Mosaic day where lots of stocks went their own way based on the whims of traders, not investors. The nasdaq climbed 0. 2 . Well start with the stock of kroger up 11 today for ages the market has been brutal to this Supermarket Chain writing it off but kroger had an Analyst Meeting and mercy mercy me it got up after its been guiding down for years just when everyone started to give up on this one, fleeing from the stock because of competition from costco, from walmart, from amazon, by ail dlalinddi they tell us theyll earn 230 to 240. The street was looking for 219 it makes sense that kroger stock roared higher. When i spoke to rodney mcmullen, a true gentleman he made it clear many of his longterm initiatives that hes talking about to win customers are working, especially the restock kroger brand i know it sounds simple but rodney said theyre telling the story about food kroger is food first he regards it as a distinct competitive advantage and had success with personal finance initiat
The charge and treasury yields surge as markets are at record all time closing high territory for the major averages joining us for the hour, stephanie link good afternoon to you. Today is what trade headlines that push us higher but with that rise in yields is improving sentiment. Three thing its trade and obviously the roll backs on tariffs. Potentially. Well have to see how that works out. Earnings earnings are better. 2 better than expected. Not great. Flattish overall but next year even though numbers have come down still looking at 10 Earnings Growth. Maybe the story is Third Quarter, Fourth Quarter is trough in earnings and most important to me what is driving the risk on trade is Global Growth stability if you look at german factory orders, you look at german pmi services yesterday, you look at italys pmis, they are not great but stabilizing. Thats causing yields to rise and with it the cyclicals sector big final hour here thanks for being with us lets drill down on the other b
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
Who else but the nba star lebron james has now come out speaking about the recent nba fall out with china, reigniting that controversy that had gone down to a simmer welcome to power lunch. Ive got quite rally reports in eu and uk may be closer to a deal on brexit that s p 500 level thats up, we are less than a percent away from all time record highs and tech nearing a record high they are their best bet into earnings lets go to bob at the new york stock exchange. Its more than just optimism on trade here. Theres several fronts going on. I think the most important is earning. Jp morgan reported strong earnings the consumer side was really good this is a real sign the consumer is holding up and even jamie dimond said that second thing help in the markets, positive comments on the prospect of a brexit deal. They did sicite hard brexit as risk finally a bit of warm and fuzzy feeling from china on the trade talk the global times editor said that fridays meeting did represent a breakthrough
The protest continues for a 21st weekend. We are standing by for Election Results in argentina where the president is under pressure. We will be live in buenos aires for the latest. Paul lets take a look at how we are shaping up for the start of a new trading week. Higher. 1 . Pointing we did of course the u. S. Equity markets finishing in positive territory on friday. Earnings season progressing better than expectations. Nikkei futures trading out of chicago, stronger by. 1 and the kospi looking to be in positive territory. No trading in new zealand. New zealand markets are closed for the labor day public holiday. Lets check in on four times. Su firefighters working to contain blazes. Nearly 200,000 people. Homes in and one winery have burned to the ground. Governor gavin newsom has declared a state of emergency with nearly 3 Million People without power on sunday. The result of argentinas election is respect expected. Facing opposition from alberto fernandez. This is on the backdrop