Nasdaq indicated up by 1. 2 for the week to date for what we have seen. Look at the treasury market. You see treasuries here with 10year treasury at 2. 3 . Wti climbing above 90 a barrel. Right now, 90. 43. Of course, we have seen big news in other places. New overnight, positive data on china recovery overnight. Retail sales raising 4. 6 in august. The Unemployment Rate ticking down by. 10 . Chinas Central Bank Cut a shortterm lending rate one day after it lowered the reserves the commercial banks need to hold against deposits. That will free up funding to lend to houses and businesses sdpbusinesses. Im happy we have this guy around. Phil lebeau. It he iis interesting, the phil. You are in detroit. I saw you talking to one of the guys earlier. This is very interesting today. Especially where we have you perched. Reporter joe, it will be interesting to see how long the strike goes. Maybe a week or two weeks or looking at something extended out over seven or eight weeks. That remains to
The opening 20 minutes or so from now we are positioned for a higher stock market at that 9 30 mark europe has been open for some time and over there it is also been largely a positive day so far. You can see germanys dax of course and france the best performer. The 10year note yield so much of a focus yesterday as it same close to the 2. 9 not sure we ever got there were above it now thousand. Yesterday we flowed 2. 89, 2. 915 and stocks dont see particularly concerned wti is down though, higher than it was this time yesterday this morning stocks are looking to extend their daily winning streak, five all three indexes gained more than 1 yesterday shrugging off the stronger than expected cpi after what was a sharp decline early in the session and inflation data out this morning shows Producer Prices rose. 4 in january. That was matching forecast now the core rate minus food and understand also up 4 . That was twice what many economists had been expecting. What a difference a day makes.
Road map begins with a meg amerger in the works, qualcomm considering but re, a deal with broadcom, plus softbank in the failed talks to get together with tmobile, betting the Wireless Network will prove critical to support future growth and ill have more on their future plans. 11 royals arrested as the crown prince moves to consolidate power. The news of the morning that was broadcom confirming the unsolicited byover bid for qualcomm they acknowledge receiving the offer and david has been all over it all morning long. The question now will be when not if they reject the bid because they rereject. The only question is how long they take. They need to review it and need to be fair they have not spoken to broadcom, as i reported last night, there had been an attempt made by broadcom when it began some months ago to engage in talks with qualcomm. That was quickly rejected. There was never a formal proposal made, they were given the heisman so early at broadcom they wshts going to get anyw
Association manufacturers association. Remember the ipad wasnt invented when adsb cannot. There some type of lower cost of ice that could be like our cell phone. General scovel, the faa seems to be behind on issuing rulings on drones and integrating uas, uab, whatever want to call them, integrating them into the airspace. How far behind on the no . Are behind. They are behind the mandate established by congress in the last reauthorization from 2012. We should say we really mean it this time. Well, yes absolutely. And it would certainly help everybody if the agency listened. Faa was slow in designating its sites, six of them. They were finally designated, again for switzer congressional authorization or mandate, but we have found that the agencys plans to develop data and to learn from the results that accrue from operations at these test sites have not been prepared to the agency satisfaction. And certainly not to the needs of the burgeoning industry. When it comes as well to gathering
The session are end the trading week. We saw the stocks open higher but they are struggling at this hour. The averages are holding on to small gains for the week. The dow and the s p up three of the last four. Utilities are leading and financials and texts are lower. The old adage is sell in may and go. It doesnt appear to be working this time around. We are halfway through. Stocks hitting new highs. The dow and nasdaq up 2 and the s p up 1. 5 and closing at record highs. What could stop it . Dominic takes a closer look. All of the talk is about whats happening. We are a stones throw away from record highs. You look at the chart and see why the bulls and bears are having a healthy debate. The up trend we are seeing is running into a bit of resistance this year to date. We talked to the experts and the strategists on wall street and we wanted to see what they had to say about what could derail this rally. Weakness in profit could derail things. We managed to see a gain all be it small t