Goldman sack listed the worlds most owned stocks. Lets say being original not really a thing on wall street right now. Worldwide exchange begins right now. Good morning and welcome wherever in the world you may be watching here is a shot of capitol hill more on what is expected coming up first a look at the markets an your money here are how things are looking the dow coming off its record close of the year. We could be lucky 13 dow futures are up right now speaking of the number 23. Did you know the average gain of a stock on the s p 500 this year is indeed 23 . Thats right and 63 stocks on the s p 500 have gained more than 50 this year those are some big numbers in the bond market, no real change around the world, a lot of green on the screen. With the early tradein europe, we are seeing higher markets there as wells all the major markets are up the cac and the dax in germany are each up 10 . The german dax is up 13 in 90 days all the major Global Markets particularly in europe are d
Day of november on the backs of home depot and kohls, both tumbling after cutting outlooks and comps forecast. The record rally for stocks, it rolls on. Futures as you saw pointing to renewed all time highs at the open and vaping crackdown. California suing juul for marketing to teens new york set to make a socalled major announcement of their own later today. Well start with retail, though, home depot shares down on the premarket, earnings did beat but sales missed and company cuts the full year outlook saying integration is not delivering as quickly as they thought. Kohls tumbling on weaker guidance i was curious to hear you say a moment ago that lowes is getting to be the better buy because well see that print tomorrow. Yes i have to tell you, i think Marvin Ellison energized the place. One thing that happened was that lowes fell behind home depot technologically. They didnt have the systems that is no longer the case as Marvin Ellison rolls out technology at every single lowes, and
Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt joins us from investor day for qualcomm, first one since 2016 a lot from jon throughout the hour, including a sit down with the ceo exclusively in a few moments. We start with tech on a tear, on pace for the best year in a decade, shrugging off mixed earnings concerns. Sectors off another record close. The dow is selling off, down 120. Buyers beware. Some say were set for overbought conditions when it comes to tech. We talk more about this and the market at large. The chairman of Global Internet banking, good to have you back. Thanks for having me. How do you put the run weve seen, especially in things like semis into context whats driving it . It is amazing, nasdaq up 28 , driven by bigger cap companies, apple up over 60 , microsoft up over 40 , facebook up over 40 to add to the point, semis has been a sub sector, up 58 , driving growth other s
That goes to biogen. But broadcom still up 2 . The 10 year yield, 1. 79 . Guy lets take a look at where we are here in europe. We are trading toward session lows when it comes to stocks. Also a selloff when it comes to the oil market. The stocks now down the stoxx now down 0. 3 . In italy, bonds have been out in front of the story. They certainly been taking a much more cautious approach when it comes to the trade narrative and the Global Economy over the last few sessions. Equity markets have continued to push ever higher. Lets get some analysis on where we are right now. Lombard chief ts economist, joining us now. I want to start with your view of the u. S. Consumer. We seen two big retailers out today, missing. The stocks have been pummeled. Are you worried about the u. S. Consumer . Charles not really, to be quite honest. Guy why not . Charles i think real income is going up at a reasonable rate. The savings rate is not going to suddenly thaw, and therefore the consumer plunge, unt
It is time for a wealth tax in america ive heard there are some billionaires who doesnt support this plan. Theville ville ification of billionaires makes no sense to me she probably thinks more about cataclysmic change to the Economic System as opposed to tinkering. Lloyd blankfein responded on twitter. I can watch that over and over again where were you when you first saw that i was kind of brushing my teeth in the morning where i normally watch the channel i was surprised and flattered to think that i could play such an Important Role in the president ial campaign. Were you angry . No, i wasnt angry. Im a little bit staggered that it gotten to this point of kind of name calling. How provocative was my statement that i would tinker with the Financial System and i wouldnt explode it and that becomes in this kind of polarized world, thats a very radical statement to say you wouldnt blow up the best financial and Economic System in the world. Let me read from your tweet, if i may you say