Worldwide exchange begins right now. Quit playing games with my heart, with my heart, with my heart good morning, good afternoon, good evening, ask welcome from wherever in the world you may be watching. I am brian sullivan. Yesterday the second best day of the year for stocks, the dow soaring 500 points youre probably wondering is that rally going to follow through today . Lets go ahead and find out. Right now at this 5 00 a. M. Hour, we do see a little bit of a continuation of yesterday, dow futures up80 points. Were not soaring on the futures. No ones saying that, but we are not seeing that drop that we had in may every time we went up we take two steps backment not the case today. We are on green across the screen for bonds or bond yields backing up a bit yesterday the fed of course all but came out screaming it might lower Interest Rates this year the benchmark tenyear not reacting too much, still very low, only five bips, basis points as we say in the biz. A similar story in asia
Stocks meandering, right . Government bonds are getting walloped as yields rocket to outer space. Here is the thing, wall street is loading up on bonds. The assumption is yields coming back to earth quickly. I dont know. Lance roberts will make the case buying bond over stocks. It is the wild west. Talking about the options market. Trading some has sparked late session selloffs. Paul schatz says it is happening and he will show us exactly why. American consumers are running out of money. What i glean from walmart earnings. Maybe they wont be able to pay back the Student Loans. We have two amazing guests. Speaking of outer space. I have a special shoutout to a 97yearold vet. Well share some of these hoop posts you put on twitter yesterday. All that and more in my takeaway. All that and more on making money. Charles all right, so as we wrap up earnings season the action in the market and the economy, you know, still have some people on the street clinging, not some, the majority of peopl
Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
Dont invite me to anything like that. Thanks a lot. Good afternoon, im charles payne. This is making money. Breaking right now, oil, that is the big news today, folks, it is surging nearing major breakout points after saudi arabia and russia both extended production cuts. Move over gadot as the you have company. The recession watch gets older and older, finally some of the smartest folks in the street are throwing in the towel. Some brilliant folks saying nope, stick with the recession call. It will happen. They will explain it. Guess what the megacaps are hanging in. They have become the new safe havens. Should you be seeking shelter there . We have a great lineup with strong ideas and great strategies four. Plus how does a peacetime economy have 2 trillion it deficit spending . Joe lavorgna is here to figure that out. Politicians, economists stop lumping struggling americans with wealthy folks saying the economy is humming along because it is not. A very special guest with us, and al
The oil markets. First, stocks kicking off the first trading day of the new year on a high note. And if the january effect plays out, todays gains could be a positive sign for 2018 bob pisani here with the story bob . Reporter yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. Lot of interest in that. We see Retail Stocks doing better we see energy doing better heres something curious, the banks are not participating in the rally. I find that interesting given that the ten years been moving up utilities have have been a loser for a long time. Thats no surprise here. Look at some of the big banks. Come over here citigroup here down 0. 4 on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. We asked our friends to take a look at the last five or six years in january it tends to be a down month. Nasdaq and the s p and the dow industrials all to the down