What. Orange mocha frappuccino. Dan nathan says starbucks lays out a breakout. He tellsyou how to keep from getting roasted in the hot trade. Options action starts now. Welcome everybody lets get after it the dow surging more than 330 points today the s p 500 erased losses the rally following a better than expected jobs report the records across the board, apple and alphabet, both hitting alltime highs and added to the red hot run and if you are betting on the bigger tech takeoff we have a way to play it in the money with mike khouw take it away, sir. You know its interesting we got the payroll report today. Obviously the markets responded very favorably to that but i think actually we got some clues that we had some significant strength in the market earlier this week when the trade news which was definitely not positive didnt knock the market down much further. We were talk bag this before we began the show that was news. If you consider that was one of the key stone elements propell
Potential progress on trade between the u. S. And china liftednvestor sentiment. Lets get to the closing numbers. Averagejones industrial was 30 points, to 27492. E nasdaq up 1 and the s p fell 3. As weve been reporting a handful of stocks are responsible for much of the market gains. But as bob pisani reports that could be about to change. The on the record highs weve been riding a broader breakout that may be near. Onlyth 10 o s p at new highs right now. Six of the seven biggest stocks s p outperforming, apple, amaze be with google parent alphabet but that could be changesing. A handle handful of names are just below new highs close enou to get mor move up in the markets we could have significant expansion of new highs. Big names on the list, pharmaceutical Companies Like glaks o and merck. Discounters lie walmart. Homempvement by home depot and home kprochlt names names. The rally Energy Stocks in the last few days process. Why energy . Partly because the rally has been broadening.
Better than sxiktestimates. Road map begins with slowdown concern, tariffs and decelerating Global Growth weighing on the economy in q2. Top white house economic adviser larry kudlow will join us first on cnbc. We have investors buoyed this morning by strong earnings from tech giants such as alphabet, twitter, and intel all of those stocks pointing to a higher open. And starbucks rallying as well as sales surge. The coffee retailer raising its outlook. Kevin johnson joins us first on cnbc this hour futures are higher on those upbeat earnings. Gdp did slow to 2. 1, but beat expectations earnings big picture today googles parent beating big on both the top and the bottom lines. Twitter also beat the street, reporting 139 million monetizable daily users, more than the street had been looking for. Biggest number in about two years. Amazon did miss on earnings, revenue was ahead. First time in five quarters that amazon did not post a record profit, taking a hit from shipping costs the thesi
The nasdaq got spanked and slit 1. 6 but the average value 29 points in an it is passion of the upcoming rate cut, the first in ten years allow me to set the stage, on wednesday fed chief jay powell will give us the read on the economy and announce a quarter point rate cut to breathe now life into a business situation for many different industries. I know there will be sticklers that say with unemployment with the lowest level since the 1960s, it is ridiculous for the fed to think about cutting rates. Others like President Trump think a 25 basis cut isnt enough the president endlessly tweeted the Federal Reserve is way too tight monitory policy has been holding back the economy did it again today when your Interest Rates are too high, the currency gets stronger versus the rest of the world our rates are much higher so the dollar is very strong and makes the internationally Oriented Companies far less competitive and can hurt the Auto Industry and housing industry both of which are weak
What took you so long . Im sorry, there was a long line at the thai place. You get the sauce i like . Of course youre the man i wish. The future isnt scary. Not investing in it is. Nasdaq100 innovators. One etf. Before investing, carefully read and consider Fund Investment objectives, risks, charges, expenses and more in prospectus at invesco. Com maria welcome back. Good tuesday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo. Im is tuesday, april 30, 7 01 on the east coast. Mcdonalds earnings crossing the tape right now. Lets get to cheryl with the numbers. Theres a lot going on with this report, stock is down 2 and a quarter percent, they missed on earnings per share by two cents, came in at 270, the street looking for 272. They had a slight beat on revenue. They say the consumers are tightening their spending, lower than expected sales growth is the problem here. They also said that global same store sales growth of 1. 9 , which is below analyst