Know, ive been long microsoft, long apple, and long amazon. Well, given where we are, giving that we are seeing a bit of a surge in cases for covid19 in texas and in florida, given that we have a Federal Reserve meeting i have too much risk exposure out there so i identify these three companies, scott i say to myself, given the significant price appreciation, which Management Team do i trust most, to be most judicious which is cash, and history will show that amazon is liberal in terms of spending, therefore i decided to step out of amazon. I still own apple. I still own microsoft. It raises so many questions, joe. Thats why i wanted to start with you today this is one of those stocks that is up just huge off the market bottom there are many others on the list assist i said, is it time now for our viewers, joe, to reassess everything theyve been writing since that day on march 23rd when stocks hit bottom . I get the problem i have with it is theres a degree of ignorance regarding asset
A strong china growth, and watching the three major indices billionaire head managers say theyre still buys equities, joining us for the first full hour of the show slight gains, but anything is good enough. Lets focus in on the big stories. Seema is watching the market record highs Steve Liesman is diving into gdp. Combing through the numbers, a number of sectors are climbing to new highs the ren sawn etf and russell welcome back, every year the 2000 is less than 2 away. Forgotten 40 is put out. Widely seen as a market breadth some of the standouts on this list, discovery, Madison Square, this together comprise 13 of the s p 500. And more good to see you, jonathan. Also i want to draw your attention to shares of railroad thank you for joining us. Thanks for having me. Operator csx, a very choppy day lets kick off with discovery. Why is that such a standout following mixed earnings, which name the company blamed on a its clearly an outoffavor softening industrial economy that stock is
Dollar exit package. Ford cant get its china strategy just right. With you one billionaire turned space cowboy could be looking for love in all the wrong places Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan here is how stock futures are looking to kick off the trading week what a week it will be as earnings week kicks off in earnest tomorrow well see the dow open up by 112 points the s p up by 11 the nasdaq up by 42 points as well this week well hear from jpmorgan chase, wells fargo, citigroup, delta thats just a few of them in terms of earnings reports due out this week as the earning season starts off. According to data, they say Fourth Quarter earnings are expected to be down 0. 6 of 1 which would mark the second straight quarterly decline that has not happened since 20152016. Maybe an earnings recession. Thats what folks are looking for perhaps this time around treasury yields in focus we see a Little Movement in the
Dennis muilenburg, replacing him will be the former chair, technically chair, will step out of chair, become president and ceo, David Calhoun he becomes president and ceo effective january 13th what was the final straw that broke the camels back in large part, the relationship between boeing and the faa which is completely broken down over the last several months. I learned from sources that this morning David Calhoun called the head of the faa, steve dixon it was a short but amicable phone call in that call calhoun said to dixon boeing welcomes rigorous oversight. He also said boeing wants to be regulated. This is a big change in tone for boeing compared to where it was a few months ago but in terms of whether or not Dennis Muilenburg was not going to be in the job for long, it was expected for some time his tenure would be short. This is our conversation with him in the halls of capitol hill just a couple months ago have there been discussions with the board maybe once this is certif
Nasdaq off by 35 we have been thinking the new deal would be by december 15 the huge question is do those new tariffs come into effect the market has been punched in the mouth twice since yet yesterday, futures were up almost a full percent. The first china news yesterday that things werent looking great for december 15. These new comments imply phase one is not nowhere but if people are still thinking december 15, thats hard to believe yesterday, the pull back was the worst day weve seen in months but still talking about a decline. The dow up 4. 2, s p up by 5. 5. Well see today while the move yesterday wasnt too significant, volatility spikes more dramatically that implies that todays move was not unexpected we may see bigger moves in the days ahead we have the sound bite. Getting to the comments from willem marx in london. The president arrived here late last night. Stayed at the u. S. Ambassadors residence. He gave some Public Comments including on china saying he wants to wait unt