Page 3 - Tom Mcclellan News Today

Good monday morning. Welcome to squawk alley. Were at post nine john fort is live at one market in San Francisco what a morning, guys, for the first day of the second half of the year not only is the dow set a record high, transports setting the first record high since the beginning of march but you have the ten year at 234, above levels that they said were critical. What does this say the dow, the transports, financials, its coming to some degree at the expense of the big cap techs. Seems like ...

Yes, this is the last hour of trading on this shortened market day and there are fireworks in the stock market a pretty good start to the second half of the year, right extraordinary we are up 200 points just a second ago alltime intraday high for the dow and alltime intraday high for the transports look at financials and Energy Leading the way, some of the laggards for this year and Tom Mcclellan will tell us later why he thinks the bull run is forar from over a new report this morning says Pre...

Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, a...

Squawk alley. Thanks so much, jackie. 10 00 a. M. At sprint headquarters in oberlin park, kansas, 11 00 a. M. On wall street and squawk alley is live. Good morning. Thanks for join us on squawk alley. With me at post 9, mike santoli and kelly evans. Karla and jon have the morning off. We start with the markets on this thursday. The trump rally taking a bit of a step back as we continue to hover more than 100 points below dow 20,000. The blue chip index coming off its second tripledigit loss sinc...

Jon fortt and Brian Sullivan is also here for the hour. Good morning to all of you. Carl has the morning off. Joining us, Business Insider ceo Henry Blodgett and Stifel Nicolaus Market Strategist kevin karen. Were going to talk about the markets, talk about the fact that we are not only hitting and opening at dow 20,000 but also rising through that level. President donald trump commenting on the markets record move in an interview yesterday with abcs david muir. Take a listen. Im very proud of t...

Shares higher despite a miss. Whats up next for the Delivery Company . First up, tuesdays session went from that record intraday high for the nas earlier in the session to the worst day of the year. Jim, were going to walk through reasons why this happened, the play book if it in fact changed anything at all. Yes. I think that shortterm there is a sense that if the tenyears calling all the shots and the tenyear is showing perhaps things are slowing or will slow because we will not get the stimul...

Carl. And it was based on trump being able to implement his pro growth agenda. Now, the components of that were a tax cut, dismantling regulation, and infrastructure spending. The Affordable Care act was not a part of that, but it was assumed as a given that he would be able to revise or replace the Affordable Care act. The fact that hes run into some trouble there has jeopardized the tax cut program. Trump campaigned on increasing growth. He said he could get growth from 2 , where its been sinc...

Today. Most news obviously going to be overshadowed by politics. As we said, stocks around the globe rallying after fbi director james comeys comments. The s p looks to break a ninesession losing streak. Jim, ive been looking for corporate news, micro stuff, thats just not going to pop today. No, look, mgm is going to have a good number, but i dont want to minimize it. I did a piece this morning, i look through the charts pretty much every weekend for the last 30 years. I didnt open because it r...

Dramatically. Asian markets fell between 1 and 2 . In his victory speech last night trump struck an optimistic tone regarding americas future. We must reclaim our countrys destiny and dream big and bold and daring. We have to do that. Were going to dream of things for our country, and beautiful things and successful things once again. Jim, we talked to you last night before the race was actually called. Your thoughts this morning. Well, look, i think that people are going to be divided between t...

India. Jeff bezos met with Prime Minister modi last night. Well hear from him when he addresses Congress Later this morning. Clinton wins enough delegates to become the Presumptive Democratic nominee. Is the battle between her and mr. Trump gains momentum. The market seems to be shrugging off this political uncertainty. Shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. Well talk about whats ahead for that ...