Big debts being made either way. Holding steady after a midday auction. Then there is nvidia. Its always notable again. Following the big friday fall. Some key earnings in overtime tonight. We will get you set up for that, too and just a little bit. Investors should prepare for an even bigger momentum meltdown. The self i had of Investment Strategy is here with me. Nice to see you again. You, too. The big question is whether the momentum trade has run out of steam and now we are going to see this rotation. What do you think . If were talking about the momentum trade is the magnificent seven of 2023 and the big tech names that brought us into 2024 then yes, i think it has already run out of steam. I think that ship has sailed. Youre throwing the curtain down already . There was one day for nvidia. Im not done yet. Momentum. If we talk about momentum in the terms of risks appetite momentum, thats so here, alive and well. Everything happening right now may be the precursor to Something El
Coming up for you in this edition of closing bell, amazon, alphabet, microsoft, intel, and starbucks reporting earnings today. Breaking down intels big quarter exclusively to the cfo, bob swan. Theres a bunch of others out there. Just went with the headlines. I hear ya. All the first five minutes of next hour. Alphabet may dominate the digital age, but Martin Sorrell said amazon is the biggest threat to his industry, and hes joining us in a moment to explain why. First, lets begin with the reaction to the president s tax proposal. Steve leisman at cnbc headquarters to look at the Economic Impact has. Eamon, you first. Bill, one of the questions here has been over the past 24 hours or so coming to the president s tax plan has been whether or not theyll make changes to 401ks and tax treatments. I asked sean spicer in the briefing, over after the briefing, i spoke to an official here who clarified they are not planning on making changes at all to 401ks in terms of the tax treatment. That
Kuala lumpur trading getting underway and in singapore. We are heading up to the Lunar New Year holiday. And we have volatility and volumes are then. Let us see what we have at the moment regarding the session in this part of the world. Malaysiaore and joining the rise we are seeing in the region. We do have gold retreating for a fourth day. Moving further from the hundred level. Approaching as one high as we are seeing the yen stumble a bit. Aussie shares up 0. 6 with consumers stocks and banks. Metals are under pressure. Looking at the nikkei 225. Reversing thursday losses. See argy producer did contract cancellation for a power plant in australia. Declinectric on the after a earnings announced yesterday. Currenciesok at some. Bityen looking a little steadier. 60. After the cpi data. At 443 against the dollar. It has weekend about 5. 5 since Donald Trumps win. Suisse said recently that malaysia is one of the most vulnerable economies to a proposed border tax from the u. S. Along with
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