Dow down about 30 points though fractional moves if you look at whats working in the trade, its not your Traditional Technology and consumer names its utilities, health care and materials. What is netflix big miss for the growth trade is this a warning shot of beloved technology darling getting too high expectation it might be tactically on the short term but i dont think long term. For you to see a true rotation out of growth into value, you actually need to see Economic Growth and acceleration and a little bit of inflation. While we are seeing improvement in growth, we still have a long way to go. Were definitely seeing the better growth. Look at retail sales, Industrial Production this week every week were Getting Better data whether it lasts or not because of the closure is a big question mark. We are seeing better growth. What we dont have is inflation. Thats what value needs to out perform growth for the time being, i think youll continue to see growth in value as i mentioned, ta
A survey says more than half their nts will keep children at home. Hong kong stocks see a rally from u. S. Holds off tough sanctions. Ain line equities are unfazed by the unexpected pull jack. Good morning, everybody. To the markets straightaway. Well show you what weve right the futures now. This is a picture for you. Futures certainly suggesting strength some coming from the european equities session. We have a little bit of catchup to play in the but not to the extent that we see futures bouncing in europe. Some expecting strength perhaps in relation to the opening up story. Far fingers crossed, all fingers crossed. Well keep alert definitely to a second wave and talk to our guest about the subject. Some catchup with the u. S. U. S. Futures look a little more sanguin, of the y very aware violence thats been taking place. Weighing on investors minds no doubt although equity markets seem to be last from this story week. Well see whether that lasts. Thats what weve got in erms of the f
Of the trade war and turkey agrees to a temporary ceasefire in syria. Pencera jumped as mike said tariffs will be lifted if the truce remains in place. Liveeen im Kathleen Hays in washington, d. C. , at the Imf World Bank annual meeting. In this hour, i will be speaking with the secretary of finance from the philippines and the Bank Indonesia Deputy Governor about the impact of the trade war and more and what policymakers can do about it. Shery first, let us get you started with a check of the markets. We are seeing u. S. Futures unchanged after stocks climbed to an almost a record high in thursdays session. The s p 500 at one point topping 3000. We had health care and real estate leading gains. We had mostly positive Quarterly Earnings results. At the same time, we had more Risk Appetite as we saw that u. K. And the European Union struck a deal. The dow, though, underperforming after ibm disappointed with results. We are now looking forward to more data coming out of asia. Sophie we h
How many are from the boston area . Have any of outside of boston . Capitalist . How many people think they will invest in asia . [laughter] thats why you came. So you have two very distinguished authors here and individuals will introduce the briefly and then we will get back into the background in the conversation. And going to college at trinity then later did a number things the journalistic area started his own magazine worked at the Washington Post for many years is still a columnist and for his writing since he won the Pulitzer Prize now the robinson professor of Public Affairs at george mason and this is in addition to writing books. And to his right he lives in singapore and flew it all for this event more or less. [applause] he grew up in many places around the world and is a graduate of Georgetown University and then the phd at the London School of economics and has written many books of Global Affairs and now gives strategic advice and that to esquire magazine said not too
Plus, were taking your questions. The Halftime Report with scott wapner joe, amy of Chevy Chase Trust and j. J. , with us today. Lets begin with the markets stocks digesting another move into the record books, setting up for what lies ahead there is a lot for investors to consider the looming meeting between President Trump, president xi increased tensions with iran, and earning season in the not too distant season we set another new record for the s p. Tech hits an alltime high today. Thats been the second best performing group this month. And i might finally get steve into the camp where he thinks well see rate cuts but thats clearly what the fed told us yesterday. The table is set for them. Now thats jaw boning. When they do it, that will be Something Else i already have a bet for dinner with steve i think hes going to have to pay off on that. Unless you drive in an rv, that ship has sailed. Which ship. Because you said two in two weeks the fed will ease. No, i said if we converted.