Infections the confirmed total nears 700000 but the real number could be far higher. The tensions between the u. K. And china rise as the ambassador in london vent his anger at gross interference in hong kong plus. The oscar winning composer Ennio Morricone best known for his spaghetti western scores die is aged 91. And there are many weddings with the sports news as President Trump launches the twitterers are called nuts calls on new black driver he asks bubble wallace to apologize for what he calls the hardbacks of a new spin from the news dollar and slams nascar all for banning the Confederate Flag. And of the United Kingdom has set its sights on those involved in the murder of john g. As it unveiled its 1st you know National Sanctions since leaving the European Union 49 individuals and organizations have been sanctioned on of the governments new system to punish human rights offenders russian authorities implicated in the death of lawyer Sergey Magnitsky have also been targeted san
59 minutes we are session highs on the dow record highs on the nasdaq composite intraday and set for a record close coming up, the rebound for Airline Stocks has been fast and furious. Is there enough demand to justify the rise well get a firsthand look with robin hayes. Plus, a powerful email from a Goldman Sachs employee about equality in america made the rounds on wall street in the past few days. Well speak with freddererick ba that is coming up on the show. Lets focus in on the big stories were watching to day. Mike san thole and Brian Sullivan watching the Energy Sector which is helping lead the market gains today mike, lets kick things off with you. Yeah, well, this rally continues to impress not just in the magnitude of the gains since the march 23rd low but the persistence of it. Look at a two year chart this is really now a broad move. Up until around this point, you can say it was relatively narrow yes, some of beaten down stocks gained most. Mostst reas of the reason is th
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
Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
It is fascinating. Berkshire hathaway has 116 billion in cash. Hes not sure what to do with it. He wants to make deals but everything is too expensive. Buffet also made 29 billion well, the company did with the tax cuts. Whats he going to do with that . Give it to shareholders . Dont know. Warren is not a big fan of tax cuts. And we expect to hear a little bit later. The Florida Shooting will be discussed arming trained teachers, limiting gun purchases to people 21 or older, and the apparent break down of Law Enforcement during the shooting rampage itself. All to be discussed. This is Varney Company monday, february the 26th, and we are about to begin. Stuart its wonderful to be back, you know . Liz welcome back. We missed you. Stuart i look well . Ashley rested. Liz yeah, you look good. Stuart what do you want . Ten bucks or 20 . Liz and charles, if youre watching, thank you very much indeed for picking up. Liz sure. Stuart during my week of absence. It will not be repeated. This is m