The dow at record highs at janet yellen gave something for investors to get dwit xooited about saying the future of rate hikes will be a gradual process. The s p jumping, nasdaq ride tog a fourday winning streak with real estate and tech stocks, so did janet yellen just give the green light to investors what do you do now the green light has been there for a while. Did she just reenforce the headlight . Why is can fading away i think she reenforced the green light thats been there for a while. The xlf has held a level that needed it in 23. Industrials continue to crush names like honeywell and boeing and quietly, the ivb continues to go higher as well, so there are sectors that have worked and will continue to work. The idea that rates dont have to rise considerably to get back to neutral seems to put a cappen how far rates can go to the yup yup side think about the fed and the trillion dollar Balance Sheet which has people at some point puts pressure on today was a shigtly positive do
Brent crude up to 55. 48. Okay. Breaking Global Market news some early news this morning. The Uk Supreme Court ruling against the British Government in a key brexit decision. The vote means the Prime Minister, theresa may, must get parliaments approval in order to trigger brexit. Look at the pound moving on a result of this. Youre seeing it falling there over a half percent this morning. A couple other big stories to tell you about, yahoo reporting better than expected results on the top and bottom line. The company saying the sale of its core Internet Business to verizon should be completed in the Second Quarter which helped ease investor concerns that the deal might collapse. The 4. 8 billion transaction was supposed to close in the First Quarter. We talked about it yesterday along with that news that the government was looking at yahoo and the fact it had not disclosed that breach earlier. Barclays turning cautious on apple. Downgrading the iphonemaker. The analyst is cutting apple
You can see kind of a mixed bag. Didnt give me italy or spain, normally i get italy or spain when im on the desk here. Theres germany, france and the ftse of course which is the only one in the green. Tenyear note yield, there it is. 1. 738 is where we stand. Crude of course had the nice move and helped some of those oil related Energy Related companies of late. Lets call it down a little bit as you see but still above 50. Our road map this morning starts with microsoft shares. They are set to hit an alltime high after strong earnings on a quarter that was boosted by what they are doing in the cloud. Were going to dig into a report with jim. Shares of tobacco maker reynolds soaring on news that British American tobacco offering to buy what it doesnt already own in the company for about 47 billion. Ive got a lot of details on this one. Youll want to stay tuned. Well share them with you. And shares of mcdonalds moving higher. Well break down the quarter and talk about what it means for s
He has a near perfect record. At 7 30 eastern time, Marathon Asset Management Bruce Richards is betting big on europe. Coming up at 8 00 eastern time, well get political with former obama chief of staff bill daley. Hes now working for a swiss hedge fund. A lot of them will be talking to what weve been talking about this morning. First, lets get you up to speed on todays headlines. Are you ready for this . Im gary owens. Ive got one of these things on. Its like youre madonna, only i need yes. That wont look at good on me. You already hear some of the buzz . I realize again why we have these on. Theres a huge thing going on behind us. Not yet because its early. But today, tech is the dominant. That was the dominant theme of this mornings stocks to watch. Lets start with apple and ibm. The two teaming up on a Partnership Starting this fall. Ibm will sell iphones and ipads loaded with applications geared at business users. Shares of both companies did rise after hours. I took a look last n
Thank you becky one of the key Decision Makers now defending a decision to launch a program. The launch had now been moved in the right direction and said Market Reaction was encouraging thus far and next big question a major election in greece this weekend. Back in the United States the focus is on earnings and economic data. On the agenda heres whats happening. Quarterly results from General Electric and mcdonalds before the bell but two data points coming up at 10 00 eastern time. Existing home sales and leading economic indicators. Stock futures at this hour dow opening up 5 points higher. S p 500. Nasdaq up about a point. Now to todays top stories. Succession in audi arabwe saudi arabia. Brother to brother. These are the sons of the original king of saudi arabia. The unspoken question is what is next for saudi arabia. Is this the last brother. Yes it is. King salman. Hes a half brother. Hes 70. Hes in his 70s. Thats pretty young at this point. I know that now. When we were talking