Data right now Barclays Says yes, the economist joins us to make the case. We are at historic lows and housing inventory, why thats pushing home prices down and rents down and how that will impact inflation reits and households well get to that. First, lets get a check on the markets. There is differentiation and the outperformance is coming in the blue chip Dow Jones Industrial average. Its been an underperformer with the broader s p and the nasdaq composite, todays trade has a lot of those kind of valueoriented type stocks one in the blue chip index and the dow is up 250 points and 1 higher and four companies are making the bulk of those gains and its United Health and amgen and also mcdonalds and boeing so if you take a look at some of those stocks and thats whats powering the dow and up about 30 points and right near session highs and we were up 32 points and up about 13 at the low and a positive day twothirds of 1 gain so far the nasdaq composite is an underperformer and reversion
Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largecap s p 500 index. Well put a star right there right now. At one point, it was as high as 5156. Its currently up 1 . The dow is the laggard on the day, just up maybe 1 3 of 1 , 120 points to the upside, 38,781. But the real outperformer is the tech heavier nasdaq. Not a record yet, but darn close. Its up roughly 1. 5 , 231 points to the upside. 16,262 the last trade there. Meanwhile, check out some of the earnings movers. A check on the consumer economy. Supermarket giant kroger, you can see here
And the ceo who has been to space. He started his company at just 16, took it public three years ago, and shares have doubled years ago. He joins us live ahead before all that, lets get a quick check on the markets session highs, its better than the red we saw earlier dow is up 42 nasdaq up 53, outperforming as we await results from apple and amazon after the bell. The biggest moves are once again in the bond market today, with a massive treasury supply surprising and unnerving investors. The green number, 4. 17 on the tenyear is what we are looking at on the 30year, just under 4. 3 , nothing compared to where bill akman thinks it will go. Maybe to 5. 5 . He said hes shorting it so for more on how investors should position from here, my next guest has played the market well so far. He continues to be pullish and still sees some undervalued names here joining me is the chief Market Strategist at hennasee funds neal, welcome back thank you we spoke earlier this year. You said dont be con
Results in an interview. Now that don peebles is turning bullish on new york real estate, where hes seeing opportunities and why office space is at the top of the list. But first, lets get todays market action. Its a little more pronounced, but just marginally to the downside, considering we are just 1 to the highs so far this year. But to kellys point, if you look at whats happening, its been a mixed picture and a lot of different cross currents. That earnings story that is shaping up, at least in todays session. The dow up 21 points, 35,581 the s p sits at 4577, down about one quarter of 1 . The trading range has been negative all day at the highs, down four points and down 21 points at the lows maybe in the middle of that range. The nasdaq composite, down 1 3 of 1 , 48 points to the downside 14,297 for the composite trade one them thats developed is travel and leisure, somewhat we have had downside and upside moves. Jetblue, down 8 more costs for Norwegian Airlines uber was positive
Report results. Our trader likes into of them. Thats ahead in the Earnings Exchange. But we are decidedly red on the day so far, taking a breather. Its been a nice drun. The dow down. The s p 500 down nearly one full percent. And the nasdaq composite, 15,959, really the laggard today, down about 1. 5 . A bright spot in the markets so far has been a not so bright spot for the median term, talking regional lenders. But a bounceback for names like coamerica. Citizens financial up 5 . Two of the better performing regional banks. And nycb, you can see there, its up as well on the day. Now, there is one honorable and maybe even more so Honorable Mention is a mega cap bank, jpmorgan base, the biggest lender in america, up about 1 . It hit a record intraday high in trading today, so if i was at a telestrator, i would draw a star next to that name. And speaking of record highs, bitcoin just did it. Surging past the 69,000 mark and setting a new record intraday high earliertoday, but we touched