Buy greenland. In majore are off 1. 5 indices. The s p quelling back to 2900. The 10 year yield off its lows at 1. 8 . We did get Consumer Confidence data from the university of michigan that was a little disappointing. The 2 10 spread widening, although it is still narrow. Nvidia the best performer in the h p former 500, vying wit ge. Provides trips to game makers. It is bouncing back after an incredible decline yesterday. Guy lets talk about the incredible week we have just had to pay a tumultuous is one way to describe it. Entare joined by ubs investm bank Global Markets strategist. We will correct that in a moment. The week we just had, what is your perspective . I think the bond market is not giving us a signal on u. S. Growth. The biggest question we have 2 10 inversion, is recession in the u. S. This is a global fear of liquidity trap, making a bigger comment on europe and china than it is of the u. S. The fact that the u. S. Is the highest nominal yields aaa asset is the reason
Merger deal with pfizers generics unit. And disney domination. The studio breaking an alltime record for annual box office earnings, and of course, it is only july. So, theres a lot for investors to digest this week with stocks at record highs. Jim, coming off of those on friday, you were out, but a lot happened good to have you back. Thank you the starbucks calls kind of the emblematic of what happened this quarter. Starbucks had run big. So you had to figure, no matter what, how could it really move then it goes up big dollars because its better than expected, better than feared what were seeing are companies that we were worried about because stocks have run, and then the stocks do okay. So, this is a short sellers dilemma. Lets say youve been betting against companies because you truly believe theres been an earnings deceleration. If earnings just stay in line, the stock flies. If earnings are a little bit below, the stock doesnt do anything. Right. So, theres just this kind of bid
Quickly. Now we have to take a different path is a change coming . What will the impact be . It all starts right now. Heres scott wapner. Welcome. Good to have you with us on this monday our Investment Committee at the desk today jim cramer is the host of mad money. We begin with the countdown to the fed beginning its twoday meeting tomorrow amid Great Expectations that it will lay the ground work for an Interest Rate cut in july stocks rising over the past two weeks on those very hopes. Jim cramer, ive made you the chairman of the Investment Committee today. Thank you so much ive given you that title is it all about that its all about the fed i want to see monitoring, vigilance, cognizant concern i get any of those words in the statement, bingo you dont want to see patience thats the word they say will come out that could be wait until september. Did you say monitoring also i love monitoring they may be where you get to. We got those words then were fine s you get the new York Manufac
Bridge. The metering lights arent on for another 45 minutes or so. The time is 4 30. Back to the desk. Allie, thank you. We are watching japan in a stilldeveloping story where two people are dead and 16 other were hurt in a stabbing toke on children at a catholic all girls school. Authorities say it happened at a bus stop south of tokyo. Witnesses say a man in his 50s shouted as he approached a group of children and adults with a knife in each hand. One of the two victims killed was an 11yearold girl. Police say the man stabbed himself then and later died in the hospital. Most of those hurt are girls between 6 00 and 12 years old. Japans Prime Minister is offering condolences and promising to take steps improve the safety of children. Air force one is on its way back to the u. S. Right now after presiden memorial day weekend in japan. It was a visit full of pomp, c ktvus doug luzader joins us now from washington with a look at what comes next. Good morning, doug. Reporter good morning.
Commute really the commute has not started much at all. A good time to get on the road there. Highway 24 in lafayette getting busier but no specific problems that will delay you. The bay bridge is just starting to get slow. I believe the metering lights just turned on. That will add a little time to get onto the span. Give yourself an extra ten minutes if you have to get through this. One you get onto the span things clear up into the city. Happening today striking east bay teachers in the new raven Unified School District will be back on the picket lines. What do we expect to happen today . Reporter there was progress over the at one point yesterday both sides felt hopeful, but by the end of the day they could not write a deal. A marathon bargaining session broke down last night when the Teachers Association met with management for a total of 30 hours over the Holiday Weekend to negotiate about 12 hours yesterday. Both sides made some adjustments. The Teachers Association initially wa