It was the big gainer. It closed at an alltime high. Tech has been leading the way. Sales force, facebook, taketwo and qualcomm at record highs you have to watch one stock in particular apple. After more than 10 gain on friday and thursday night, it closed up 2. 5 to an alltime high percentages away from hitting the 2 trillion market cap that 4 to 1 stock split is hit that price has to sit 477 not far off. Weve been talking about the pressure that has been put on yields in the treasury market. Right now, the 10year note at 0. 45 . Scott . Becky, im listening to you talk about tech and these companies. We have to get ready to talk nasdaq 11,000. As crazy as that would sound, we are on the doorstep. In spitting distance, basically. Unbelievable. Largy carri largely carried by these big five apple, amazon, facebook and alpha bes alphabet and microsoft looking back in march, would you have thought we would be talking nasdaq 11,000 by summer . No way. There is reason for it if you look at s
Tea leaves boosting stocks china says trade reps are in close contact with the u. S futures do point to a second higher open. Plus, putting mergers on notice Elizabeth Warren drafteding legislation to reverse mega mergers. And a shakeup at united airline, oscar munoz stepping down president scott kirby will take over next spring we do have breaking news on gm for that we will go to phil lebeau in chicago. A busy day, phil. Reporter it is a busy day, phil General Motors announcing it is forming a joint venture with lg chem the two companies will be creating an electric vehicle battery plant in northeast ohio. It may be if lorn lordstown or outside lorsdtown where gm used to have a plant. They sold the plant earlier this year gm will invest up to 2. 3 billion into that joint venture with lg chem located near lorsdtown, ohio and create up to 1,100 new jobs this is a move many expected they talked that it had plans to add jobs in northeast ohio we will talk first with gm ceo mary bar repor
Press secretary America First sean spicer, payroll tax cut exploration and the mayor of el paso, texas demargo to talk immigration. Preview of trust open which begins tonight with the opening the opening party, you dont want to miss a moment of it so do join us. Breaking news, home depot is out, Ashley Webster with the numbers, ashley. Ashley good morning to you, match, earnings per share coming at 3. 17, that beats the estimate of 3. 08, revenue touch short, coming in at 30. 84 billion, estimate 30. 9 billion, samestore sales up 3 , u. S. Same store sales up 3. 1 , lumbar prices are affected declined significantly compared to last year for home depot, impacted the sales growth, approximately 3. 1 from fiscal 2018, Sales Guidance for the lumber price, so the cheaper lumbar is helping the numbers for you, those are the headlines for you, they have said before, maria that the tariffs, if they continue in the current form could cost them, home depot about a billion dollars each year, that
Street that the Federal Reserve is likely to cut rates as soon as next month. With stocks back at record highs do you trust in the fed and keep pressing the buy button, guy no. I know it is wedding season dont use this song. It is amazing she is in my head if you are thinking about playing this song, dont do it. Theres no circumstance this song should be played at all. Sounds like he played it at his wedding. No, i didnt. Anyway, back to the record high. Yes, label me skeptical listen, lets go back a couple of months and i thought the s p 500 would get down to 2650 it got down to 2730 so i was off there. Here we are. I understand why it is happening, and frankly the reasons dont matter if the market went up and you were long you made money and thats the bottom line i will tell you, label me skeptical with 24 of global sovereign bonds with negative yields, with gold making a fiveyear high, seemingly breaking out to the upside, with utilities making alltime highs, with every asset on the
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w