Tech. Those would be the googles, imbs, microsofts, the apples of the world. Were going to talk with a fund manager top person who owns them all. First though, so sue at the nyse. Im going to pick up where you left off on that yield on the 10 and 30year treasuries. Hitting lows. Right now, the tenyear is 2. 45 . We were just a moment ago at 2. 44. The yield on the 30year is 3. 301. What does that mean for stocks you ask . It means a lot. Bob pisani is here to tell us exactly what. It means uncertainty and thats an issue for the market. Risk is a little bit now to the downside. Lets look at what the tenyear did. Around 8 a. Move to the downside. Immediately, we had a cascading series of effects. Gold, for example, we talked about gold and some of the fear indicators. Gold dropped about the same time we saw a move down to the side. After that, s p futures, which of course trade prior to the open, it dropped. See that . Just after 8 00. Okay, what caused all this . I think a lot of this h
Cents. Facebook is buying oculus vr for 2 billion. Its a Virtual Reality tech cojmpany. And the irs is defining the bit coin as property and not currency which could give americans a boost on taxes. Some investors are looking for a bigger boost in the stock market. Larry shover of sfg alternatives joins us. We seem to be in a range bound market, what levels are you watching . A lot of people have a lot of theories about on whats going to make this go out of its range. Whether it be the unemployment number next week, auto sales, pmiswho knows . But the longer were in this range the faster were going to move out of it. The forecasters are predicting another chilly day going towards the east coast. Whats going on with natural gas . We continue to see natural gas rising and inventories falling. Thats bad news. We do have a big supply however we have a huge deficit thats going to require a lot of production this summer to make up for the deficit weve drilled into this past fall and winter.
Welcome to power lunch. At the nyse stocks are sitting at record highs but as we saw, it was quite a battle 24 hours ago right here at the nyse. It most certainly was. We push ahead today on this big debate on High Frequency trading on power lunch. Where are the regulators . We talk to lawmakers who come at the issue from different points of view. We also have specialists to tell us what high speed traders look for. First, how does high speed trading fit into the overall market . Who better than bob pisani to explain all of that. I bet you can say that. Algorithm. I can spell it, too. The important point is a lot of people wonder when you go to your broker and actually push a button. Let me walk you through a typical trade. Critics of High Frequency trading say these traders are scalping pennies from investors but the truths a little more complicated than that. Lets use an example. Through your broker, you send an order to buy 100 shares of ibm. That order is likely routed to a market
Recently at costco. Especially when you look relative to other retailers. This is something we have been seeing. Comparable sales up six percent. Especially impressive given what we have seen in the First Quarter given so many retailer said weekly results were due to the weather. Sams club is comparable sales, down half percent. Walmart down 2 10 of one percent. Among the big discount retailers, this is the only one that has seen an increase in comparable sales. Not only an increase, but a big increase. On the other hand, shareholders meet did meet estimates. It seems like a combination of different factors. Higher preopening expenses for some of its stores, accelerated some of its store openings. Fewer shares in the quarter contributed to some of it as well. Membership fee income, which may have been due large part to courtesy currency headwind. Areall, we see the shares down 7 10 of one percent. Commentary i have seen has not been that negative, saying essentially weak numbers are in
And carl quiis live at the Performing Arts Center in california, just 1. 3 miles from apple. You know, carl, there is a real historical sort of echo that theyre having this event at the flint center, a place they havent used for Product Launches in quite sometime but some of the most important ones actually were unveiled. Absolutely true, tyler. This is where steve jobs unveiled the mac in 1984. 30 years ago. Its been four years since apple introduced a completely new product category and four years since this is the first new category for tim cook, of course, who succeeded steve jobs as ceo. This is the worlds biggest tech company, guys. Brought us the modern graphic based pc, modern smartphone, the tablet, the music player. So over the next hour, we are going do get some specifics finally after a lot of speculation about a bigger phone, about a watch, about a payments product. About a Health Product and even though the stock traditionally does not act well on launch days, some bulls