Its definite. But, and this is a big but, you know what . I think its time that we just shade things i think we should take a little off the table. Why do i say that . Its not just because when i walk around downtown manhattan, im hearing more hey, make me some money cramer catcalls than i am booyah or i love the show sho sho shout outs its all the issues that have dogged the market suddenly seem to have gone away. So im feel like we got to kind of pan gloss moment here pangloss frankly, it means that were in a position let me just say the pangloss sellers, thats not what im talking about, the great vineyard in sonoma i like that. Were not talking about delicious cabernet here. Were talking about voltaires pangloss all is for the best isnt the best of all possible worlds pangloss whenever we start getting that vibe, it makes me want to sell something, because the best of all possible worlds nevertheless first of all, lets talk about whats going on right now, right now because there are
The big week for the bulls technique up 2 . Transports up more than that the semis, soaring the stocks to snap up right now. Time to take on. Why investors are checking into delta and American Airlines. Its our call of the day. The Investment Committee is ready to go, the Halftime Report starts right now and it certainly is good to have you with us on this friday. Our investment comphoot is steven rice, jon neg jarron, Jim Lebenthal and megan. Thank you we begin with the markets, all 11 sectors, 100 there in the green for the week four of them including technology up about 2 transports and some of the chip names, guys, soaring and doing very, very well. Joe terranova, we talked about it yesterday are you surprised by how strong the market has been this week . Where did this market scum after an august to forget . I wouldnt characterize it as an incredibly strong market. I think its a market that finally has broken out of a consolidation range when youre talking about equity postPreside
First half. Is ticking asck london and brussels plan new talks. They can still block a new deal divorce. Kathleen breaking news on south korea Industrial Production. I was talking about whether or not the bank of korea might cut their key rate and a couple of hours. The pricing jump, up 2. 6 . Up more than forecast at 0. 5 . That is what was expected. In terms of the monthly number, lets move on to the yearoveryear number. Up 0. 6 . A big improvement over 2. 9 . That has been revised a little bit higher, 2. 6. Very good news for south korean Industrial Production, closely linked to manufacturing, closely linked to the trade war. We will get more details on that and get more on that later. Beijing for ato look at the asian markets. There has been a lot of volatility this month but it looks like on the last day, we are seeing cautious optimism. More green across the board. For the nikkei. Positive numbers out of korea so that will help bolster when the markets open, up almost 1 . 5 thise
Started arresting protestors ahead of the Third Straight weekend of protests in Hong Kong Shanghai composite finishing the day in red european european equities here we are higher across the board german dax is up by almost 1 and almost 1 gains in france as well as for treasury yields, amazing to think that the ten year yield was at a three year low earlier this weekend 1. 443 were now at 1. 526 with the two year 1. 544 so the inversion remains exact. A new journal piece says that states attorney generals are taking issue with that proposed opioid deal with purdue. It will settle with a 2 billion settlement it will link much of that with future sales of oxycontin. Some states want the family itself to guarantee a larger cash payment up front. Others didnt like parts of the plan that calls for purdue to claim bankruptcy and emerge as a Public Benefit company theyll ask for an update today about where negotiations stand, he said he wants at least 35 states on board although a deal can mo
Of the western toward the tout Administration Efforts to combat Climate Change while arguing to spur Economic Growth. We will get your take on the president s efforts in the first hour. Here is how you can dial in. Republicans, 202 7488000. Democrats, 202 7488001. Independents, 202 7488002. You can join us in a text. Include your first name, city, and state to 202 7488003. Or, on facebook. Com he spent. Facebook. Com cspan. Good morning, everyone. Lets get to your thoughts in a minute. Take a look at this recent poll done by the Washington Post and university of maryland. Most of the people they pulled disapprove of bidens handling of Climate Change. Less than three in 10 americans say they know a good or great deal about the Inflation Reduction Act, though many voters support some of its keep climate programs. The president this week talking about the oneyear anniversary of signing in the law that Inflation Reduction Act and touting its climate provisions. Here is a reminder of what w