Good monday morning. Welcome to the show. Im dominic chu in for Brian Sullivan developing story as tensions between United States and iran reach new heights in the wake of that air strike that killed iranian general Qasem Soleimani. We have Team Coverage this morning. Nbcs tracie potts joins us from washington, d. C. Also nbcs cal perry is live in doha, qatar. Tracie, well begin with you. Reporter lets start with whats happening on capitol hill and whats expected to happen this week. Remember, congress did not get a heads up about this military action against iran. We have learned overnight that democrats now want to push to give President Trump a deadline to call it all off in a letter obtained overnight, House Speaker nancy pelosi told democrats theyll vote this week to force President Trump to end hostilities with iran in a month unless Congress Approves were much closer to the edge of war. Im concerned they dont have a strategy. Reporter congress did not get a heads up about the u.
when he died, i died with him. full of love. full of life. want to honor her name. parents mourn their little ones and the slain teacher s husband dies two days after her murder. the push for gun control we break down the money being spent. the gun will bey versus those who want more restrictions. donald trump ordered to answer questions under oath about his business practices. amber heard cries on the stand in her case against ex-husband johnny depp and reaction to the good fella s star, raliegh yoeta. live from cnbc, the facts, the truth, the news with shepard smith. good evening. for one hour a killer with an ar-15 style rifle was inside an elementary school where he slaughtered 19 children and two teachers for one hour, police officers were right there outside the classroom but did not interment for an hour, small children lay dead, dying, and wounded, trapped inside with that gunman. it took an hour for atactical team to finally burst in and kill the
Eisen. Futures taking a lead this morning, so many of these aftermarkets are closed for the may bank holiday. This morning, plunging by about four points on the s p, 24 on the dow. Of course, it comes on the back of slight declines on friday. The nasdaq up. The dow just just let than 2 . S p up 1. 5. The month of aprils performance, the nasdaq was the best up over 2 . The others more like 1 . The story of last week, as opposed to last month with the performance of tech up 4 for the week. That was a part of intel that pointed, last week was under performance of oil. And we saw friday exxon and chevron extend the slide in terms of the Energy Sector performance. Lets have a look at the tenyear treasury note. In and around 3 . Jumped monday on the back of the French Election results which slipped slowly but surely to the week. Then the runoff this weekend as well. And the it will be interesting. Lets get to the Global Markets and market picture. Most european markets are closed for may day
This time Spirit Airlines coming under pressure after a big fight breaks out in florida. We will bring you all the latest details. We have one of the most surprising trades of the month the retail resurgence, Retail Stocks surging more than 1 today up more than 5 in the last month. Check out names like home depot and lowes hitting an all time high. Walmart at a 52week high. All this ahead of macys, j. C. Pennies and in order stroms ahead of earnings. Is the Long National nightmare finally over . What do the performance say about the consumer . Guy, what do you think . I dont think its over for macys or nordstroms. I think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over walmart for quite some time. These stocks still make sense, people will knock home depot on valuation. Maybe 20 times forward earnings, its getting a little expensive kward to lowes at 16. The world continues to set up well for home depot. They continue t
Getting hit the hardest, financials. The explanation there is the tenyear yield drops to lows. The low we are watching now is 217. Thats the low point of the year. We last hit it in april. There is clearly a flight to safety and out of some of the groups that have been winning the most, technology. Apple is one of the worst performers in the dow. In the dow. I am interested in how badly semi conductors are doing. Amd down some 8 . They didnt get more details on Gross Margins out of a company meeting. Invidia down 4. 3. Applied materials down 3 plus. These are significant moves in those stocks. I dont know if there is something bigger than the negative we have going on. Amd is up 209 in a year. A lot of people may look at their gains and said, im good. Ive got to go. I think the question people are going to have to ask is does the noise become so serious it ultimately impacts earnings and the economy, which is what this market has been moving on and what has propelled it to record highs