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Last year. Interesting to contrast what is happening with walmart today with what is happening with amazon and the rest of big tech which is leading down the nasdaq 100. Amazon, facebook, microsoft and the likes of those names are drag it down despite the big beats from cisco and sales cost. Yes, crm was looking good. And now, the leading indicators are up 0. 6, and we talked to bob mctier and he said when you look at the cci, and the ppi and the confidence starts and the Industrial Production and it is running warm, and in his words, it is time for the fed to pull the trigger, and this is maybe why you are seeing the weakness today. And Henry Blodget is joining now. Taking a lookt alel l le tak look at walmart, and on track for one of the best days. But there was a call out that said that the growth is too slow on e commerce, and also, jeff bezos is firing back to dona ....
Home, and so techs and fpgss are leading the way. Josh brown, time to be more bullish about the market despite the headwinds that are perceived to be out there . Well, i are will say this, if you are into the confirmation bias, you are getting it right now, because the tone seems to have shifted almost overnight, and we are challenging the old high going back to may and june of 2015. I dont know if this is the time that we punch through, but we have been here before several time, and this is where we continue to fail. If we were to break through at this the point, and do it with the breadth that we have right now, which is very good, you will have all of the confirmation bias that you want. And we have dow, and s, and p and russell and nasdaq above the 200 days, and the technicals lining up, but yet, you are skeptical of it, and what are you saying . Well, the market is caught on the technicals and the weak upside, and you have a dovish fed, and the dollar showing some stabilization ye ....
We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin on the other side. So thats one massive opportunity for us to increase engagement in both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, its about putting them together with the crown jewels of microsoft, tha ....
Good morning. It is 8 00 a. M. In code conference here in rancho palos, and it is 11 00 a. M. On squawk alley are, and we are live. Good wednesday morning and we are live from the code conference, and Kayla Tausche is live at the New York Stock Exchange and here out west is with me is jon fortt and erinn lee and alex goodman. And now, the content is making headlines last night with jeff bezos, and here is what he said. I think of them as seeds being planted, and will ta turn into trees. And Amazon Studios could turn into a fourth pillar, and it is possible. What we are doing with alexa and echo and the natural language understanding evolves into an artificial agent, and by the way, i think that there are going to be a bunch of artificial agents in the world and just like apps and web sites this they are going to ....
You were out yesterday whether it was sorros, icahn, these german 10year threatening the zero bound. Yeah, i did a piece on mad money when the rich people who are big Money Managers have this kind of natural disposition to being negative, we cant necessarily take cue from them. I take my cue from oil. There is no doubt about it oils under pressure today. I dont take my cue from europe anymore because i believe that if the dollar is weak, right now you cant have a weak dollar because theyre buying so many of our bonds. But i keep waiting, thats the only thing thats popping up, the dollar. I do believe the yields are a little insane in europe. This is draghi doing it and hes having some success, and that is weakening the euro. Thats his plan. But i am again not i am more constructive than most because i just think when you look at the overall profile of the earnings weve been getting of late, and there havent been that many, theyre ....