The trump rally, stock futures pointing to a slightly lower open after the dow extended that win streak to 11, but are markets in bubble territory . Of course buffett ways in. And obamacare in the spotlight. President trump is set to discuss how to replace the law during a busy morning of meetings with the nations governors and Health Insurance executives. And former ebay ceo taking up a new job this time in the cloud. Hell join us live. Futures mostly flat though with the dow coming off an 11day win streak for the First Time Since 92. Speaking this morning with squawk box in that threehour special, Berkshire Hathaways buffett weighs in on the price of stocks and if in fact were in a bubble. Measured against Interest Rates stocks actually are on the cheap side compared to historic valuations. But the risk always is that Interest Rates go up a lot and that brings stocks down. But i would say this, if a tenyear stays at 2. 30 and would stay there for ten years, you wouldnt regret very mu
Good monday morning. Welcome to squawk alley. With me at post 9, our own sara eisen. Jon fortt is at the mobile World Congress in barcelona. A lot more from jon in just a moment. It is a busy morning here in the markets, especially in washington. The president wrapping up a meeting with the National Governors association this hour, holding a roundtable with Health Insurance ceos. Our eamon javers is at the white house with all the latest. Hey, eamon. Reporter yeah, good morning, carl. That meeting with the Health Insurance ceos is going to right now behind closed doors here at the white house. We expect to see some tape of that and well bring you any comments that the president does make. But this morning we saw the president in a separate meeting, meeting with the nations governors, talking a little bit about where health care is going and the efforts of the Republican Party to repeal and replace obamacare. The president striking a little bit of a glum note here this morning, a slight
Welcome, everybody. Im tyler mathisen. Little oscar joke. Too soon, perhaps you . Can see a lack of direction for your money. Dow down 13 points right now. Right now the dow, not doing a whole lot. Even if we fall today, this has been the dows longest win streak since all the way back in 19d 87. Of course, all eyes will be on the president s big speech tomorrow night. Melissa . Im melissa lee. Busy monday at the white house. The president making his first Budget Proposal, talking with ceos of a number of health care companies. Eamon javers is there. Eamon . Reporter obamacare, which he calls a failure, disaster and teeing up his own plan to replace obamacare later this year. Hes meeting with Health Care Ceos at the white house this morning. Here is what the president said in teeing up his criticism of the obamacare act. We must Work Together to save americans from obamacare. You people know that. Everyone knows that at this point, to create more competition and to bring down the pries
Up nearly 20 points. The nasdaq up by 66 points. Green, especially what happened on friday. We have basically erased our losses from friday. It is as if the past two days there really happened. About, itas talking is an energyled rally. Hownt to show you exactly green we are in terms of sectors. Energy is up by nearly 1. 6 . It has been the biggest leader by sector for the entire day. Information technology not far behind. Had been inerials the number two position, now in the number three position. Take a look at where oil has been going to run the day. Just at session highs by a little more than 3 . Highis still a sixmonth not seen since november 4. Goldman sachs increasing its fullyear price in cast to 44. 60 a barrel from 38 36 cents a barrel. Militant attacks in nigeria have been pushing down production, a cut of 30 or so. And there has been increasing demand. Of this, take a look at what is happening with oil majors. Williams company, the biggest riser by 5. 3 . The same for apach
Merchandise developed over 40 years. We are 30 minutes into the training day in the u. S. Lets head to the market as with julie hyman. Wish they wouldve written in the margarita discussion during the break. Lets take a look at stocks. Seeing a selloff in the u. S. Despite the rebound elsewhere, especially in european stocks. In the u. S. , it is not happening. The nasdaq is down. 5 . Lets took at the lets take a look at the bloomberg. We have commodity stocks higher. On the lower end, Consumer Staples are selling off, particularly soda stocks are getting hit after philadelphia instituted a soda tax. Technology and health care lower. Technology, there was a ruling in beijing against apple same the company in france on a patent of the chinese phone maker saying the company infringed on a patent of the chinese phone maker. It just applies in the city of beijing, not elsewhere in china, but could set a precedent for other cities and regions. Are also and alphabet taking a hit today. We are