Coming up, should the markets top regulatory guns force companies to admit to investors what their exposure to the contagion really is . As blue chips, s p and nasdaq sink into the red, we have the former s. E. C. Director who says theyd better, and theyd better do it fast. Plus, its a company thats been doing anything but playing around. The man behind mattel set to address investors tomorrow. But hes here today, live on the claman countdown. In a fox business exclusive, mattel chairman and ceo ynon kreiz on the new hollywood streaming partnership hes striking to turn hot wheels and barbie into big screen blockbusters. Plus, the end of an era at lingerie giant victorias secret. Another city yanks the welcome mat out from under amazon. Wait until you see who slammed the door this time. And the most valuable picks in an overvalued market. Less than an hour to the closing bell. Lets start the claman countdown. Liz we want to direct your eyes to the screen right now. Youre looking at a li
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
August but mostly, especially the Fourth Quarter, has been knocking it out of the park. We do know that today and for the week it is a holiday shortened week and what that means for volume. Take a look at the volume chart i am showing here in my terminal. Given that it is a holiday shortened start everyone but me is on vacation, volume is down 50 from the average. The biggest drops in volume, healthcare, real estate, and utilities, the safety sectors are not being traded today. Youre getting a broadbased risk on sentiment. For me in San Francisco it is all about amazon and Consumer Discretionary is really leading the way. All of the other sectors are only up about one half of 1 . But take a look at amazon leading gains after posting another big holiday season. Billions of items were shipped, tens of millions of amazon devices like the echo. Were sold. And if we flip up the board is mostly risk on with crude and copper rising. Haven, alsofe catching 8 10 of 1 . That is a look at u. S. M
Lets dive in with reporters. Abigail, what are you watching . Term love your technical for trading today, meh for the s p 500. One that had been neutral for a long time. The rsi momentum indicator also stuck in a range. Surelybut slowly but started to turn bullish. A set of higher lows. On each dip im of the buyers had more conviction, stepped up. This congestion is broken to the upside. Anis expected we will see equal and opposite move toward the upside. Take a look at the rsi right below 70. Everyone gets cautious when it is around 70 but technicians do not mind that. It is when you have a series of lower highs that it gets bearish. Havesuggests we could record closing highs ahead. Mike obviously, the rotation from growth and value stocks into volume stocks, but there is one opportunity for value for volume hunters that hasnt gotten attention. The version of the s p 500. At 20. 5 times earnings. Trading at about 18. 3 times earnings. Since 2008. Fors a similar story forward earnings.