What happened in your christmas household . It was wonderful. At with my sister. And best gifts . You know, the usual what is the best gift that we could get, you know sf what is t best we could do at this point is that appropriate for Morning Television i got socks socks are good. I got some very thoughtful sweatpants i got some sweatpants how thoughtful could sweat pants be they were very comfortable. Did you get new yoga wear lululemon, yeah see, i knew that i was going to get you that, but i knew someone else would. We cant just all keep repeating. Okay. Anyway, im Andrew Ross Sorkin joe kernen is here, melissa lee is here. Becky happily has the day off. A quick look at futures. We have the dow looking like it would open down. A few days where we talk about things opening or at least looking like they will open in the red. Right now dow would be down about 32 points. Nasdaq off about 7 1 2 s p 500 off or rather up margma marginally bitcoin is rising, recovering from a selloff last
Are already baked into the market how many times did the chattering classes tell us the moves been made youd be a fool to start buy now. After another good day where the dow gained 99 points and the s p climbed 4. 64 and the new highs across the board, who looks foolish now . Baked in my derriere. Clean this up a little were all going to die look, every morning i peruse every morning i peruse the Research Published by major wall street firms you get a mixture of ten upgrades and five downgrades and most often you get a price target boost because the stock has overrun the projections. Thats about as bullish as it normally gets. Today, though, today, i counted 29 upgrades of significance and two downgrades, two baked in baked in are you kidding me baked in i am done with that i am done with hearing about baked in this is the official bakedin cake, and i am taking care of it right now. Thank you steady cam producer for my boeing knife. Why are we getting these upgrades oh, im on a diet im
Uptick utilities is the Top Performing sector, i guess we could say it had a pullback. It did hit a nine year high today. Tech strong, Consumer Staples are strong lets begin with dominic chu wh is following the stock market. The stock market might be a little bit ways away from getting back to the highs before the selloff, we looked at the s p 500, it turns out that 93 members of the s p are 5 away from claiming those 52 week highs or better that theyve seen 81 stocks have hit highs so far in 2018 alone. And a handful, 13 of them, has hit 52 or better just this week. Some of the stocks that are a doing better job of getting back towards those record high levels, check out vf corporation, a big apparel company. Its within. 5 of record high levels northrup grumennond cne group also within 1 nike, close. A bunch of big names are doing a decent job at getting back after the losses weve seen. The big question on the minds of investors is if the rebound is wahappening too fast. Who would hav
Us the upcoming meeting between qualcomm and broadcom and a lot more lets give you a quick look at the futures at this moment we are set up of a higher open, this is has not been a great tale for the rest of the day given the volatility that we saw last week. We did end the week on an up note have not put the two backtoback there is germany though and the rest of europe like we are really, really weak. Come on, everybody is down the same amount, it just does not make a lot of sense. Tlhere is a shared concern 2. 86 calmer than they were at 3 00 a. M thats important. We can see wti is having a little bounce as well. We start with the course markets that bounced back after the worst week of stocks ins southeaster since 2016 you know what jim says about the futures. Plus, the white house is rolling out its budget and a new 200 billion infrastructure. Key question, how are they going to pay all of that broadcom continuing acquiring qualcomm it would be the largest deal of technology of all
At the same time we have is very auguste group the said forcing companies to provide a backdoor to encryption is going to result in a lot of unintended possible consequences including some of our companies will lose a competitive advantage because, for example, if we expand to include encrypted apps that it only would apply to our companies and, therefore, if our companies have to provide a set of backed away to get to this information and Foreign Companies who in the marketplace dont then you at a competitive disadvantage. They are a lot of issues that we do have two way. Speaking of that i understand you to say that is just one of the things on the table . Are that he said at another form perhaps but you think it should be expanded to include encryption apps . I dont know whether i said that but if i said it, im smarter today than i was then. I think thats something that folks are discussing but i dont know what that answer is. Thats why we havent come to dealing with a proposal. Wer