We stand with the markets. Stocks have bit a bit under pressure but the yield now off the session lows were off the session lows on equities as well the yields are 1. 48 s p 500 is down just fractionally small caps are getting hit the worst there. You see the russell is down by just about a percentage point. Power lunch starts right now and despite growing recession risks, jpmorgan is taking on the bears. The firm saying today that the worst could be over and calling for the market to advance as the year ends. Start with the september surge but goldman, bank of america, and nomura across the market lets get over to bob pisani with more. Bulls versus bears, an old sory, but the bears are getting more vocal in the last couple days a sudden spate of bearish notes. First, Goldman Sachs said the trade war escalation is making them judge down their gdp growth forecast for the third quarter, fourth quarter, and First Quarter of 2020. Probably the most Important Note out there right now. Bank
Report its profits after the bell power lunch starts right now well, it is no longer monday. Thank goodness it is tuesday. And right now, lets take a look at where the dow stands. Off the highs, but up about two thirds of a percent. The nasdaq, which led the market lower yesterday, is the leader it is up about 1 fully. Up 75 points check out some big winners nike, cisco, apple, and disney well have more on those moves later. Kelly. Thanks. With stocks now down 6 from their record highs, a move by the way, that happened in just the last week, we have full Team Coverage of everything impacting your money bob pisani keeping a close eye on the market where were also watching bonds eamon javers on trade tensions Steve Liesman monitoring the latest from the federal reserve, and bob, lets start with you. Yesterdays action was extraordinary. The s p futures moved in a nearly 5 range from the high to the low. That does not happen very often. The main index ended down 3 thats a move that happene
Lets call it 2600 on the dow jones. The hundred on the russell 2000. 1500 on the russell 2000. Caroline volumes down. Lets get a deep dive. Mike i am watching the bloomberg agricultural sub index. A rebound over the summer in commodities has basically completely faded, and that leaves this index new the lowest it has been. As we gauge inflation, districts very well with this tracks very well with bond yields. Corn and soybean. Obviously, the trade tensions with china is hurting crop prices. But there is another thing, the epa decided to give 31 refineries exemption from biofuel acquirements. This is pitting the Energy Department and epa against the Agricultural Sector of the economy. Bloomberg is reporting that there was a meeting today to try to figure out ways to boost ethanol demand. It is not clear that any of these measures will be taken in force. Abigail with stocks trading lower, it is not a surprise it was a risk off day. Bond futures are higher, gold futures, and japanese yen
Talking strange bedfellows im joined by my guest on the bar in new york hes host of the c. P. R. News a daily radio newscast in london we have been he is a professor of International Politics at City University of london with Research Interest in American Foreign policy and its think tanks as well as author of several books including think tanks and power in Foreign Policy and foundations of the American Century and in oxford we crossed to ted see he is a senior policy consultant and British American Security Information Council retired u. S. Diplomat and an expert on strategic intelligence and conflict resolution all right gentlemen crosstalk rules in fact that means you can jump in anytime you want and i always appreciate let me go to london and we were talking before this recording about the novelty of this Quincy Institute coming into being. The media has commented on oh its obviously because of the who is going to be funding it someone very much to the left and somebody very much
Of the c. P. R. News a daily radio newscast in london we have been he is a professor of International Politics at City University of london with Research Interest in American Foreign policy and its thing thanks as well as author of several books including think tanks and power in Foreign Policy and foundations of the American Century and in oxford we crossed to ted see he is a senior policy consultant and British American Security Information Council retired u. S. Diplomat and an expert on strategic intelligence and conflict resolution all right gentlemen crosstalk rules in fact that means you can jump in anytime you want and i always appreciate let me go to london and we were talking before this recording about the novelty of this Quincy Institute coming into being the media has commented on i was obviously because of the who is going to be funding it someone very much to the left and somebody very much to the right before we talk about the principles involved in it what do you think