Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Out with a pessimisticout with k on demand. Romaine what kind of economic drag that would have and the factories in the market, we are seeing a little bit of that priced into the market today, although we did see and we should point out some optimism and tech names, primarily secondtier tech names in the videogames space as well as telehealth companies. With us is Liz Ann Sonders of charles schwab. Lets talk about this earnings season. I guess depending on your perspective, you will either be the biggest thing in the world or biggest nonevent in the world. Im wondering, once we get this data from the companies, we start to get guidance and hear from ceos, what do you think we will be able to glean from this commentary and from these numbers about the future . I think the actual reports for q1 are somewhat of a nonevent given to out of the three months were pretty decent. Ae problem is given that large percentage of companies, certainly a record percentage have simply withdrawn guidance
Perform as expected, will the market behave, will the economy do what its supposed to do. How do you minimize the risk of disappointment the dow gained, the nasdaq climbed. 05 let me tell you one trick i have learned in 40 years of investing for improving your odds. I like to rely on a brand, and more importantly on Proven Management when you end when you have a ceo who implicitly represents a pristine enterprise, you dramatically increase your chances of a successful investment, maybe a major score. Today we witnessed the best example in living memory of how things tend to shake out when you combine an amazing brand with a tremendous leader we saw what happens when you put your faith in the Walt Disney Company and its ceo, the always bankable, bob iger we learned their new streaming service, disney plus, the one that launched yesterday already has more than 10 million subscribers. And that sent the stock up soaring more than 7 all aboard. Ever since i first met bob iger when i was a l
Ahead of the trade talks in washington we just heard from President Trump on those trade talks lets get straight to kayla in dc with the latest. The markets have been whipsawing all day in response to chinese officials telegraphing exactly how they feel about the trade talks earlier today we had chinese officials telling bloomberg theyre open to a partial deal even though theyre frustrated by the black listing of 28 security and technology companies. Then we had a report about purchases of soybeans. Then we had a reuters report later in the day that said that chinese officials because of the black lifting by the commerce department, they are lowering their expectations for the outcome of these trade talks perhaps a shot across the bow to the u. S. Government as it tries to figure out exactly what to do behind closed doors and what potential truce, deal or no deal to accept or leave on the cutting room floor as it were. That report significantly moved the market perhaps the intention of
Weekend. Lets go over to karen rogers, a big day today, first snow of the season. Reporter if you believe it in maryland they have gotten 7 inches of snow. I was on the phone with accuweather. Were looking at satellite and radar. Were looking at the bulk of the moisture off the coast, were getting clipped by it in some areas. The snow is slow to arrive. Storm tracker 6 live down scan showing rain off the coast and snow shower or two as you move inward just a little bit. I want you to take a closer look at Storm Tracker 6 live. You can see light snow flurries and snowfall in gettysburg and snow in millville a speck of it in glassboro and surf city, but were basically dry through the region right now him were talking about a slower arrival of the snow time. Sitting at the freezing mark in Lehigh Valley. 32 in allentown. 33 in trenton. Above freezing in the city itself. 34 in millville. 31 in cape may. Its snowing in Cape May County. They have a dusting on the ground, testers below freezi