Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
The very best in the future and delighted in the knowledge that well be seeing him stauchoften. Having established and shown us how its done, on and offscreen, youre an example to us all, particularly the younger members of the onair talent like myself and courtney bill, thank you. You know, when the stakes and nerves are high, hes a mentor thats taught so much to so many of us, both directly and indirectly while his career cant be topped, bill also taught me to look at life as a threelegged fool, work, family and friends, and faith. Hopefully, weapon fi find a newc here with his new position as anchor at large. You know what he would be doing, he would be telling you that we have 59 minutes of trade, and in record close watch. Here is whats driving the action this afternoon. Stocks hitting record highs once again with the s p 500 poised for its straight fourth week of gains. Boeing weighing on the dow of troubles raise new red flags for investors. And Consumer Staples leading the char
Sessions we have all the angles of this market selloff covered for you, though but first, joining us for the hour is aerials investments director of research, Charlie Bobrinskoy here at post 9. Thanks for being here. Thanks for having me. Pulloff pulloff, correction, selloff, pullback, was this over due . Well, no, things changed today. The momentum had been wonderful around trade and people say that people spend too much time worrying about trade. I actually dont think thats true free trade is very important and people say in 1776, the most important thing written was the declaration of independence. It wasnt, it was wealth of nations by adam smith the idea that trade helps us all is something that the markets believe in and when that gets called into question, you get an appropriate big reaction do you think that it is, especially based on the comments we got from President Trump today, do you think that the market is, especially with this pullback that we have seen today, do you thi
You, Procter Gamble Ceo David Taylor will be here to weigh in on what was the best quarterly organic Revenue Growth in years. Joining us now for the hour, though, charlie baa brinskoy from aerial investments. Industrials are an interesting standout today given lowered expectations for u. S. china trade hopes. What is that about low expectations. We had some people report and they were better than peoples fears. We had big companies, the big maker of drilling rigs people were worried about that, they beat, and the stock was up almost 15 Zebra Technologies makes scanners, and that business was better than expected, the stock up 15 . Low expectations, you think, which are easy to beat on earnings, but not on the fed you think maybe only able to cut in the shortterm . Yeah, that is the consensus prediction i happen to agree with it, which is one cut, 25 basis points. I dont think theyll pull a baitandswitch. I think they would not want to mislead the market i think that will happen, but it
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