Now im a believer. Not a trace. Or doubt in my mind. Im in love. Im a believer, i couldnt leave her if i tried. Cheryl were believing that it is tuesday and welcome to fbn a. M. And good morning, everyone, im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning. Were seeing slightly positive numbers as the tense situation with iran continues. There was early pressure on headlines crossing overnight. Right now, green arrows. Lauren a major turnaround yesterday too. Take a look at oil prices, they are continuing their slide after reaching their highest level since september in the immediate aftermath of the soleimani killing. Wti is down half a percent. Gold is down a buck 20. Cheryl stocks in asia are focused on trade optimism as chinese officials are pre prepag to sign a phase one deal with President Trump, we expect the signing next week. The shanghai composite is up three quarters of a percent. Lauren certainly a gl
The stock getting hit today despite a big upgrade. Should you buy on this drop . Its our call of the day Halftime Report starts right now. Welcome, good to have you with us on this wednesday. What a big day it is our Investment Committee is here joe, steve, carrie, we begin with the latest in the markets where stocks are clearly waiting on the fed i was going to go to you first, weiss, but you should. Go to weiss. Penalty box sometimes its best not to lean in, steve. What has to happen today in thats what i want to know first. What has to happen today powell has to come out and not be overly hawk in what he is p projecting for the economy so you have to have a cut and you have to have a dovish cut. You have to have a dovish cut. I think that we have a market that could be disappointed after today. I think a lot has been priced in in terms of the construct of the market itself. Lets keep in mind in january of 18, you had a cyclical pique. In september of 18, you had the fang pique and i
The ceo of tripoint homes joins us with a look at inventory and the impact of rising Interest Rates. The dow down more than 200 points, hovering near session lows its been a rough week the s p is flat, but the nasdaq, the outperformer today, bouncing back from yesterdays rough session by about 88 points amazon, the big tech gainer, shares there up nearly 8 on the back of earnings more on that ahead that is helping the rest of the tech trade apple on deck, of course, to report next week and everybody watches that one lets begin with the latest read on the economy and steve liesman, we have had a lot of data this week, steve. Yeah, its been a good one, tyler, if you are an economics reporter even if you like the economy, because it was mostly stronger growth, growth tended to exceed estimates with inflation, however, remaining sticky. But curiously, fed rate hikes are now less in play, as ill show you in a seconds on the expectation that the robust economic readings wont last core pce pr
Ballot to select the nominee tomorrow morning. Jim jordan and Steve Scalise remain top candidates for the job. According to fox news, 47 republicans are publicly backing jim jordan, 23 are publicly backing Steve Scalise. Joining me is louisiana congressman, the House Majority leader, Steve Scalise. Its great to see you this morning. Thanks very much for being here. Great being back with you, maria. Good morning. Maria congratulations on this race and your pursuit. I want to get your take on what this horrific war in the middle east means. The emergency spending package for israel that is being talked about, how much has this war expedited the need for a speaker, would you say . You can see the resolve. We do not have time to waste, maria, the worlds a dangerous place and its gotten more dangerous. We need to move fast. We need to get this done and we need to get back to work. Obviously ive been working with chairman p mccall and others, we have a strong resolution and support of israel
Highs. A government shut down averted by now well talk to gary cohen from the white house in a few minutes. And elon musk talking about the race to mars first up though private sectors up 221,000 in the last month upward september and october added jobs later on we will talk to gary cohn the director of the president s counsel. Its up from the prior 2. 4. Look, i have very little to pick on. I think this is a very good number the thing that caught my eye, for that emphasis, what caught my eye was manufacturing added 30,000 jobs, kind of a wr renaissance happening in this country. 2. 6, first time under 3 thats a record low. People making jokes this morning what robot revolution are we talking about. We have workers having plenty of choices. Well, i mean, it may be coming but there are plenty of plants being built when you talk to the Utility Companies whats going on in the southeast portion of the country, tennessee, and kentucky and texas, they cant keep up with the building, and a lo