Chowing down on chipotle as the restaurant chain claims further into record territory. Aim melissa lee coming to you live from studio b on the desk, tim seymour and julie beal we start with the two letters that might mean more for the market than anything the fed does, ai the s p closing friday with solid gains climbing back towards the 5100 mark posting its best week since last november the nasdaq doing better up over 4 since monday and the dow ending a second straight week in the green. Those gains come as a slew of Economic Data should have spooked investors. The feds favored inflation gauge staying sticky Commodity Prices on the rise with crude, brent, and copper all higher but all that could not put a damper on the Artificial Intelligence parade. Alphabet surging to a record high after showing progress in its ai ambitions microsoft also climbing as ai boosted its cloud sales and nvidia, the poster child of the business jumping more than 6 today as it appears to be the beneficiary
The twoyear yield at 4. 22 joe. Honeywell is out with the First Quarter profit of 2. 25 a share. Revenue 9. 11 billion. The forecast was 9. 03 billion a little bit better than expected look at lets get to meta he did not change it to a. I. They are still spending more on the metaverse or part of the a. I. Spending . Who are they who are you . It is part of the metaverse shares of meta plummeted after the Company Issued a light forecast is overshadowed what was better than expected First Quarter results. I want to bring in dan flax. It was a fascinating call. In many ways, Mark Zuckerberg called it. A lot of volatility around the stock in what he calls these type of periods when they invest in this stuff. The question is whether investors and like them investing in this stuff, dan, and the market spoke last night. We have seen this movie before, perhaps. Good morning, andrew. We have seen this movie before with the transition to stories they have done well with reels in the last 24 mont
Whats happening with treasury yields a tz you know, the trend has been higher and that continues this morning the 10year is at 4. 63 the 2year while its in the green, its a little bit below where we were yesterday, 4. 94. Still below 5 well take a quick look at Oil Prices Data showing a drop in crude stocks, a positive sign for demand yesterday oil prices were higher, this morning giving back just about 39d . But wti is just below 30 a barrel. Meantime protests arrive ingn campus speaker johnson speaks about it. Meantime late last night columbias president providing an update, saying the school is now in talks with student protesters to clear an encampment on its west lawn. Theres a deadline tonight to dismantle or theyre consider other options to clear the area. The school now says theyre not tolerate discriminating behavior theyll put them through appropriate disciplinary processes. We will see. I know there are a whole bunch of donors watching all of this, waiting to figure out i sp
Tensions on college campuses. Last night, officials at nyu asked the nypd to remove pr protesters from the campus. The palestinian protests had not been authorized and asked police to enforce trespassing violations. Students and faculty among those arrested. And then at columbia university, classes for the semester would be hybrid and remote when possible as billionaire donors are rethink going support of columbia. In a statement, patriots owner robert kraft, is not comfortable supporting the university until corrective action is taken. When asked if he would pause support, leon cooperman said i cannot say that yet. He doesnt hold the administration possible for the demonstrations. He said the kids are out of control. Cooperman will join us live this morning at 8 00 a. M. To talk about the protests and donations and other plans as well as views, of course, of the market. Back to corporate news. We are watching novartis. Reporting better than expected First Quarter results and raised fu
Because the odds for a june fed rate policy pivot, well, theyre going it was just it was ridiculous. It was always going to be hot. Yeah, yeah. No. Plus, big tech divergence, alphabet, amazon at highs, jim, but apple and tesla, i dont know if you noticed, theyve been struggling a bit. Nvidia, were going to talk about that stock, of course. How could we not . Its entering a correction. Well, if you dont know what it is or if you think its my dog, then why dont you sell some. Finally, jim, the airlines are leading s p premarket gainers. Delta topping quarterly estimates. Its focused on efficiencies im focused on the fact that phil lebeau has been here for 25 years and hes the best. Lets not lose sight of real things. Hes the best he is. Rely on phil more than we ever have. Lets start with the market, get your reaction to the hotter than expected cpi print. Weve heard from the analysis in terms of expectations for a fed rate cut, which are fading fast. The yield curve inverting a bit. The