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Highest on the street. Well debate in our call of the day. Plus ten Growth Stocks that look attractive right now. The Investment Committee is ready to go. Halftime report starts right no now. It is good to have you with us on this wednesday steve weiss, carrie firestone. Also with us on set is mike wilson, the chief u. S. Equity strategist at Morgan Stanley we begin where else . The market stocks are reversing significant overnight losses to be mostly positive now, s p and nasdaq hitting new alltime highs clearly this seems is the marke making a bet, that while tensions with iran may continue, the conflict will not. Lets see if we can simplify a complex situation. Obviously the geopolitical tensions cause volatility. What keeps the market on stable footing is liquidity and the fed and everything its done to increase ....
China trade deal jobless claims fall. And real estate and staples are leading the charge joining us for the hour is stephanie link were both feeling the holiday red but we got a green market. Like a christmas theme were now starting to see internalsin the market thats confirming the stabilization look at the 210 spread, the yield curve is steepening. Nats a good sign asia stocks, they are breaking out. You look at oil up 10 in the past month all of these things are confirming were seeing stabilization and that sets us up for 2020 seeing better growth my biggest question mark does this translate into better earnings i think we will see better earnings which maybe not right away you have pmis globally that are stabilizing. I feel good going into 2020. It has to be an Earnings Growth year all three averages are up half a percent first lets focus on the big stories were watching Kayl ....
It wasnt the highlyanticipated speech from fed chairman Jerome Powell that sparkedy to intense selling. Instead, it was a new record ou tariffs imposed by the chinese ndvernment on goods President Trumps response to hike more tariffs on chinese goods. It all served to escalate the trade waretween the worlds two largest economies. That clouds the outlook f theon y and it rattles wall street once again. Here are the closing numbers for this friday. The d industrials down 623 points to 25,628. Sdaq fell by239, and the s p fell 75. Seema mody walks you through this day from the new york stoc exchange. It was another dizzying day for the stock market. Equity futures initially rose oe encouraging cs from fed officials but just befor 8 00 a. M. Eastern, china announced retaliatory tariffs firing the latest salvo in the trade wars. At 10 00 a. M. Astern stocksli ed off their lows bri ....
Vietnam coverage lets look at futures now as we get set up 30 minutes from now for the opening trading for the week were looking for a higher open at this point after a strong week last week road map, it does start with geopolitical risks for stocks. Iran and trade remain, of course, key focus. Stocks set to open higher as you saw. The dow now on pace for its best june in 80 years. Plus, President Trumps rate rant the president calling out the fed saying it is acting like a stubborn child. In deal moves, eldorado i cs entertainment, 8. 5 billion equity val ue deal, well dig into it. We enter the final week of june, the upcoming g20 meeting, tengs between the u. S. And iran and President Trump once again criticizing the fed. This morning, a little while ago, he tweeted, despite a Federal Reserve that doesnt know what i ....