But youve got to imagine strategically the fact that theres an impeachment inquiry now open on the president and at least in theory there is some statistical chance that theres a removal of a president , although everyone reviews as extremely unlikely here, if youre the chinese you might think lets wait and see what happens. Flip that and look at the incentives facing the president. Hes facing a situation where he wants to prove that he is delivering on the economy for the american people. He may now need a deal, need a victory here politically and economically more than he did a week ago, so the pressure on him might be to get a deal even if its not as good as he might have set out for initially but this president has been very focused on this and said hes only going to take a deal if he feels its a win for the american people. Eamon javers outside by the flags doing great work today keeping our viewers attuned to the news appreciate that. Good morning once again, everybody. It is 8 0
Good thursday morning. Welcome to squawk alley. Im jon fortt with morga brennan, david faber, here at post 9 at the New York Stock Exchange carl is on assignment. And were going to begin with todays rally. Stocks surging all of the major indices up more than 1 . Our dom chu is back at headquarters with a look at what is driving the gains today dom . So, jon, we are right near highs of the session right now the dow is up about 458 points, 452 at this stage. And as you can see here, almost 1. 5 to 2 gains at this stage for the major indices. The s p 500 really the laggard there. A lot of tlechnology and communication stocks powering that nasdaq composite to a 1. 5 gain overall with regard to whats driving the action, take a look at the sectors that areat most at wor and at play. Financials, industrials, technology, meanwhile, consumer staples, real estate, and utilities really lagging behind. The key level that we wanted to watch earlier on was 2945. That had been an area of resistance o
Today and then formally next week. The other is that we go for some kind of bridge financing. These two options a this year i think both options entail that a payment will be made at the end of the day. Unforeseen be an crisis. I just do not see that right now. Responses economy grew an unexpected quarter. President jimmy carter will undergo cancer treatment. The former president said cancer was discovered during liver surgery and is in multiple locations. He will release more information as soon as next week. His father and three siblings all died of pancreatic cancer. China has been rocked by a series of explosions. The blast began in a warehouse for Hazardous Materials. At least 44 people have been killed and hundreds more were injured. Managers of the company that owned the warehouse have an detained. In golf, Jordan Spieth is the favorite. The pga championship has begun. He has already won the masters in the self in this year, a victory this weekend would make him the first player
That. Another look at the futures, you heard becky talk about them. Were looking up this morning. Of course, european markets you ask, well, we answer. With a generally positive in fact entirely positive, thanks for italy and spain, guys. Appreciate that as always. Ten year note yield hanging in around the 2, 2. 22 a lot of twos this morning. You see crude oilwell below the 50 a barrel. There are reports that the president will pull out of the paris climate agreement. What it means for business and geopolitics. And trying to clear up what America First means saying were asking at will of our partners. Well take a look at the message from the administration. And its the last trading day of may. Should investors expect a june swoon . June has been a rocky month for the markets. Well break down the winners and losers. First though, President Trump apparently planning to pull the United States out of the paris climate agreement. This is according to a number of reports this morning. Puttin
We saw the major indexes all down. European markets, yeah, kind of a down show there too, as you might have expected. Well call it what 1 more or less when you average it all together. As for tenyear note yield here in the states had a recent high yesterday i believe in yield 1. 81. And there is all important crude and brent both below 50. Lets get to our road map this morning. And it begins with jeff bezos making headlines at that code conference. Were going to have much more on his future at amazon, the retail stores, donald trump. Yeah. Plus a new month in the markets after that may rally. Stocks as you saw starting in the red. And a deal this morning, not that large a deal but an interesting one, salesforce buying a Software Company 2. 8 billion total price tag, had a lot of cash. Marc benioff going to join jim right here this morning. I will at least get to say hello to the bearded master, im hoping. Lets get to carl in california at the code conference where jeff bezos was making