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In 2020. The mcrib is back. We will give you the juicy details. The nasdaq and dow gained. Alphabet soared to a new record as we kick off the final months of this year do you keep with the big tech trade . What does that mean what he is getting himself into. James mcdonald, i want to say on the sides and behind the cameras, welcome i know we are thrilled to have you and cnbc is thrilled to have you. And i know melissa lee is tlo d thrilled to have you because i believe you both attended harvard. Maybe he didnt hear me. He said thank you a lot of stocks specifically google, has been carrying finerman for years but can these continue higher, yes. Although i am skeptical on the broader market, google has been steadfast. They had an amazing quarter, huge run post earnings so we said that night that despite the 12 or 13 move, the stock was probably cheaper then than in the past 24 hours. It is only trading 28 times next years number with a huge cash forward and probably 21 or 22 growth so t ....
Yields crumble this move lower has huge implications on commodities, rates and multinational stocks tim, you say this is the sloppiest chart in the market right now. Why . This has not been orderly sloppy for the dollar is not something we should feel confident about. In the shortterm, i think the dollar is oversold i think we could see the dollar bounce a bit but i think this trend is intact i think its supported by some of the fiscal dynamics and really also a current account surplus in europe that people kind of forget about and banks that are a bit better in europe. What does this mean for oil . We forget that oil was really the asset class that led us down into the abyss this was a sunday evening when people were concerned about the rest of the world and you saw that saudi and russia were not going to deal with oil prices. What it meant for asset prices around the world and certainly for hard assets is very dramatic oil is the last to recover these charts have been consolidating. ....
For hedge funds. The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you back with us on this friday. We have a super sized Investment Committee, josh brown, jon fortt, steve wise, meghan shoe is here, kate moore, also with us today, deproveco lake owes. Lets win with the market stocks as we know by now are lower. It is the move in key areas like bonds that we are watching very closely today. Kate moore, ten year hits 145. The ten i dont remember keeled down 30 to date 30 year yield record low is this a sign that a Tipping Point for stocks is in fact closer i dont think so many things have been affecting the bond market. The liquidity push from Central Banks into the bond market i dont think we should take too m ....
And thank you for transcribing all that were doing. And thank you to cspan for covering us. Without objection, all members will have five legislative days within which to submit additional written questions. Just a few moments left in this testimony. Well go live now to capitol hill for a Senate Subcommittee hearing on data breaches and cybersecurity. Among the witnesses is the Vice President for microsoft. This is live coverage on cspan3. For two invited witnesses who apparently dont share your commitment to discussing this issues. One is for tiktok. If you dont know what tiktok is, you should. Its a chineseowned social media platform so popular among teens that Mark Zuckerberg is reportedly spooked. For facebook, the fear is lost social media market share. For the rest of us, the fear is somewhat different. A com ....
Will ask what hes going to do about that. Thatwe look forward to conversation, in europe stocks are up by 3 10 of 1 , volume is good, trade related stocks are doing well. Car stocks are trading higher, the pound is trading lower, mark carney pointing into the direction of a rate cut. Two members voting for a rate cut and the pound reacting to that. We will talk about it later on in the hour. And a massive move in the bond market, six basis points to seven basis points just a moment ago. Bonds are selling in europe, its all to do with trade. Thats the driving narrative again. Get to thats conversation, the developments oureen the u. S. And china, guest joins us from san francisco. Is anything giving you optimism about where we stand regarding the u. S. China trade war . Its a process. The reason its a process because its in President Trumps interest afford to be a process, we have had headwinds earlier this year. Of ratchetingsed ....