Stocks surging yesterday trump saying the two will meet in china discord in the ranks as pricing pressures mount opec pushing off next weeks planned meeting in vienna. We will tell you when they will finally have a meeting and maybe have to confront iran. Its wednesday, june 19th. Worldwide exchange begins right now. All right. See what they did there. A lot of news out of asia, you got the band good morning, good afternoon, good evening wherever you are. Im Brian Sullivan we have a huge wednesday hour for you including our exclusive sit down with that man, the founder of huawei. Well get to thatin a moment first well start with the markets. The u. S. Major averages are points away from hitting fresh alltime highs following 1 gains or more across the board yesterday. All the major averages, the dow, the nasdaq, more than 20 up from their december lows right now futures are fairly muted. Well call them flat bonds have been a billion dollar story as well. Probably more of a trillion doll
Cornell. This is the first time well talk to him since last weekends events where so many cash registers were shut down and Stores Across the country. Also well talk about what the consumer is doing now because last august when we talked to brian he said he had never seen a better retail environment. Also as you can see, former secretary of state, condoleezza rigs will be joining us and g e given the incidents last week in the straits of hormuz with the tanker attacks, well talk to her about what this means. Joe, i know youve been watching the markets closely. I am watching that sun come up beautiful. Youre on the 18th thats the green behind you. Condi will tee it up, i have no doubt. She is pretty good shes a fantastic golfer. But, yes a lot happening here its nice to be on a golf course where the sun is coming up as we start the show youre a midwest type you know i am. You travel the midwest. You see the country. You see what other people not only that, my best friend from when i was
In a correction or worse, down 10 or more from their highs and check out some of the biggest names on the list. Intel, ups, exxon, sales force all falling from their 52week high do you buy any of these names for a catchup trade or are they a no touch pete, where do you start with the list i see a couple of names i already own and i will start adding to because i think theyve been pushed down enough from the 52week highs and i think theres room to the upside i would start with finish with intel and add ips. The execution is there and the fundamentals are there and for me theyve also got growth when you put that all together, mel, when they pull back, thats an opportunity and those are names i would be adding to what do you think of intel . You picked one that has some very specific issue to their own execution and theyre very involved with what the headwinds are to the macro situation and thats an interesting list and the same thing as far as macro headwind sales growth and they made th
Higher, the prime rate of women in the work force climbed to nearly 78 . Thats still, though, lags other developed nations. The department of labor estimates its costing more than 775 billion in Economic Activity each year. Well dig into what needs to change to get more women into the workforce. Plus, President Biden calling for higher corm taxes and increased incentives for some americans in last night ace state of the union. This as both the house and senate vote on spending bills this week. Whats in each of them, what it means for wall street, and the names poised to benefit from bidens agenda, all coming up. Right now, sectorwise, it is the end of the week. With regard to some of the movement we are seeing, again, i alluded to the fact we are down for most of the Major Industries here, the dow industrials just about flat. The s p 500 gets a start. Even though its a half a percent down, it did hit a record high today. 16,107 is for the nasdaq, down about 1 . The dowindustrials down
Numbers and, of course, the payroll report tomorrow, which leads us to our talk of the tape we ask how results from apple and amazon right after the close of trading might drive the tape from here. Here to discuss all that is stephanie link, and malcolm etheridge, both are cnbc contributors both are here at post nine as well welcome. Hi. Steph, obviously, look, apple and amazon together more than 10 of the s p they matter for the index how the market reacts to the numbers. In general, in the context of an earnings season that has been strong relative to expectations, the mark kind of shrugged on some level, where do you think that leaves us as we figure out if this has just been a little bit of an air pocket in august i think it is a little bit of an air pocket, digesting the doubledigit gains we have seen across almost every indices. And i think august can be volatile maybe trade around, maybe to september, mike. But i think the economy underlying is pretty good. The Economic Data has