Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m
Those losses right after the numbers came out. And one of the reasons facebook shares may have traded lower is because the stock had run up so much in anticipation of strong earnings in a quarter where the company beat pretty much across the board. Revenue, earnings and user numbers all better than expected. Cfo david wayner who we spoke to right after those numbers were out telling us that video as well as growing engagement particularly on mobile devices are factors driving results. We have nearly 1. 5 billion users on facebook. Thats nearly half the worlds online population. And thats growing very nicely. We added 173 Million People to facebook year over year. Thats our strongest growth in nearly two years. And those people are coming back. Weve got 65 of our monthly users coming back every day. On the Earnings Call were going to be looking for more insight into the success of those video ads as well as the role of instagram ads. And were going to be looking also for some details on
Some stocks hit hard yesterday bouncing back this morning apple, amazon, netflix and invidia. Apple is helping to ush about the dow to an intra day record high lets bring in our global vins tore wall pter price. Good morning so a couple things make me nervous. We have had multiquarter runs on a lot of these stocks, an he will up more than 50 percent offer 12 months. Not a binary choice, but what do you do with it here if you have it already do you add to it or sit tight . Were sitting tight right now. Although the stock is town about down about 6 port st. Lucie t6 s i think the earnings will be better than expected. About down 6 the last few days. I think the earnings will be better than expected and with an he will you haapples waiting for the new iphone so earnings wont be exciting until they announce that new phone in september do you have an opinion about what is going to be a catalyst in the back half of the year, not just for apple, but tech stocks in general . How much of an imp
Welcome to power lunch. Im michelle carusocabrera. The major averages are lower kicking off the busiest week for earnings but the s p tracking for its best monthly gain since february the nasdaq was on track right here, yes. Best month since january oil pushing higher, crude prices up more than 1 . We keep show l well get to that. Financials carving out small gains, utilities and health care lagging, j j, home depot, the biggest losers in the dow right now. Some of the big movers pandora higher on news of state pajama makers, maybe not blue apron, we finally get it, soaring on positive comments but hasbro is tanking. A deeper dive on these stocks straight ahead here on power lunch. Thank you, michelle. Im tyler madison. Waiting for Jared Kushner to make a statement at the white house after his session with the Senate Intelligence Committee Earlier today. We are also waiting for the democrats to unveil what they are calling their better deal for the economy and for americans at an event
Tenyear works its way back to 2. 3. And schiller up. Caterpillar, mcdonalds among the big dow boosters premarket. Alphabet shares sliding premarket, googles Parent Company reporting an earnings week but profits hit by a fine from the eu. Jeff bezos, trump takes to twitter, blasting amazon yet again. 3m, dupont also reporting. Also out, lily and gm. Metals are getting a bid today copper trying to break out. Thats exactly what i thought would play out caterpillar, this international would pay out. Im surprised that the United States is so strong here construction equipment, thats exactly what you want to see for energy, for transport. North america, incredibly strong latin america better than i thought. Construction is just on fire youve got a tremendous, tremendous story here where the numbers are much higher than anybody was thinking this stock will not stop at 113. There will be some bears who will try to say china is not that strong. But in the end this raise is the most serious of t