Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. Alan parker will stay interim until scharf joins the company the Conference Call is under way and well bring you developments on that. He had quite a run at visa and left for geographic reasons really. Yes, he did able to stay in new york, his family still going to be with him. One daughter right there, another one close by, folks nearby, very much dedicated to them i got to tell you, congratulations, or as people would say, as president ford would say, their Long National nightmare is over. I t
Green, as the dow nears 24k. Well take a look at whats leading and bitcoin, well, guess what its seeing huge price swings. What is rocking that cryptocurrency and where will it be headed next amazon stock coming off the worst day in years, but the company, as you just heard, announcing a slew of new products and a plan to bring alexa into the workplace we are about 60 points from dow 24k. The blue chips and s p on track for an eighth consecutive monthly gain, heading into final trading session of the month, the dow leads the three major indices, up 2. 4 for for the month to date. Best gainers, walmarts up 12, nike, cisco, disney, depot its a good mixture i think a lot of it will affect some of this very good personal income, personal spending numbers, because youre hearing some major chains are people spent a lot of money it dovetails very well with what well talk about later, pvh, the strongest christmas in four years. Every one of those is also in some way or another shocking given t
Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all
Last couple of weeks. It just is a way of acknowledging the lousy jobs report. This is the last time well hear from the fed chair before the Central Banks media blackout takes affect in front of the rate decision. By every count, a rate hike is practically off the table for the month of june based on the 38,000 jobs print we got, which is so far below expectations. It is now winning in the polls, the brexit, but its a roach motel. They are so stuck. But you werent here on friday. So were talking youve heard over and over, i just experts, i just dont see how my life is not going to matter whether it is june or july, so it doesnt matter to me when they raise, whether it is june or july, all the experts say june or july. And we were making the point, between june or july or between now and june, there are so many things that can happen, whether it is a terrorist attack, a brexit, cyprus, greece, if you are going to monitor every single thing that happens in the world, the fed is always go
Friday. Right now, its time for squawk on the street. Good morning, welcome to squawk on the street, im melissa lee with jim cramer and Brian Sullivan. Carl quintanilla has the day off. What we saw yesterday earthquake the best day for the s p and the nasdaq over a year. Data out to contend with, an adp number in december, jobless claims, may be taking a breather in todays session, the dow looking to lose about 33 at the open. Take a look at the picture in europe. Does also look like europe is taking a breather. Yesterday, it is worth noting the stock indices there hit 17month highs. We are seeing a down day almost across the board a road map, starts with the new years rally, where we go from here. The dow surging more than 300 points, closing at two 12 1 2m highs yesterday. Leadership from technology and financials, a boost today with upgrades. Lots in the coming days. The big jobs report tomorrow. Oh, yeah, the battle over the debt ceiling and spending cuts. Retail doordie, december