Well. It looks reasonably stable. The u. S. Is simply in a better place. The economy has continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out all of the noise of trade and inventories. Inventories and trade, that is not indicative of the underlying economy. Underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. Nowhere close to recession. Jonathan joining me around the table is matt hornbeck, greg staples, and from london, ian steely. Ian, lets begin with what must be the most hated 3 read of gdp in america in recent memory. Why . You say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. It is one of those, you beat expectations, but the mix of it was not great. It shows what people have been saying, we are in the slow trendlike growth environment, which is good for all assets and why all asse
The u. S. Is doing relatively well. It looks reasonably stable. The u. S. Is simply in a better place. The economy has continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out all of the noise of trade and inventories. Inventories and trade, that is not indicative of the underlying economy. Underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. Nowhere close to recession. Jonathan joining me around the table is matt hornbeck, greg staples, and from london, ian steely. Ian, lets begin with what must be the most hated 3 read of gdp in america in recent memory. Why . You say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. It is one of those, you beat expectations, but the mix of it was not great. It shows what people have been saying, we are in the slow trendlike growth environment, which is good f
Good afternoon. Welcome, everybody, to power lunch. Im Tyler Mathisen odd kind of trading day. Boeing, of course, weighing heavily on the dow as it has all day long, but most of the stocks in the dow, the 30, led by apple, 3m, cocacola, all rallying s p 500 soaring more than 1 almost 2 gains for the nasdaq composite, as you see there. 1. 87 nasdaq, 100 on pace for the best day since mid february apple, microsoft, amazon, facebook, they are leading the way. And leading our coverage is bob pisani at the nyse bob . Tyler, we had boeing cutting its losses in half essentially and thats why the dow has rallied here and look at boeing, you could see some of the suppliers that boeing has. United technologies, one of them earlier on but most of the suppliers also well off their lows united tech, as you can see, has gone positive. But elsewhere, its one of the best days we have seen in weeks down here. The market internals, how it trades internally, looking especially strong 41 advancing to decl
Time for judgment because information has not made public and so analyst are trying to remodel their forecast, they are up 2 after yesterdays extravaganza. Crude oil is up at most 2. 5 . The priceconcerns as of the barrel of dub uti is higher. I wanted to point out the storyh lira, that continues, its almost impossible to short the lira. At one point it was costing 300 sense to borrow lira in the last day or so. This could be one of the reasons why gold is higher as well. Inversion, what yield curve inversion . European stocks are big, you mention what happened with crude stocks, this is one factor as to why europe is trading high, health care as well. Europe is trading higher and the pound is big this afternoon. And the leader of the brexiteer cop bigs caucus was talking about the fact that may be voting for theresa mays Withdrawal Agreement could be forward or we may breakup end up with no brexit. Tone inally a risk on the market. Butterfly in the ointment is what is going on with th
Again, that gain was the biggest weve seen since february 15th will you see that the nikkei ended up thin in europe where there is some early trading majority taking place as we hear more about the brexit talk, it looks like the ftse is flat at this point. Cax higher dax flat, too. A little bit of lack of momentum across the board well see how things shake up as we go deeper in the trading day. Take a look at whats been happening in the treasury market here in the United States the tenyear is yielding 2. 666 lets go across the pond and talk a little about bit about the new brexit negotiations. Prime minister theresa may announcing legally binding assurances from the e. U. In a last ditch effort to persuade parliament the pound moving higher overnight on that news we will get a lortd from london in just a couple of minutes. The faa at this point doesnt plan to ground it closed above 400 after all is said and done. That was down 22 you can do the math for how effective the dow is its bee