Chips. The chips in this bag and the chips on this rack. I know it sounds like i agimmick. Maybe it is. But if you understand the zeitgeist of this market, if you really want to get it, these two types of chips tell you a great deal of the drama going on in the stock market and in the entire country. So on a good day when the dow advanced 130 points, s p gained 1. 03 , nasdaq jumped 1. 51 hallelujah allow me to explain. Lets start with these chips, the semiconductors. Right now theres a veritable feeding frenzy for the chipmakers. Investors cant eat just one. The etfs are going crazy. Buyers are chomping down on this stuff like piranhas in the amazon basin. Nvidia, obviously the not disputed leader of the group is up 87 year to date and 757 from its lows just 17 months 757 , people. On the other hand, though, this bag of chips is under assault. The price of a bag of potato chips has risen 45 while the cost of producing them has increased by about 40 over the last few years. But unlike
Rishaad a day of optimism. Record highs again for the big three. We will go into detail on the little later. This is an ultimate trading week of the year. We are malaysia, taipei, singapore, all starting the session. Positivity being the watchword. Sophie it is the watchword, indeed. Climbing in sydney, singapore, but malaysia is coming online in the red, down. 5 . Take a look at the big picture. We have bonds on the retreat. Currencies are mixed. Gameng on to last weeks gain. The korean won is leading gains. Is sticking and a narrow range. Japanese stock is fluctuating this morning. Cindy shares headed for the strongest growth since january 2008. Little change after the rba meeting minutes. Seeing we could also be we have not seen these levels since 1991. Sophie when you take a look at the big picture, when you take a look at the japanese equity contribution to the regional index, that will help fuel the fire for the regional benchmark to surpass last months record. When you take up t
After years of bleeding red ink. At one point the companys founder and Ceo Jeff Bezos was the richest man in the world and then he wasnt. Thats because the stocks fell. Amazon earned 40 cents a share. Good but wall street wanted 1. 42. The big number jump 25 to 38 billion in the quarter. Shares initially fell following the results. Deidre bosa has the maybe takin away for investors. Reporter its profit engine is slowing as the Company Continues to spend big. Aws has become the most profitable business segment for the entire company but over the last now nine quarters growth has been decelerating as microsofts rival business azure has boomed. Amazon continues to invest in new markets like india and new businesses and products. That may not matter to investors. Amazon and jeff bezos are known for making bold investments even at the expense of profits. Looking forward, investors will want to know when and how those Big Investments will want to pay off especially how the whole Foods Acquis
And later, exclusive access inside the 50 million mansion that tequila built. Break out your saltshakers and your lime wedges because power lunch starts right now. And welcome to power lunch. Im melissa lee. The record rally rolling on. The dow, s p and nasdaq, transports all hitting record highs in todays session although were take a bit of a pause right now. Sps and nasdaq just off the highs. If the dow holds at this level it would be posting its first threeday winning streak of the year. Im Brian Sullivan along with michelle carusocabrera. Know whats not hitting records . The mexico etf. The eww. That is falling hard on the news out in the past hour or so the mexican president will cancel his planned working Group Meeting with President Trump that eww down 2. 3 . That meeting was supposed to happen on tuesday. We are also awaiting President Trump. Hes about to speak in philadelphia. The big republican retreat. We will bring it to you when he begins. Its going to be the first we hear
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