Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Now the ceo of juul is out and tobacco giants Philip Morris and altria call off their merger talks. The Political Risk for stocks, futures pointing to a muted open House Democrats move on impeachment and what the turmoil will mean for ongoing u. S. china trade talks. New products driving sales and double digit growth in china. Big news regarding Philip Morris international and altria. The two companies deciding to end merger talks juul is announcing that kevin berns is stepping down as ceo. It will suspend all broadcast, print and Digital Advertising in the United States as regulators have launched this crackdown on vaping products. Meantime, altria tightens their guidance for the year. Reaffirms domestic cigarette volume down 5 to 6 but it does seem like juul is entering a new chapter here as they try to get fda approval. I think if the fda cares about where was gottlieb on this cnbc contributor why didnt he shut this thing down we cant get cannabis passed in this country we let juul
Now street high. John correctly predicted the rally last year. Joining us at post nine. Great to have you with us. Great to be here, melissa. What was that moment when you said, i have to go to street high of 4900 it occurred a few weeks ago we held back, waited for Economic Data to cross the transom, whether it was last months jobs or the prior months jobs whether it was the continuing claims or whether it was initial claims, what have you. And then the gdp number, i think, really added to confirmation we saw last week that there is strength in this economy, that the fed has been remarkably sensitive even though on a nominal basis the hiking has been aggressive when you consider the inflation, dangers to free money of the system where bond issuers dont pay for the privilege of borrowing money. This is a normalization process. A big shock generationally to many people who were not in the markets in 2008 and may have been this high school are now in their 30s. But the reality is, for th
Heres another factor. The all important Big Tech Companies announced their Financial Performance in the next two days. Theres a few nerves here. Any disappointment would upset the whole a the cart. We should also say that the market is due for a setback after 15 month near straight up rally. Well thats money. Now politics. Tonight, the state of the union speech. The as the is cleared his schedule today to prepare hes likely to sell his growth plan and maybe reach out for a bipartisan immigration deal. And heres the news that is truly rocking the world of politics. The memo, spelling out reportedly deep state goings on before and after the election. We may get to see it. The fbi director read it and promptly got rids are of Andrew Mccabe fbi guy at the center of the memo. Money and politics, what a day. Varney company is about to begin. Have we got a big deal to report right off the bat . And it is moving the whole market. Amazon Berkshire Jpmorgan they are teaming up to create a new co