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positions. bullish new calls on a number of big retail names the stocks that should be on your shopping list the investment committee is ready to go. halftime report start right now. welcome our investment committee here today, joe terranova, jim laboren that will, and stephanie link we begin of coursewith the markets. best day since june. stocks staging a rebound i guess this is the markets saying the virus is a big story but maybe the worst has passed i think that s a logical conclusion i think it is also fair to say there will be repercussions and they will be transient, won t be that great disney after the close today i bought shares last week. what do they say about disney shanghai not just shanghai, but what are they saying about theme parks overall? i flew this weekend. one person s anecdotal report, i thought the airports and airplanes were really empty. do airlines come out and say something? all of this should be localized to the first quarter but we h ....
the show from aerial investments. rebound after late last night. hard to predict i guess what s going to happen given the trigger, this coronavirus. that said what about a pullback and have we seen enough to be comfortable about valuations a dangerous unknown, unknown stuff. wonderful in our business talking about known, unknowns, making predictions about things that you know are coming this caught us off guard look at history and what s happened in the past it is bad when you have full valuations to get this kind of black swan coming out of nowhere and makes us go back to our medical books and learn about death rates and mortality rates and that s frankly not fun. donald rumsfeld with us as well. as if, said it first. focus on the big stories watching today including the coronavirus, of course we have the latest on the outbreak contessa brier at jfk airport covering the impact on airlines and be brave in the scare tra bob ba san bob pisani is with us. and t ....
its best august as we said in 30 years. plus that dow shakeup don t forget, salesforce, amgen and honeywell and pfizer is out. what is it going to mean for apple s influence on the blue chip influence speaking of apple. apple and tesla rallying ahead of the open. it s going to be a busy week for fed speak and we re starting all of that with richard and we ll turn to steve liesman. hey, steve hey, carl, richard. the vice chairman of the federal reserve being the most senior person since fed chair jay powell last week to talk about the new policy statement where the fed has announced it s averaging inflation. he says he s brought some clarity. saying the new policy is a, quote, robust evolution of the fed s prior 2% target notice that low unemployment rate by itself will not justify rate hikes under the existing rules and he notes that the fed has learned that withdrawing rate hikes too soon prevents the expansion from reaching all communities. on the issue of fur ....
were they up, you ask? let s take a look. yes, spain and italy, i always like to see the ftse over in the uk, wilfried s home, the only one that is up this morning. the big outperformer this month as well. playing catch-up for the year more than any other specific factors. but it s been a good month the rest kind of flat for the month. let s take a look at the ten-year yield and of course, oil oil important yesterday. having climbed above that $60 mark for wti you can see it s slightly below. let s call it not much of a move this morning, flat or so and 2.42 on the ten-year note yield. let s get to our road map this morning. in it, it does start with those two trading days that are left for the year u.s. futures are pointing to a higher open, buoyed by gains in the utility and real estate sector and the cryptocurrency tumbling after new regulation talk in south korea. and it s the year of the global ipo, 2017 saw the most companies going public since the financial ....
you can see we re set up for what would typically be what we ve seen most days higher, european markets this morning as well. we ll look at right now and they are as you see largely in the red. no major moves the uk has come to light here in the last couple of trading days, though, making up perhaps some of the gap with the other markets. the 10-year note yield hanging around the 2.4 level where it s been and earlier this week we saw wti cross above 60 and it is there again. that has actually been a quietly big story you might argue. that just happened last night, right we did earlier this week and now we re back above natural gas prices you might expect also moving up a legal bit, recently given our kitchen pipe froze. oh, no. yeah. welcome to homeowners. these are the joys. but a quick public service announcement, you take a hair dryer on the pipe and we got it going again. then you let it trickle all day and hopefully we ll be able to make dinner to ....