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Theres the dow. Its a gain of 242 points. 3208 for the s p nearly onehalf of 1 . Nasdaq there at 9840 liz young, i want to go to you first. For somebody who has been uneasy over the run of this thing, what do you say now i remember our conversations about too far, too fast and now here we are. What to you do this is one of those weeks. Last week was one of those weeks that makes you really be humble as a Market Participant. The narratives have shifted. Now its shifted to participate in the restart what were seeing here, first shs i want to mention that im an investor, not a trader. Im trying to make money over the mid to long term here. Not necessarily on a weekly basis. The technicals of this market would tell you to protect yourself because theres so many stocks trading above their 50day moving average. It feels frothy. If you look at long term fundamentals both economic fundamentals and corporate fundamentals, it still says ....
Signing of that phase one trade agreement later this week. Joining us is charlie from aerial investments charlie, welcome. Thank you for having my well, you have to go specifically s p 500, which is protectly where you want to be right now. Frankly its starting to get expensive for us they continue to run, but at some point growth will have had its day, and value still looks tractive growth does not look attractive to me at this point. Interesting to hear you say that mike san tollist pointed out that in many ways the market is right where it was in 2018 does it feel that way . Yes, different from 2019. Last year there was gloom, a lot of talk about trade wars right now theres not a lot of bad news i say unfortunately, because the best time to invest is when people are worried about things. Right now theres just not a lot to worry about in the meantime lets focus on the big were covering dave calhouns first day wilfred has a preview of the banks earnings, and mike santoli has the marke ....
The issue its splitting parties. Joining strange allies are two big Republican Voters are on different sides. We will explain a political tug ofwar. First, lets get a check on the markets. A mixed dan wall street. The dow industrials up one third of a percent. You can see the s p has just now turned positive. It has been down today. The nasdaq composite is off by a third of a percent. Dollar tree falling following its results in the company says it will close nearly 1000 stores. Most of them Family Dollar locations. More on that, coming up or we start with tesla down 30 your today. Phil lebeau joins us now with more on teslas woes. Phil. Its a lot things that we have been talking about. The industry has been talking about for some time. People are now saying, maybe we should expect tesla to really face Slower Growth ove ....
A is definitely Commodities Energy story in terms of the dow. As thats the nasdaq off by. 2 . We are talking about falling oil as well as falling commodities as the bloomberg dollar index also rises. You can see it is definitely a very broad decline. It is also a mild decline. Materials is down the most by. 7 . We are seeing commodities in terms of gold, silver as well as copper all often the order of onemonth or twomudflows. Flows. Twomonth with oil on the downside, financials also slipping into negative territory. It had been the one lone positive earlier today, hoping that rates might rise as we head to jackson hole. We have to wait and see. Of theake a look at some biggest s p point losers right now. These are where they stand. Apple is down about. 8 . Lowest sincets august 11, about 10 days or so. Waiting for the new iphone, coming out in about a month or so. Ibm down 1. 2 . And verizon done about. 5 . Generally speaking, ....
Percent and the dow is up little higher and the nasdaq is up by 1 . Question was whether traders would see a selloff before the president s day to day weekend but we are Holding Onto Gains as we go into the holiday weekend. Lets look at sector performance. You can see for the most part its a broadbased rally. The s p 500 10 sectors are in the green but utilities are down a little. Financials are the biggest leader up by 3. 25 and they were the biggest laggard yesterday. 2. 4 ials are up by 25 and energy is up. Some of the financial stocks are in rally mode. Bank of america and citigroup yesterday fell 6. 5 . They are now up by 5 . Is up 7 off of that news as well as wells fargo. Lets take a look at energy. With energy, crude oil is up 10 at 6 . It had been up about 11 but we are now up near the 29 per barrel mark, near session highs. This is the biggest jump since january. Yesterday, it fell to the lowest hint of days. At equi ....