At a record high for the dow the s p set a record high on friday up another 30 points and the nasdaq, an underperformer last week, is indicated up by close to 60 points stocks have been on a big run. If you look at last weeks returns the dow was up just over 4 last week the s p was up just over 2 . And the nasdaq was down only by half a percent you are talking about the third week out of four that is seeing negative returns and that has been the underperformer. Really across the board a lot of strength the russell 2000 hitting a record high last week and big, big moves. Remember, its only been a week since weve heard from pfizer. That set things off especially ones underperforming as people stay home. The ten year is yielding 0. 885 . Joe, that was a wild ride last week, too, watching what happened with treasury yields. Potentially getting up to 1 but now were back where we started. All part of, i guess, reopening. The market given the backdrop i will talk about right now the market is
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b
I guess investors liked what they saw the dow is going to be up what maybe 80 points after whopping great gang in last two days same story with the s p up about a third of one percent. The nasdaq is going to be up a quarter of one percent. As of now by the way all three within a breath all time record highs. The political news of the day, my opinion good news for democrats howard shuttle starbucks billionaire will not run for the presidency so antitrump volt will not be split and it will be a straightforward election between mr. Trump and the left. On todays show is america the best performing economy . Will the market hit new highs were very close and yes, larry kudlow with the view from the white house. Varney company is about to begin. Yes we will have more on jobs report in just a moment hold on few birse former starbucks ceo howard shuttle will not run for the presidency he had a statement what did he say . Here request this is what he said, quote, not enough people today are will
A little later on monday and iran iranian officials here and to her on will be looking to that meeting hoping that there is some kind of acknowledgement for the roots of these tensions they of course blame the United States solely for escalating tensions in the region creating an insecure atmosphere for all of the countries in the region and they have said over and over again they will not negotiate with the United States but during the press briefing mr mousavi did say that the iranian officials are open to negotiating with their neighbors. Manns what issue does most like it up weve said for a while that iran is always prepared for dialogue with neighboring countries in the region this is aligned with the interests of all regional states weve recently made a proposal for the signing of a nonaggression pact and an assembly for dialogue these are the solutions that iran has offered so the ball is in their court they should decide what they should do iran has waited with open arms for th
Which means hes suffering right now like a political, a crisis in some way that he needs to rock thing he strategy be doesnt longer have the support of the traditional parties im afraid were out of time savannah, but it was good to talk to savannah a maya political analysts, specializing in latin america. Thank you for having me. Ah, this is al jazeera, lets recap your top stories, the ones to don, envoy as told the Associated Press that the countrys warring generals have agreed to send a representative to talks possibly in saudi arabia, the fighting between sedans, army and the power military, Rapid Support forces has now gone on for more than 3 weeks. United nations has issued a stock warning about the number of people fleeing to neighboring countries. The un refugee agency, in consultation with the governments in partners, are planning for up to 800000 people who mayfly fighting and sudan to the 7 neighboring countries. With our quick resolution to the crisis, we will continue to se