Stocks bouncing around all session along on conflicting headlines about that december 15th deadline for china tariffs. Will it sfwebe extended. And House Democrats officially announcing articles of impeachment, two of them, against President Trump. Plus, coming up only today on the closing bell, wilfred frost is live from the Goldman Sachs Financial Services conference and hes got exclusive interview with Howard Marcus ks in just aw minutes. Joining us now for the hour is steve grasso from stuart frankel. Weve got to stop meeting like this i know, i know. We talked about this last night on fast money 5. Whats going to happen if theres no trade deal . Whats going to happen if the deal is extended and whats going to happen if a deal gets done there are three scenarios. Quickly walk us through each one. If the deal gets done, the market shoots higher but its only phase i of a deal. So i think it has a lot more ammo in its ability to move the market progressively higher from there. Nobody
Volume and a lot of participation, meaning you had a significant number of names in the bank index, all breaking above 50day, 200day moving averages you knew it was on and you knew they would chase these names, because they do it every time. And it didnt have to necessarily coincide with good earnings, but the fact is you had good earnings, and look, i dont see any reason why you would look at this and say, this is a negative. Again, banks are 15 of the s p 500. Theyve been biding their time that is not like something thats been going on for years and years and feels long in the tooth. It could just be beginning and when you look at individual names, youre still seeing stocks at substantial discouns s to the rest of the market on almost any market you want to go by, whether its peg i think theres legs on schwab, i own jpmorgan and like mastercard but as you heard when Lee Cooperman was sitting with us yesterday, he went down a list of some of the biggest banks around and said hes waiti
The burglary pattern team, outbreak. When you have a burglar on the block, i think a lot of people think i hope im not next. And we get that. We understand it. About it. We put this team in place and i can honestly tell you they are four great detectives and a supervisor who work with the precinct squads, and they work with the building detectives as the team scored big arresting this man who worked as a wait ner manhattan and charged him with 17 17 nassau burglaries. Experts fear the motivation is drug fueled. There is no doubt in my minds that the heroin crisis is what is driving the increasing crime here in nassau county. Had is a community that is locked in the grip this is a community that is locked in the gripe of an addiction that is not treated appropriately. In most cases, the burglars are striking without confrontation, in unlocked homes, and in the evening or during the day. And police say the burglaries are committed by im posters and passing themselves off as utility worke
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