Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
A 20. Yeah. Well the a very well welcome visit. Dont the international with the very late as well. Things update. Its good to have you with oh, nice. Yeah. It does not want to be coming up in libya by folding into an economic catastrophe south, unless its one of the west african countries new to impose to military governments following a visit to neighboring patina foster. During our exchanges, we spoke precisely about the situation because we would not like niger to become a new libya in coordination with our brothers. In burkina faso, we have decided to undertake a number of activities to secure our populations and secure our 2 countries. This was a high level delegation of, of immediately conducted by the cards. And thats how you would he be the peer to leader of the cool in the chair. So they decided to visit the allies when from, by my code to work. I do so i mean by my code been made present assume youre going to in the task if i the situation in the country and the same topic th
Family members say they were not permitted to meet the men before they were killed. President Volodymyr Zelensky welcomes the announcement of the us supplying ukraine with Armoured Fighting Vehicles for the first time. Meanwhile, russias unilateral ceasefire appears to have had little effect on the front line. Youre watching bbc news. Now, its time for talking business. A hundred years ago, oil was the most sought after commodity. Today, its these chips that run the world. They provide the Processing Power for everything we use, from smartphones to aircraft and cars to microwaves. But the fight for who controls the Supply Chains, the network of companies that make these devices, is escalating. Translation we will focus on National Strategic needs l and pool our resources together to boost Cutting Edge Research in science and technology domestically, and resolutely win the battle in key technologies. So instead of relying on chips made overseas in places like china, the supply chain for
Will earnings tomorrow remove the chill on the stock . The options action on that straight ahead. Im Courtney Reagan in this evening for melissa lee. On the desk tonight, on the desk tonight tim seymour, karen finerman, Bonawyn Eison and our guest trader. Weve heard from so many ceos about how spending is buckling, but the data is telling a different story. Retail sales last month jumping 0. 7 . Almost half a percent above estimates. Retail stocks ripping for the second straight day. The strength coming even as yields continue to rise. The tenyear getting back to the highs hit last week, takes yields back to severals not seen in nearly 17 years. So, how do we go from a tapped out consumer and a market gasping for air, from painful rates, to this . Tim, its pretty unbelievable. When i see the retail sales data, i know its lagging, i know its a little imperfect when it comes to a survey, but its what we have right now and it was way stronger than expected. Great to have you here. Great t
Start of new york tech week as titans gather in the big apple for panels, events, and more. Lets check in on the markets. There is a geopolitical element that plays in. The conflict in israelhamas might be contained. The moves being made across germany and the United States. We see a rally up almost one percentage point and a desire to get into equities across the benchmark. The 10 year yield dialed down. We are off almost 10 basis points. I am looking at your crude dialing down. New york crude dialing down. Gas really coming down from 40 moves weve seen in the previous week. Real volatility earlier today. At one point it was up more than 12 . We dial it back again. This is all around euphoria there could be an etf on blackrock being signed off in terms of bitcoin trading. We are currently up 3. 4 . What are you looking in the micro . Ed apple in the first instance is one of the big tech moving to the downside. We got data from Counterpoint Research showing in the first 17 days since r