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Strategists on wall street now see elevated recession risks and a possible significant pullback. Joining us is ian winer. Welcome back. Thank you for having me. Today it is the trump comments that are lifting the market friday they were sinking the market what do you do in this environment . You have to stick to the stocks that you really like because theres absolutely no direction in the marketplace the president clearly isnt helping things i think we are just going to continue to stay range bound at the same time, where global rates are and the fed basically saying theyre going to be there and you are in a little range here i think that the uncertainty itself will outweigh whenats happening and see a correction before we run away to new highs. The risks tilted negatively near term negatively for three months i think. Ians here for the hour lets focus in on the big stories today. Live in france with the latest on china trade bob here at the exchange kate tracking the nasdaq ayman, fir ....
For playing porn music. Almost got it there. Im the short guy played by billy crystal. It is not street signs a. M. No, street signs early edition. No, the squawk brand is much bigger. There you go. Will come up every 20 minutes. I dont mind that. Also people said you have a tendency to kind of hijack the show from andrew a little bit when youre on. I said, you know what, it is friday, you want to do this yourself, i got, like, six papers here. And i have no problem with that. Sit back, relax. July. It is a friday in july. It is a friday in july. Im too tired tonight alpha male today. Are you really . The zzzz male. Yeah, zzz. Like a sitting duck. Someone said yesterday were shameless promoters for the show. I said, what would you rather . Dont watch the show. It is terrible. Berk, our guy, is big on symphony. Here we are, i dont know whether you know whether the symphony is working, but did you notice comcast. The stock is on fire. Almost 45. So there is something to this symphony thi ....
Giveback in the markets, happening as the tenyear yield was climbing and that was concerning a lot of watchers of the market. The dow futures are indicated down by 70 points. The s p futures are dune by about 8. 5. These are some bigger movements because the dow was down by about 25 points yesterday. Giving back all of the gains that had it had made this week. Gains have been modest and this morning you see some red arrows. Didnt get out of hand yesterday, got down 50, 60 points a few times that i saw. And it closed down a little. Pretty good numbers, though, yesterday, to be down. And i dont know if there is anyone today reporting that could turn that minus 70 around at this point. I dont know. I dont know. Would have to be a good report by facebook was really good. And it makes sense because no one likes likes the stocks anymore. The shares traded higher after the earnings and revenue beat the street. The social network reporting an uptick in daily visitors to its service, also sayin ....