Ashley no robot could ever replace charles payne. Thank you very much. Good to see you. Time to crank up the duke box. Bad news is good news onp and nasdaq trading at alltime highs, up to the Consumer Price index, lighter than expected. We are on record watch for all three major averages, the dow needs to close 249 points to make history. It is on course, up 274. The s p has had an intraday high, finishing 7. 7 points to set a new mark, 53. 49. Any game for the nasdaq will be a second straight, it is up 250 points. The green on screens likely on rate cut hopes, the april cpi more than expected month over month with annual expectations, poor cpi met expectations coming in at 3. 6, the smallest annual cpi growth in three years and the slowing economic picture retail sales for april coming in month over month after wall street was expecting a 0. 4 rise. Neil cashcari says americans are spending more than he expected. Rates probably need to see where they are until more inflation data is c
Companys ceo as it also gets ready to report after the bell speaking of earnings, it is the busiest week of Quarterly Results, nearly onethird of the s p 500 and 20 of the dow are reporting. F apple and amazon lead the way this week. Lets begin with tesla, rallying in the premarket today, following musks visit to china. The company, winning approval to roll out its full selfdriving technology in that country, jim. This is a partnership with baidu, being called a watershed moment for fsd you need to have i remember when i rode in a waymo, which is googles product, you had to have the google map you just need this infrastructure in order to be able to make it. It was obviously being withheld. Is it worth 22 points . I think that people were short tesla, betting there had to be more lets say, more earnings problems i mean, theres an evercore piece, lowering price target, that was probably prechina. But david, there is a sense among the companies that make selfdriving that theres this holy
Gets a win with tech. Trouble in the csuite as paramounts executive is looking for the exit it is monday, april 29th, 2024 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Live from cnbc london. We kick off the check of the futures with the nasdaq and s p coming off the best week since november we are in the green across the board. It looks like the dow would open 60 points higher a bit off the highs of early this morning you see they are in the green this morning huge gains in tech and Communications Thanks to alphabet stocks with earnings last week. The Company Opening with the market cap above 2 trillion for the first time ever. Shares are pulling back this morning. We are checking the nasdaq 100 premarket gainers look at the stocks that are gaining in the premarket. We are seeing give us a second to pull those up. Tesla at the top of the list after striking the deal in china. Shares up 6. 5 that is followed by apple. Reporting earnings th
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that period, the unemployment number that friday, thats the