Your agenda. China sets an ambitious growth target around 5 for the year. Premiere league said success will need policy, support and efforts from all fronts. Tech stocks driving losses in hong kong. This is amd. Selling advanced a. I. Chips taylors for china. The Supreme Court rules donald trump can appear on the ballot. We bring you the latest in the race for the white house. Lets check in on these markets. A more aggressive target in terms over the Economic Growth picture for china, around 5 given the low base that last years growth target was set at. That seems ambitious. The question is how they get there of course. So far looking at. 3 after modest losses yesterday. The ftse 100 futures pointed to losses 19 points down. S p futures at 5127. The amd story, semiconductors will be in focus for us ginn they have failed to get the green light. Nasdaq futures at 18193, off by. 4 . Lets look at the like of gold and crypto today. Bitcoin in focus. Techs taking the biggest drop since janua
Will this battle royal strike price cuts across the restaurant space. Well see what option action is ahead of earnings, buzz kill on workday, whats behind the double digit drop and the traders bring us their charts of the week im melissa lee live from studio b on the desk, steve, dan, carter, and mike and we start off with a record breaking week on wall street the nasdaq jumping more than a percent to set a high close. It is up nearly 13 this year, but its not just tech thats leading the market gains take a look at some of the names hitting records today. Walmart and costco in the consumer space, Utility Companies like eaton, constellation energy, industrials like howmet air space and names like netflix, moderna, Johnson Controls and others at 55week highs. With markets back in rally mode and strengthening seen across all sectors what do you do with these names now . What are your thoughts on our senators. Its interesting. Im looking at my screen, i see the s p up versus an s p up 11 .
The industry, could it mean less traffic for the malls and Shopping Centers where the theaters are located theres already signs of weakness with one of the largest facing a cash crunch more ahead. Move, movers and gainers in the retail space with deckers, the maker of ugg, up 13 right now. Ross stores up 9 , surging after results. More names next week, including costco, best buy, and gap. Two big moves in the pharma space. Merus soaring 30 on promising results for the melanoma drug. Immunocore dropping despite its own melanoma medication. Burger king, owned by restaurant brands, is offering its own 5 value offerings to contend with mcdonalds recent rollout. Could this be a pricing war . Well have more later. Lets begin with the markets, overall higher today after yesterdays divergence left investors a little puzzles. The dow recorded its worst session since march. Nvidia gained 9 , not to mention nvidia, alphabet, microsoft, they were responsible for nearly all the s p 500s growth this
Angen soaring and comments on its version of an obesity drug, and apple hires and focuses on that record buyback. Is the Company Using 110 billion to wallpaper over some weakness or were the results not as bad as feared . Steve covac covering apple for us from sfans. Hey, steve. So look. Last quarter revenue was down 4 , iphone sales down 10 , but no one really seems to care because apple gave its shareholders the biggest stock buyback in corporate history. Thats 110 billion, increased the dividend, 4 to 0. 25 and went towards modest growth which was expected as some have been trimming their estimates. China sales were down 12 , and in an interview yesterday, i was told iphone sales in Mainland China grew. Thats countering the narrative we have been hearing over the last few months. I also asked cook about his recent visit to china just a few weeks ago. He told me, quote, i feel great that in an extraordinary, competitive environment, that we grew iphone sales in Mainland China last qu
Mornings, thanks for joining us this morning. I am maria bartiromo. I hope you are having a good friday morning friday, may 3, 8 00 a. M. On the east coast, after 10 days without an on camera statement about nationwide college riots President Biden decided to dress chaos had some jewish students afraid to show up for class. Moments like this always, rush to score political points this suspect a moment for politics there should be no place in any campus, no place in america, for antisemitism or threats of violence against. Iran statements home fobba discrimination, destroying property not a peaceful protest. Maria to be clear there was no phobia this week Chuck Schumer is highest ranking jewish official in the country u. S. Government calling out antiisrael agitators on columbias campus this week yesterday during remarks did not mention the protests or that just hours before his speech lost police broke you the antiisrael encampment at ucla schumer focused on attacking republicans over