Here the dow fell 300 points on word of the attack, but we are modulating slightly. Treasury yields and crude as well oil prices in just a moment. Tenyear note at 4. 58 the expected run to safety. The question is is this performative to show we are retaliating. The reaction in the commodities market the initial reaction was steep and then we pared the gains. Crude is 82. 57 the story is in brent which surged above 90 a barrel. Were back below the level right now. As for gold, 2 2,395 that is unchanged. Bitcoin had the same reaction as we saw over the weekend with the initial strikes from iran. We had bitcoin now higher at 2. 4 64,882 as we await the halving which is expected over the weekend. Lets get a live report from raf sanchez in tel aviv. Raf, good morning. Reporter melissa, andrew, good morning for a week, the world has been waiting to see how israel would respond to the barrage of the iranian drones and missiles. We have an answer this morning and it doesnt appear at this momen
Bank of america hiking its yearend s p target to 4,600 it had been 4,300. Also ahead, sources are telling cnbc that apple and goldmansachs have been planning the launch of a stocktrading feature for the iphone project was shelved last year after the markets did turn south. Could have worked on it mitsubishi you worked on it yourself no, im just going to make up a series of things because thats exactly whats called for. Well get to it with kate rooney in a minute lets begin with the markets ahead of the fed decision later on today are you encouraged at all by some of the action this morning . Look, i think that if you dont have a if you dont have a rate hike, and he talks tough, everyones okay so, if he talks anything less than tough, then we go back to that scenario where theres that holy 13 you get when theyre done i think theres a perspective that longer, higher, whatever, take off the higher, maybe a little bit longer, but theres a sense that the dont worry, be happy s p target piec
Doing much, much better . What happens when the u. S. Government surprises us and does something that investors perceive as being good for business like this tax overhaul that many of us gave up on happening. Day like today, dow rocketing up 332 points to close above 24,000 anz investors decided willing to pay more for stocks because good oldfashioned Companies Keep the surprises. In short, you have to abandon cynicism to understand this market lets go over whats happened. Show you what it takes to have this kind of rally, how many Different Things have to go right. Which shouldnt seem that out there. Theres only a 1. 4 move, sounds bigger than it is. Been tame lately 332 points it worth noting even as were getting overbought. In context, most strategists on the record have turned very negative on 2018, valuations are getting stretched. Not prudent. Need to start selling now because funds are too big to dumb everything december 31st. At the same time they need to outperform the average
John fortt is live in las vegas at this years Consumer Electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btigs managing director, andy hargreaves, Senior Research analyst. Good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. How much of a catalyst is ces this week . Theres always something that becomes the theme of the show, but it doesnt always necessarily translate into a lot of revenue and Earnings Growth we talked about Artificial Intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didnt really materialize in anything that significant for these companies. So its fun to see new products and hear a lot of the teams update investors to start the year off, but i wouldnt get too overboard on it impacting 2018 or g
Power lunch tarts right now. Intellectual leadership has been in the has here. Hes looking for ideas that good day, welcome everybody your money just keeps on growing, the dow, the s p, the Nasdaq Record highs yet again. Day after day, the s p and nasdaq have not ended on a down day. Work. So far this year bob pisani is at the nyse smallcap stocks also joining with the staggering stats and look at what is at stake for what will be a very big earning the party today at least same goes on for transports, up about a third of a percent season you would think it was time for a pause, and six straight up the tenyear spiking well above days we have some amazing statistics. At the close yesterday but wait a minute, its going to be even better well get you the numbers in a 2. 5 that is the highest left for few moments. With the winning. Crude since early may of three ec, thanks, robert, my old years ago, 2015. Producer for those stats im concerned about really high expect ache. The numbers are