Page 2 - Tom Barkin News Today

Good thursday morning. Welcome to squawk on the street. Im carl kint nia and jim cramer still over 1 million for the 20th straight week ahead of the jobs number. Leader mcconnell will join us on the stimulus talks that continue on the hill followed by Speaker Pelosi later this hour, jim, as we continue to get reports that the two sides are trillions of dollars apart. Yeah. This is a day where we have to find out in our interviews whether theres any hope for compromise because if there isnt, your...

All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments...

The second world war. Futures are rising. Oil retreats after a meeting with Top Producers is delayed. Talk is tough. We are just under an hour away from the start of cash Equities Trading in europe. Gains looking at decent across European Equity indexes. If you take a look at u. S. Futures, you see gains. Asian stocks advanced as well as these gains that we have seen. Daily reported death tolls and some hotspots dropped on sunday. Boris johnson was put into the hospital. Lets get into the market...

Plus and russia signaled they want to try to cut output to help restore some balance going on at least on the supplyside of things. So crude of course having a pretty good start to the second quarter. I do want to flip up the board and fold it over into some analysis we heard from muhammad el 5 arian between the risks of the high yield market and investment bond market. He said beware of fallen angels. Theres a risk of some of these triple credits being downgraded to junk. One of the biggest ris...

On the u. S. Economy. Down now about 3. 5 or so. Small caps artificially underperforming for the fifth time in six days. All on concerns about the strength or lack of strength within the u. S. Economy. I do want to take a look at the vix. If there is any bright spot going on, it is that it is hovering below 50. It is the first time going back to march 11, so it looks like there could be a little bit of an improvement here. Certainly feels better than the height of an 80 handle that we had. We do...

Biggest loser. You just heard from courtney, after missing on earnings and slashing that forecast joining us for the full first hour, wealth management. Josh, as we just mentioned, fedex down a full 10 on earnings whats your take on that its important to point out that this trend in fedex stock actually began in january 2018 its been falling almost two years straight with very little respite on the way down. At this point, i think the answer, what you do with fedex, differs if youre a trader or ...

Somewhere 1. 4 but the mixed signals are there. Because the Unemployment Rate is at 3. 5 . The lowest since 1969. Wages are rising. Still on the uncertainty, specifically, trade, and the Global Economic slowdown, companies are basically frozen with what to do with the money. Theyre sitting on a pile of cash but waiting for some of that trade uncertainty to sort of shake itself out to figure out where they want to invest cash going forward. That is what the Federal Reserve is trying to figure out...

November 10th and 11th. That is thrown into the mix. Were told this is not part of the ongoing trade talks but put as wrinkle or maybe a hatchet in them. Blake burman at it whoo house with more on that. Markets are confused. So am i. What do you make of this port . I spoke with someone familiar with the matter. The way it is described there is a ongoing policy process, taking place, during the policy process one of the discussions the u. S. Might, it was stressed to me, might, limit investment f...

Percent. Nasdaq down 53. Major Market Indices falling better than 1 yesterday, the selloff coming after surprise decline in Manufacturing Activity after the World Trade Organization cut global trade forecast for the year, we told you about that yesterday, joining us hodges capital manager, craig hodge. What did you make of manufacturing data and what do you think that tells us about the economy and the markets. Its obviously not positive, we put all the manufacturing, its only ahird of the econo...

Maybe 50 odd points today. Its a down day, at least at the opening bell. Caution, tomorrow we get the big report on the Service Sector and friday, the big jobs report. If either confirms the manufacturing slowdown, im going to say watch out below. And this, too, may be a negative for stocks. The hong kong shooting tuesday night, an 18yearold High School Student goes down. It is urban warfare. No other name for it. More protests are planned for right now. Dont ignore this. The National Day Milita...