dispoin disappointments on durables. investors paying close attention to washington where trade talks between the u.s. and china are about to get underway. talks are also scheduled for tomorrow a lot of talk this morning about these so-called memorandums of understanding they are reportedly drawing up on force technology transfer, currency, ag, cyber threat, intellectual property rights and more. the market has largely priced in a trade deal. the market s been doing in the last two weeks how much is prices in. we think about 50% priced in i think the concern people have is there s significant downside risk if we don t get a deal. if something happens on march 1st and we do not have a deal and i m going to 25% tariffs, the market is going to have a problem. pompeo on the tape this morning saying real progress being made in these particular round of talks. compliance will be a key issue. it s one thing to have a memorandum of understanding. it s another thing to have a me
biggest stories of this day are jim lebenthal, stephanie link, jon najarian let s begin with the bull run for stocks, what lies ahead as earnings, trade, all front and center for your money. doc, we re going to keep this going, right got through the historically worst month turned it into the best month of the year. great quarter what happens now well, i think we all talk about when bad news can t drive a stock lower, for instance or if, in this case, the broad market we had almost a 5% decline out of italy today that was huge. i mean, when you have people worried about a big economy like that and you can t drive our market down, we were briefly but we ve turned things around all three indices are positive so, i mean, i think the market is just telling you, judge, there s a lot of people. i m not saying they re chasing performance but on every dip there have been buyers they continue to be there even on minor dips like this morning. who cares if they are chasing per
look at crude, which has been dictating terms for equities lately. relatively unchanged on wti, about $50.18 per barrel. for brent, 51.88, barely higher. rbob gas edging up a bit. we ll get back to the markets in a bit. breaking overnight, the u.s. military launching tomahawk cruise missiles against radar sites in yemen after incidents earlier in the week where a navy ship was fired on from a rebel controlled area. now to this morning s top story, embattled wells fargo ceo john stumpf is out retiring effective immediately. tim sloan taking over the top job following the high-profile scandal involving their sales practices. news came out after the market closed yesterday. looks to be up about 1.5% in extended hours. notably above $46, a level we haven t seen in some time. helping. helping. yeah. wilfred frost spoke with tim sloan late yesterday and asked him if stumpf s departure was a necessary condition for the company to move on. i think john s decision to retire
the unemployed. two months to the elections economy is coming back into focus. not good news for the president. varney and company is about to begin. stuart: let s begin with an eye opening look at the obama economy. more numbers, this is a reuters survey. 34% of unemployed people have stopped looking for work because the job market was so bad. 40% were no more optimistic about their job search today than when they initially stopped working. this is middle america. it is losing ground. middle america getting shrink. charles: people who were pretty good contributors to the overall economy. the 20 plus week unemployment number will look at, that number has been over 3,000,004 longtime. these are people who had jobs, worked in at factory, an assembly line, huge money, huge income, they will eventually get back to the job market and work at a job where they make significantly less like most of these people, and i throw my hands out so what does this mean? stuart: does the econo
too, right? the advantage of being able to say, well, we re different now. my company is not going to be focused on the cost cutting and its negative effects. what can you really say when someone says that? and the harder you sort of criticize her and pushback, the more people say, well, she wasn t in charge, anyway. so it s a moving target for these congressional guys. . do you want to give her a grade? i think she did as well as could be expected. in terms of apologizing or i think what people wanted more i think they were expecting too much, frankly. given all we heard was i m not sure who it s passed off on the but why is there no name attached to it? there should be some names, it s a big company. anybody knows it could be this maybe ayman jabbers in washington. who we said we re going to get to, but now we re going to get to him. does he have a name? we have never met another ayman, either. every third guy in ireland is named ayman. d