Today as the true cost of hard for today. Early and often with an exchange set to discuss new proposals of about a mistreated woman at his seltzer hits the beer makers possible restrictions and sales of huaweimade chips and company who could not speak out and fire works in sin city as components to a chinese jet because of disclaimer. Candidates turn up the heat on maker. Coming from a push back from i hope youve heard his mayor bloomberg in his first trump slamming the proposals and defense. Ive been nice to some women debate that doesnt cut it. It is thursday, february 20, saying, quote, the u. S. Is open the mayor has to stand on his for business 2020 Worldwide Exchange begins right now. Record none of them accused me of and reportedly selling control of victorias secret valuing the brand just over 1 doing anything other than maybe they didnt like a joke i told billion according to the wall they signed those agreements and street journal good morning. Expected to buy a 55 stake. Wil
Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today is the mirror image of yesterday, total reverse tomorrow co
Says this is one of the best looking charts in the entire market we will tell you what it is. First do you hear that whats that that is the countdown to the next round of tariffs. Come midnight sunday tariffs creased to 5 on some of the remaining goods from china many big businesses are warning the new round of tariffs will be a direct hit to consumers but today the market rallied on renewed hopes of a trade deal. Is the market putting too much stock a trade deal happening or is it the calm before the storm . Guy. We addressed it last night. Secita is with us. We were on squawk boxa coupl of weeks ago we did like nine hours one morning. I said dont short a dull market and it has proven me and i think it will be correct for the new few days into wednesday. I dont think anything has been resolved i think the problems that got us down 800 a couple of weeks ago are the same problems that exist today. Bonds continue to get negative yields all of these are huge problems the market i think ca
Im wilfred frost. The last show of the year. Last trading day of the year last friday of the year. Lets look in on what the Global Markets are doing. Dow jones called slightly lower as is the nasdaq s p slightly higher. We are heading for slight gapes for the week month to date gains for all three indices. The ninth straight month of gains for the s p and the dow. Sixth straight month of gains for the nasdaq lets look at the dow. Good quarter this quarter has been we have the dow up 11 the s p up 7 . Nasdaq up 7 fantastic quarter for the dow. The Consumer Discretionary the best sector in the s p so those good numbers were starting to hear about for the Holiday Shopping season, maybe they were priced in. Those stocks with a good quarter. Lets look at the nasdaq yeartodate, up 29 the dow up 26. 5 the s p up 20 been a fantastic year. Tenyear treasury note, yields have slipped this week up slightly this morning, 2. 42 in the course of a week yields have slipped significantly were back abov
Be more big moves next week. Oil staging another big rally today. Yesterday traders said it was mostly Short Covering. Could this be the beginning of a real rebound for the commodity . Weve got rbc commodity guru helena croft joining us live. We have bob pisani tracking the action here at the New York Stock Exchange. Kate rogers at the nasdaq and jackie d at the nymex. Finally more typical august day. There is a little fireworks in the energy space. S p 500, a narrower range, about 15 points. That would be more than normal on a typical day. Compared to what weve seen, other than a slight swoon in the middle of the day, its been fairly straight and narrow here. I want to show you what markets are doing here. Well call the trading range narrow. Volume on the heavy side. Not as heavy the prior four, five days. Heavy for a day in august. Breadth 32 advancing to declining. Thats been holding other than a droop in the middle of the day. Volatility is flat. Look at names like mid state petrol