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Earnings which will include some hightech bellwether names later in the week. We have apple shares, they lost their opening pop despite top apple analysts saying first day iphone 12 preorders surpassed last years numbers for the iphone 11. That bodes well for the mini and pro max, who Iphone Models that have not taken preorders and ship four weeks from today a couple more big q4 products, the xbox series x and the Sony Playstation 5 will hit shelves verizon and at t this week morelikely with 5g comments Texas Instruments and intel all reporting. Mike santoli joins us now with more well get more of a Critical Mass of earnings hitting the tape the question is is the street going to be more impressed this week than last week in the opening rounds we had an 81 beat r ....
We start with the 1. 1 trillion countdown, amazon, microsoft, apple, all reporting next week and the stakes couldnt be higher guy, we kick it off with you, which of these tech titans will you be most focused on hello, mel. And when carter worth is back you know fast money, its almost back 100 . Its great that cbw is back. For me its amazon next thursday this is something weve been talking about for a while and while you were away and one of the things we talked about collectively is how well amazon was trading and amazons rallied 50 from the load we made seemingly a month ago. Well see if it bores out and i think you own it into earnings on thursday. You pull the rip cord ahead and you look to reenter the position at 2170 which if you recall was the high we topped out in february. Thats how im looking at it, and thats how i think you trade amazon next week. Amazon is a microcosm, tim, if you will, of the trends going on right now in this pandemic when we have the work from home trend w ....
Moment right now the dow is down by 33 points take a look at what happened to equity markets overnight in asia youll see that the nikkei was flat the hang seng was down by. 8 and the shanghai composite up by. 1 in europe theres active trading taking place in the markets. Youll see its a little bit of a mixed picture. Three major averages are weaker with the ftse down by. 5 . Italy and spain are seeing stocks higher and then finally check out the treasury market here in the United States. This has been the thing we started watching so closely yesterday. You did see an inversion of the yield curve with the ten year yield challenging the 2 year yield. Right nowits slightly above the 2year as it should be at least. That inverted slightly yesterday late in the session. Right now 10year is yielding 1. 581 the two year is yielding 1. 561 . Were getting close on that again. That and maybe this as well investors suffering a bit of whiplash ....
The end of may if thats the biggest youre going to get, hey, well take it big moves in bunds yields on the tenyear note falling below 10 . There you see it at 1. 99, if my eyes serve me. And gold marching higher prices up 10 so far this month. Sixyear highs on gold more on the gold trade ahead kelly. Tyler, thanks lets get to the comments from fed chair powell he was speaking in the past hour about the economy and fed policy hes still speaking right now because its still the council of Foreign Relations part of the q a. This is, again, Federal Reserve chair jay powell saying the Federal Reserve will act as necessary, as needed to sustain the economic expansion he says that uncertainty over trade and Global Growth have increased. But hes grappling over whether th ....