Trade pl galactic, can it keep soaring. Tim and dan go man ho y manno and fed pecks. You decide who wins. All that next 60 minutes we start with another record day on wall street as the snazzy animation says the s p 500 and nasdaq closing at alltime highs. The dow up gold up. Oil up real estate up guy. Yes, sir. Whats up bonds under u. N. Changed a repeat what weve been talking about. We led with apple last night whats the deal. We talked about the price action should have been worse karen and tim spoke about this we talked about the suppliers. Kor various. Skyworks werent down as much as they should have been. The look at the stocks today apple up big the flows come in. Bad news discounted you could say the fed has our back i dont know but ill tell you gold rallies Newmont Mining rallies thats a concern if you want to continue on the bull thesis in the s p 500. Look at the u. S. Dollar 3. 5 year to date look at the fact you get this move higher in gold. You get some of the call them d
So we want to thank you all you have done at the department. And at this point for your willingness to step up in a higher capacity. We have our colleagues here this evening texas and louisiana are well represented. Mister deputy secretary you should feel verydu welcome by having these gentlemenmp next to you. We will start with senator cassidy followed by senators cruz and senator kennedy to introduce deputy secretary this morning. Would like to proceed we do have a full complement here this morning and a full house behind you so the introductions do not consume the full morning but we do welcome all the good comments s comments. What a wonderful way to tell me to be brief. [laughter] its a privilegege to represent my friend Dan Brouillette eminently qualified as United States leads the world in all sorts of energy. He shared a longer showed a commitment to Energy Security and understands the importance of us Energy Exports to lower Greenhouse Gas emissions abroad. Committed to innova
The Investment Committee is ready to go. Halftime report starts right now. Good to have you with us on this monday. Our Investment Committee, joe, josh, steve, jon, shannon is here, the chief Investment Officer at Boston Private Wealth begin with the markets stocks modestly lower. Now some key questions about whether there is enough momentum to carry stocks higher between now and the end of the year. Weiss, optimism is rising and has been and you can see it in a number of different ways, interest rate, 10year pushing 2 there are socalled unloved assets that have joined the rally according to some which is another bullish sign justified . Enough momentum to carry us higher i think there is. The seasonal trade is difficult to bet against, however i took off a little exposure and sold some of the smh. I kept adding to it and added through earnings, because i thought the semis would have good quarters and they did now that that fundamental part is over, im more in the Market Movement trade
Lets call it 2600 on the dow jones. The hundred on the russell 2000. 1500 on the russell 2000. Caroline volumes down. Lets get a deep dive. Mike i am watching the bloomberg agricultural sub index. A rebound over the summer in commodities has basically completely faded, and that leaves this index new the lowest it has been. As we gauge inflation, districts very well with this tracks very well with bond yields. Corn and soybean. Obviously, the trade tensions with china is hurting crop prices. But there is another thing, the epa decided to give 31 refineries exemption from biofuel acquirements. This is pitting the Energy Department and epa against the Agricultural Sector of the economy. Bloomberg is reporting that there was a meeting today to try to figure out ways to boost ethanol demand. It is not clear that any of these measures will be taken in force. Abigail with stocks trading lower, it is not a surprise it was a risk off day. Bond futures are higher, gold futures, and japanese yen
Maria good friday morning everyone. Thank you so much for joining us is morning. I am Maria Bartiromo friday may 10. Your top stories right now, 6 0. Markets capping off the week in the green, investors are looking ahead to next weeks key Economic Data with a buy, the dow industrial off 118, the nasdaq up 87 and s p 500 higher by 20 points of ahead of the april cpi out next week april ppi bird enterprise indexing Consumer Price index next week, we have the preview right here today, the Federal Reserve stands on rate cuts this year, european markets are also higher, take a look at the eurozone as we see the s p 169, cac 4065 index higher by 127. In asia overnight green across the board, the best performer hong kong, hang seng up to a third , back at home President Biden facing a new impeachment threat in the house after saying that he will hold back already congressionally approved weapons to israel. We are talking about it, the impact, highstakes drama during President Trumps new york