Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Between mexicos president and the king of saudi arabia and president putin. What the deal does is 9. 7 Million Barrels of oil. A diplomatic victory only cutting 100,000 barrels. Past theren in the are some that struggle to comply with the likes of iraq and russia as well. If you look deeper, and Goldman Sachs with some of these numbers, if you look at the First Quarter of averages, it could be closer to 5 Million Barrels a day of real oil coming off the market. You see a lot of people like the president of the United States talking about 20 Million Barrels a day. That accounts for other producers declining production but not voluntarily. Economic driven decline. This cut is voluntary cuts from Oil Producers. What has the price of oil done . Initially it went up, then it went down, now is back up a bit. What is the market telling us . Annmarie the market is saying it is not enough because we have serious demand destruction. We used about 100 Million Barrels of oil day and are probably w
Short bet. Traders take their positions fast money Halftime Report starts right now all right welcome. Big show today our Investment Committee is here joe, stephanie, josh brown lets begin with the markets those comments from paul jones, what he told cnbc in daf as about what he calls the explosion driving markets. We are just again in the crazies craziest monetary mix in history. Its explosive it defies imagination. And i dont think anything is changed. It reminds me a lot of early 99. So early 99 we had 1. 6 pce 2. 3 cpi we had ex act same metrics today. Thats out in davos josh brown, turn to you. Answer the question. Time to worry or party like its 99 i think most investors are doing a little bit of both the data does not show that any segment of investors, whether talking about institutions, hedge funds, retail, Family Office foundation, there is nobody out there right now acting in word or indeed as though its 1999 you just dont see that form of euphoria out there in the market do
Visibility as a factor yet again 40s and 50s for your current temperatures across the bay were not looking at any 30s in the north bay. So a much more mild morning than what we had been saying as we make our way into the afternoon sunshine does make its return were just waiting for to little bit longer today, 60s and 70s for our eventual daytime highs. Robin thank you john were checking the drive from the north bay to San Francisco and it stands as usual from highway 37 to 5 80 in sandra fell. And then after to the golden gate on into San Francisco. That portion of the drive looks really good. So 25 minutes total to make it to the toll plaza, the bay bridge traffic is. Its a sham from the maids. Approach on 5, 8, if you come from that direction its solid from 24. Youre backed up on on to the northbound limits freeway connector and coming from the e sure as well that 80 west traffic. Busy out of rodale from before highway 4 in Little Pockets down to reveal so full house at the bay bridg
Your portfolio with these names. The Investment Committee is ready to go. Halftime report starts right now. We are ready to go. Happy wednesday. Its a big day a lot of stories to get to and were going to give you the playbook to navigate whats going on from washington to wall street also, weve got joseph new gaarden b on the set and ill call it a great pit crew joe terror nova, steve weiss pete na jair jair yan whos jogging here and Global Investment strategist at jpmorgan private bank. All right, other stations can cover the political side of what is going on. Our job, take out the noise, know how to get through it all, smartly. So we know this. Wall street has a whole new risk to worry about impeachment but stocks seem not to care. At least today, they are pushing high er after President Trump said a trade deal with china may come sooner than we think. First, lets get to the news kayla with more on exactly where we stand brian, the president had describeded the russia investigation a