Problems. Later on in the show, one day after scrapping the ev ambitions, apple now is getting set to disclose the plans for Artificial Intelligence. Well have to wait to see. Its thursday, february 29th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the trading day ahead. The last day of february. The check of the u. S. Stock futures after a lower session for stocks yesterday. You see futures are in the red across the board. We are keeping a close eye on the dow. It would open 125 points lower. Well continue to watch that throughout the morning. Despite the weakness, the major indices are on pace for the fourth positive nomonth in a ro looking back to november 1st. 17 and 24 during that period. Nasdaq leading up over 24 . We are tracking the broad market leadership with stocks lower for the week, but 66 s p names trading at 52week highs. We are talking home depot and costco andping t
Stocks not doing much. Revenue forecast, certainly concerning. Well talk to jim a lot about that, and well talk a lot about snowflake. That stock is down dramatically this morning, both on guidance and the news that its ceo, Frank Slootman, will be retiring. Suboptimal. Yeah. Suboptimal. Lets start with the inflation data, sort of get that out of the way before we move on. Whats your take on this pce number . In line is cool. Thats the way i look at it. I think that there were a lot of people who thought after the cpi this one would be bad too, and when you look at the progression of the s p futures, david, it really is incredible how negative people are underneath. I mean, when frank was on, frank holland, this morning, he saw the futures just sinking as if the it was a foregone conclusion that the number would be too high. We keep seeing that, which is, i think, one of the puts underneath the market, is the actual negativity of the futures. Interesting. And to your point, there is th