Terranova. He plays a great guitar . Its called the mr. Wonderful. Its built by fender i was a shareholder in fender for years and i made no money. Joe, was he actually playing the guitar he was. This wasnt a milli vanilli situation . No. No billy gibbons, the zz top guy, who im in awe of as a rocker tweeted me and said hey, hey, not bad, but youre leaving a little on the e chord. Hes an investor he watches cnbc. This is good. Joe, were excited to have you. Thank you for getting up early on a holiday week. The last day of trading for 2017 lets tell you where u. S. Equity futures are. Theyve been negative throughout the morning. S p is the only average that would open in positive territory if it were to open up now, up by 3 points overnight in asia, final trading night of the year has come and gone largely mixed. The nikkei slightly negative hong kong positive as well as shanghai 2017 finished off with a gain of nearly 20 for the nikkei. Look at that 19 year to date look at crude. Weve
We can count some of those cars out there. No traffic at this hour, coming to berkeley, and no problems to tell you about his will. As we take a quick peek at the bainbridge toll plaza, this is a rare sight, 6 a. M. On a monday morning, you can breeze right on through. If driving is not your thing and you rely on mass transit. Bart, and other systems including caltrain are on a sunday schedule. If you need mass transit to get you to where you need to go, make sure you check the schedule first for you head out the door. I want to show you the scene about an hour ago outside of the harborside dispensary in oakland. These are live pictures. We are right there. Christian captain and his camera right there, as some of the people who are waiting in lines for the dispensary to open up, they are inside. They lined up last night, so they could be first in line at this Recreational Marijuana dispensary. Christian captain youre there. You have a live report coming up in just a little bit. His cam
Closing alley, you could call it im thinking about the lyrics in the song, g4 pilots on a firstname basis did you catch any of that . I did, dont ask me to explain it joining us this morning, raul sudd, ceo and founder of unicorn and ed lee, managing editor of recode welcome to both of you on this first trading day of the year, we asked you both to come with your 2018 tech predictions, from deals, ipos, and, yes, bitcoin and cryptocurrencies lets start with you you have some predictions in media. Media, tech and media thats my favorite topic, because i feel like tech has been sort of dipping their toes in the media water for years media, by the way, they see this threat coming for a long time and they are acting much more quickly and decisively, more dramatically with the tieups. You have at t and time warner, disney and fox whats coming next . Heres the thing, i think the next big step is for amazon in particular and possibly facebook and apple to take a deeper look at, you know what,
Good morning welcome to squawk alley. Im Carl Quintanilla at the new york stock exchange. Markets obviously the top story. The nasdaq closes above 7,000 on tuesday for the First Time Ever to kick off the year s p crosses 2700 in todays session. For a moment we were within 100 points of down 25 k. For more bring in senior markets commentator who has switched seats here at post 9 big playbook, strategic thoughts, what are they. Ongoing sweetspot seems it has continued into 2018. Pretty much all these things working for the market, low volatility advance, yesterday a little more energy in the nasdaq, obviously getting above 7,000 with a percent and a half move whats interesting is you have these forces of Global Consumer boom animating the nasdaq nasdaq composite also almost 14 of s p 500 the top five stocks in the s p are the top five in the nasdaq thats actually a newish thing so its very new versus lets say 2,000. On the other side you have this cyclical reflation story working for the
The best week since december 2016. Some of that bullish action is continuing. All time highs. Very small gains. A lack of conviction. Investors taking a breather ahead of earnings season. They had a technical analysis, this is 8605. She presented a version of this chart, and she believes we will see consolidation. This is the s p 500 over the last year. Area sheve a cloud likes to use. We will see the s p 500 pull back down to that. That is less likely and she believes the gains for 2018 will be smaller than 2017. Time will tell but that is an interesting view. Lets take a look at a five day chart. Earlier we were looking at the first declines in five days. In the way. Up 2. 7 . Last week was the best since the end of 2016. The gain may be small but it is a broadbased gain, small rally. We see most of the sectors are higher. Such as utilities in real estate , information technology. Health care is significantly lower. The big drag is the biotech sector. Lets look at the names that are