Recordbreaking rally after we head into a long weekend while it has been a number to remember, the best month in 33 years, the recent leaders and laggards have been turned upside down chevron leading the way and apple up only 7 power lunch starts right now hi, everybody, im kelly evans. Stocks are pulling back after this huge november rally lets go to dominic chu. A huge november rally thats put the dow at least in some catchup territory as you can see in the 2020 over the last year plus, weve seen the dow industrials just up 6. 5 in that span the s p, meanwhile, is up 16 , nasdaq up 40 . That catchup play in play right now. Watching whats happening with the rotation element weve been talking so much about, as tyler mentioned, look at the way energy has played out just over the course of the last month 38 monthtodate gains for the energy etf financials up 19 . Industrials up 17 the value and economically sensitive sectors are the ones leading the way higher in the month of november. As
Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan an jon fortt at post 9 of the New York Stock Exchange a flat market today but a lot going on we have a lot to get to with our first guest, pinterest moving lower, amazon with a judge temporarily lock bblocking jedia lawsuit. But roku up. Yelp going the opposite way. Mark mahaney joins us live from San Francisco. Happy friday good to see you. Happy valentines day absolutely. Lets start with roku. Your title is stream it loud, stream it proud. Yeah. Whats the important dynamic on this name right now right now its active accounts they grew 4. 6 million, more than theyve ever added before. I heard jim cramer saying earlier today people shouldnt be surprised given the streaming wars people are somewhat surprised. This is a company that can sustain premium, i think 50 ad Revenue Growth for the next several years. They generated about 700 million in ad revenue last year. I think thats less than 1 or just around 1 of total tv adv
Australia. Im haidi stroudwatts in sydney. We are counting down to asias major market opens. Annabelle tech drives the u. S. Stock rebound with the earnings season about to kick into full swing. Bloomberg intelligence sees profits for the magnificent seven rising 38 in the First Quarter. Haidi reports that u. S. Regulators are scrutinizing efforts to prevent potential Money Laundering. Annabelle President Biden commits to deeper security ties with japan and the philippines as the Prime Minister of japan says china poses a threat to global peace. Haidi we do have Employment Data coming out of south korea. 2. 8 , been in line with expectations, picking up from that 2. 6 we saw in february. We are also, of course, counting down to be ok decision date as well. The labor market is likely seeing loosening in recent months. Bloomberg had estimated 2. 8 for the jobless rate to rise. 2. 8 still below the postpandemic average of 3. 3 , which is seen as the rate of employment, so neither inflatio
To cspan. Org. Now, a discussion about medical technology and new inventions to aid the disabled. It was part of the washington hosts transformer summit held on wednesday. This is two hours. We are delighted to welcome you here this morning. Thank you for joining us. [applause] were sitting in the center of what we call Washington Post live. The new initiative that extends the reach of our journalism through live events, streaming, and pairs or journalist with leaders and decisionmakers to dissect and explore the most important and compelling issues off our time. The idea of todays conference on transformers actually began with a conversation we had here about the transformation underway at the Washington Post. We have gone from what was once a locally focused newspaper, to a multiplatform Digital First News Organization serving a Broad National and global audience. And although we have made amazing progress and are leading the industry in many ways, well always view ourselves as being
Of what we call Washington Post live. The new initiative that extends the reach of our journalism through live events, streaming, and pairs or journalist with leaders and decisionmakers to dissect and explore the most important and compelling issues off our time. The idea of todays conference on transformers actually began with a conversation we had here about the transformation underway at the Washington Post. We have gone from what was once a locally focused newspaper, to a multiplatform Digital First News Organization serving a Broad National and global audience. And although we have made amazing progress and are leading the industry in many ways, well always view ourselves as being in the process of transforming and never fully transformed, because like so Many Industries the media space is changing to rapidly the process of transforming can never really be complete. With advance in technology, the speed and scope of change is only increasing only accelerating. Achieving or maintai