President s chief economic adviser larry kudlow. Hes going to join us. Thats the question we will ask, when, where and how will some americans be able to get back to work. Now, check out the market. It reopens today after a threeday weekend. Last week was one of the best weeks in decades, with the dow rising 12 . No significant pullback this morning. We are down just maybe 70 odd points for the dow industrials and well above 23,500. How about that. The s p down about. 33 and the nasdaq, same thing, down about. 33 . That is not a significant pullback. Not helping the stock market is a forecast from jpmorgan. They suggest that gdp could fall 40 this quarter and unemployment could reach 20 . Now, that is a dire prediction. Check out the price of oil. The u. S. , russia, saudi arabia and other Oil Producers have announced an agreement that would take 9. 7 Million Barrels of oil a day off the world market. However, that has had very little impact. It may put a floor under the price of oil b
Trailing it, microsoft, about 50 for the year joining us, ted smith, cofounder cramer likes to say apple is the key to the market. Do you agree i do. What about it is so important . I think the breadth of technologies they deliver to consumers and enterprises over time, and the fact in the latest cycle where they come out with apple pay, apple card, all of the partnerships theyve got going, in addition to core products, theyre so dominant on so many fronts. Getting investors familiar with new fronts has been a bit of a challenge this year, feels like were getting there, wouldnt you say the thing we talked about is slowing of iphone sales. The dominant apple story of the last decade is actually coming, that chapter is over they have to transition people to things like subscription services, streaming is one of the big wars payment, theyre doing more retail things now. With apple credit card, i think as a new chapter opens, were seeing more and more stuff like that. You talk about apple
Investor demand is several times oversubscribed. Sometimes people look at australias market which has just opened what are you watching . Slightly under pressure after the game we saw on tuesday. Kiwi shares are gaining. The could see a softer open in seoul and tokyo. The nikkei stock average has more than doubled since shinzo abe took office. Economic strategy still lacks traction. It is a busy week that session ahead with japanese trade and chinas update on the docket this wednesday. As we are waiting on alibabas final pricing on an ipo. Here in hong kong as schools reopen and we await more protests, housing futures have snapped a today advance. Volatility has slumped over the past two sessions. Acrosse sliding further there is optimism we might see a peaceful resolution to the protests here in the city. Lets check in on first word news. Boris johnson and jeremy overn repeatedly clashed policy in their first televised election debate. Johnson said he would massively raise Government
Aerkst prompting the retailer to turn its focus online. Shakeup in the skies. The airbus ceo, tom enders, announces his exit with the coo stepping down as well from troubled planemaker. And President Trump says the disney fox deal will be a great thing for jobs as ceo bob iger tells cnbc its a consumerfriendly tieup. Theres risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. That risk was well worth taking on good morning, everybody. It is friday tgif lets see how the picture is trading in europe this morning we had a bit of a weakness over in the u. S. Trading session overnight. Dow jones and s p both ended the day lower after hitting intraday highs. Still some concerns about the tax bill being passed in congress, but well talk a little bit more about that later. And nikkei also did struggle in the overnight session, down despite Strong Manufacturing data the picture in europe is grim, stoxx 60
Good morning a warm welcome to worldwide exchange. Im wilfred frost. Im seema mody in for sara eisen. Great to have you here. Lets get straight to the Global Market picture futures, after a day when we saw the nasdaq and s p slightly lower, the dow slightly higher, we are expecting all three indexes to open higher today 64 points for the dow. The s p five nasdaq up about 26 points. Tenyear treasury note for you, around the mid 2. 6 level 2. 65 or so today 2. 643. Treasury secretary Steve Mnuchin will speak in davos in just a minute. So far today he appears to be playing down comments he made on the dollar yesterday speaking at a briefing in davos today, mnuchin said the u. S. Is not concerned with where the dollar is in the shortterm. Yesterday he suggested that a weaker dollar is good for trade. Today he said those remarks were balanced and consistent with what he said before. Mnuchin said were not concerned with where the dollar is in the shortterm, there are advantages and disadvant