are they right and fang under fire. are the headwinds too much to bear for now the halftime report with scott wapner starts right now. welcome, good to have you with us on this thursday the big stories of the day thus far. joe terranova, steve weiss, pete najarian, rob is back of ubs and one of baron s and forbes top 100 financial advisers mona ma is here, as well let s begin with the markets stocks seesawing today the first quarter approaching an end. it s been a good one real question now, where do we go from here earnings are just a couple weeks away rob, what are your thoughts? we had this great move in the quarter stopped in its tracks by falling yields now what it was also stopped in its tracks by the expectations of an earnings recession and slow down in some of the global economic data we were wildly overweight in stocks coming into year end as you know we ve since dialed that back a little with the notion that you know, we re going to be in this period of lack of
great to be here we ve not seen a market that s moving much today. one of the rare days so far this year with the s&p up about 17.5%. the averages there are mildly higher the dow fractionally lower i mean 0.04% so one of the rare days we ve had this year with a little bit of calm out there. markets may not be moving, but we re moving a lot of news to bring to you today, including some stuff out of d.c sara eisen is in washington with a big interview with steve mnuchin. and we ll start there. sara hi, morgan. the news of the day, trade talks continue between the u.s. and china. this was the first time we got to hear from u.s. treasury secretary steve mnuchin on how his call went with the chinese premier liu last night here s what he said. it was very productive. ambassador lighthizer and i have been conducting these meetings on an ongoing basis. and i think he and the entire ustr team have been doing a great job. we have an enormous amount of staff at ustr and in the int
to the fed minutes. yes, the initial impression was that they were hawkish. now perhaps the market re-evaluating that to some extent. we will get more on where this market and the economy is heading from none other than mohammed el erian. he is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. and another tale on the any might be new data that shows americans are starting to struggle with paying down their auto loans. this coming after taking out record high amounts in car loans. some with iks is-year, seven-year terms. phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. now let s take a look at these markets. we did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. the nasdaq is up just about a point to
the roadmap begins with the markets looking to recover after logging their worst february start since 1982 for the dow and for the s&p. michael kors trounces estimates while jcpenney reports its first quarterly same-store beat in years. the parent of kfc, pizza hut and taco bell adds it s recovering from the lingering fallout of food safety concerns in china. and apple is reported lie by the wall street journal and quietly laying the groundwork for a vast internet infrastructure capable of delivering a lot of data and content to consumer. the dow tumbled 326 yesterday and growing concerns of a weaker u.s. economy surrounding emerging market worries and the nikkei down 42 overnight and the worst loss in nearly six months. that index is down i think 15% for the year to date, jim. rough, rough. terrible. when i see adella, your man might be in there. your man, no one knows him very well. exactly. we re out of data. we ve had nothing but not-so-great data. it s go