Tonight. We have got guy adami and we have tim seymour and steve grasso and brinmar trust jeff mills. Guy, were up 770 points on the dow and we have oil spiking, as well and banks participated and a lot of different sectors participated in this mini run or mini rally and whatever you want to call it is it because of fed help . Is it because some of these coronavirus numbers came down, giving us a reason for optimism or was it Something Else yeah. Typically its all of the above and ill have to reposition my camera in a second and i apologize if the shot is lose pep yesterday made sense to me in the way the market traded up and failed at the levels that we talked about it didnt make sense to me, but to your point, i think the howard marx article helped and the fact that Bernie Sanders dropped out helped and i think the dr. Fauci comments helped and its an amalgamation of a lot of things that are positive and i understand the reasons for optimism my concern is even with the market current
Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like it was better than going and maybethere could be problems
Almost five years of negative rates behind. The governor joins us after the decision. And donald is impeached in the house for abuse of power and obstruction of congress, but u. S. Markets shrugged off the political drama. We are just under an hour away from the start of cash equity trading here in europe. Its taken look at where we are now on the futures picture. We are almost unchanged on futures markets right now. Yes, we have had big drama in washington with regards to impeachment, certainly in the house. The drama will move in the new year into the senate. The markets have been pretty unmoved by that of elements so far, and by that development so far, and the u. K. Equity market is trying to get through some of the slower trading days at the end of the year. We have seen flat expectations for the start of the european day. Thats move to the u. S. Picture. Once again, flat expectations. Yes, we had a lot of high drama, but the markets are managing to lift through this. Lets have a
Shares of pandora sinks and hugo boss predicts recovery next quarter. Former british Prime Minister tony blair tells us exclusively brexit will happen. Everyones politics is weird right now. Everywhere you go in the world and leaders start talking, you get into a competition of whose politics are crazier a lot of people are competing to catch up with us welcome to street signs. Chinese president xi jinping has called for the world to stand firm against protectionism and Standing Firm to protect his countrys environment. Calling for more open trade while not mentioning the United States by name amid multiple reports the u. S. Is considering chinese demands for tariffs to be halted amid a compromise of a phase one trade deal president xi jinping is hammering home a message that Chinese Consumer is critical in his speech this morning, he pledged chinas door would only open more. Translator of the problems confronting the world economy, none can be resolved by a single country alone. We mu
Usa, huntsville, alabama, 11 00 a. M. On wall street. And squawk alley is live good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with leslie picker, mike santoli at post nine of the New York Stock Exchange jon fortt is on assignment, Morgan Brennan is in huntsville. The resurgence of rocket city, usa. Morgan reporter hey, carl, thats right. With a population of fewer than half a million residents in huntsville, alabama, one could be forgiven if they dont realize how significant this area has been to modern american history. Before the 1950s, it was watercress capital of the world. The army moved a Ballistic Missile program here in the 1950s, into the 1960s. Nasa was established the Marshall Space Flight center, began to develop rockets for major Space Programs like apollo, and that legacy has continued all the way into today. Theres Something Like 400 aerospace and Defense Companies operating in the huntsville, alabama area today part of the reason this is called rock