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The dow plunging 280 points and s p 500 down 6 and nasdaq down. 55 but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening . What does it mean for your future and your portfolio . You have to think about larry kudlow, the chief economic adviser and Steve Mnuchin and thought china would be willing to open up the economy to American Financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. But the hardliners in the white house, no, they warned us. They warned that if the free traders kept talking up the prospects of a ....
Med, which helped lift the mood. Well have more on that in a moment. Anl streets view of the u. S. china trade negotiations, which seem to changeil they were optimistic today. It all contributed to a continuaon of the latest rally that began in early october. The dow was up another 190 points, nasdaq was up 112. S p added3. Mike santoli takes a closer looe ater the new highs can hold. Wall streets record rally t slowed in rec weeks but not yet stopped. The broad s p 500 drifted to a fresh alltime high monday, it up only a fraction of a percent over the past ten days. Now with th i ahead by nearly 25 for the year, the question turns to wheer the rally has already priced in most good news on th economy and trade or whether the market is really pausing ahead of a typicalun homestretch higherhrough december. The key drivers for the markets recovery since august remain in placsi raant rec fears in late summer now appear unfounded. Mobile growth is showing signs of picking it. The United States , City Of , United Kingdom , Bell Palo , Zillow Schuyler , Jack Kline , Tiffany Bo , Schuyler Olsen , Mike Santoni , Cnbc Tim , Brian Sullivan , Good News , Key Drivers , Late Summer , Federal Reserve , Market Action , Investment Officer , Asset Management , Last Point , Less Consumer , Santa Claus , Market One , Stock Market , Second Quarter , Months Next , Republican Convention ,
Way to be first in line. You are like one of those fans who show up at 5 00 a. M. Nice to meet you. Thank you very much. Thank you very much. Thank you. Thanks for being here. 1, 2, 3. Thank you so much. Thank you. Welcomed. I work here at the college. Very nice to meet you. Im fully on board, i brought my mom. Thank you for being here. Hello, andrew. Nice to see you. Andrew thank you for being here. Great, how are you . Nice to meet you all. Thank you. Thank you all. Nice to meet you. Hello, hello. Making a morning of it. 1, 2, 3. One more. Thanks. Nice to meet you, as well. 1, 2, 3. Thank you. Good morning. Thank you for being here. Look here. 1, 2, 3. Thank you very much. Did you get it . See you later. Conversations] [indistinct conversations] anything formily, a haircut to a dental appointment numeral congratulations, man. You do incredible work. We bring businesses together as a region. Every politician, democrat and republican [indistinct conversations] andrew i think most ameri ....
Good monday morning. Welcome to squawk alley. I i am Carl Quintanilla with Morgan Brennan and jon fortt senator Majority Leader Mitch Mcconnell is going to talk trade, usmca and more. A big hour ahead. First we begin with ipos, and performances for recent debuts after a hot start to the year, we close out the last trading day of the quarter uber and lyft down more than 30 , slack down almost 40. And this morning, wework officially pulling its own ipo cnbc contributor, New York Times columnist kara swisher joins us holy canoli has it been a rough quarter for ipos how do you see it, as a resetting or private market valuations coming back to earth . I see it as math. Math wins. Thats what professor gallaway was talking about when we talked about wewo ....