Good morning, everybody, big show this morning, joining the conversation capitalist founder jonathan honan is here, benchmark managing partner kevin kelly, great to see everybody. Thank you. Maria breaking news of the morning, Uk Supreme Court delivering blow to Prime Minister Boris Johnson, Supreme Court ruling suspending parliament was unlawful, thats opening the door to more pushback on his plans to take britain out of the European Union, your reaction, kevin. Yeah, this is fascinating, he was actually going for a Nodeal Brexit by october 31st because the European Union hasnt really been working with the uk on trying to leave, they have been in stalemate for a long time, he has actually informed the queen of this, of his plans and she didnt push back on him and so now its going to be hard to see, i mean, it took them a long time to get article 50 done where they deliver to the European Union that they. Going to leave, you know what, october 31st looks like the deadline, theyre not g
European. The tenyear note yield continues to hover around even below that 2 mark. God, i i know. Shocking. Japanese negative to nine years out. Negative to nine years, youre paying them to take your money in japan. And the all important look at oil. Up on friday, down this morning, and we seem to be following on the equity averages. Lets get to our road map this morning. It starts with shares of chipotle are up this morning on some anticipated good news from the cdc. Perhaps a turning point for the company after that e. Coli outbreak . Plus what you need to know about the iowa caucuses. Well take you there live as the area prepares for snow. Shares of tesla falling after Morgan Stanley slashed the price target by 100. What has adam jonas concerned about it. And news on the activism front coming your way. Moments from now on alcoa. Lets get to the Broader Markets to start things off. Global growth concerns sends futures and oil prices lower. China manufacturing, pmi for january indicat
Alibaba plans to go public. Yahoo has a major stake. What does that ipo mean for yahoo and its shareholders . One of the wall streets top internet analysts will weigh in on that, an the battered social media stocks. Are these battered shares a buy . First lets check in with sue at the n dwrismt se. Its a very strong day here. Were off our best levels, but close to a tripledigit gain. Right now Dow Jones Industrial average is up 86 points, nasdaq as ty just mentioned down a full percent and change, once again a very tough session, and were only 36 points and change from breaking that 4,000 mark. S p 500 is up better than a tenth of a percent at 1870. 71. The nasdaq is not really following the dow in todays trading session. Seema mody will give us the breakdown. Hi, seema. Good afternoon. Thats right, an ugly day for the nasdaq. The primary catalyst become tech. And yaw hoar is in fact on the top of that list. Shares moving lower after ali baba. Filed for an ip on in the u. S. Cog any ze
Will talk more about that in a moment. Another tough overnight session for global losses in tokyo and india. The road map begins with the retailers rallying best buy, home depot, urban, and they all beat handily expectations, but slightly different than penny. Missing expectations, but trading up as the investors conclude that it could have been worse and appears to be better for eli musk and tesla. After the retailer posts better than stronger earnings and mobile phones and appliances were the strong components of the quarter while gaming is weak. This stock is at a 2 1 2year high today, jim. It is up 2x for the year and a lot of discussion about huber joe l jolie, and if they have found the answer to amazon. Well, that is very good and the gaming is the going to be good in the Fourth Quarter and we have new iterations, and i like gme. This is a remarkable turn, and sometimes you have to say remarkable. Some people have gotten it right. Joey has gotten it right, and shows you how poor
There will be a charge until we go through melissa oy. Here are very own charlie gasparino. We have wall street journals James Freeman and barrons Senior Editor jack haugh. Opportunity to make this right. I think first half of gm will be best sales opportunity. Pickup trucks are everything for these companies in terms of profit. Ford has a new pickup truck later in the year i think is the most radical overhaul of a pickup in decade. Melissa f150. F150. I would not want to be the in gm business of selling pickups after it hits the showroom. This recall thing has hurt their earnings. Melissa what do you guys think. Pickups where they make money. My colleague has an interesting column questioning is this why they didnt respond better with the cobalt . This is a moneylosing car they only produced to meet federal fuel economy standards. Are they really less focused on those than on the pickup trucks consumers actually want. Do they have an answer to the f150 . I dont think so. Keep in mind,