Conversation in just a minute. Ill take you to the wall. We are focused today on this big pullback for tech. Nasdaq remains under pressure by more than 1 farmer jim, are we witnessing a socalled transition trade right before our eyes, from growth to value and does it have staying power . I think we are, scott i know its dangerous to say this type its different with regards to the rotation, but lets also realize this rotation was occurring before the announcement of the vaccine. All had you to do was look at the industrials and material to give you that clue now theres a very fundamental reason to support the continuing rotation into the cyclicals, into the industrials, even into the financials, which have been left fordead but are coming back it ju its just as simple as there is a path to normalcy ahead of us heres the one qualification i want to make if youre looking at yesterdays rally and saying, shucks, i missed, it relax unfortunately there is terrible news coming on the virus sco
Analysts expecting massive moves from one stock thats already up 90 this year. Halftime report starts right now. We will co. Good to have you with us janice, chief investment and liz young, director of Market Strategy also with us today. Making news jpmorgans chief equity strategist. We want to begin with stocks at a new record were entering a critical week for money, the busiest yet for earnings, including apple, a fed meeting, which could see another can out in Interest Rates. Shannon, on track for record close, financials on pace for 52week high the question is, is this the breakout weve been waiting for . Get out of that range. I think if its going to happen, it definitely could happen following this week you talk about the fed, if they continue to be exportive, as long as they leave the door open even just a little bit, the equity market will take that as a positive we saw strong earnings out of the big tech names last week like microsoft we could continue to see strength out of a
The Halftime Report begins right now. Welcome good to have you with us on this thursday our Investment Committee at our table, joe terranova, jim lebben thal, John Najarian, Jenny Harrington harringt harrington ceo and portfolio manager. Lets begin on the markets stocks higher on reports of a possible detente in osaka. Kayla tausche on the ground in japan with her own reporting on exactly where things stand right now. Kayla . Scott, both the u. S. And china are trying to manage the narrative of exactly who would stand to get what if there were a truce or a potential deal that emerges from a meeting between President Trump and president xi this week. In a call held earlier this week on monday, between the u. S. Trade representative Bob Lighthizer and the vice premier of china, china was said to ask for a balanced deal, something it has asked for in the past and im told by two sources that ambassador lighthizer responded a balanced deal is not possible because of all of chinas past trans
I am Katie Greifeld in new york. Welcome to bloomberg markets. When it comes to the s p 500, building slightly on yesterdays losses. S p 500 currently off about. 1 . You did have a selloff yesterday. Managed to open a little bit higher this morning. About 30 minutes in, those gains have dissipated. Big tech, nasdaq 100 trying to say in the green, currently up about. 1 , even though you have that selloff in the bond market continuing. The 10year treasury yield higher by another seven basis points, rapidly approaching 4. 70 on that benchmark 10year yield. We will see if we get there today. First, lets talk about the last of the Big Bank Earnings rolling out this morning. Bank of america and Morgan Stanley topping estimates, with bank of america with one of their best First Quarters on record. Lets get more details. Lets start with bank of america. What went right . Netnet income finally beating expectations. We did not see the same for some large bank spirits are to meet there is not onl
The u. N. Security council with a fresh round of sanctions against the Nuclear Threat. Russia and china on board. But were they tough enough. What it means for the Rising Nuclear threat coming up. And it looks like it could be a great tuesday as well. In europe, stocks mostly higher with a slight loss in england and in london. Lawmakers took another stab towards an exit from the European Union pasadena and e. U. Repeal bill. In asia overnight, markets higher as well come into use across the board. The biggest winner be the nikkei in japan of more than 1 . X marks the spot. Everything you can expect from apple this morning. A new phone. Is this a tenor bx. We know its going to be fabulous. A wild night in San Francisco coming to an end. The highlights of the giants dodgers game just finished after several rain delays. All that and so much more. Trump surrogate under Public Convention deputy secretary erin elmore is back with us. Good to see you. Jon hilsenrath and cfr a strategist linds