Milk tastes better or something. The ways tech is disrupting the multibillion dollar ag industry and pretend im brian when i say this, im udderly insane power lunch starts right now. I pretended you were brian so well i rolled my eyes. Lets take a look at the markets this hour. The dow clearly under pressure but the nasdaq higher once again, up for a fourth straight day and for the 12th time in 15 days helping the nasdaq. A big move for shares of amazon. Com. That stock is hitting fresh interday record highs. Check out some of the movers right now that were tracking for you. Sonic 5 . Restoration hardware soaring about 13 on its earnings beat and optimistic forecast and dave and busters down 3 earnings beat but same store sales missed that mark. Brian . I think theyre a bunch of bull and you milked them for all theyre worth. Im brian sullivan. Here is what else is happening this hour. Boston fed president Eric Rosengren calling for four rate hikes. Sales rebound iing to their highest l
Market. We stay foe cut focused. As we should. Talking about our bond market hanging around that 2. 3. Under 2. 4 in terms of the yield. Thats been kind of the constant so far this week. You can see where we are on oil. Lets get to the road map this morning. Russian denials. President Vladimir Putin telling cnbcs Geoff Cutmore, quote, read my lips, his country never interfered in the u. S. Elections and calls the allegations lies and provocations. Plus, were keeping our eye on the Global Economy. Four former treasury secretaries sound off on financial reforms and risks and the trump agenda. And lulu sinks. Shares of lululemon tumbling, this after the athletic maker issued a weakout lo weak outlk for 2017. Lets start with putin. He made news at the International Arctic forum in russia. That was where he was part of a Panel Discussion with the president s of iceland and finland and Geoff Cutmore was the moderator. He asked putin if they interfered in last years elections. Heres his respo
I want candy i love m ms and i think theres a new candy. Welcome to power lunch, everybody. Sweet moves in the market at this hour. S p erasing its march deficit going positive for the month. Seeing its fifth straight day of gains. The dow has 100 point deficit to make up to break even for the month. A few notable movers, here, expecting annual grows through 2021 and will return 8 billion shareholders. Investors dont seem too impressed. The stock is down about 4 right now. Goodyear tire also lower. It was downgraded to a neutral from a buyover at Goldman Sachs evaluation call and chipotle shares are moving higher to 2 1 4 . Tyler . Mely sarks thank you very much. Welcome, everybody. Here is what else is happening at this hour. Good news for home buyers right now, morgans rates are falling again. 30year rate dropping to its lowest level in a month, averaging 4. 4 . Not as low as they used to be, but still pretty low. The debt, National Debt that is on track to keep rising over the next
When this market stampedes those who make negative bets it can be spectacularly positive for individual stocks and the averages as a whole, like we saw today. Dow gained 69 points. S p climbed 2. 9 and nasdaq advancing 2 to a rec high we dont spend that much time talking about short sellers on the show. If you want to understand why the nasdaq hit those unwanted levels, its the shorts that made it happen. Theyve been a huge accelerant to the nasdaq rally. Theyre great at getting out Fraudulent Companies and overvalued stocks and sometimes going against the grain of the entire stock market when they think the consensus is wrong. Every now and then theyll attack stocks en masse, aang tackle so to speak. If the stocks fail to go down or manage to rally, the shorts can create a stampede when they throw in the towel and begin to unwind their positions by buying back the stocks they sold to close out the trade. That panic buying explains far more of this move than you might expect, particula
Drop 20 i said take all the gray out, this is what happened. High and tight. Certainly cheat the wind if you go out on a motorcycle. Man, no drag whatsoever. How come you didnt mention this until we went on air. No jacket, youre happy with that at least. Im happy with that. The whole look is clean today. Good. Good. You didnt answer my question, are you ready for baseball sunday night . Have you focussed on im focused on saturday night. Basketball . Yeah. Is it saturday or friday . Its saturday, isnt it. Not tonight. Saturday, both games. Yeah. I still have North Carolina. Good. Then im hoping South Carolina beats gonzaga, so all the people who have gonzaga do not win the bracket. Then its a North Carolina and South Carolina so youre rooting for yourself and against everybody else. In life and in the brackets, yes. It is the last trading day of the quarter. Right now it looks like the futures are indicating a lower open. Dow futures down by 41 points. S p 500 is off by five. Nasdaq dow