Stocks really at their highest level since march. Kevin p, its maizing that this market sometimes you wonder whether the market has a pulse that it has this abilities to overlook all of these pulling at us and what were witnessing in our cities. Were in a very troubled time i get it however, every day the world votes, every day individuals make multimillion dollar and one dollar decisions one cent at a time and where do they vote for optimism in the future america. Thats why the markets are doing what they are doing. Its seeing through this the market knows we will solve this problem as we always have and move forward is that what this is about . An abilities to make a big bet on america and our future regardless of what is right in front of us at this very moment . That is pulling at us emotionally. Were able to look past all of that and thats why money continues to come into the stock market you can have any number of reasons to say this market should not be where it is yet we find o
The new for numbers government and its controversial economic measures. I want to get jones and this is the business live from berlin thanks for joining us i was starting with a quick look at the markets which dont seem impressed by the u. S. Impeachment drama after wall street closed flat to asian markets are trading only slightly lower but after analysts dont see anything surprising in the move also the republican dominated senate is widely expected to vote against removing donald trump from office thats the political upheaval is not expected to change matters of trade or the economy major u. S. Indices are currently trading near record highs spurred by progress towards an initial u. S. China trade deal. And of course markets in europe are still closed but our financial correspondent is already feeling the cold for the market pulse for a scum who isnt there what kind of reaction if any can we expect on this side of the atlantic. Well also here in frankfurt the share market is trading
What. Orange mocha frappuccino. Dan nathan says starbucks lays out a breakout. He tellsyou how to keep from getting roasted in the hot trade. Options action starts now. Welcome everybody lets get after it the dow surging more than 330 points today the s p 500 erased losses the rally following a better than expected jobs report the records across the board, apple and alphabet, both hitting alltime highs and added to the red hot run and if you are betting on the bigger tech takeoff we have a way to play it in the money with mike khouw take it away, sir. You know its interesting we got the payroll report today. Obviously the markets responded very favorably to that but i think actually we got some clues that we had some significant strength in the market earlier this week when the trade news which was definitely not positive didnt knock the market down much further. We were talk bag this before we began the show that was news. If you consider that was one of the key stone elements propell
Sports what that could mean for the stock and the major sports leagues. Halftime report starts right now. Welcome good to have you with us Jenny Harrington is the ceo and Portfolio Manager at Gilman Hill Asset management and also with us on set today is cnbc senior economics reporter, steve liesman. We begin with stocks falling the fourth time in five days adp only adding fears today that the economy is slowing more substantially. Bond yields also falling farmer jim, im giving you the first crack. Dow falls 500. More Economic Data comes out soft i was told on this desk that the consumer is so good that it doesnt matter if the manufacturing economy is so bad, stocks can still go up but the consumer is a lagging indicator. I tried to hit that yesterday. The consumer is strong right now, but thats the last crack to form, okay . What youve got is youve got pmis, all the ism surveys in the u. S. Are finally catching up to whats been going on internationally. Thats been happening for some ti
Announcement. Michael mckee has the details on who will take the job. Michael we have a replacement forecaster, george, he is jeffrey smit jeffrey schmidt, the ceo of the school of banking at Southern Methodist university and will serve out the fiveyear term. He can be reappointed in 2020 six. He will be a Voting Member of the fomc in 2025. Hes a nebraska native, he began his career in 1981 as a field examiner based in the ftse in kansas city and he follows a trend at the Kansas City Fed because Esther George and her predecessor or Bank Examiners, and 1989 he became president of American National and oman moved on to mutual of omaha, the Insurance Company as per german and ceo. He has been running a familyowned bank in dallas, graduated from the university of nebraska, has a Business Administration degree, he is not an economist. He will take office august when he first, two or three days before the Kansas City Feds annual jackson hole symposium begins. So he will be there in time to g