Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say, i think it is going to be a little choppy through the month of july, especially as we get into earnings season. We see how tariffs are impacting companies on the ground. Yeah. It is interesting, youre going to get earnings s
We choose to go to the moon and these other things not because they are easy, but because they are hard. Emily and we mark the 50th anniversary of the first moon landing. I speak with the captain for moonshot on nasas legacy and why we should not be going to mars. First, to our top story, what else but big tech earnings . Shares of microsoft jumping after strong fourthquarter results thursday. The tech giant has benefited from ongoing strength in the Cloud Computing as your business. And microsoft has extended its lead over amazon, apple, and alphabet for the title of worlds most valuable company. Joining us to discuss, ross gerber, and bloomberg opinions shira ovide. Ross, what is your take . Ross what great numbers. Talk about a Mature Company showing it is still a growth company, and how great the Management Change has been, from ballmer to know della. It has been an amazing shift to the positive for microsoft, and we are seeing it across the board, all their businesses, pretty much
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma
View on big tech names, including a leverage site known as faang. Whether you embrace or reject etfs, they are here to stay. The flows often signal Broader Market trends. Our own etf expert Eric Balchunas is here to walk us through what he is seeing. Eric thank you, scarlet. If you saw the show last week, he would know that yours truly protected a lot of risk on in the flows and i was right. After the fed came and saved the day, people are back into equities. You see spy at the top. You see the top with a little iwm, isa, and what you do not see here is shortterm and ultra shortterm debt etfs. They ruled only two weeks ago. That is how fast things can change on a dovish fed. Lets look at the outflows to see what is coming out of etfs, and again, build shortterm treasury, there is another shortterm treasury. Efa, i think someone to ifa, a i think some of that went to ifa. That was a move to cheaper pastures. But ultimately, 25 billion has gone into u. S. Equity etfs this billion into et
The Halftime Report with scott wapner begins right now. Welcome, good to have you with you on a monday joe terranova, we have the chief Investment Officer and adam parker, ceo, and we begin be the markets. The stocks under pressure this hour follow through perhaps from worries that the strong jobs report may keep the fed from keeping Interest Rates as much as some hoped. Throw in some bignamed downgrades and big picture, joe, okay, we said Morgan Stanley, okay, they have been negative no big shock right . Mike wilson sat on this desk and you have got his view. Now they say theyre putting their money where they their mouth is lowest level in five years big reason lower returns. Al plain and simple. Right call or not . I disagree with the call. Disagree with the call because im not certain first of all, Morgan Stanley as a Wealth Management company, im surprised theyre not giving you where are you going with this capital. I dont want to put it in cash, im not emerging market bonds and In