Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Perfect problem. So he needed a way to sort of delineate problems. If you think about the world problems, you got the ones who are salt so that we can cover the solution. And may be a problem that symbiosis already figured out. Then you have the ones that are one reason or another are so lovable. We just dont have the ways to do it. But then theres a group in the middle of solvable problems that have not yet been solved. Jim so that is what i call the perfect problem because that in fact, is the focus of what i think the leadership is. In other words we are looking for a way to solve a problem that is solvable but has not been density going to have to be doing something new and you dont get a copy it. So what happened with jack, jack dorsey and i, while i hired jack when he was 15. It was a High School Student and came into work at a company that actually still have. I dont run any of my companies but i also never sell them. At some of this one has been around for 30 years. And jack an
We will have those numbers. Lyftber andt went public. They turned 46 so far this year. The last time i saw these types of gains, 2009. When the index returned 60 . To break down what is driving this, it is mike reagan. What is feeling this massive rally . If you look at the main gainers in the tech index, it is mostly shift americas. You have amd more than doubled. Kla almost doubling. There has been a lot of talk on wall street about this rotation out of growth into value. I think that oversize what happened. Growth has not gone out of style. It was not a great year for growth. The stock market is all about the next big thing. What are the next big things people are talking about . 5g will be a big thing. A lot of chips needed for that. The internet of things is still in the early stages. Machine learning, artificial intelligence, there is a lot of optimism built around these innovations. Arena hascomputing still not completely matured. I think people are really looking forward to tha
A deal in principle and one that will have many people feel relieved after hours of discussions Russia Ukraine and the European Union have reached a tentative gas deal which will go into effect on january 1st the deal was brokered right here in berlin and heres what we know about it. These pipes up front and center of a geopolitical crisis natural gas is supposed to be sent from russia to germany to supply the e. U. With one of its Major Energy Sources the north stream and nordstrom to pipelines. Bypass ukraine and save on billions in transit fees that are currently a major source of income for the neighboring country. Not to rely entirely on the north rim deliberate system russia still wants to send some gas to ukraine asked for ukraine the country depends on gas from russia but moscow has weaponized its supply in the past cutting it off repeatedly in the 1990 s. Russian president putin says similar action is no longer planned. We are not going to sign any kind of contract with ukrain
Uber and lyft went on public with much fanfare. What does 2020 have been store . The s p 500 returning 46 so far this year. The last time we saw these gains was 2009 with the index returned 60 . The breakdown for what is driving this is michael regan. What is fueling this massive rally . Mike mostly chipmakers. Lam research. There has been talk about this rotation out of growth into value. Sells whatcell happened. It wasnt a great year for growth for most chip stocks. It is about the next big thing. What are the next big things . 5g, a lot of chips needed for that. Is in early stages. Machine learning, ai, there is a lot of optimism tilted around these innovations. The Cloud Computing arena has still not completely matured. The next big thing used to be social media, google, facebook, and those have matured to some degree. People are looking forward to that next big bump up in Tech Innovation we will see in 5g and iot and on and on and on. Taylor i want to look at this chart im showing