Eamon javers joins us this morning with the latest. Good morning. Reporter good morning, carl. Its oddly quiet here at the white house today. We dont see Senior Administration officials out here defending the president or making arguments we dont see any events scheduled with the president publicly, other than his departure later on this afternoon. Nonetheless, the president has been venting some of his frustration that we saw boil over in that letter to nancy pelosi yesterday and continues in tweets this morning the president saying can you believe that ill be impeached today by the radical left do nothing democrats and i did nothing wrong. A terrible thing read the transcripts this should never happen to another president again. Say a prayer and, carl, having covered the last impeachment, so far today this day feels very different than the day on which the president president bill clinton was impeached back in the late 1990s on that day, there was a real sense of uncertainty about wh
Logistics partners ups and fedex. Tech out how big Cap Companies apple and facebook fared in 2019 and how each is set up for the new year. A look at tech in the markets most notably semiconductors, taking a look at the stock index, we see that chipmakers a bottomed out nearly a year ago and have been on a rally since then. Chipmaker micron adding to that they reported firstquarter earnings this week. Have a strong outlook between four and a half and 4. 8 million in revenue. Shortly after the Company Reported i got insight from the whorities and analyst joined me on the phone. They are seeing tightness in certain areas. Also they are calling the bottom for memory in general. They think this Current Quarter will be the bottom of the cycle. That fits with the tightness. It fits with the fact that they it also very much parallels the guidance they gave for flat gross margins, which again suggests that pricing is normalizing finally. Does this have any implications for an expansion of capac
Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne
Looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. And less the market begins to price an additional cuts, the 10 year will drop down to the 160 range. The fed will have to ease again. If there is any sort of weakness in the data, you will see an outside shrouding in bonds. Jonathan joining me, kathy, george, and in chicago, jim. Lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain the way they are or go lower. Where you come down in that debate . Probablyink thats right that rates will drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate inflation right now, rates are down 75 basis points this year based on the 10 year yield. The path of least resistance has been lower and i dont think that will tend going into 2020. Kathy
Still attractive, but not breaking out. 120 by the end of the year. If we get 120 by the end of the 10 year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in from chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain where they are are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expa