Is to forget their local election success. Leave no door unlocked. Ahead of next Months National vote. Good morning. This is bloomberg surveillance. I am guy johnson alongside tom keene in paris. Mark barton is in london. Quite a night. Quite a night. I was at the champselysees having a beverage of my choice. It was a champagne. It was fabulous and the excitement, it was not packed streets but there is busy streets with the usual celebration that you would expect in paris. It went well over 90 for mr. Macron. Guy it is going to be a fascinating story. It does not run out of momentum because people are already talking about kind of how he turns this victory and consolidated into the National Assembly. The challenge is by no means done. Timothy we will have much of that coverage tom we will have much of that coverage. He has to go to june 11 and the beginning of the monetary and elections to see if a macronled government, or if it is a coalition. Guy well see what the next five years wil
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Lets check in on the markets after another record close for the s p and nasdaq. Got a half percent gain for stocks yesterday. Breaking out of that dreade dreaded 0. 2 move. Lets show you where we are this morning. Dow futures down a point. S p futures down 1. 5. Nasdaq futures remain strong as the nasdaq continues its outperformance. Its coming off of four straight weeks in gains. The s p and dow broke their winning streak last week. The dollar is the mover last night. This is where we saw reaction to the report from the Washington Post and the New York Times that the president shared some highly sensitive Intelligence Data with the russians. You saw the dollar weaken sharply. The biggest move was against the euro. It soared to 110. 41. The dollar wiped out all of its post election gains. The dollar shot up on this idea of all of his pro growth policies and confide
Note, the hang seng. The hang seng hitting the highest level since june of 2015 during that session. The picture of europe here, inflation data hit the tape moments ago. A mixed bag. Fractional losses in germany and france. Home depot just out with First Quarter results. Earnings of 1. 67 a share, coming in 5 cents above estimates. Global Comp Store Sales were up 5 , that beat the consensus of 4 . U. S. Comps were up 6 . Wae above e home depot raising the fullyear earnings forecast. Market reaction in the currencies from the Washington Post story. I to be honest with you, i didnt buy it because what were seeing across the board is that people are willing to take on a little bit of risk. Euros are turning to levels since before the french election, yen is coming off. We saw the chart. Its been a while that the dollar euro has been strong. You can do just about anything you want in the Financial News reporting, sort of and im sure we didnt make that up. Im sure the person that wrote that
Nobel winner, jails robert shi yales Robert Shiller. I didnt mean to cause jaws to drop. Why this call . Well, its not that different. Stocks have generally outperformed other investments through history. Theyre highly priced now, which means i dont expect them to outperform so much, but for a longterm investor, and most people are, i think there should be a place for stocks in the portfolio, and they could go up a lot from where they are now. They could also go down a lot. Thats the problem, but the answer isnt to avoids stocks entirely. What gets them to go up 50 from here . Well, the last time that happened right now the price earns ratio i used is cyclically adjusted youre very famous for your cape ratio. Its about 30 now. Think back to the 190s. It went up from 30 to 45 in 2000. Thats a 50 percent essentially a 50 further increase. Im just saying that could happen again. To me its largely psychology, its not something that has an exact science. We have some kind of inspiration may
Their capital. While in the rose garden the president said he was monitoring an attack on a tourist resort in the philippines. Cell phone video shows people running frantically from resorts world in manila after hearing shots and seeing fire in the casino. This appears to have been a robbery, not terror. No serious injuries. Lebron james is playing the nba finals tonight, but basketball isnt the only thing on his mind in a week when hate has been on display in places like washington, portland, and los angeles. Heres jericka duncan. Racism will always be a part of the world, a part of america. Reporter when lebron james speaks, the world listens. At an nba Championship Press Conference james responded to his l. A. Home getting spraypainted with the n word. No matter how much money you have, no matter how famous you are, no matter how many people admire you, you know, being black in america is its tough. Reporter its one of many recent crimes that have become more public and brazen. Yest