thank flirks i didn t say anything i wouldn t want them to hear we have our investment committee today, joe, jim, jon, courtney, the president of luke capital markets. brent is managing partner at requisite. you can stop the music now, right? i don t hear it hear music there we go thank you. all right. let s see where stocks are likely to go from here whether it s possible to have that seven week surge. the headline that the market stock had been reacting to in the last ten minutes, reuters exclusive. trump xi meeting to sign u.s. china trade deal could be delayed until december as discussions continue over terms and venue. market didn t like that. yeah. but a blip. just a blip because we ve been basically going back and forth across break even all morning, scott i think what we re doing going to address here is what would be the driver other than that that will be a driver if that s signed even if it is signed before december 15th for instance if it s signed afte
the investment committee is ready to go. the halftime report starts right now. welcome. good to have you with us on this friday our investment committee here today joe terranova, john levanthal, josh brown, and marc lasry is here. let s fwin with the markets. stocks extending gains, more trade optimism marc, good to see you again. thanks for being here. i ll turn to you first we re looking at the major averages dow is about 70 points from 28,000 what do you make of the markets in the here and now? are you surprised we are where we are in. yeah. i m very surprised, actually why so? well, if you sort of look ate it, gdp growth is slowing down you ve got issues sort of everywhere you re turning. and yet the market keeps hitting new highs. i think that s it s great if you re an equity investor for what we do we need sort of the market and gdp to be around 1% to 2%. i think what we do, it s great i think on the equity side, it s going to be a tough year for the next ye
and the temperatures are rising a major heat wave set to hit the majority of the united states over the next few days here we are. we re keeping you calm, cool, collected and informed it s friday, july 19th worldwide exchange begins right now. good morning welcome. i m contessa brewer in for brian sullivan stock futures right now are in the green. implying an open of up 92 points the s&p 500 is up about 6 points the nasdaq futures are up 41 it looks like the nasdaq, the dow, the s&p, all on pace to break two-week win streaks a decent day today could change those fortunes the major averages are less than a percent below they re all-time record highs the bond market now, let s look at u.s. treasuries, the two-year yield at 1.7 the five-year up at 1.7. the ten-year up above 2% now let s go worldwide in asia, looking at overseas markets. the nikkei is up more than 2%. this is on talk about the fed rate cut and what anticipation lies in store. the hang seng up a percent shan
nasdaq up by 33. however the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on academic research done by john williams i don t ever recall hearing the fed walking back what somebody was out there saying a lot of fed presidents have spoken to us over the last 10, 12 years at this point pushing become a bit on that. let s look at what happened overnight in asia. you will see the nikkei was up by 2%. big swing back for it. hang seng was up by 1% the shanghai up by 0.8%. again, the nikkei reversing course after the weakness we had seen the day before. european equities this morning, you will be seeing green arrows there. the dax is up by 0.3%. the cac and ftse up by 0.2%. italy and spain weaker italy down by 0.9% look at the treasury market. right now on this friday we
probably the second or third day of training and basically we had an outline of what we were doing and none of it was business it was graphic violent, hate speech, sexual solicitation, sexual exploy takeitation that f stuff. i m sorry. that s okay i just think about all the animals all the time so i m supposed to go talk to this counselor about the 500 videos i ve looked at today in nine minutes, and i m supposed to be okay it doesn t make any sense. a spokesperson for facebook tells cnbc we work with our content review partners to provide a level of support and compensation that leads the industry there will inevitably be employee challenges or dissatisfaction that call our commitment to this work and our partners employees into question when the circumstances warrant action on the part of management we make sure it happens. we heard from the contractor cognizant which runs the facility, saying cognizant strives to create a safe and empowering workplace for its more