Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back why was it a hawkish cut . Because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out yesterday about the dissenters and i totally agree with you on that heres the quandary. The Economic Data in the sfats is not bad we had great housing data yesterday, pretty good data on housing, i. P. , retail sales. Jobs continues to be good. So if he
But a buy here and now does microsoft hold the key to new market high sns guy what do you say. First of all, you have to you know, we criticize dan on twitter. Really. He is criticized. Dan. Why. Why is he criticized on twitter. For being do youwers. But cant coined maga we can fire the graphic at the top of the show. Dan does know a lot. The maga trade. Yes. And look at the m. In maga as we know is microsoft so. Some hat. On straight valuation price to earnings its expensive look at the last quarter i mean, eps beat was significant. The revenue beat was amazing azure grew 64 year over year. Operating margins 230 basis points better year over year its hard to cast aspersions yes trading yall alltime high. People make a big deal of the 40 billion. I want 4 of the market cap, not insignificant. Answering the original question it can rally into earnings mr. Maga. What is a i. You from a trading standpoint, the stock broke out in early june about 130 basically trading between 130 and 140 s
Im not sure i know this. Lauren a little girly for you. Stuart unwritten by natasha benefield. Stuart because the training, what does that have to do with it. Get me out of this, 10 00 oclock eastern were to go to the money the dow is up to 50, the nasdaq has turned south. The bottom righthand corner the dow 30, there is only three losers, 27 winners, three losers what a situation of the nasdaq is down the ten year treasury yield that was close to 4 408 as we speak up four basis points, the price of oil on the upside dragging gasoline prices up, 81 a barrel that is an elevated price, bitcoin not much actually 28981. That is the markets and now t this. I was up early sunday morning eager to see the u. S. Womens team in a vital world cup game with sweden. , from the start was embarrassment not the quality of play the politics, frankly it made me angry. Before the game the teams lined up for the National Anthem, the sweden went first, all smiles, all of them singing, the americans, six di
Good morning welcome to Worldwide Exchange. Im Courtney Reagan. Im dominic chu in for wilfred frost. Lets get to the Market Action we have futures showing a bit of stability ahead of that big jobs number check out whats happening with the stock futures. The s p up by 1 point. The dow indicating a 39 to 40 point open and the nasdaq up by 5 points. The tenyear treasury note yield, always a focus with the jobs number, check out yields there. We have been seeing a downtrend as of late 2. 12 the last trade there holding relatively steady. This could be a big mover if we get a big or disappointing jobs number thats true we have about 3 1 2 hours until we get that jobs number. As we begin a new month of trading, lets check out the august score card. The dow and s p finished higher to extend their winning streaks to five straight months of green arrows the nasdaq gained a bit more than a percent in august the ninth positive month in the last ten the best performing sectors with Information Tec
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.