Says the gains can keep going as long as one thing happens. And it is about bond yields. And in choppy waters, that is how the ceo behind this name describes the consumer we saw the sentiment report, big disappointment he says his company is well positioned to weather it the stock up 17 just this week. But lets start with more on the markets. It is positive generally speaking, but weve lost some momentum here in the midday session so far if you take a look at the dow industrials, kelly mentioned on pace for eight Straight Days worth of gains but just up about 110 points the s p 500 is still above the 5200 mark. Up about five points but the one point today we were up roughly 25 points in the s p and actually about down five at the lows so again, kind of a bit more stuck in a range right now, very tight one. Well see if the s p can break out of it. Nasdaq composite losing ground down 18 points for the composite index. One thing were seeing notable moves is what is happening right now ove
You brought toys. Yes. So you so this onto your costume and you can have it have like to fix or bluetooth to wifi. Its easy. You dont have to go to mit and spend 100,000. You can learn al all the stuff a weekend spent how much to contribute to success to your company directly to getting out there and being the visible face to this company . I think its important to have the case because for every company, the culture comes from above. Even though we have 85 people or so, what i set up 10 years ago with this company is what continues, the value i put into it i think is what people see in adafruit and also what the employees see. I think its important for the ceo to set the culture and then continued to disseminate it. Great. Lets switch gears and talk about crowdfunding. Crowdfunding has exploded over the last few years, right . Everything from buying what you guys sell to selling headphones and watches. Things people are trying to crowd fun and start. Think back to when shinola started
I mean, up or down. Lets just see. The european markets have been open for some time. There we can give you some actual answers. Also, well, largely down other than the ftse in the uk which is up. But no great moves there. Thank you for italy and spain in the control room. I like to see a broader picture other than the big three. As for crude oil which we go to next, 2. 276. Wti back above well above its kind of a stealth move there a little bit. Thats all talk ahead of the opec meeting. Hot air . Yeah. The saudis have cut back by 500,000 barrels because the u. S. Is increasing by that much in if next four months. So interesting. Well talk oil during the show but lets start with retailer. Two are falling sharply. Tiffany with a surprise drop in samestore sales and lowes also missed on its top line. Plus, were awaiting a new outlook from the fed. The u. S. Futures are more or less flat after the longest winning streak is extended. Over in china, a downgrade. Moodys lowers its rating on
Thats right, carl. President trump tweeting from his handle realdonaldtrump my daughter, ivanka, has been treated so unfairly by nordstrom. She is a great person, always pushing me to do the right thing. Terrible this is in response to nordstrom saying that they have pulled their merchandise, as every year, at 10 of the goods they sell and make decisions based on what is selling and what is not. Some read that as the impact of the boycott on donald trump and trump merchandise at a variety of retailers. That news came in the middle of last week. So, in some ways, its a bit surprising its taken the president this long to say anything, if he has at least chosen to Say Something at this point. Shares of nordstrom did fall initially and they have responded, sitting right about unchanged at this point. Carl . Courtney, were going to watch that, see if it hangs in there. Thank you very much. Spencer rascoff, i know we want to get to immigration and certainly your earnings, but how do you thin
Beyer offering to acquire monsanto, largest agriculture Chemical Company. The stocks on the move on this big deal. Big deal of the day. Market action meanwhile looks mix in asia overnight at the g7 finance meeting ending with no action. Nikkei hang seng lower, shanghai kospi higher. A third of a percent. Cac quarante down and in the u. S. Futures look like this edging lower, we have a of course, a handful of economic reports and earning reports this week. We are expecting a lower open forking the broader averages. All the stories coming up right here this morning and with me trading partners michael block, Anthony Scaramucci, good to see you guys. Good morning. Maria feels like a busy day with the beyer deal. We were just talking about this, people are looking for a higher bid than 122, this is starting point. We are going to hear more about this. Maria this gets a number of other Companies Moving as well in the sector. We will be watching that. As you can see monsanto trading up this