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Shazam is this an Artificial Intelligence play . Were going to look. Whats to buy ahead of tax reform debate on whether Airline Stocks could be the big beneficiaries of any tax bill. But we do start with the story thats taken wall street, main street, any street, frankly, by storm, and that is bitcoin. Bitcoin futures popping in their first full day of trading on the cboe Cnbcs Bob Pisani joining us with that story. Bob, everybody is talking about it. It is and its finally happened the good thing is at least trading has happened and relatively orderly we passed 18,000, folks. Bitcoin futures opened 6 00 last night eastern time, 15,000, moved up very, very quickly. Here you see its over 18,000. So its been small, 3,600 contracts, figure the math here. 17,000 p 17,000, 18,000 about 60 million. Thats not a lot bu ....
Investors closely watching the d. C. Tea leaves for signs of a shutdown. Apple does appear to be poised to repatriate billions in overseas cash and flepledges to create 20,000 over the next five years and over a new campus. Morgan stanley beats the Investment Bank reporting growth across the board first up stocks are coming off best day since november. The dow closing above 26 k for first time the s p and nasdaq seeing fresh record closes. The tech sector led the way posting its best oneday performance. Got to go back to october, jim, for tech having a better day than wednesday. There were two tech rallies yesterday. There was one stimulated by asnl its a european company, they make gigantic, the size of city buses, capital equipment, machinery and they say listen, the demand for semiconductors is off the chart. That then triggered a big rally in the Texas Instruments of ....
President trump calling on congress for 1. 5 trillion bill to help fix the country crumbling infrastructure tomorrows report, apple gets a downgrade, disappointing iphone demand and the s p 500 the worst day since may of last year despite the sell off though. Almost, six decades heading into the trading section of the month, each 5. 5. Nasdaq is up 7 for the month. 14 record s p 500 closes is the most since 1955. I have to go back, thats seven years. I heard the speech last night, not only the president , hes literally taking credit for the stock market and hesdone lot to make it so that this rally makes sense. You look at the boeing quarter today. You everyone is skeptical and some of them is antitrump. Come on, this economy is thnot that good. You look at the electricity number, they dont lie and you come back and say listen, what do you want how for real do you want it to be what do you need to see . A 6 gdp number . It is real you can make an argument that it is reflected in stock ....
Just under 30 minutes until the end of the session. The high, the bull market we entered yesterday stuttering, or is it sputtering . The lefthand column are the european equities, down by 2 3 of 1 . All those currencies rising against the dollar. Weve got a mixed bag in the bond market, the greek 10 year yield is lower. Commodities and credit default swaps are the final two. You know im a bit of a whichcal analysis nerd, is why i love this chart, the euro stocks 50. From what weve seen in the last 14 days, according to the relative strength index, weve seen the euro area stocks are overboard. Running, the euro stocks 50 has been about 70 and above. 30 and below is over. That is the longest run in overbought territory since 1999. The euro stocks 50 is one of the stocks 500. Is. A wonderful sure that continuing to go from strength to strength. Highest level since 2013. Core inflation is important. Inching up to. 9 . It is barely off its lows,. 6 last year. Inflation creeping up, this wil ....