The economy continues to rage on. I will get reaction from trump attorney jenna ellis in just a moment. And what did china really know . Was this virus released in a lab . Where does our relationship with the country of china go from here . I will get answers from Florida Governor rick scott. All that and more on making money. Charles well another morning of disappointing Bank Earnings and reminders of just how quickly economic carnage can pile up when you shut the economy down. But markets continue to also exhibit some spunk and attract buy on dips even on bad news, folks. So what is motivating markets . I want to bring in money map suppress, Keith Fitzgerald and point view Wealth Management david dietze. Keith, let me start with you. The dow is down. I dont consider the dow fob the market. There is no google, amazon, facebook or utilities and boeing has too much influence. S p for the most part higher. Nasdaq soaring what do you make of resolve were seeing these days versus two or th
Maria we have a big show this morning. Joining the conversation, Deirdre Bolton is here this morning, real clear politics cofounder and president tom bevin and pwc partner, mitch rochell. Thank you for being here. We have a market under pressure as a result of some i guess digestion over this trade deal. Take a look at the markets where were looking at a triple digit decline this morning for the dow industrials. Bloomburg is reporting that china wants more talks before signing phase one of the strayed deal. The u. S. Trade deal. The u. S. And china made progress on friday. China agreed to buy 40 to 50 billion worth of Agricultural Products while the u. S. Will suspend a planned tariff increase set to go into effect tomorrow. Beijing addressing currency and Financial Services concerns but setting aside issues like intellectual property and forced transfer of technology. Senior counsel to the president Kellyanne Conway spoke with me yesterday and heres how she saw it. That would be two a
It seems that way with the s p climbing 1. 1 and the s p 1. 8 and today for once seemed rooted in something very positive. The end of the greek disaster scenario took it off the table and there were plenty of people who believed that if greece broke with the euro there would be pure chaos in the financial world, dominos and those investors are now off the sidelines buying or recovering their short positions meaning buying back what they bet against because you most leakly arent going to see drachmas any time soon. The woman who ran the show the whole time german chancellor Angela Merkel closed this morning at 3 00 a. M. And lets just say the greeks blew it. They went for broke and got a terrible deal because in the end they wanted to be in the euro more than the germans wanted them in the euro. The germans were willing to throw them over. I think the europeans threw in the plan because they wanted to force them to vote yes. Maybe theyll see Leftwing Party propaganda that the deal wont
Particularly hard. At t points out their phone start, the turn is lower they are going to get their numbers. And everybody is trying to move to some of these issues i would say it was more media, but it is all the same, i guess. Telecom and media are the same now. Tmt. Thank you tmt. New network . No. Lets take a look at what happened overnight in asia you saw the japanese stocks this week have been sitting at new records just about every day that continues once again today with the nikkei up another 200 points this is now putting the nikkei at its highest close since september of 1996. 21,155 hang seng slightly higher. So was the shanghai composite yesterday. And in some of the morning trading we are already seeing, in europe youre going to see as we wait things are up for the most part. Looks like the ftse is down by. 20 right now. But these are modest advances from the other markets take a look at what is happening with crude oil prices. Yesterday crude oil settled down by 1. 4 . It
Financials driving the premarket following those beats from goldman and Morgan Stanley plus, netflix sharpens its fangs. The streaming giants beats on subs and promises an 8 billion on original content next year. The stock is poised to hit all time highs. Trump versus insurers, the president calling out insurers and drug makers, both unh and j and y have results this morning. Well get to that. But we are going to start with the banks. Goldman sachs beating expectations as investing bext revenue rising 17 and morgan stan lids exceeley exceeds on td bottom line. Its a good time to be in the Wealth Management Business Revenue there nearly half of the total. Dont forget has the president tweeted how many electric trillions have been added . I like the fact that Goldman Sachs did not report disappoint on this fixed income trading ip hoping Goldman Sachs reads the release and comes out more positive on the Conference Call. Last time they had good numbers but they were very sir couple inspect