. Thousands of members of the United Auto Workers went on strike at General Motors. After contract talks broke down. The New York Times reports it has uncovered a new Sexual Assault claim against Justice Brett kavanaugh. Impeachment is something you can look at, but youve got to get the documents. Two decks collapsing on top of each other in wildwood, new jersey, s
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
spending part of your monday with us. we are grateful for that. the beat with ari melber starts right now. hi, friend. i, ali. thank you so much. welcome to the beat , everyone. and i m ari melber. i m just gonna start like this. if you go back to 2015, which is a different time in american politics, there was major interest in finding some sort of alternative to the burgeoning trump maga onslaught. one conservative wrote a whole book about what he cast at the time as potentially informed conservative alternative to what he called the reprehensible donald trump. a book which advances his own profile so much that you saw an opening to run for office. and then, as you see in the images on your screen, this individual lived out the very trumpism, that reprehensible dogma, that he spent all his time documenting and fighting against which is what he wrote about. but he figured out that after doing all of that and doing the book, that trump could help him win what he, want a s