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Right . When you talked about the japanese markets, we see the japanese yen gaining ground after it gained, was almost at the highest level in five months against the u. S. Dollar. Perhaps taking a little bit from the equity markets there. As you mention, this following the boj coming through with a 500 billion yen to provide stability to financial markets. Lets get a deeper look at the markets with sarah. Today, ther on Conference Call with the g7 finance ministers. We have seen a Global Relief rally while still intact, starting to fade. Japanese equities, the nikkei two to five, has given up almost all of its gains, now trading flat on the day. It was the boj statement yesterday that really got the relief rally rolling. Now we see japan leading the way down. Meanwhile, asx 200, australian stocks still trading very aalthy, the best day in over year, head of the rba decision ....
The stock getting hit today despite a big upgrade. Should you buy on this drop . Its our call of the day Halftime Report starts right now. Welcome, good to have you with us on this wednesday. What a big day it is our Investment Committee is here joe, steve, carrie, we begin with the latest in the markets where stocks are clearly waiting on the fed i was going to go to you first, weiss, but you should. Go to weiss. Penalty box sometimes its best not to lean in, steve. What has to happen today in thats what i want to know first. What has to happen today powell has to come out and not be overly hawk in what he is p projecting for the economy so you have to have a cut and you have to have a dovish cut. You have to have a dovish cut. I think that we have a market that could be disappointed after today. I think a lot has been priced in in terms of the construct of the market ....
Tech sector higher and the Federal ReserveDecision Just days away with an Interest Rate cut firmly expected by wall street joining uts for ts for the hour lindsey bell perfect day to have you because you are the sort of earnings scorecard keeper things feel a lot better than they were expected going in. Absolutely. This was the busiest week of earnings so far this season. But what was surprising to me is hear from all the companies talking about the outlook. I was expecting them to cut numbers sharply and most reiterated and even raised guidance of course there is a few that cut and took things down because of uncertainty around trade and other things but i thought that it would come from a more Broad Spectrum of companies. The themes that we can take from this week ....
Fed rate cuts and a decade. A busy week also brings policy decisions from tokyo and london. Shery lets get you started with a check of the markets closed. The session in the u. S. , the s p 500 and the nasdaq closed at record highs. The biggest jump in three weeks for the s p 500. The biggest in five for the nasdaq. We have twitter and alphabet leading a tech rally on positive results. Gains coming from stronger than expected secondquarter gdp numbers. We will see a rate cut by the fed this week. A very busy week for earnings in the u. S. We are expecting more than 160 companies to report. U. S. Futures unchanged. Lets see how we are setting up for asia. After a bright start, we have seen new zealand grinding steadily lower, looking kind of flat. Nikkei futures, kospi futures also flat. Busy week of earnings out of japan particularly. 157 Companies Reporting this week. Twoy we will hear from among others. 1 5 other kospi will ....
Good evening, everyone. Welcome. Well, the stage is set and investors cheered. Federal reserve chair Jerome Powell bolstered the case for a possible Interest Rate cut when policymakers meet at the end of he suggested that lowering the benchmark rate would bolster growth and cited a number of uncertainties here and around the globe. Thatd lif optimism on wall street, sending the nasdaq to new highs and the s p 500 ble l briefly through the 3,000 mark before it pulled back. The downd jonestrial average rose 26 points to 26,860. Theasdaq was up 60 and the s p 500 gained 13. We have two reports tonight. Bob pisani is at the New York Stock Exchange, but we begin with Steve Liesman and the fed. Fed chairman Jerome P ....