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Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew from the fed and from economists and disease experts. He suggested that what it is really going to take is a vaccine before people feel really confident and the economy can start to move back in the direction of where it was before all of this started. He said congress and the central bank may need to do more to keep us afloat during t ....
Going to me on the phone is chuck grom, Gordon Haskett retail analyst. Joining me in new york is Lauren Goodwin, new york life multiasset per folio strategist, and Brooke Sutherland of bloomberg opinion. Give us a rundown of where walmart fell short. Brooke it was not great all the way around. The fourthquarter came in weaker than expected, and they called out unexpected softness in the weeks leading up to christmas, which is not what you want to hear from a major retailer. That is in line with what weve heard from a number of Different Companies that are not named amazon, which raises a lot of interesting questions about what the Competitive Landscape actually looks like. Also weighing on invest ....
And nasdaq are positive, many caps higher with the exception of apple, how many times have we said that . Amd is a big gainer approaching 300 billion in market cap, its largest ever, nvidia what else closing out with another gain, almost 800 bucks, not so much for snowflake today, it is tracking for his worst day ever following earnings and guidance that takes us to our talk of the tape, we are really in a sweet spot for stocks. Lets ask gabriella santos, chief Market Strategist for jp morgan Asset Management live with us once again, nice to see you. Welcome back. What a month it has been, its been broadbased, nasdaq 5 , s p almost five, the dow is the lacquered. Are we set up for a week spot . We are seeing signs of that broadening out, one thing we do is we track contribution to returns of the 10 largest companies. As of january, 90 . It was a arryover of last years st ....
Small caps didnt do anything to begin the year but slowly starting to perk colate up. Our talk of the tape. You have the fed decision on wednesday. You have a very busy earnings season can anything should all the bears, if theres any left, should they go in to hibernation . Lets ask anastasia amoroso, icaps manager. Good to see you dow 11 days whats happened . I dont understand what changed from two weeks ago thats the point. The technical point is still constructive for stocks meaning if we stay around these levels well continue to trade above moving averages and all the key cta commodity adviser thresholds, so theres no reason to sell. Theres been a catalyst to sell. When i think about this week, you know, we go into just a monster week for Central Banks we have the fed, the doj, we have the ecb if the fed does deliver the last rate hike, thats the thing for stocks if big tech earnings deliver this week, thats again supportive fo ....
Small caps didnt do anything to begin the year but slowly starting to perk colate up. Our talk of the tape. You have the fed decision on wednesday. You have a very busy earnings season can anything should all the bears, if theres any left, should they go in to hibernation . Lets ask anastasia amoroso, icaps manager. Good to see you dow 11 days whats happened . I dont understand what changed from two weeks ago thats the point. The technical point is still constructive for stocks meaning if we stay around these levels well continue to trade above moving averages and all the key cta commodity adviser thresholds, so theres no reason to sell. Theres been a catalyst to sell. When i think about this week, you know, we go into just a monster week for Central Banks we have the fed, the doj, we have the ecb if the fed does deliver the last rate hike, thats the thing for stocks if big tech earnings deliver this week, thats again supportive fo ....