Field . On a number of occasions we have issued public statements and communications to our supervisory group. We dont want to be on a hair trigger to classify loans or call them loans or anything like that. We want to look at this as an unusual situation and be flexible and thoughtful about the way we do our jobs. Of course we havent been really supervising. Were only starting to supervise again. At the fed were going to do it remotely. Were not going to be visiting yet but that time will come i think fairly soon. But were doing training for our supervisors and things like that so we want to be we have also by the way, we have encouraged banks to use their buffers. And in a similar way that Mortgage Backed securities can. Do you think that the threat of clo is properly accounted for and can you discuss how the fed has been monitoring this risk . And thats not the case. We have really good information. We include them to the extent and we include them in our stress tests and we stress
Stock. Its our call of the day the Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us on this thursday our Investment Committee at the table. Josh brown, steve weiss and director of market strategy. Well begin with the selloff stocks rebounded and down again. Another volatile session all three major averages were down half a per at the lows. You have your special suit on today. You get the ball first s p coming off backtoback declines and today you got what you didnt want. A read on the Services Sector which suggests that were slowing there, too well, it was telegraph 48 hours ago when you saw the Employment Index and warranted at the time to give consideration of the strength to not only domestic economy but the Global Economy being the u. S. Consumer and were they in a position where they weto weaken. As it relates to the market, absolutely the selloff is warranted if youre going to see the consumer weaken i think it also gives yo
The United States mexico canada trade agreement. Trumps comments pouring cold water on the market. The dow is off its high of 257 points to the upside. Its now trading to the upside by 215. Now the broader market, the s p 500 did hit an alltime intraday record high at the beginning of the session. Now its about 50 points from that, at 2949, a gain of 23 points. Nasdaq above 8,000, up 48 points. Oil, huge story today. Surging on worries about the situation in the gulf. We have seen the biggest percent gain of the year. The u. S. Chamber of commerce looking at Economic Optimism on main street. We are live in beijing, china exploring the challenge of china and charlie breaks it on the potential boost that the tmobile sprint deal might be getting. We are less than an hour to the closing bell. Im Lauren Simonetti in for liz claman. Lets start the countdown. Lauren breaking news. Walmart agreeing to pay 282 million to settle a bribery investigation. The department of justice and the securiti
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
Dow advancing 47 points. S p gained. 52 . But the nasdaq jumped. 9 . Hallelujah with todays strength its important to note that the nasdaq and s p both finished the month of february at record highs. Something i regard as quite simply amazing given all the woe and worry that we endlessly hear about. What fueled todays rally . Its actually a complex formula of emotion and Empirical Data ware widespread sense of negativity gets proven wrong and remember, why we like stocks shines brightly. Smashing the allencompassing gloom. The house of pleasure lets start with the setup. We get data from all sorts of places the census bureau, bureau of statistics, bank of st. Lou, s p global, commerce department. Often these figures dont mean a hill of beans but periodically when the fed is in play they can mean everything. Especially if you know that the fed cares about some pieces of data more than others. Right now the fed is very much in play. Weve been getting some hot Economic Data of late. They