After results from alphabet. Microsoft the only megacap tech stock in the green even thats not much that much without it, though, the dow would look a lot weaker than it currently does boeing the big drag today. Interest rates very much the story, the tenyear initially slipping, but its moving back toward 5 . 4. 95, the highest level of the session. It takes us to our talk of the tape lets ask someone who counts many of those stocks as his key holdings, malcolm etheridge joins us right here. Good to see you. Good to see you are you going to tell me thats why i sold alphabet months ago what do you make of whats happening . Is this trait now . Serious trouble . I think whats happening is a little overblown really it shouldnt matter when it relates to their cobusiness the market has penalized them doesnt make a ton of sentence stephanie link seeing the pullback and buys the stock. Central question is the tech trade in trouble it is if it continues to go down and theres no buyers. The ques
Some of these names, court, have had a crazy morning already. Thats exactly right and its only going to get crazier. Next week is black friday, so walmart shares higher, almost 9 after another quarter of what the company is calling broad based strength so profit and revenue beating estimates. The retailer also raising its full year guidance to a range above the current consensus. U. S. Comp store sales up 2. 7 . Thats the best number in eight years. 13 straight quarters of growth there. Now, theres an estimated 30 to 50 basis point hurricane benefit with that stock up on replenishment or purchases after the hurricane, but even without it youd be looking at a 2. 2 to 2. 4 comp and that would still be the strongest in years. So walmarts u. S. Ecommerce sales contributed 80 basis points to the total comp pretty typical net u. S. Online sales grew 50 from last year that growth rate is down slightly from the growth rates of the last two quarters as anniversary of that jet acquisition that h
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
Go big or go home good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and here at post nine. Record highs on the dow and s p this morning all major averages having best month coming as the president addresses the Economic Forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more well turn to Michelle Carusocabrera in davos this morning. Hey, michelle. Reporter hey, carl, President Trump on a full court press to convince investors around the world to invest in the United States. Trump reiterated how pleased he is about the Corporate Tax cut, what it does for american competitiveness and how its leading to bonuses for workers as a result. I think that the tax plan has been even better than we thought. What did happen that nobody considered is that at t started, but they immediately followed hundreds of companies are giving thousands and thousands of dollars to their workers and now you have almo
Bret taylor is here. All of that is ahead on bloomberg west. To our lead. The biggest interruption and stock trading in two years. The New York Stock Exchange shut down for hours today on a Technical Glitch. There is no indication of a breach. Orders were forwarded to other exchanges. The exchange opened the head of the closing bell. Big concerns about china and greece, a selloff. Was the malfunction a natural outcome of highfrequency trading. I am joined by cory johnson. Matt miller and cohead of equity trading, as well as joe greco. Walk us through what happened. At 11 32 a. M. They have proms with the Financial Exchange system that it uses to allow buyers they had a problem with the Financial Exchange system that allows us to speak with buyers. It didnt work and they had to stop trading. They canceled all orders, sent them back to brokers. They did not reopen until three hours 40 minutes later at 3 10 p. M. It was the longest halt on the New York Stock Exchange for a Technical Glitc