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American [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] [inaudible] good evening. Thank you for coming i just went from colorado. It is not often that i would rush for my mountaintop of the Rocky Mountains to come to this fall. As many of you know im a refugee. From the swamp, almost ten years ago i made a decision to leave after being here for nearly a decade to raise my family out in the Rocky Mountain west. I would pretty much crawl over broken glass to do anything that james okeefe asked me to do. He is, in my view o ....
For help Intelligence Committee chairman devin nunes to recuse himself from the russia pro. Theyve got those details coming out. Overnight, officers shot in the line of duty. Undercover cops injured in an ambush style attack. In oklahoma, iraqi officer killed during a traffic stop shootout. We have the latest coming up. Ford motor gears up for a major announced that set to unveil plans today for a significant investment of three michigan plants. No vote for amazon. The retail giant delays the opening of its cashier less story. The dow industrials looks to snap and it session losing streak. Again i futures. We will take a look at the quarter as we approach the end of the First Quarter this morning. In europe, and take a look. European indices fractional gains. In asia overnight, market as well. The nikkei average of better than 1 . The hang seng in hong kong that two th ....
Markets. First trading day of the Second Quarter. A pretty interesting bid in bonds this morning to talk about. Scott is wells fargo global strategist and nicholas, strategist, joins us to talk about that this morning. Tenyear down. Obviously you have the equities off their highs of the morning. Whats going on there . Tenyear is one of those k contra indicators. The 10year yield should be higher if growth will be there for the back half of the year. These 10year low yields are propping up stocks. Scott, how long does that dynamic last . Do you go along with nicks view of whats driving bonds . When you look at the fed prong projection and they tell us theyll do three hikes this year and three next year, are bond yields going to go up on that . I dont think so. I think the bond market is telling us that in a slow growth environment, you know, you raise rates six times in two years, you know, thats a headwind for economic growth. I t ....
Good tuesday morning. Welcome to squawk alley. Post nine. Obviously a major rally on our hands again this morning. The nasdaq hitting 6,000 for the first time ever. You have facebook, google, netflix, microsoft, a number of other names hitting alltime highs. The broader averages seeing big backtoback days of gains. Joining us to break it all down is our Senior Market editor. First backtoback 200point gains since election, november 8 and 9. The dow outperforming a little bit today thanks to caterpillar, but i do think its interesting. Yesterdays move i thought was a little bit too highly calibrated. It was a quick 1 . It just sat there all day. Didnt feel as if people were confident enough to say this was the start of a run back to the old highs. Today is different. Its more based on corporate fundamentals based on the fact that the market didnt just make it a oneday wonder and well look for followthrough. S p 500 up half percent wi ....
Its share of spooky moments. Plenty enough to send a chill down a random spine or hair to stand up straight on a sensitive invest investors neck. The major average did suffer their worst monthly performances since january, and it could have been worse. If banks and some big tech names hadnt held their own and bolstered the performance. And today oil did fall to a one month low over uncertainty about an opec production cut. As for stocks today, not too scary. Dow dropping to 18, 142. Nasdaq down nearly a point and the s p off just the slightest fraction. And now to a deal we told you on friday might happen. General electric has agreed to combine its oil and gas business with baker hughes and will create a new publicly traded company which will be majorityowned by ge. Ge shares were essentially flat, but baker hughes was down 6 . Morgan brennan has more on the tieup. Reporter its all about energy. The new baker hughes will combine the W ....