Potential bankrupt ceos. We will talk about the economy, cost and growth. We will sit down and speak with both executives within the hour. From new york, i am alix steel, i almost said london, did you hear that . I do want to point out was happening in the nasdaq. Guy you think about the names reported over the last few days, alphabet, we are waiting for amazon to see what happens there but we have a pretty good picture of whats going on here and it will not be as positive as some would suggest. Alix were looking at the cloud picture and we will also get the retail, there is a strong consumption number. Guy she wants these rate rises to have an effect. How much patients can power will have with these kind of numbers . Alix how sad could 04 point 9 growth target really be . Guy how much of that will run out of the Fourth Quarter . Some of it will have to come out of the market. Alix we have been saying that for like a year. Guy lets talk about where we are, what we have in our pocket. T
Coming up. We do have quite a rally with the dow in particular. The transports continue higher all the major averages are in record territory. We also have big calls on the Airline Sectors today and the banks as financials get set to report. Were heading into earnings season well have you up to date on those. Lets start on the floor of the new york stock exchange, mr. Robert pisani joining us with a recap of whats going on as we get ready for earnings, right . Yeah, a lot at stake here, but sixday winning streak, just six days in a row since december 17th p nasdaq has the best sixday winning streak since the end of january 2016. Were starting earnings on friday, there are very High Expectations thats my theme. A shortterm risk. The markets. Just on earnings, analysts are much more optimistic we hardly got any last quarter here were expecting bigger beats, not by a penny or two pennies but more than that if youre disappointed youre going to get hit more. Also, we have guidance here. Now
We will tell you what happens straight ahead. First commercial grown delivery, markets looking to rebound from yesterdays fed selloff. Take a look, dow industrial up 50 points as you see. Nasdaq and s p also higher this morning. In europe investors are waiting on the bank of england this morning. A decision expected this morning. We will bring it to you as soon as it hits the tape. Meanwhile dax index of twothirds of a percent. The ftse in london down a fraction. In asia fractions lower, nikkei up a fraction, staying in positive territory near yearly highs. Hang seng down one and three quarters percent in hong kong. Finally here, star wars rogue, we have sneak peek, promise no spoilers. Mike huckabee is here, peter. Nice to be with you. Maria so nice to have you onset, governor. I like your holiday tie. I only get to wear it occasionally, so here it is. Dagen i wore red for you. Thank you, darling. I appreciate it. Dagen we argue but we love each other. Maria technology meeting, quick
Some losers and render decisions about where to put your money. Averages are bouncing a tiny bit today. S p inching up. And nasdaq. Remember a few weeks ago when i told you that the s p 500 os later i follow, the one that measures the buying pressure was giving an overbought reading of plus 10, indicating excessive buying and it concerned me . Back then i said the market would have to work off by a selloff or decline over time. The market chose the latter path. And weve now gotten to the point where its no longer unsafe at any speed. Im not saying just buy anything. After a shallow advance, the dow produced seven losing sessions. The bull market was lucky that it wasnt more damaging and permanent, because every time the market takes a sharp turn down, more people flee. What looks more promising . I see the humanization of pets, semiconductors of all shapes and sizes and the steel stocks. How about those to avoid . The retailers, super markets, restaurants and airlines and travel and le