With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst
Vietnam coverage lets look at futures now as we get set up 30 minutes from now for the opening trading for the week were looking for a higher open at this point after a strong week last week road map, it does start with geopolitical risks for stocks. Iran and trade remain, of course, key focus. Stocks set to open higher as you saw. The dow now on pace for its best june in 80 years. Plus, President Trumps rate rant the president calling out the fed saying it is acting like a stubborn child. In deal moves, eldorado i cs entertainment, 8. 5 billion equity val ue deal, well dig into it. We enter the final week of june, the upcoming g20 meeting, tengs between the u. S. And iran and President Trump once again criticizing the fed. This morning, a little while ago, he tweeted, despite a Federal Reserve that doesnt know what it is doing, raised rates far too fast, and did large scale tightening, 50 billion a month, were on course to have one of the best months of june in u. S. History. Think of
From Stewart Frankel welcome, steve thank you are we going to end the sixday win streak here . If we did would it be a shock . And its still plenty of time for us to turn around, turn green. We bounced about 6 off the lows but we are not overbought. So to your point, i dont think that we necessarily have toned today but its a good stop to say lets take a breather, were still above all the moving averages in the overall market about 10 handles lower in the s p cash but i still think were on good footing. Is 2900 a tough footh for the s p . It is because its a big fat round number so i think the 2954, the alltime highs, thats the tough number you have to worry about, not the 2900 lets focus in on the big stories we are watching. Bob pisani has whats driving todays market which of course has been up and down ylan mui is watching a tech antitrust hearing on capitol hill and phil lebeau is covering teslas Shareholders Meeting bob, lets start with you. Lets take a look whats going on its ver
Junction. The company is at a critical junction the company is at a critical junction. United states and china at the junction. United states and china at the moment junction. United states and china at the moment are i junction. United states and china at the moment are engaged in what we see a strategic competition. In the competition when two sides are competing to has to be only one when i. Foxconn wants to do business with both and they want to be with both and they want to be with both and they want to be with both winners, but they can only be one winner. find with both winners, but they can only be one winner. Only be one winner. And his first other only be one winner. And his first other interview only be one winner. And his first other interview with. First other interview with international media, young liu, foxconn s chairman, charts the companys survival. We foxconns chairman, charts the companys survival. Companys survival. We hope eace companys survival. We hope peace a
Thursday october 19, 8 00 a. M. On the east coast,President Biden will address the facing tonight from washington after returning from israel, the president pledging support for israel but the also promising humanitarian aid stoifrnz in gaza and west bank, a Longtime State Department official josh paul resigning from post yesterday, over President Bidens ongoing support for israel he said, he said on you linked in supplying israel with weapons impulsive mentally disappointing. Tiana imagine saying no, we side with other guy with the ones the concentration camps killing jewish civilians the goals same hamas the day reckoning only comes once they exterminate all Jews Joe Biden surprised all of us with the fact he has stood this strongly with israel question in speech how much does he ebb directly call out hamass foreign allies how much does he call out primarily iran, does he commit to shutting off spigot to iran, hasnt mentioned iran once. Kaylee after meeting with netanyahu maybe cemen