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Is life with more. The white house put huawei on the blacklist a year ago, but the administration is still worried that it is relying too heavily on u. S. Technology and on u. S. Software so today the white house is tightening the restrictions around a supply chain. Companies will now be banned from providing huawei with chips made using American Parts or American Design unless they receive special permission from the commerce department. Of course, this also applies not just to huawei, but also to its affiliate including its inhouse chipmaker silicon and it comes at a time when the white house is trying to blame china for spreading the coronavirus. Just today this afternoon President Trump told reporters that he is not thrilled with the possibility that china wont fulfill its obligations under the phase one trade deal ....
Here it is, word for word, quote, trump says china may or may not keep the trade deal, end quote. That sent stocks into the close. Check out the move on the nasdaq, for instance it was up big for most of the day and the sharp slide in the final moments of trade ditto for the s p 500. So guy adami, is china back in play here . Is this the next big risk factor for the markets . Yes, and before i get into great detail, i have to wish tim seymour, as he power pitches today, a very happy birthday just wanted to get that out. Happy birthday, tim seymour what was that very kind thank you. Yeah. I absolutely think this is a big deal and we started talking about it last week, and not in terms of their trade deal or where theyre going to keep their end of the bargain and in terms of some of the rhetoric coming out of the Trump Administration what im commenting is the rhetoric seems to be getting louder and in no way, shape or form is ....
That china would take more measures to bolster its economy. Companies from adidas to tyson are spelling out what the impact will be on their bottom lines and the pace of homebuilding fell less than expected and it surged to a 13year high our closer today, with the debate just showers way, former chair sheila bair willbe here to discuss a wealth tax, financial transaction tax and how markets are responding why she says as a republican shes voting for warren. Thats all coming up after the bell joining us for the hour, keith bliss, welcome back, keith. Thank you very much. The question has been asked a lot of times, and yet you still look at these markets and record high territory going up every day despite the coronavirus warnings and fears and cases and you wond frer if theres a disconnect. I dont think theres a disconnect i didnt think there was going to be much to this story its a serious story and could impact the markets the longer it goes on. Now were starting to see the trend is c ....
Nasdaq on track for the best performance. Dow futures indicated up about 34 points and gains for the nasdaq and s p futures treasuries, the 10year has finally hit 1. 9 exactly been watching for that a long time above that yesterday. Looking at it as the economy has shown some pretty strong signs. Now we do it in tens. Normally we wait for 3 . The volatility we talked about that. The inflation volatility is really low he thinks that why multiples have stayed so high. It will take years of inflations coming back. Multiples can stay where they are. This just happened well bring it to you. An Iraqi Security source telling nbc news that demonstrators have stormed the u. S. Embassy in baghdads green zone they have used tear gas grenades to try and prevent them from moving inside the compound hundreds have gathered what we saw. Some saying it was about time that some of the air strikes killed fighters from iranbacked coalition from opera ....
It is a tradition, right im trying to advertise this shirt i bought years ago one day a year i get to use it i go year off, year on i have a tie i sometimes do. Tartan, what is the pronunciation we good with hes got the tartan each one means something a family or a clan well make up a story give him a couple of scotches you are an irishman, not a scott, right a quick shout out to dean and the whole crew that put that together, which is awesome every year, it is so fun. Every year. Shall we lets get it going. Why dont we start with the markets. The markets are at alltime highs. The dow closer higher yesterday. All three major averages closing with record closings more on boeing in the show the trading day is shortened so everybody can go out and panic shop and panic wrap. Market closing at 1 00 eastern and the bond market at 2 00 p. M. Eastern. The bond market ever a fraction higher any gain, whatever it is is going to be a new record look at the banner, the nasdaq winning streak now th ....