After President Trump hinted at even more trouble with china two steps forward, one step back when it comes to talks of the next round of virus stimulus House Speaker pelosi told us it is thursday, july 23. This is Worldwide Exchange here on cnbc good morning. Welcome to wherever in the world you may be watching. Im Brian Sullivan another day, more records . Could be futures are higher up about 80 points nasdaq futures are up just about 1 all this after the dow closed above 27,000 capping off a threeweek win streak as it stands right now very early or Late Wednesday morning, the dow and s p 500 are on track for fourweek win streaks. If we get that, that would be the longest weekly win streak for the dow since november 2019 and for the s p 500 since december 2019. Now an even better one for you some good data there you might think it is all about the big five faang names maybe not. Take a look at the number of consumer stocks trading at alltime highs best buy, chipolte oreilly auto part
Explosion. Welcome to surveillance. Inm yousef gamal eldin dubai. Of, the riskon strategies it, but there is an interesting picture that is emerging here, the talk of a u. S. Capitol gains u. K. Jobsx, showing numbers as negative as they came through. That is being taken in stride. Up one point 72 on the stoxx 600. Real estate lagging. Now on a german data. Treasury drifting into a volume. 10year yield into a twoweek ,. 005. Commodity currencies have been advancing, but you are in a narrow range for your g20 peers, and gold at the moment, we are 1995 announce currently. Thes get now to some of other key stories we are following for you with bloomberg first word news. Leighann gerrans has it all. Leighann good morning, yousef. The number of britons out of work has dropped from april to june, and the figures highlight the economic shock facing the u. K. That is expected to escalate as the government gradually starts withdrawing wage support. Seriouslysays he is considering cutting Capita
S p 500 essentially flat year to date nasdaq up some 19 59 minutes left in the session, sara coming up on this friday afternoon, weve got a series of great gifts for you. Red finns stock was on fire the stock selling to have day on the companys cautious outlook as the ceo says the bottom codrp out on the economy were going to talk to glenn kelman in a few minutes. And then apple once again, the Biggest Public Company in the world, surpassing saudi ramco. Continuing the historic run. The market cap now sitting above 1. 8 trillion. Its up over 8. 25 well talk about what an investor should do with this stock next lets focus in on the big stories that were watching. Mike santoli looking at the market and the tech stocks surging to day kayla is looking over the next stimulus package first to you, mike. The story from the morning was that Great Results from the big four of tech did not really lift all votes did you have weakness. Sold a strong open the market firmed up in the last hour or so
O odssey capital we see stocks higher into a pivotal week for your money. I said one third of the s p reports. You have the big tech hearing on the hill you have a fed meeting you have stimulus negotiations whats on the line i think anything to go wrong with the next trillion, that would be a huge problem. Thats so done deal. Hopefully most of us hope it will be more focused effort. We dont money into zombie companies. We decide on what sectors will survive and try to support those. I think the earnings will be pretty good. Anything to do with consumer is still buoyant and will be intact tech remains the favorite of investors. It continues the grow and allow the economy to function and continues to digitize not just here but globally. Doints see a lot of downside going into numbers i dont expect any intel surprises nap was bad management im hoping the whacking stick will be coming out there when it gets back below 50 bucks, its buying opportunities. Those are the kind of surprises you
Its a mixed day stocks reacting to the vaccine news josh, it seems funny to ask the question about tech on a day i showed you the index is having a nice bounce back day since that index hit its high on monday, 13th it hasnt traded all that well what do you make of that well, were working on josh browns mike maybe he did that on purpose since its my first day back joe, do you want to take that same question . There we go. I was going to say this is going well so far. What i said was first of all, welcome back technology can you hear me i can hear you. Amazon was down 12. 7 . Amazon was down that its 1999 all over again understand that 1999, once the names like microsoft rolled over, they were in a multi year decline where technology under performed. Thats not the case well be witnessing right now lit be a pause that refreshes. The fundamentals are strong for Technology Technology is the economy and there you go today, youve got amazon recovering 6 of the 12. 7 decline it witnessed last