Seasons bubble as the league finds success making the season happen and insider buying two names that have c suite executives going on buying sprees they have been on the money so far. This is Worldwide Exchange here on cnbc welcome. Good morning, good afternoon, good evening from wherever in the world you are watching to end your week on a friday morning. Now how the markets are setting up your day. Futures are well in the red. Down 192 points the dow did fall yesterday 80 points, the as well. That was after the record high earlier in the day if the s p 500 closes at a record, it would be the fastest recovery from a 30 drop in its history. We are not there yet but we are getting close. All three major indices are positive for the week at this point with the dow leading charge at 1. 5 futures are down but it could look like another positive week. The longest from back in 1992. There is a lot to get to today lets talk about global trade. Karen tso is in the london news room with more we
Business owners are already facing after months of lockdown and ceo response social issues facing Corporate America and the companies to do the right thing. It is tuesday, june 2. We are watching Worldwide Exchange. You are watching here on cnbc. Good morning, good afternoon, good evening from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us wherever you may be. We hope you are all healthy and safe optimism from the markets looking ahead. Thats what the stock market appears to be telling us some investors clearly believe in 9, 10, 12 months, the economy will look very different than it does now with 40 million out of work and many states in various lockdown stock futures right now are higher indicating an open of 100points to the upside. Indicating at the highest level. About 3 to the nasdaq 100 hard to believe. They all rose overnight as well. A similar story. The markets are higher despite the protests that began here and now happening in various
Momentum, court . We heard about a lot organized retail theft i was there as Law Enforcement broke up rings after rings steal from stores and resale online. We have some amazing video to show you but first a quick check on the markets here at about 2 00 as tyler said, the markets more or less shrugging off that cpi report that came in in line but still hot, i would say nasdaq composite leading the way again up by 1 s p 500 higher by . 9 shares of nvidia bouncing back strongly today yesterday we told you the stock had fallen 10 from the peak it had hit on friday morning. At 974 a share. So right now just a touch over 900. Meta also rebounding today, getting back much of the ground it lost yesterday when former President Donald Trump called it an enemy of the people lets bring in a friend of everyone, Michael Santoli now for more on todays Market Reaction to the cpi. No enemies. Hey tyler. Hey, mike. The core cpi was warmer than expected and the market had a little wobble on that. In gen
Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largecap s p 500 index. Well put a star right there right now. At one point, it was as high as 5156. Its currently up 1 . The dow is the laggard on the day, just up maybe 1 3 of 1 , 120 points to the upside, 38,781. But the real outperformer is the tech heavier nasdaq. Not a record yet, but darn close. Its up roughly 1. 5 , 231 points to the upside. 16,262 the last trade there. Meanwhile, check out some of the earnings movers. A check on the consumer economy. Supermarket giant kroger, you can see here
Satya nadella is wrapping up his keynote address at the companys build Developers Conference. The shares hitting alltime highs today. Steve kovach joins us from seattle with more. Steve . Reporter hey there, kelly. Yeah, were here at the tail end. Right now we have microsoft cto kevin scott on stage, giving a lot of demos of chatgpt 4. 0. That is, of course, the new language model that chatgpt, open ai launched last year, the one that lets you have these natural conversations. Were also looking, friend of your show, khan, from khan academy is on stage talking about the tudoring benefits. And this is really the big theme of this Developers Conference is giving developers these the latest and greatest tools to run on microsofts azure cloud, like i have been saying for so long. That is where microsoft sees the most financial benefit so far from all this Artificial Intelligence boon. These developers in the room, about 4,000 of them down stairs from where im sitting, theyre the ones who ar