Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
[applause] ladies and gentlemen, thank you for coming out on yet another rainy day in kentucky in 2019. Let me take a moment to ask you to take your time now to check your cell phones and make sure it is turned off. Thank you all for coming out today to another historic moment for the history of the Mcconnell Center here at the university of louisville. Ive decided to handle it this way. I will not call you out. Thank you for bringing her today out in the rain or dragging her through the rain here today. This is a historic moment for the center, one of many in our history. I was thinking about it this week the very roman statesman, one of those important and one of the most important statesmen of all time in his book on duties as it seems if we were going w to live in a free socie, we would have duties. One it seems to me is to remember, to learn from our past and pass on to the rising generation. The two authors today have done that with the buck that we launched to the world. We also
Maria you have been really cautious on this market, negative, and youve been right. I want to get your take on what we might see for the rest of the year. Where are we in term of markets and investinged today from your standpoint . Sure. The Global Economy has been slowing now for about 18 months, and what i mean is leading indicators of Economic Activity have been losing momentum, and thats a had a big impact on where leadership is, has been within the market. So, for example, a year and a half ago value stocks were doing really well leading the market, and over the past year it became growth leadership, and recently more defensivelydriven equity market with utilities and staples outperforming. This is all the sign of a global slowdown that is continuing and we think has another 69 months left before we see an improvement. Maria what should we be looking at in terms of the most important metrics . I know we had the purchasing managers indexes earlier this year that really educated in
I want to get your take on what we might see for the rest of the year. Where are we in term of markets and investinged today from your standpoint . Sure. The Global Economy has been slowing now for about 18 months, and what i mean is leading indicators of Economic Activity have been losing momentum, and thats a had a big impact on where leadership is, has been within the market. So, for example, a year and a half ago value stocks were doing really well leading the market, and over the past year it became growth leadership, and recently more defensivelydriven equity market with utilities and staples outperforming. This is all the sign of a global slowdown that is continuing and we think has another 69 months left before we see an improvement. Maria what should we be looking at in terms of the most important metrics . I know we had the purchasing managers indexes earlier this year that really educated in term of giving us an insight into where the weakness was. It was manufacturing. Also
Ladies and gentlemen, thank you for coming out on yet haanother rainy day in kentuckyn 2019. Let me take a moment to ask you to take your time now to check your cell phones and make sure it is turned off. Are you picking me up on this, mike . Well, thank you all for coming out. Go ahead and sit down. You for coming out today to another historic moment in the history of the Mcconnell Center here at the university of louisville. Theres number of distinguished guests in the audience tonight and i decided to handle it this way. If you think i would feel you are distinguished, assume that is the case. I will not call you out. But i do owe an instruction and appreciation for president of the university of louisville for being here with us. [applause] thank you for bringing or dragging yourselves here throughout the rain today. This is and historic moment for the Mcconnell Center. Its one of many in our history and i was thinking about it this week that Marcus Cicero and the great roman state