Lot of movement there. Oil still in many ways, im going to say it, key to the market. Yes, yes. He agrees. Totally true. Im glad i i wasnt sure you would agree. There we are. Crude at 76, brent around 80. Big meeting this week. Big meeting this week as well. Our road map this morning and it starts with markets. S p looking to its 46th, 46th record close this year. The dow looking for its 29th. The nasdaq looks about 7 off an alltime closing high from march 2000. Yeah, i remember that. Gas prices fall fog fouryear low. Opec preparing to meet this week. Raymond james weighs in on chevron, exxon, hess, occidental. United technologies announced the chairman and ceo is retiring, effective immediately. Ill tell you whats next for the company, who the new ceo is and ask questions. Not sure we have a lot of the answers. Lets get to the markets. For a sixth consecutive week of gains. The 45th record close of the year, the dow its 28th, nasdaq, as we told you, new 14 1 2 year high, 6 out of 10 s
Again, as you probably know currently 49. 60. Tenyear yield below 2 . Apple making history once again. First u. S. Company to close with a market cap above 700 billion. Hours from now, greeces finance minister set to meet with eurozone counterparts in hopes of striking a debt deal. Pepsi beating the street. Pepsicos Financial Officer hugh johnson will join us in a few moments. Apples making more history, becoming the first u. S. Company to close with a market cap above 700 billion. Two, exxon mobil, 385 billion. Apples ceo tim cook attributing the success to rapid growth in china. Also announcing partnership with first solar to build 850 Million Renewable Energy farm in california, jim, in monterey county, where theyre going to power not just own headquarters at data centers, retail outlets. Ive always liked first solar. Glad hes teaming with them. Used to be high cost producer loes cost producer. Tim cook making a good engineering move. A lot of different things. The companys doing gr
American retailers struggle as weather continues to impact sales. Luckily shareholders get a buyback. Credit suisse pleads guilty and the stock is up. Paying billions in penalties for helping americans avoid paying taxes. Your Swiss Bank Account remains a secret. Gopro, go big, go public. Wearable cameras. 1 billion in revenue. One extreme ipo. First up home depot reported First Quarter numbers, 96 cents a share, that was a miss. Revenues shy of consensus. Frank blake the ceo says the quarter was hurt by a slow start to the spring selling season but adds the retailer had solid results in nonweather impacted markets. For the full year home depot is maintaining Sales Guidance and raising earnings per shaforecas. Comps 2. 66. People looking for something with a 4. This was disappointing but i want to see the linearity. Sometimes you get situations where you have a couple really bad months and they actually can make some of it up. The spring selling season is some people think their christ
Youll hire people without de mapped . Invest in new things. Create new demand. You spend joe kernan, you spend. We appreciate it. Thank you. Right now its time for squawk on the street. Im melissa lee live from the new york stock exchange. Lets see how were setting up on this monday morning session. Apple may be away, but we got a rally from china overnight. As for the picture in europe, the euro, we should note, is hitting 11month highs against the u. S. Dollar. Marginal changes on a percentage basis. A road map this morning starts off with apple. Even more doubts about the demand for the iphone 5 sending shares below. Did you see your paycheck on friday . The payroll tax hike obviously kicking in for Many Americans. Felt like a pay cut. Will this be a temporary shock or a headwind as stocks hover at fiveyear highs. Ubs achoirs tnt after a commission throws up road blocks. To the top story. In the premarket, weve seen apple shares fall below 500 for the first time in 11 months. The te