Chaplain conroy let us pray. God of the universe, thank you for giving us another day. Throughout the country people mourn those whom they have lost. People lament the loss of businesses of normalcy. 100,000 have now died of covid19. They were democrats and republicans, they lived in urban areas and now more and more in rural areas. They were the desendents of men and women who were colonists or founding fathers, and immigrants who had recently become citizens. They were disproportionately people of color, but not only of color, and of every religion and culture in this nation. , when o lord, will we come to understand that we are all in this together . If we do not stand together we risk falling together. Heal the divisions within our body politic, within this chamber so that your healing power through our actions and good will can be manifest in our United States. May everything done this day and in the days and weeks to come be for your greater honor and glory, amen. The speaker pro
Welcome to the entire committee. Lets check on the markets first this hour. We have run out of steam the dow is marginally to the down side. Down about 31 points in the red. The s p 500 just about even right now. Flat on the day. Level 2798 there the russell 2000 flat as well. As you can see that steam running oult as we rallied so strongly off the lows that we saw just about one month ago lets go to our Investment Committee with the traders here and perhaps well start with you. Youre the one right next to me in this box. What exactly is happening right now. Have we run out of steam for this particular rally . Well, i dont know necessarily running out of steam is a bad condition markets, generally, when they rally significantly need a pause and that pause is generally a consolidation type of pattern in the markets. I think right now, most investors and most speculators are anticipating a rollover and the concern that identify is a lot of people are positioning for that rollover and los
Jim, is it short answer is yes but lets qualify it just because today is a day to buy doesnt mean we cant go lower from here. Look, when you say is it a time to buy, it doesnt mean you pile into the market today. It means over the coming days. There are still Big Questions to be answered. We know theres an Economic Impact and we know theres going to be a profit impact. The question is how long does it last thats one question. Which we just simply dont know the answer to. The second question is what policy response . Now on that second question lets say this theres a heck of a lot of room for improvement and thats a good thing so, yes, it is a time to buy but for Goodness Sake please pace it out over the coming days steve, cramer today i dont want people to buy, cash is king, says he has a huge amount of cash. We would not be buyers until we take out mondays low which on the s p 500 was 2734 market feels very broken to me what do you think . I think hes right. Last week okay it was time
Johnson changes the law to guarantee the transition phase is not extended. sis is the bank of england capital demand for the biggest u. K. Lenders. Welcome to daybreak europe. 6 00 a. M. And london, 7 00 in europe. There is room to run in the rally, the note from citi. Palladium breaks 2000. The taiwan stock market at the highest level since 1990 and there may be a sustained u. S. China trade truce and if that remains the base case an era scenario, we could grind higher. It depends if you are in the believer cant or the naysayers. Which one are you in . Nejra exactly, continuing the conversation from yesterday. Is it enough for the market . Are we at peak optimism and what is the outlook for Central Banks and whether the prospect of continued support through 2020 will keep the risk assets high. When we come to the u. K. , no deal risk a lot and well again. Manus boris and the hard brexit. You can literally taste it in the market. I want to bring your attention to the jgb market. We are
S p 500 and nasdaq also ending in positive territory both up 1 and foxbusiness team covered this hour, Edward Lawrence on the ground it easy, jackie on the floor of the new york stock exchange. Blake burman lighted lighthouse and edward, first do you. Reporter you saw the reaction to the job support. When i got the hands of my jaw dropped. This is less time the economy crated more than 266,000 jobs in a month with last january but white house says the strong job support with the claimant rate to be back to a 50 year low proves the regulation and tax cuts work. President donald trump not shy about taking credit. President trump the numbers have been phenomenal and some people say im so spot on and so good that they have never seen anything like it. Its a long way from when people were rooting for a recession because they thought they could maybe win an election. Reporter if you look deeper into the numbers the trends are moving in the right action because of the jobs created in november