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Signs of a possible future American recession?
Todd Horwitz and Flynn Zito Capital Management of BubbaTrading.com, Doug Flynn, co-founder of the Federal Reserve, on the earnings season and the outlook for the US economy.
Shares traded in a tight range Wednesday before the release of the minutes of the Fed's latest meeting, in which policymakers removed any explicit reference to future rate increases from its monetary policy statement.
Prior to the January meeting, the central bank had included this language in all its declarations since 2015.
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Trade talks continue between the United States and China. President Trump said Tuesday that the talks with China were going well and hinted that he was willing to postpone the deadline to complete the negotiations, saying that March 1 was not a "magic" date.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 25903.37 | +12.05 | + 0.05% |
| SP500 | S & P 500 | 2778.28 | -1.48 | -0.05% |
| I: COMP | COMPOUND INDEX NASDAQ | 7496.4041 | 9.64 | + 0.13% |
The shares of CVS Health Corp. fell after sales of $ 54.42 billion were below expectations and the company's adjusted earnings per share for fiscal 2019 are in line with Wall Street's expectations.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| CVS | CVS HEALTH CORPORATION | 63.98 | -5.90 | -8.44% |
In Europe, the London FTSE rose 0.2%, the German DAX 0.4% and the French CAC 0.3%.
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In the Asian markets, the Shanghai Composite of China rose 0.2%, the Hong Kong Hang Seng 1% and Japan Nikkei 0.6%, their highest level in nine weeks.
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