Rebounding after a few sessions of losses. Lets get the details from Abigail Doolittle. Abigail bitcoin is one of the bigger stories. It is up 30 , breaking five major levels, climbing above 16,000 briefly. Around 15,000. Pretty extraordinary. The futures for bitcoin will itrt trading on the cme, will be interesting considering it will allow investors to shore bitcoin. It is up more than 45 on the week. Lets take a look at equities. On the nasdaqs 100, russell 2000, the biotech and stocks and chip indices. Biotech, up 1. 6 . We have seen some recent selling for stocks. Today, between bitcoin and some of these other indexes, true growth and momentum. A rebound, suggesting may be the tech selloff we have seen recently was a very shortterm phenomenon. Time will tell. Dig beneath the surface here, take a look at some of the movers we are going to see. Nvidia nicely,tocks up probably being helped by bitcoin, considering some of its chips are used by the cryptocurrency. Facebook and alphabet
Proctor, utx, merck and more. Nikkei had a sixmonth high of a weaker yen. Oil inventories after the bell. Case schiller home prices up 5. 3. Out of road map begins with major blue chips reporting earnings from cat to gm, due paupt and visa. Under armour shares are down double digits, despite a betterthanexpected number. And the latest regulatory issues surrounding at ts merger with time warner. Netflixs Reed Hastings weighing in on the deal. First up, among the dow components out with results this morning, caterpillar beats on the bottom line, misses on revenue, cuts their fullyear guidance saying most of its end markets remaining challenged. And then proctors results are above consensus. Thursday on squawk on the street sara eisen will have an exclusive with p g Ceo David Taylor coming into the job. Says that this quarter marks what he called a good start for the fiscal year, jim. This is a remarkable morning because you see two Companies Like Procter Gamble and dupont putting up 3 or
Here. Well discuss it with mr. Hays in terms of the decisions they made and what ive heard, of course, is how serious those conversations were. Last april and may, when they began. When they were revisited from the honeywell side in september, when they sent utx a letter. Most recently last week when they made a new proposal at 108 a share, 40 ownership of the combined company, 42 a share in cash. 22 premium to the then stock price. So, a lot to talk to mr. Hayes about. Not to mention my man here, mr. Cramer, always has questions when it comes to the fundamentals of the company. Sure. You get this combination going. Its hard not to say, look, we can finally deal with boeing and airbus. On a level playing field. The partners for Success Program that boeing has had has crushed a lot of these companies. You put these two together, they could have muscle against boeing. Like that. Utx doesnt seem to be it is a combination that would pass antitrust muster. Thats something well focus on. Doe
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