How apples shakeup is driving the blue chips plus the online surge, best buy notching is 242 gain in ecommerce sales in the Second Quarter but can it last . Trade optimism, u. S. And china officials reaffirming their phase one commitment, the s p is poised to add to its record run. Jim, i saw you last night mentioning those changes to the dow and your general point was dont be fooled in thinking there is as much money indexed to the dow as to the s p. We said that last night, its been the theme all morning and theres been no sellers. One of the reasons theres been no sellers are the people who are now trading stocks in early hours have tremendous conviction in the face of being wrong its rather incredible because the hubris of these people they must think dow jones has a lot of money to it and it has to come out of exxon and into salesforce david, you have been at the forefront of the network in explaining the nature of the dow and you see this, too. Arent you shocked that even after w
Also janet yellin saying maybe the Federal Reserve should be allowed to buy equities directly maybe they should be able to were going to talk about the markets all show long. And see if were getting getting around this area well look at where we understand with the indications. And where we think we might be in flat thing that curve waiting on tim seymour as well, tony dwyer will join us too, it is a big market day. Lets begin now with these markets. Guy adami, i have a statistic for you that i think may move you given the kind of weeks we have had in the moveup, the qqq well talked about on this fine program, is it now higher year over year. I mean, some of the its amazing what you can do with numbers, i didnt know that and thank you for sharing that, and happy monday to everybody. This is a good day, and listen i think you can take some glimmer of hope from that absolutely tims joining in, and hes been optimistic, which is good. Dan has a longer slew that he will share about where th
Demand look like . We discussed that with the ceo. Im katie greifeld, in new york. Welcome to bloomberg markets. Its not exactly the big riproaring rally that we saw last week at the end of the week, but take a look at the s p 500 and its green right now, currently up. 3 . The nasdaq 100 with mild gains, i would call them, up. 2 percent. A different story if you take a look at the Philadelphia Semiconductor index, up. 4 . In video this morning is down, so maybe that is weighing on the broader index right now, and we will of course get into some Semiconductor Earnings this week. Before we get there, lets start with tesla. Its going heiner higher after elon musk paid a trip to china. Receiving tentative clearance for Driver Assistance Software in the worlds biggest auto market. Crank joins us now with the details. How much work is tentative doing in that sentence for approval . We know that there are some conditions that tesla is going to need to meet to bring this to market and that the
For you on that. And rolling out the red carpet, denver one of a dozen u. S. Cities now battling to be amazons hq2 were going to go live to the mile high city with the governor of colorado. Power lunch starts right now Rocky Mountain high colorado Rocky Mountain high welcome to power lunch. Im melissa lee. Tech leading todays record breaking chart the s p 500 topping 2,700 for the First Time Ever. Commodities on the move as well. Crude above 61 for the First Time Since june 2015 platinum by the way highest level in more than five weeks. And gold is trying for nine Straight Days of gains nat gas taking a hit today with prices up 10 in the past week as tyler mentioned this record breaking cold really causing people to stay inside. Shares of scana up South Carolina residential customers will get an average of 1,000 within 90 days of the deal being completed, brian. Melissa, thank you im Brian Sullivan as much as the world focuses on trumps tweets, lets stay focused on your money. And can
The board of for you, if we can. Staggering numbers. 52. Down 1. 28 . The implications is being felt in other asset classes. Lets talk about what is happening. U. S. 10 year, some they 2014 could be painful in 2015 as well. The u. K. Gilts, we will have data out and 9 30 a. M. Its a solid push below and equities taking a knock. Thats on the back of Energy Stocks. And the ftse down by 5 . The 30 day of declines the third day of declines. The number of the eurozone better than expected. Whether that data is enough to move the dial given what crew has done, we will have that story. Ryan chilcote, what exactly is the benchmark we are looking out for . How low can it go . Really, brent, the global benchmark, we saw wti fall below 50 and that is the u. S. Benchmark. When we see brent hit 50, we know we have a real global story and perhaps a oneoff u. S. Story. When is that going to happen . That is anybodys guess. What i cant tell you is in the financial crisis, we saw brent cut touch fortif