Still rock bottom. 30year bond looks like, this up 17 basis points with the year on the 30year at 1. 192 . Supporting the economy and threat of coronavirus. President trump floated the idea of payroll tax yesterday and help for industries and that sent futures higher last night. We will take a look on exactly whats involved. Voters in 6 states are heading to the polls today. Investing in apple, history, how you could own one of the first Apple Computers ever made and fully functional. Mornings with maria is live right now. Maria we have a bounce going on, all positive following the big selloff and rebound this morning. Cac quarante in paris up 3 and a half percent and. In asia overnight, green across the board as well. Take a look at this, the numbers up, shanghai composite, Chinese Market up almost 2 right now, overnight rather. The Japanese Central bank has been buying equities. Also this morning some of the top stories that we are watching this morning, chinese president xi jinping
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously a selloff resuming today. The dow extending losses from a thousandpoint drop on monday when stocks had their worst day in more than two years big tech lost more than 200 billion in market value yesterday thanks to the selloff microsoft, apple, amazon all down more than 4 . Dan niles from alpha one capital joins us on the phone. Weve been through some challenging times together, you and this network, as we try to address global issues. This is one theres not an easy edge what does the playbook look like from your standpoint right now i think the way i look at this is simple whats your risk reward at any point in time. There are certain things we know for certain. One, we know for certain the markets are at record value. My favorite measure is i take the valuation of the entire stock market and i divide it by gdp. If you look at that, your
Really hasnt changed from 2019. It is about technology, Communication Services the difficult decisions im trying to make when looking at my portfolio is how do i get alphabet into the port toportfo. Do i take out apple no. Which large name do i take out. Facebook is pushing right now towards its july 2018 alltime high id like to try and get involved in that in some capacity only thing potentially i could do is in the options market. So you are fully invested, you are watching it and understanding it is a technology story, Communication Services. That was the story of 19 and the story of 20 and all the talk about rotations and value, it is mega cap, big tech, it is faang and helping this run sure is we knew the consumer electronic show would provide a boost insights in to 5g and how important that will be that is clearly one of the big drivers for even from amd to apple to marvel. All of these stocks that are basically apple is not at ces, so being clear on that, but they are a benefici
Jackie we have gerri willis on floor of the new york stock exchange, jeff flock in chicago. What happened today . Dow only needed 36 points to do that. It beat that level. Were at a new high. As you were saying that is the 21st record close of the year. S p only needed a little more than half a point to finish record territory. It achieved that, and more. Here we are, fueled mostly by apple shares. Finally, we got the nasdaq through 9,000. Very big finish for the nasdaq. Tech very critical part of stocks move. Well talk about amazon for just a second here. The company saying they added five Million People as prime members over the Holiday Season. They said it was a record Holiday Season for them. They did very well indeed. And, just adding a lot of people who can add to their bottom line. Some of the people actually signed up for a trial membership on prime. Others actually paying that 119 a year. So amazon, with a very good day. Meanwhile, apple also pushing the nasdaq to new highs, f
Trade deal and the market soars the dow gaining 221 points s p climbing. 86 and the nasdaq. 73 . What do we say hello . Hallelujah i dont mean to trivialize the importance of this news. It matters it does matter President Trump trump stock, trump stock. Might be able to reduce the tariffs with the chinese by 50 , or cancelling or forestalling the tariff hikes that were supposed to go into effect this week that would have affected a lot of consumers china is willing to make some major agricultural purchases while doing a better job of enforcing u. S. Intellectual Property Rights and maybe opening up their market, specifically to the services and especially the Financial Services industry. And thats a big deal. But, and this is the worlds biggest but, the days when a china deal could control the fate of the whole stock market are long gone, even as we act as if its all that matters initially the market reacted to the tariffs as they were going to cause a worldwide recession this whole de