Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writers strike, obviously for Warner Brothers is important.
Looking at one of the close e races to a fresh s p record. All the s p needs to mark a new if high is a tiny fraction,. 02 points to the upside. Right now were up 5. 75, so were there. Now, yesterday it missed it by a nanoinch. Right now we do have it in there, so youve got to stay tuned the whole hour. Hour. The rest of the markets in the green, mostly. The russell is the laggard, down about 5 points and after yesterdays nearly 2000 above 200point drop, the dows up a bit, up 25 points. Any gain for the nasdaq would eclipse the record and throughout much of the session lets look at the nasdaq intraday, its kind of poked both above and below the flatline. But with about 59 minutes left to trade, its in the green by 13 points. So were looking at a record at the moment. The two notable nasdaq stocks blasting to never if before seen heights, microsoft, number one of them, touching the highest level invest orers have ever seen. High of the session, here we go, we do have microsoft at is tha
It is a pit of a freak key friday in the markets. I am Lauren Simonetti in for liz claman. Lets begin with a fox market alert. Look here, you can see stocks searching for direction all day, switching between red and green. Right now the dow is up 80 to points, near the highs of the session. The s p 500 is fractionally higher, not even a point. The nasdaq is lower by 2426 26, and the russell 2000 is down by 2. 5. We are within reach of records for all three of the major indices. Right now the dow needs to close higher by more than 38 points. It will then finish at a record high. It did cross 40,000 yesterday but has yet to finish bo that level. As for the s p 500, the Broader Market needs to gain 11 points for its record close, and the nasdaq needs to finish up by 44. Of course, anything can happen in this final hour of trade, and since were coalescing right near those record highs, well be monitoring it the whole time. Lets take a look at the week. Really great week. Each index up over
Well. I think the s p has set 23 new highs for this year. If you look at treasury yields, you will see that right now it looks like the 10 year is at 438. So lower than earlier in the week. Two year also lower at 478. If you look at some of the meme stocks, that Activity Still alive and well this morning. I will see shares of gamestop up after they fell by 30 yesterday. Amc down by 15 yesterday. But this morning it is up by 4. 3 . You have the blackberry stock up again by 1. 3 . Those stocks by the way are up come back a second. Thanks. About 83 and 72 respectively. You were here you saw the ppi, you didnt see the cpi. But i read it. And that is where the yields boom, 438. Meantime china announcing its most aggressive steps yet to revive its struggling rehe will stays sector. Beijing will have a 42 billion relending fund which they will try to put together to help local state owned companies repurpose unsold properties to public housing. China also eased Mortgage Rates nationwide and p
Doordash joins us to run through the companys latest results. There is a wealth of micro data today that we will be digging into, not to mention new yorkbased peloton. I am looking at a plot at a broad index. We are seeing the nasdaq up. 7 . We are relieved we will not see rate hikes but no signal of rate cuts as we see a resilient u. S. Overall jobs picture which we get no detail of friday. Yes there is a cooling, the slowest increase in jobs since november. We are seeing a 10 year yield down one basis point. We anticipate the jobs data and the bloomberg dollar index weaker as we see a bit of a relief. Down. 4 . What is bitcoin during versus the u. S. Dollar . They were up 3 . A risk on trade today. What are you watching on this Corporate News front . Ed lets start with peloton. Wild morning session. The ceo will step down. 50 of the Global Headcount will be cut. Things are not Getting Better for peloton. Look at the chart to illustrate the point. When the market opened there was a se