Page 2 - Michael Olson News Today

Summertime good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post nine of the New York Stock Exchange chlgt market taking a breather after a strong week. Big tech of course setting record highs all week long led by f. A. N. G. Stocks as amazon continues to flirt with 1,000 a share. Nasdaq has only had three down days this month. Its on pace for fifth positive week in six. For more were joined by scale ventures partner kay mitchell here at post nine a...

Im Brian Sullivan and power lunch begins right now. And welcome to power lunch. S p and nasdaq in danger of posting their first declines in eight sessions. Its not just amazon hitting new highs. Carnival trading at alltime high levels back to its ipo in 1987. Netflix and 3m also at record levels. Im becky quick. We begin with breaking news from the Federal Reserve and steve liesman, we meet again. Reporter brain ard with some very interesting comments saying the rate hike is likely appropriate t...

Market out west, ethan kerzwhile and gene munster happy friday to everybody. Talk some markets and tech here. The nasdaq extending the win streak to ten for the First Time Since 2015 the index posted the 41st record close of the year. Last time the nasdaq had a win streak longer than 10 was a 12day streak back in july of 2009 what a week it has been for tech, gene we had s p 500 tech sector recovered that 2,000 record. We had the ad line, some argue, get a little extended here how are you feelin...

Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is s...

The media giant also announced it is removing its movies or will be from netflix and itll launch its own streaming service. We have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5 today. North korea, well get to that in just a moment. Mylan warning today its delaying product launches because of regulatory uncertainty. The latest data shows the drug approvals are on pace to set a record this year what kind of un...

Power lunch starts right now good day, everybody the three averages bouncing back just a bit from yesterdays selloff and three days of declines the latest inflation data fueling some gains despite those gains, the dow is on track for the worst weekly decline since april. The s p 500 on track for its biggest weekly drop since march. Check out the transports, they are on pace for their best daily performance in a month youd say maybe its a little mixed picture. Fedex, rider systems, avis, budget l...

In the next hour we will be talking with sheila patel, Goldman Sachs ceo international. Xi and talk about President Trump in light of that north korean Ballistic Missile overnight. Also, how are investors in asia handling that a geopolitical risk and the potential of a trade war. David that is looking towards asia, what about europe . On brexit, we will have some discussion about the terms of the negotiation. Alix the Eu Parliament approving that deal, saying youve got to pay your bill before we...

A look at where european equities are trading right now here on this monday session. You know the function, global macro movements, calling for a first weekly its increase in five weeks against the dollar with these other rates rising. Amidst all of this talk of allowing inflation to overshoot credit default swaps and commodities, what a day we are having on this first new trading day of the week. The first new day without talking about Deutsche Bank. They are exploring tricking the u. S. Operat...

First, markets close in two hours. Julie hyman has been watching the movement. Julie we saw a pullback from those record levels yesterday. , sort ofower volume feels like a sideways trading pattern. The nasdaq is down. 5 . Volume of 14 versus the 20 day average. You see the other groups seeing defensiveume groups seeing that pullback in particular. What is putting pressure on the s p 500 . It has a lot to do with earnings. Netflix beating estimates, but subscriber growth trailed estimates. Phili...

Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that t...