Theme. Mikey versus nike. What you need to know to outpace the companys quarterly report, next week. Its time to risk less and make more options action starts now. The focus on wall street, as lawmaker s grapple with the bes prices forward theres another in health care, that could be a breakout carter is going to break it down for us i thought we would look at bristol myer i thi the orange line is bristolmyers, relative to its peers. And some extend, bristolmyers overshoots undershoots its this divergence of late, that is appealing to me and how a stock is behaving daytoday you are going up more to 1990. Now, zero in on this and look at the spread over the past three years, again, sector up 27. Bristolmyers down 18. Bottomfishing is not good its usually dangerous but if a stock reverses this, it is interesting lagging dramatically, and daytoday, i want to show you the following. Heres bristol on top. And heres bristols relative performance to the sector. If i put in this line, what you
Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertising business. Hoping to get more specifics on how states will frame their case at the announcement later today. Goog
D Draymond Green is an early investor power lunch starts right now. On track for its longest winning streak since may of 2018 check out the names hitting records across sectors home depot texas instruments, sherwinwilliams and duke energy for more on whats powering the markets down to bob pisani on the floor of the New York Stock Exchange. Hello, melissa. We are approaching an historic high, 3027 is the intraday high, 3025 is the closing high that goes back to july. The check list, the reasons that got us here is really very short. Just take a look at what weve been moving, whats been moving. We got first of all momentum on trade talks. Thats the most important thing weve been seeing. Decent Economic Data in the United States as well and weve had hopes for Aggressive Central Bank action as well. And thats about it. Thats the whole check list that resulted in somewhat lower concerns about recession fears out there and the i remember packet on the markets in the past week has been rather
Good tuesday morning, welcome to squawk alley, i am Carl Quintanilla well go to bob backish, viacom ceo. Well start with we were delaying its ipo as you know amid questions over its valuation and Corporate Governance lesley pickers has more back at hq what do we have today . We were convene employees for an all handson deck it is unclear exactly what the purpose of this meeting is but most expect to hear more from the status well bring you relevant details as we get them in the meantime i have been chatting with sources on the deal exactly what happened to cause the delay and told they realized based on feedback from investors they needed to sharpen the story, they were not ready to have those conversations with investors on a formal road setting. This delay would give the company time Third Quarter numbers in the marketing we were saying in a statement that expects the deal to be completed by the end of the year the important thing to note on that timing is that if the ipo does not ha
Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an