It was the big gainer. It closed at an alltime high. Tech has been leading the way. Sales force, facebook, taketwo and qualcomm at record highs you have to watch one stock in particular apple. After more than 10 gain on friday and thursday night, it closed up 2. 5 to an alltime high percentages away from hitting the 2 trillion market cap that 4 to 1 stock split is hit that price has to sit 477 not far off. Weve been talking about the pressure that has been put on yields in the treasury market. Right now, the 10year note at 0. 45 . Scott . Becky, im listening to you talk about tech and these companies. We have to get ready to talk nasdaq 11,000. As crazy as that would sound, we are on the doorstep. In spitting distance, basically. Unbelievable. Largy carri largely carried by these big five apple, amazon, facebook and alpha bes alphabet and microsoft looking back in march, would you have thought we would be talking nasdaq 11,000 by summer . No way. There is reason for it if you look at s
Showed that chinas trade exports contracted for the month of august largely because entirely because of the trade war with china and the United States well hear more about that from eunice yoon in a moment. Look at whats happening with the european markets that are open and actively trading a in the point. Right now most of these markets are in the green ftse is the exception down by a quarter of a percentage point. Also f you check out the treasury market here in the United States, youll see the yields that we have been watching oh so closely as we get ready for fed next week and ecb this year, ten year under 1. 6 , 30 at 2. 07 . Some news out this morning saudi arabia now confirming it has removed its Energy Minister from the position over the weekend replacing him with the kings son and that move breaking with long time tradition and convention that members of the royal family are not appointed to that position and comes just days after al falih was removed from his role after chair
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t
It was a big rally yesterday gave back many of the gains late in the session the dow did end up more than 100 points by the end of the session. Overnight in asia, a bit more muted today after the big gains yesterday in the markets the hang seng opening after being closed on monday for a holiday. Its the stock market trying to do some catch up it was up by 1. 2 . Shanghai was flat. Nikkei was up by a tenth of a percent. In europe, some early trading taking place a bit of a mixed picture there. Ftse up by a half percent. Modest declines for the cac and the dax. Stocks are higher in italy and weaker in spain. In the United States, if youre watching the threreasury market the tenyear is yielding 0. 15 lets talk trade President Trump saying trade talks have begun following his meeting with president xi jinping at the g20 speaking at the oval office yesterday, the president said the renewed talks are being held by phone any trade deals will have to lean in the u. S. s favor obserit has to be
No. What does that say minus 7 degrees whoa. Andrew, did the lawyers have their hands in other peoples pockets in their own pockets. Lawyers target joe this time, he said it not me you gave me that one. It is that cold thats making davos look like miami. Youre not outside. No. No we got glass here. Can you see . Beautiful makes all the difference. We have a big show. Well tell you about it in a little bit you have some cool guests we have awesome guests. Unbelievable guests. You cant see them, but kenny d. Is there did kenny step up to the plate with russell and some that was him, right . Russell wilson will be joining us Larry Fitzgerald will be joining us bob kraft will sit in with us. Kneel ca Neel Kashkari will talk to us this morning also. Hes not a Football Player, right . Kashkari no. No he looks like a Football Player youre right. Kind of does a little like the rock. Well check back in with you in a bit. Im glad that you are in the warm its still cold a little bit are you weari