FIRST AIRED: December 31, 2018

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Transcript

00:00:00
>>
APPLAUSE
>> US stocks rose on Monday in a broad-based rally as signs of progress in US China trade talk set up Wall Street to close out the last day of 2018 on an upbeat note. Global stocks and commodity prices were lifted on Monday over optimism of US-China trade talks advancing, sparked by President Donald Trump's weekend claim that big progress was being made.
00:00:24
A silver lining on a bleak and miserable cloud that shadowed Wall Street all month, which suffered the worst December since the 1930's. Investors may see the recent selloff as a tentative buying opportunity, particularly for tech stocks like Facebook, Apple, Amazon, Netflix, and Google. Reuters Correspondent Charles McAlojack.>> As far as the franc stocks go, they got beat up pretty bad, obviously leading into the end of the year.
00:00:51
So you might start seeing people dip their toe back in the water trying to pick at them now that they're a little bit cheaper. If that does happen then that's gonna be good for the broader market, because they're such big weights in the indexes that they'll wind up lifting everything, which is kind of what we saw at the beginning of the year to start with.
00:01:06
>> Overall, market unease is expected to remain into the New Year. After violent swings this month including Wall Street's worse ever Christmas Eve drop. One of the year's worst performers was the index of major Chinese companies. China's factory activity contracted for the first time in over two years in December as Beijing sees to end the trade war with Washington.