We will have those numbers. Lyftber andt went public. They turned 46 so far this year. The last time i saw these types of gains, 2009. When the index returned 60 . To break down what is driving this, it is mike reagan. What is feeling this massive rally . If you look at the main gainers in the tech index, it is mostly shift americas. You have amd more than doubled. Kla almost doubling. There has been a lot of talk on wall street about this rotation out of growth into value. I think that oversize what happened. Growth has not gone out of style. It was not a great year for growth. The stock market is all about the next big thing. What are the next big things people are talking about . 5g will be a big thing. A lot of chips needed for that. The internet of things is still in the early stages. Machine learning, artificial intelligence, there is a lot of optimism built around these innovations. Arena hascomputing still not completely matured. I think people are really looking forward to tha
This hour . Connell Elizabeth Warren on the rise. Dramatic new shift in the 2020 race for the white house. What a warren presidency could mean for you and your wallet. That is coming up. Right now in california hundreds of thousands are without power. We have a reason behind the move. A look when customers can expect the lights to come back on. Plus a reason, maybe to update your iphone. How new software lets you automatically avoid pesky spam calls. Melissa gerri willis on floor of new york stock exchange. Edward lawrence at white house. Hillary vaughn on capitol hill. Kristina partsinevelos is in the newsroom. Lets kick it off with edward . Reporter well watch every step the Chinese Trade Team talk tomorrow. Seems mood has so youd soured. Reports that the 28 Companies Added to the entity list by the u. S. Has soured things going forward. The expectations have been set a little bit lower. The Chinese Commerce ministry told me, told us, they are prepared to come here to work out a deal
Morgan has the morning off interesting market day setting up despite all the volatility. Tech remains the Market Leader this year. The xlk handily outpacing the s p. Semis up more than 40 for the year, almost doubling the gains of the nasdaq. Then youve got the earnings spotlight tonight. Netflix after the bell joining us this morning, joel killeen and kenny picari good morning, guys, good to see you. Good morning. Semis, banks with a second good day vix below 14 is a rotation happening . I think the earnings season is not going to be as disastrous as the street and some analysts have made a lot of people expect its already started the bank numbers yesterday and today performed much better than expected nobody is talking about it i actually feel good about it but i think there is a rotation, depending on whats going on so there will be rotation but its all part of the process. You still think were range bound here i think were range bound on the lower ending well test the lows, 2758 ea
New investment restrictions tied to china its wednesday, august 9th, 2023, and youre watching Worldwide Exchange right here on cnbc. Good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start this day as always kick it off with a check on u. S. Stock futures. Right now were seeing them in the green across the board open up about 08 points higher nasdaq, more than a third percent higher in the premarket after a rough session for stocks yesterday. Investors digesting the moodys downgrade that sent major u. S. Officials sinking. Goldman sachs closing 2 lower, citi down 1. 5 and wells fargo jp morgan largely spared in this situation. This morning, were seeing a bit of a mixed picture take a look at how the stocks are performing right now in the premarket. Were seeing some of them still in the red as you can see, goldman sachs, jp morgan fractionally lower, bit of a rebound for bank of america, half percent higher, wells fargo up. 25 . Bond market, as always,
All the details for us. Hey, peter. Peter good morning. House repub republican have been making big accusations for months about biden Family Corruption and now they are trying to prove it. They got a tip that the fbi got a tip several years ago alleging a conspiracy where joe biden would get millions of dollars from a Foreign National in exchange for making Policy Decisions that the foreign natural wanted. If this was, in fact, a credible allegation that was made, this was three years ago. That means its been in the vaults of the fbi for the last 36 months to include a president ial election in which joe biden was the primary candidate for office. And if they took no action on the credible allegation like this, there was not even a preliminary investigation, there should be some major questions about the Politic Zalings of the fbi. Politicization of the fbi. Say be the years of experience tracks closely did with what we are seeing into our investigation of the bidens peddling influenc