Coronavirus cases continue to rise as the fallout cripples the Global Economy. China may be forced to abandon growth targets for the year. We are just getting some news crossing the bloomberg when it comes to expectations for summer earnings out of we are expecting a pretty down quarterly in terms of the impact for the asiapacific. We will be bringing those to you shortly but in the meantime, we have data out of south korea. Shery we are getting the current account numbers for south korea for the month of march. Current account surplus coming in at 6. 2 3,000,000,000 fine 6. 23 billion dollars. The current account surplus narrowing a little bit from the previous month of february. Also, the month of february being revised lower to 6. 4 billion. The goods trade balance coming in at 7 billion. The surplus was a little larger than the previous month. Given that we do have the coronavirus pandemic and april export numbers really taking a hit, the march current account numbers not looking t
Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at this run . At this point, is it getting toward as point
Tenth Straight Record close driven by all the names that worked all winter long plus a strong read on Retail Holiday shopping numbers do not disappoint. And jobless claims fall pointing to continued strength in the labor market joining us for the hour, anastasia om row sew it is great to have you with us. Great to see you. What do we make of this its typical. We melt up into year end i mean, think about all the things that got resolved in december weve got the phase one basically a done deal between u. S. And china maybe a little bit overlooked by the usmca getting passed by the house. Weve got a lot of good enthuse. We started to see the inflection point. Whats interesting in the internals of the market is what people are buying. What do you do when the s p is up almost 30 for the year you start to look for the laggards its emerging markets, health care, energy those are the ones rallying the most to break down those areas you see opportunity over the course of the hour. For now lets
Decision. Bullard should have called for 75 basis points and he could have the job when powell steps down to spend more time with his calculations. I agree completely with bullard, his dissent on 50. Whats he thinking . Then i read his comments and said thats pretty smart it made total sense to me. On the bullard side, this gives you a sense of why its so reasonable i would be watching very carefully for any signs of a downturn. Of course, there are views on the other side as well, from the other dissenters i think the center of gravity, clearly the center of gravity on the committee is the second adjustment was appropriate. Thats right. Fed president jim bullard joins us here in just a moment josh got a cameo in that little mashup. Lucky you didnt wear the same tie. Some of my best work. Yeah, you have to give me the heads up on that. Building throughout the day, hopes of the trade deal, really good housing data. Yeah. What are you chalking it up to lets do housing first. Xhp, itb, ho
In u. S. Subscribers and slower than expected growth overseas. Shery lets get you started with a quick check of how markets closed. We saw pressure across the markets with the s p 500 falling for a second consecutive session, finishing below that 3000 level. We have industrials leading the decline. There was a mixed bag of corporate earnings, not to mention lingering trade tensions weigh on sentiment. The dow down. 4 . Dow transportation average, a gauge of economic growth, also sinking. The fed beige book, nothing that , with jobs slowing somewhat. Lets see how things are shaping up. Sophie we are likely to see another subdued session. Already off yield this morning, but there is some suspense to be had today. Plus, we have jobs data from a strip yet hong kong as well as trade figures from japan. Also in the spotlight today, tsmc with analysts respecting analysts expecting signs of a revival after a dismal firsthalf. Paul thanks very much. Iran offering a grim outlook for any chance o