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Call on ge why he says there could be more turbulence ahead its our call of the day and michael farr is unveiling his top ten stocks for 2020. Part of halftimes game plan to get you ready for the new decade Investment Committee is ready to go Halftime Report starts right now. Welcome good to have you with us on this friday our Investment Committee, jim, josh, steve weiss, jenna, the chief Investment Officer at boston private wealth. Michael farr is the ceo of farr, miller and washington. Also with us today onset, keith banks, the head and vice chairman of bank of Americas Solutions group. Stocks are hitting more highs. Could be the first eightday winning streak in more than ten months we ha ....
Fiveday losing streak for stocks in some six months. Worries about chinas market meltdown and earnings here at home unsettling investors. Josh, is that really whats at play and what has more weight on the psyche of investors, or china . I think the china thing is really weighing on the psyche of investors but its important to keep in mind whats happening in china is really happening against the backdrop of a weakening picture for the market and the reason why thats important to people outside of just a handful of technical analysts is that people actually own stocks and when they look at their portfolio every week, they see less and less of them green, more and more of them red. You see this in decline, highs minus lows, up volume versus down volumes, the percentage of stocks above their 200day moving average. That number continues to plummet each week. People feel less and less good about the advance. And now you have this eightmonth consolidation period where stocks essentially have ....
Fortt, seema mody joins us this morning at post 9. We begin the hour with some breaking news out of disney. The company saying the board of directors has extended bob igers contract as chairman and ceo to july 2nd of 2019. Orrin smith is the independent lead director. He says given bob igers outstanding leadership, his record of success in a changing media landscape, and his clear Strategic Vision for disneys future, it is obvious that the companies and its shareholders will be best served by his continued leadership. I think returning to Julia Boorstin on some of this as we make sense on what igers going to be around for a while, julia. Thats right. Theres been a lot of talk and speculation about who was going to replace bob iger when his contract expired at the end of june 2018. And so, the fact that this is being extended for a year is not a big surprise because there wa ....
Son to grow up and run a company in the manner that valeant was run. How do you respond . We made a lot of changes in the last few weeks. I have been on the board for about five weeks. We have a new ceo, joe papa, who is starting today. Today is his First Official day. Appropriate i should be on your show. The companys made some mistakes but i think where charlie is wrong, hes wrong to indict an entire company on the basis of a few mistakes and a leader that is no longer with the business now. And the 22,000 people work for this company, i think this is a Great Company. When you look at the one of the things i was sort of thinking about to give you a sense of context, think about when berkshire invested in Goldman Sachs. Goldman sachs had to be one of the most reviled companies in the country, accused of all kinds of bad s ....
Its another big day today of u. S. Earnings. Alibaba and ford all report before the market open. All eyes will be on google and amazon. Of course people are still talking about the fed press release from yesterday. The Federal Reserve not showing its hand that its wavering over whether to hike rates this year. In its policy statement the fed says it will still be patient. That word patient is still there in raising rates and is upbeat on the u. S. Economy setting solid growth and strong job gains. The fed says that while pressures are holding down inflation, mainly oil prices those are intensifying. Its optimistic prices will move back toward its 2 target. Wilfred . Thanks. Lets look in in the markets and were in the red today and really its been risk off sentiment thats transferred through different time zones and no particular region has been able to buck that trend over the last 48 hours. You can see the stoxx 600 down. 7 and ....