Tenyear works its way back to 2. 3. And schiller up. Caterpillar, mcdonalds among the big dow boosters premarket. Alphabet shares sliding premarket, googles Parent Company reporting an earnings week but profits hit by a fine from the eu. Jeff bezos, trump takes to twitter, blasting amazon yet again. 3m, dupont also reporting. Also out, lily and gm. Metals are getting a bid today copper trying to break out. Thats exactly what i thought would play out caterpillar, this international would pay out. Im surprised that the United States is so strong here construction equipment, thats exactly what you want to see for energy, for transport. North america, incredibly strong latin america better than i thought. Construction is just on fire youve got a tremendous, tremendous story here where the numbers are much higher than anybody was thinking this stock will not stop at 113. There will be some bears who will try to say china is not that strong. But in the end this raise is the most serious of t
Lets begin with a new record for stocks a monster number mcdonalds there is your dow 21,635 a gain of better than 122. Joe, which do you fine tyou fin impressive i find it all impressive. Yields are rising, oil is rising you are seeing a significant short squeeze in oil not to be dismissed. So okay, you wake up this morning and you want to be one of those people selling out of google, rotating there is plenty of places to go. Financials, bank of America Morgan stanley above 48 banks are having a good day about that. And after last week, we were kind of a little bit uncomfortable about where banks were going to be going on the backs of earning but industrials is strong. A lot of optimism. So what stands out, cat highest since march 2012, mcdonalds, dupont all time high so many names. United technologies good earnings a good outlook in general, what were supposed to be a fully invested here and riding this rally on the other hand, and i said this last week, you have to keep an eye for th
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
Triple digits, just shy of a record for itself. And were about a quarter of the way through earnings, with 74 of Companies Beating estimates, about 10 higher than the average for the quarter. So is this market about to experience earnings euphoria, guys yes, we have hi, dan hey. Hey thats an inside joke no, i think the market has been experiencing that as well. The vix traded almost below nine today. I think it got down to 903 and the good news is, i think that companies that have been doing well are being rewarded and companies that are not faring as well are being punished you see mmm down 5 today. The earnings we saw that were outstanding were, in fact, outstanding. Led in my opinion by mcdonalds. We talk about it being a 160 stock. It got within 2 cents of that today. Cart pillar continues to surprise me to the upside. Ive been a skeptic for some time but theres no denying when saying that most of these reports, three of four, have been very good karen i agree it looks to me like t
American rival michael kors. European stocks up 40 points. Cheryl grupo, reporting strong absent after that the last name. We will tell you about it. Lauren samsung might be best known for telephones and television but could he get in the u. S. Pharmaceutical business. Train 25 01 a. M. In new york. Tuesday, july 25th. Good morning. And cheryl casone. Lauren good morning. Good to see you. Here we are. Bring a shadow appeared trying to a lot of breaking news overnight, over the weekend. Lauren john mccain returning to washington as Senate Republicans plan to hold a procedural vote to open debate on health care bill. This comes days after the arizona senator was diagnosed with rain cancer. His Office Released a Statement Last night. Senator mccain looks forward to returning to the u. S. Senate tomorrow to continue working on important legislation including health care reform, National Defense authorization act for new sanctions on russia, iran and north korea appeared cheryl a lot happen