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And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest te...

Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get ex...

Senate mcconnell has promised as a doc a bill and amendments will come up in a fair way when it comes to those issues on immigration and very soon paul ryan has promised no such thing paul ryan says he will bring up issues to the floor if donald trump would sign them and thats a hard line and im glad hes sticking to that and steve are there any details on the infrastructure number i know that theyre talking about including that in there but if you heard any numbers. No i remember you and i after the state of the union discussed that it will probably come down to two hundred. Two hundred Millio...

The infrastructure number i know that theyre talking about including that in there but if you heard any numbers you. Know i remember you and i after the state of the union discussed that it would probably come down to two hundred. Two hundred Million Dollars from the federal government that a lot of subsidies no theres been no specifics that ive heard about thats not true theres i think six sixty three billion for opioid abuse and eighty some odd billion for a military spending so there are some numbers i have not seen a number for what you just alluded to as far as infrastructure and do you i...

Need 50 votes to pass. Surely the republicans can get these 50 votes. And here is this mornings president ial tweet. The budget passed late last night. 51 to 49, we got zero democrat votes with only rand paul, he will vote for tax cuts, voting against. Investors clearly share the confidence, expect another record high moments from now. Totally different subject. A passionate rebuke to Federico Wilson and the media from white house chief of staff john kelly, she was wrong, he was right. Wait till you hear what a tomp clinton aide had to say about it. These people have no shame, Varney Company a...