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Amidboc trims the rrr suspendedey have plans for the shanghailondon stock connect. Kim jongun says he will soon , adding to weapon trumps Foreign Policy concerns as we enter the election year. Carlos ghosns theories about how hes keep from japan with lebanon saying he thought he was released one week before he sled tokyo. Fled to tokyo. Under one hour away until the start of cash equity trading in europe. Futureske a look at how are opening. Down will dax futures futures on other european indexes are rising. Closed on the dax was the new years eve holiday. So playing a little bit of catchup. In terms of u. S. Stocks, futures are up decisively. Nasdaq futures are rising more than. 4 . Looks like you could see decent gains in the u. S. Anna, happy new year to you. What do you see on the gmm . Anna happy new year to you. A little bit of impact from the announcement that cut the announcement for chinese banks. Yuan not moving all that ....
Now. We are at session highs however modest they may be the dow wiping out early losses after white house economic advisers wraps up expectations dont look now, the russell 2000 has entered a death cross well have more on what that is, what it means later, kelly, this hour sounds scary. Lets get more on todays big intraday turn around from bob who is watching the action at the New York Stock Exchange. China trade talk moving the market you heard about mr. Kudlow speaking early one of the comments he made, delisting chinese economy not on the table. A bit lart on, this moved the market more importantly here chinese is ready to do a deal on the parts of the negotiations both sides agree upon. This is part of that 80 deal that we have been talking about for many months. Not only did u. S. Stocks move, chinese stocks move to predictably u. S. Cyclical groups moved into positive territory. Serks mis were negative, materials, i ....
Weakness this morning as we get set for the open tim cook wants to quote yell out and scream about ai. Well fill you in. And the king of snapchat just went platinum. Dj khaled is ringing the bell here first up, we mentioned the downgrade, how much of this is digestion of this new fed . Well, im the one to ask that thats a dj. Heres the deal. I think that the many people are ascribing way too much to the fed. I think the fed did business as usual. Theres a vicious rotation going on its a continuation of what we saw on friday. If you look at the last 20 minutes of trading yesterday you saw the repeat of what was friday which is a bang down of all the big hightech stocks and then money back in to retail and to finance i think why people were fooled it didnt go back into oil low tech health care, also higher valuation health care you watch celgene and biotech. Watch Illinois Tool Works which is a great tell for the industrial you ....
Has been building on gains. Au see a mostly upward trend, little choppiness, but a mostly upward trend. If you look at the rally bisect rally by sector, ased rally. Ty broadb industrials,es, tech coming back all of the cyclical groups that have been late comingf back. Pretty vonnie a pretty good range in oil prices. Julie earlier, oil surged before falling below the lows of the day. Of course, we learned earlier that russia and saudi arabia had come to an agreement to freeze oil production, but the fact that it is only a freeze is causing consternation in the market. Something else i want to watch, oil volatility. Sharply. E falling we have seen other types of assets down today. School vacation week. That is one of the things causing a little bit more quiet in the market. Not quiet for oil this year, if you look at the year to date decline in oil prices, still a 22 pullback, despite a little bit of a bounce last week. Thanks, another couple prices anyway. Lets head to the first were de ....
One last point, what does donald trump think about all of this . Hes on the show in this hour. Varney company is it be to begin. All right everybody im going to give you a chain of events that produced what is going to be a big selloff a half hour from now. Governments in europe and japan started keeping some of the money that you lent to them. Give them 100 and you get the 99 back that is bad. Banks not make money with this going on. Down go bank stocks way down. Thats bad. But price of oil crashes to a new low. Stocks take another hit. Independent Oil Companies are insolvent that is bad. Worldwide financial turmoil yes theres a flight to safety. That is what is going on. Heres market watcher jeff seeker. All right jeff, heres the question everybody ising can ask this. Is this a repeat of 2008 . I think theres a lot of similarities. I think theres things about market that concern me more than 2008. Primarily because this is a mark ....