The dow up nearly 100 points. The s p closing at a record high above 2400 for the first time ever. The nasdaq hitting a record and the russell 2000 soaring. Amazon, 20 years after its initi initial market cap taking off a whopping 450 billion leaving traditional retailers in the dust as they struggle to stay afloat. The two names have been somewhat immune to amazons demolition. The two best performing dow stocks this year. They are getting ready to report this week. What do they tell us about the story of the consumer, guy. I think home depot absolutely is. Lowes is cheaper. We can make an argument it should be, shouldnt be. Home depot absolutely stands on its own. Reports tomorrow before the bell. 14 eps growth. I think it is immune. Walmart, different story. But i think the beauty of walmart is the downfall of target. 2015 was an awful year for walmart. 90 to 45. I think it got its footing back because target lost theirs. I think they got the footing back because they got back to wha
The grease fiveyear bond should price sometime today. What will that price be . The vix lower on the day. David time now for your morning brief. General motors and caterpillar will release their earnings later today. The home prices for may will be out. And we will get july Consumer Confidence data. Alix thank you. Companies in the s p reporting this week. Here is where we are stacked up so far taking a look at sales and Earnings Growth. Top is sales growth. The bottom is Earnings Growth. Blue is technology. Orange is the rest. Much google today. They are getting hit by 2. 5 after disappointing some investors in terms of revenue. Here is what the coo had to say. We are obviously happy with the ongoing strength and advertisement revenue, particularly in search. We continue to drive user adoption and engagement with mobile devices. Build bettero expenses for users and advertisers. We see increasing contributions from growing nonadvertisement revenue businesses. L trying us is pau google
Explain. We begin with stocks rallying for a third consecutive day. The first time they have done that all year. Were on correction watch at this hour. They take the dow and the s p to the brink of exiting that precarious position. Big move in oil. The s p is out of correction by about a point. The dow still has some work to do by about 100 points. Believe in this move over the last three days . Theres really positive signs, scott. The transports are playing a big role here and thats been whats ailing one of the factors ailing the market for so long that disconnect. Bio techs bouncing really hard up 15 off their lows. Small caps out performing large caps up 7. 5 versus 6 and the banks are the only s p sector still down double digits on the year and you dont want to see such weakness given what we were worried about to begin with. Do you believe this three day moves . The other rallies have been punked. They sell right into it. Not even a couple of days. I think you have 24 hours in mos
Mount. The Energy Sector leading higher in europe after a sharp rally in asia. Vw pays the price for its emissions scandal as auto sales slip in october and the german auto maker losing market share to rivals bmw and diamler. U. S. Secretary of state john kerry has just arrived at the palace in paris for a meeting with hollande. This after he called on the u. S. And russia to unite in the fight against the isis in syria. France has launched a second night of air strikes on the country in the wake of the paris terror attacks. Addressing both houses of parliament he will also be meeting with Barrack Obama and Vladimir Putin to discuss a joint strategy. We all need a coming together of all of those that can really fight against this army of terrorists in the form of a large and unique coalition. Thats what were working on. Its in this spirit that i will meet with president obama and president putin in the coming days to unite our forces and reach a result which has been put off for too lo
S. A. P. Gets a boost after they lift the First Quarter profit. The ecb is considering a plan to increase hair cuts on greek Bank Collateral if athens fails to convince its International Lenders on reforms. Hi everybody. Good morning. Good morning. Nice to be back. A lot going on still and this week crucial in regards to greece. Earnings. 150 companies on the s p. Some of our guests are optimistic with regards to earnings but most people are saying we could be in for disappointment. The outlook is going to be harder this year. I dont know. I think the expectations are so low that it give mrs. S more room for companies to meet expectations. It depends on which sector youre looking at. The tech sector has been quite buoyant but then you have other sectors where theres still some nervousness with Global Growth and cyclicals out there. Weve seen a pull back in them. Energy. Oil price 60 barrel but theyre going to have to compensate for the dramatic drop weve been seeing over the past coupl