You might need some hardware to fix it. Lock it power lunch. The may melt up. All of them hitting highs yet again. All three on track for a second straight week of gains. And check out the days movers within the averages. Canada goose soaring almost 10 on its earnings beat. The apparel maker. 60 since the ipo in midmarch. Broadcom, its rallying. Beating estimates and giving an outlook. Heres what else is happening. Kkr raising more than 9 billion for its most asia fund. And sets a new record for the region. Goldman sachs under fire for buying bonds in venezuela. Now the wall street journal reporting that goldmans trade was not reviewed by top executives. And new yorks attorney general claiming that exxon mobil misled about how it accounts for the impact of Climate Change on the operations by using internal estimates that were different from its public estimates and statements. And speaking of Climate Change, big business, not happy with President Trumps decision to pull out of the Glob
Dom chu . As we talk about whats going on overall with the markets, talk about the idea that the investors and traders are perhaps looking at reassessing how these things, risks are setting up. A lot changed in terms of market perceptions. The risks havent really changed. Take a look at our market thermometer to see how investors and traders are gauging the level of severity that particular catalysts could have. A summer Interest Rate hike, yes. Front and center for a lot of traders out there. So is the uk possibly leaving the European Union and the u. S. Election coming up this fall. The riskier aspects for the market right now, some of the ones weve seen kind of scale back a little bit. Remember, last year, china was a huge part of the story. The market volatility there. Trading halts, everything. Chinas economy is a big concern. What theyre not a big part of the narrative as they were in the latter part of last year, early this year as well. Oil prices, remember, we thought crude wa
But this rough weather is starting to have an impact on the Great American economy and Steve Liesman has some really great and interesting stats and facts for us. We are talking about the impact, everything from jobs to stocks as a result of the weather. Im Bill Griffith in for tyler. Great to be back on power lunch. Sue is ready to go with several big market stories. Its great to have you with me today. You mentioned the big nasdaq spike. The big caps and small caps are also making some very big moves today. You see the drop and the pop for the s p midcap index. A similar pattern for the small caps. Youll see that in the russell. You can see it right there, as a matter of fact. Down. 75 . Yeartodate the russell is down 6 . The midcaps down 5 . Perhaps we shouldnt be surprised given the gains we saw last year. Seema mody is live in times square to put some perspective on all of that today. Good afternoon. The nasdaq on track for its worst week since june of 2012, that adp report certai
What, 263. Wow. Down from 3 not long ago. All right, europe looked pretty good at least last time i checked. That continues to be the case. Largely green, of course. You had the nikkei up after the 4. 2 drop the day previous. Kind of going back around the world the other way as in positively at least so far. Lets get to our roadmap this morning and it starts with those markets which are preparing for as you saw a decline at the open after private Sector Employment data comes in below forecast. Also weighing on investors s p downgrades puerto ricos general obligation yesterday they go to junk level status. Merck misses by a penny due to patent expirations and ralph rawrn beat lauren beats. And twitter set to report its First Quarter as a Public Company after the bell today. And big news from cvs caremark announcing it will stop selling cigarettes and other Tobacco Products at its 7,600 stores by october 1st of this year. Whoa. That is an interesting story. Futures extending their losses
Icahn. He is called a rater trying to discourse cash. Im ron burgundy and i will read anything in the teleprompter. It seems the anchorman has been everywhere, lately. He has the viral marketing blitz, a new business of buzz. Breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. We dont know yet, but one candidate who may be fading is ford ceo mulaly. There were concerns about his lack of technology experience. They want a new ceo, ideally, before the end of the year. Tom giles, good to see you on the east coast. It is like bloomberg east here. This is a big deal. They are busting the phones to find out what they heard, tell us about it. It turns out we found the name of the person, he is the coo of qualcomm. A well regarded company and has done well in terms of the stock price and growth. They are a leader in wireless technology, specifically the chips that a lot of phones you and i use. Microsoft has had an area of wea