Ed google ceo blasting the failure of the gemini image generation feature is the Company Looks to remedy the situation. The Company Reports earnings going public. New ai products. All that and so much more prayed lets check in on these markets because there was Economic Data not much to catch the attention today. Currently off about 4 10 of 1 on the nasdaq really caring about the pce number. Inflation data by the Federal Reserve which comes out tomorrow. We see a little bit of a selloff ahead. This is the u. S. Trade inversion down 1. 5 so really some weakness coming over a pretty ugly day in china trading. Nothing really moving just about one basis point. Where there is action to him on the macro perspective looking at one particular asset choice. One 7. 7 higher. We are encroaching on that 69,000 record level we know the 61,000 has been eclipsed. Good old supply demand dynamics. We know the supply side will be halved in the amount of bitcoin mind during april. Not many holders are se
Final 59 minutes of trade, looks like the bulls started happy hour little too early and completely stopped. They had to sit down. Look at the dow entered day. The rally up 290 points to the upside, it has entirely disappeared. We reversed. The dow was down one hundred 12 points. A pretty significant swing here. Lets look at the s p. It was again of 38 points, we are down 17. All happening at precisely the same time. Look at the nasdaq, the broader markets around 2 00, 10 00 pm, the nasdaq had been as high as one hundred 59 points, way up higher, it comes just as apple dropped below its 50 Day Moving Average in heavy trading. A move that can be considered a cell signal. You can look at apple right now down 4. 5 , 11 00 a. M. 00 am it was down 2 and change. You see the doubling and this sort of waterfall situation and 182. 63 a share, apple has lost its 3 trillion market status, apple did beat on the top and bottom line for quarterly numbers but iphone sales in at 39. 67 billion, shy of
Right now, there is nothing that is earthmoving. That is a great way to lead off the show. I have unbelievable stuff. Okay. Lets get to our road map this morning. It does start with apples ev aboutface, reportedly abandoning its decadeslong efforts to develop an automobile, turning its focus to generative a. I. Shares have underperformed so far this year. Continued signs of a robust economy, healthy Consumer Spending certainly one reason why and goldmans ceo thinks a soft landing is uncertain. And the doj turning its focus to Health Insurance. It is launching an antitrust investigation of the giant. Unh. Unh is really under siege. Its a Great American company. Its under siege like almost no other between the hack and the Justice Department. Well talk about that. That said, its doing pretty well for a company under siege. Lets talk about another company thats done pretty darn well for a very long period of time. That is apple. Of course, youve seen these published reports. Any number of
Ashley no robot could ever replace charles payne. Thank you very much. Good to see you. Time to crank up the duke box. Bad news is good news onp and nasdaq trading at alltime highs, up to the Consumer Price index, lighter than expected. We are on record watch for all three major averages, the dow needs to close 249 points to make history. It is on course, up 274. The s p has had an intraday high, finishing 7. 7 points to set a new mark, 53. 49. Any game for the nasdaq will be a second straight, it is up 250 points. The green on screens likely on rate cut hopes, the april cpi more than expected month over month with annual expectations, poor cpi met expectations coming in at 3. 6, the smallest annual cpi growth in three years and the slowing economic picture retail sales for april coming in month over month after wall street was expecting a 0. 4 rise. Neil cashcari says americans are spending more than he expected. Rates probably need to see where they are until more inflation data is c
Down for a fourth straight quarter and the stock down 10 well talk to brian grazer plus, ipads, keyboards, maybe cars well look at the trades from here. And dow being hurt by disney, wouldnt it . Im here. I want to wish you a welcome back, because we have missed you. To her point about specifically whats going on with that trade for the dow, if you look at disney shares, but for disney we would be up about 100 points on the dow. Were currently up about 5 the s p 500 is trying to get back to that 5200 level. Solidly above the 50day average price on a rolling basis at these levels for the s p were about 1. 5 away from record highs and 5 away from the lows we saw back in april. Thats a pretty strong move. The nasdaq up about. 25 generally speaking over the shorter term, weve seen yields drifting lower the twoyear note yield is at 4. 81 . The tenyear at 4. 43 . Crude prices up. 5 . Gold trades off a little bit and bitcoin sits at 63,574 check out some of these names. Amazon is one that we