And banks push back on the fed which appears to now be on board. Forget the weight loss wars, the big drug that Johnson Johnson is betting on. Its monday, may 20th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. It is great to be right back here at cnbc hq. Great time in london. Weill b well bring you more insights from that trip. Hell talk about that later. Well start off with the check of the futures with the dow set to open above 40,000 for the first time ever. The major indices all in the green right now. The dow looks like it would open up a few points higher. That pushes us into the 40,000 territory. The nasdaq moving the highest. With the averaging os riding the win streak, Goldman Sachs is up right now. We are looking at Applied Materials annnd walmart and Tractor Supply as well. We are checking the bond market with the week of economic reports and durable goods and home sales. The benchma
Rebounding from the downward dog days, and bitcoins big bounce, whats driving the crypto climb, and a serious snap back for snap. I havent gotten to you guys yet. Is it a surge or just just poof, just disappeared like that. Im Tyler Mathisen in for melissa lee. On the desk, dan nathan, and guy adami, we start with the market jump. The dow up 314 points, blue chip index now up six of the last seven days. Nasdaq and s p 500 bouncing more than 1 , wall street embracing earnings season optimism and shrugging off those rising treasury yields which were higher today. Among the biggest winners, retail, the s p retail etf rallying almost 3 , solid rebounds, since its been down nearly 8 over the past three months. A lot of those names really limping. Another encouraging move higher in transports, rising 2 today, transports struggling since hitting 52week highs over the summer. And these gains today came even as yields ticked higher, so could this be the start of a seasonending melt up for the m
Visionaries driving change in Silicon Valley and beyond. Caroline we will be speaking with the seals of arm and more as part of our special. Ed we will push ahead to our keynote speakers later today that include evan spiegel and more. Artificial intelligence is probably the overriding theme of the event. It is ai everything, even in some cases if you are not an ai company. Caroline if you are not the ai company, you will think about how you can adapt to it and bring out the productivity. How do we live up to the hype . The valuations are extraordinary. They have been heavy in the public markets. We have seen real use cases. Ed these events are always very interesting and very engaging. Everyone is very positive. In the background there is a talent wall and people are running out of cash. We have to ask difficult questions. Caroline and geopolitics. How are you navigating the issue of china as well. So much talk about. Here in the now we are talking about one key infrastructure plane wh
Ahead of the open on the unexpected and welcome profit beat. Getting set for the latest on Consumer Prices and what it could mean for the fed decision next week. Its friday, april 26th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us on friday morning lets kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the First Quarter earnings season. Look at the beats. You see they are in the green. Nasdaq up 1 the dow looking like they would open 60 points higher. S p up. 75 . The big story is big tech led by alphabet and what you could call a triple crown Earnings Report First Quarter revenue and net income ahead of estimates. 17 billion in Free Cash Flow announcing the Quarterly Dividend and 70 billion Share Buyback program. The stock is popping af
Dream of rate cuts either further out of reach or maybe later in the year. Were going to find out. Weve got a great panel to kick things off in the meantime, here is your score card with 60 minutes to go in regulation. Green across the board, dow, s p, and nasdaq up the nasdaq is up 2 . Hard to believe but true, nasdaq on pace for its best week of the year in fact, best week since november and we had a huge selloff at one point yesterday. What a turn around my neck hurts from the whiplash. Comes of course from what else, big tech microsoft and alphabet moved those names and the markets higher amazon, it is also up ahead of reporting their results. Next week. All of this taking us watching and listening in person to our talk of the tape. Is this snap back in stocks here to stay . What a panel eric johnston, kourtney garcia, and brian levitt kourtney, of course, is a cnbc contributor. Thank you all for being here whats your take on this i mean, its hard to believe best week of the year,