Protect the u. S. Auto industry. It may have progress toward an all electric market. But, first to check on the markets in the av space. Neo shares are up on an upgrade from j. P. Morgan. This one is getting lots of attention lately. Not just rallying this week. Hitting a record high, interesting massive volume and interest. The meme stocks pulling back today. Deep into the red. The data change losses driven mostly on news. Issuing 23 million new shares. In the magnificent a 70 tf hitting is highly level since inception in april 23. Currently, up a little less than 1 . The dow is up nearly 300 points. It is in about 160. Of 40,000 for the first time. S p up 1 . Nasdaq nearly up to hundred points. We may have alltime record high closes today. Looks like it. Those moves are being fueled by the cooler than expected Inflation Report out this morning. Here to dive deeper is james number two. Chief Investment Officer with mainstreet research. And kathy Senior Vice President and chief economi
Beijing. We will take you there coming up. Later, not just for boomer, the new generation that is getting the gold bug a big week for a semiconductor not named nvidia have a coke and a smile. More on the giant. We have tim seymour, and Karen Finerman here with us. And the penny pinching consumer, news today that the fast food giant mcdonalds is getting ready to introduce a 5 menu to help pull diners back into the stores after the Company Posted the first earnings miss since 2022 in the First Quarter. 2 cents below estimates. The Revenue Growth the lowest in a year mcdonalds shares have been struggling since the report but got a boost after todays news as investors seemed to welcome any relief for consumers after all, sentiment falling to the lowest level of the year, according to the university of Michigan First reading for may and next weeks cpi report, if it comes in hotter than expected for the fourth month in a row, that adds to the pressure. So is there any relief in sight for the
Front and center and for us to consider. How do you see things now . I see things as a safe haven trade is in place. I still look at the environment and see a disinflationary trend and slower Economic Growth and the horrific growths of the weekend do nothing to reverse those two conditions. Thats what i see in front of us. I believe bonds over equities is where youll see more of the valuep opportunity, but within the equity market you still have the areas where there are strong tailwinds and we know thats the magnificent seven. You can make the case that energy is making a little bit of a comeback there in that regard an the defense stocks. Most immediate, im glad you brought it up, forgive me for cutting you off, but i want go there, you bought the ita . I did. We had maintained position in the quality momentum strategy to both Lockheed Martin and nor Northrop Grumman over the last several years. We exited those positions. Nothing that could be effective in that strategy until the end
Amgen doubling down. The stock is surging. All buffett all the time as we tee it up for the annual Shareholder Meeting. It is friday, may 3rd, 20t24. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. We are coming to you live from cnbc london. Lets kickoff the hour with the stock futures after a positive session for stocks yesterday. The dow posted the best day since late march and nasdaq closed higher by more than 1 . It is all about the dow. The dow looking like it would open up 250 points higher. We cannot talk about the futures without talking about apple. Shares are rallying in the premarket and accounting for 65 points. The dow premarket gains with apple shares up 6 . A blowout report. Record Share Buyback. We will talk more about apple in a moment. We getting saet for the april jobs report to see if the fed can begin their easing campaign sooner than later. Nonfarm payrolls to come in at 240,000. Look at the treasuries. The benchma
To me personally, he remains the father, mentor, comrade in arms and my leader. We must to say thank you to them and trust that our history will grant him his proper place and a chord him his deserved distinction as one of the Founding Fathers and leaders of our nation. Let me also recognise in a very, very special way, the present in our midst of senior statesman of our region and the continent. Led by the president ial candidate of zambia, he remains the only living member of the foundational front line stage party which is anonymous with the decolonisation process in our region. Synonymous. We honour him as indeed we remember all his collea g u es as indeed we remember all his colleagues now departed. The statesman who are with us today show a story of success. May i repeat that. Show a story of succession which speaks well of our continent. It isa which speaks well of our continent. It is a narrative that must to get bolder and bolder. As generations hand over to succeed than once.