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Well reveal one of the best investment ideas the smart money is getting into. Halftime report starts right now. Welcome on jon, pete, and carey firestone the ceo of arias Asset Management we focus on the russell 2000, which has come alive, confirming to many that the reportsetting rally has room to go the russell outperforms the major averages for the last three months. Certainly since 2018, theres been a significant underperformance whats interesting about 2019 is both for passive and an active funds, youre seeing outflows in small caps a thats qu50i9 contrary the composition of small caps is the problem, so small caps are carrying in overweight to financials relative to large caps, then caring in underweight to technology and consumer discretionary, relative to large caps so the composition is the problem. I agree with the premise in 2020 it could be critical in driving the overall indices higher, and i think you want to have ....
Investors are not so sure. A Virtual Reality platform picked up for oculus. We are live in san francisco. Lets get to sophie forecheck on markets. Sophie aussie shares are unchanged after a threeday gain. Kiwi shares building on gains after topping 11,000 on tuesday. Nikkei and cost be futures kospi are lower. Slide despite the enthusiasm we saw for alibaba shares, which closed about its issuance price. Lets check on housing bonds, which are gaining ground after the rba governor the move tracking treasuries. Aussie yields falling 35 basis points across the curve. The three years left below the rba cash rate. A bond rally expected to push the 10 year to 50 basis points with unconventional easing expected in the second half as the australian economy slows. The kiwi holding its threeday gain. This morning, we heard from the rb governor. Mentioned rbnzso is working with westpac after the findings in australia. Paul thanks very much. ....
The disney tv business is in retreat and the studio awaits a comeback, and a new shutdown showdown as President Trump says and get on, if it helps break the deadlock over Immigration Reform. Yvonne day two of the World Capital symposium in the conversation has changed in the last 24 hours as the market meltdown is questioning whether this is some type of correction or if we are even close to a bear market come but we went to the worst a of the dow on record to the best day in 2016. How real is the rebound . Volatility seems to be still here to stay. Betty that is right. What is interesting is that last month, only a few weeks ago, the great, all of economic rights, talking about global secret nice growth and the upswing, and in the market said no, not so soon. Delivered a reality check to anyone who seemed optimistic ....
We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the ret ....
May vote yes for independence for the first time. This is sending the sterling sharply lower than the dollar. And the finance minister says that the 1,000 day program is on track striking a tone in the call for his government to speed up reforms. We dont need anybody to tell us what we need to do because we know that very well on the fiscal side and the reform side. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Youre watching Worldwide Exchange. Good morning to you, will. Did you have a good weekend . Yes, i did. You probably went through alibabas filing and then bam, it hits you. That was 64 to the other way only two or three weeks ago. You talk about polls narrowing getting closer, this is totally reversed, very interesting. We are seeing declines in ....