You need a watch. Yes, davos. I think the fiscal drag is underestimated the timing is overestimated. Capital spending recovery. Well take that to the bank. Join is on tuesday. Have a great weekend. Inauguration day. Squawk on the street begins right now. Good friday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber. Dow looking to add about 16. The s p 500 looking to add about a third of a point here. Yesterday, of course, the s p closed at fiveyear highs in what is notable, transports, airlines, housing and cyclicals all at 52week highs. In europe, juiced by china data which well talk about. A mixed wag over there. Signs of the rally here could continue. Chinas gdp topped estimates, General Electric beats by a penny, caterpillar catches an upgrade from piper. Morgan stanley showed improvement in Investment Banking. The latest decline of the pc, intel trading lower on its earnings with a pop in cap x spending. Reuters says sharp
Higher, up about 70 above 94. 9 0. You can keep an eye on it about squawk on the street. Join us tomorrow. Right howard heres squawk on the street lets do it good thursday morning. Im carl kquintanilla. Jobless claims did come in stronger than expected. Got blowout Housing Starts. Meantime, europe is trying to find some direction after a decent spanish bond offering and good numbers from retailer. The first grounding of a major commercial jet in this country since 1979. Is Boeings Dreamliner safety to fly. How much work will it take to make it right . Bank of america and citis earns are messy, does it justify the runup . And is citis michael core bath finished with the kitchen sink. We will preview those and talk about why ebays numbers fell a bit short. Well begin with boeing. The faa and other aviation regulators have grounded the companys dreamliners as they look to determine what caused the aircrafts battery to catch fire. Theres a look at 73 on the nose, our phil lebeau is at ohar
Wednesday. Pmi 50. 5 a twoyear high. Markets are mostly flat. Road map begins with the highest inflow ever for equities. Investors pouring 40 billion into stock funds in july. As we said, three key fed speech this week that could shake the markets. A big win for apple in its battle with samsung. The Obama Administration vetoing a ban on apple products. Share of samsung are falling in asia. Tv blackout, battle between Time Warner Cable and cbs show nothing signs of letting up. The Terror Threat overseas. Many u. S. Embassies stay closed now until august 10th. A live report from nbcs Pete Williams. First up, if you didnt see it, u. S. Equity funds saw a record inflow in july. According to trim tabs funds saw 40. 3 billion coming in last month while bond funds saw the fourth highest outflow on record. David seeburg at cowan. Good monday morning to you. Good morning. David, is this the beginning of something new . It seems to be. I mean, 40 billion in july, amazing. Still a ton of cash on
david faber and jim cramer. gold is the big story near a three-year low falling by as much as $47 and now down 10% for the month. as for europe, seeing the gains there, and we will see if it lasts into the close a few hours from there. jim, start there and leading with the markets. you talk about getting through the mine field with the emerging markets, and looks like we have done it again. well, the main story out here is china. i don t know fit is the main story, but it is. china reversed the course and said, we will bail out all of the banks, but it has not helped the chinese markets, but it has put the systemic growth on the table, and the gdp is backward looking and people say, why was i selling things? what was i doing? general mills report out, and buy that stock, because it looks down, and we get back into the wait a second, did we do the wrong thing selling last week, given that things are not so crazed? well, i have to tell you that we have to have a real yield
japan s monetary policy. chinaa industrial production also rebounding from last month s seven-month low. our road map begins with markets with an unexpected rise in retail sales and a three-week winning streak behind it. breach of trust. bloomberg news editor in chief saying the financial news services holding itself responsible after the terminal usage data. jamie dimon signaling if the roles are split he might do the same and leave the bank. michael kores, morgan stanley to the best ideas list. the third con skut of week of gains and the dow finishing friday with an all-time closing high, 15,118. and the s&p at 1633. meantime, the first key economic report of the week is out. retail sales for april up unexpectedly by .1 as demand for items like cars offset the largest decline in gasoline sales since december of 08. we knew gas would take a bite out of this and it didn t seem too hurt too much. we re at a weird juncture here. i am being bombarded by smart people