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Chikfila. All that and more coming up on making money. Meantime stocks hitting record highs today as we continue our santa claus rally heading into the years end. What a difference a year makes. Last december it was all doom and gloom. It continued right through the summer. Recession jitters. President trump said to be rattled as economic alarm bells cause a wild week on wall street. There are indicators that the u. S. Could be headed for recession. There are some rough waters ahead, maybe a recession. Fears of a coming recession spiked on heels of a key economic indicator, what is called an inverted yield curve. The yield curve has inverted every, before every u. S. Recession since 1955. They say potential recession on the horizon. Recession. Recession. Recession. Susan a lot of use of the r word. We have experts predicting more gains to come next year into 2020, yes a president ial vote. Joining me, jim awad, we have Money Map Pres ....
Pulled off in germany. But first, a possible thanksgiving truce on trade. The two deals on the table are moving closer to resolutions. As you can see the markets are happy. President trump saying the u. S. Is in the final throes of reaching a trade deal with china, while mexico says Speaker Pelosi will hold a usmca vote between thanksgiving and the end of november. Edward lawrence has the very latest on the tray front to capitol hill. Sounds likes mexico knows more about this than we do. Reporter david, not a vote. She says she will get the agreement between thanksgiving and the end of november but House Speaker nancy pelosi clearly feeling the pressure. She did release this statement now saying that, quote, we are within range of a substantially improved agreement for americas workers. Now we need to see progress in writing from u. S. Trade representative for final review, us ....
Verdict, all counts. Ignores what was pretty intriguing morning session on capitol hill, the Second Public impeachment hearing. Slugs shrugs it shoulders keeps buying. What do you think . If they dont beat expectations Interest Rates will fall enough to help the downside risk. Worldwide Economic Data is not all that great. The market is very confident that there is some sort of safety net out there, safety net taking form of lower Interest Rates if needed. Neil all right. So if we have the dow flirting with 28,000. Stuart pointing out through the presidency up 10,000 points, is it a rich market through your eyes . Whoever is the white house occupant, for time being is it rich in your eyes . A rich market, from the perspective i would have difficult time telling somebo ....
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 for long term assessment of the economy. One of the debates going an inside the Federal Reserve with chairman jay powell. I interviewed, exclusive interview with tom barkin, president of the richmond fed. He said that inflation, or the prices are low. Inflation is low, ....
Hill how this could impact the market and how the impeachment inquiry could to from here. All that and so much more on making money. Stocks were sliding a little bit off the session lows of after a report the Trump Administration will not renew waivers set to expire in november with respect to huwai products. However there is a source telling fox there is no decision on extending those temporary licenses right now for the chinese company. Point view Wealth Management david dietze and monica mehta. Let me start with you. These seem to be speed bumps. Theyre not derailing the market. It is off less than 100 points. Here is what im seeing that is really intriguing. The report is out. America leveled sanctions against chinese oil tankers. On the other hand the Chinese Foreign minister we dont want to play game of t ....