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Do you remember what the significance of that year was . I know you know but for those who dont, that was the introduction of the iphone which literally changed the way we use devices with those multimedia functions and enabled and opened up several doors of opportunity for us to have this conversation today but on a regulatory front which is more in line with your questions in the 1980s the sec launched its first cell phone spectrum van and through a series of those decisions, based on that, we...

Still in the red but a much better picture than it looked this morning. Abigail what a roller coaster on the day and the week. We had big gains from apple and tesla. This week, not so much. Nonetheless, the worst week since june for the s p 500 and the nasdaq 100 since march. The nasdaq down 1. 3 . Pressurehat selling really came off. The new york faang index down 1 at the end of the day. Some of this happened as value money seemed to give a tailwind to the macro sentiment. Yields really backing...

Of minds members of a Mexican Drug Cartel for their weapons during the president s visit to their stronghold. This could be a new means of transportation in the face for sure but for some a little scary when we go inside what could be the future of Long Distance travel in europe they call it the hyperloop. And sport Lewis Hamilton clinch is home position for the hungary and grand prix the defending formula one World Champion will start at the front of the grid for the 90th tie his career. For on...

Microsoft both helps to lead higher the vaccine for 1. 5 billion, a top analyst will tell us what it could mean for that stock. Power lunch starts right now bob pit sannist is watching them tlim toward new reports theyre trannen bond yeels, a very, very heavy week of auctions bob, lets start with you. Were not doing it in the way we thought, weve been having this rotation go on, not really happen today its largely tech. Remember on you banks, energy, stocks, industrials have been leading recentl...

Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick with joe kernen and Andrew Ross Sorkin well start with the markets after the dow fell for the first time in four sessions. Airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u. S. Equity futures this morning, youll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s p up 4. 5 yesterday, the dow was down 170. During the course of the morning, ...

We are getting out of equities and bonds. They are getting out of crude. They are all just going into dollar, the dollar being another safe haven here. Caroline certainly the dollar remains the haven of choice. It is interesting whether we are talking about an inflationary or deflation area cycle as sherry was pointing out. Volumes have been very much on the thin side today, and people have been taking a step back on the risk on and risk off folk us. Volumes in the s p 500 remain. Romaine i am g...

Close in 2020. Big day yesterday. Autonomous chaos meanwhile. Seattle looking to dismantle the capitol hill occupied protests as new one pops up in washington, d. C. Plus, back to the ball game, Major League Baseball looks to assure season this year but the players still need to get on board. More on sports talk, stay with us next hour tennis pro joining me live to talk about future of u. S. Open and new bourbon venture. We will talk with one ceo who kept employees on the payroll and bringing ne...

With neding to do that davis, chief u. S. Strategist. Panic, correlation started to break down. Are you looking at correlations as you start to look at u. S. Equity . About 20of all, i am years past my prime on hot dog eating contests. So i believe that to you guys. Wehink it is a general trend have seen over the past few months. Markets trying to get back to normal. While we can criticize the fed for maybe overreaching and buying fixed income, in reality, they stymied a panic in the market. We ...

Romaine we tuck about the nasdaq being at that record high. 7 , 8 is still about below its previous high that it hit before the drawdown in february. Likell 2000 down something 14 . When you start to sort of look at how this rally has been distributed, there are certainly a lot of areas that can play catch up. We have seen that kind of bottom feeding. Somel traders picked up on of these stocks that they felt were little bit too beatendown. Looking for a bit of a rebound there as well. Still with...

And it would obviously be fairly strong gains the week after the weakness we saw in the Broader Markets last week. Not a lot of individual news this morning, jim. But always curious as to what caught your attention. Oil at 40 makes people feel, wait a second, maybe the economy is not so bad. Maybe thats the v. We have of course an apple price target boost a couple of Companies Reported that were not disastrous thats regarded as being positive and the day traders, they dont stop at one point toda...