Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a business where your Free Cash Flow was up 2,000 it sounds like a kids lemonade stand. Thats what has happened to zoom
If i fixed my tie. I dont consider myself a journalist. No one else would consider myself a journalist. I began to take on the life of an interviewer even though i have a life of running a private equity firm. How do you define leadership . How what is it that makes somebody tick . We are here today with chuck schwab, one of the most wellknown figures in the Business World because of his ubiquitous face and because of the Great Company he has built, which is one of the Reading Companies leading companies in the u. S. He has just written a book called invested. We will talk about it and his life. Lets talk about something you made news with recently. Your Company Announced you will not just do discount brokerage. You will give away brokerage for free. If i have an account, i can trade for free. How do you make money . Charles thanks for having me on your show. I have known you for a while. Secret of how the you make money when you are not charging . Charles a long time ago we started ta
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
Whats working at the moment. And the old days, when the great mark haynes ruled the mornings around here, i remember that each time i co hosted he would introduce me as reverend jim bob from the church of whats happening now. It was fun back then and seemed like everyone was running their own personal hedge fund. There was an understanding that a stock could be here today and gone tomorrow and everyone was fine. Everyone was fine with it. Those days are over though. And if you recommend a stock for a trade, even if you say buy it today, for the Analyst Meeting tomorrow, and then you sell, there will always be a video, a youtube kicking around, shows you liked the stock but never gave the sell call. So weve gone beyond that. Were all about educating you to be a better investor. The same thing we do every day at a higher intense level at the cnbc investing club that i want you to join. Tonight, i want to introduce you to the concept that is so important and its called suitability. Basica
Incredible month where you saw stocks continue to climb add that to year to date dow up 7. 3 . The s p up 19. 5 the nasdaq is up a whopping 37 . Lets put that in historic context. The year to date, you were talking about the nas ddaq with the best first months since 1975 held on to gains gave some back in the second past of the year up 30 by the end of the year. If you look at the s p, up 19. 5 . That is the best performance since the beginning of 1997. That year, s p up 28 . It ended up 31 . Adding to gains, mike, throughout the things. You look at this and look back the pattern in history is that markets that are consistently strong with five months up in the s p 500 happens in the context of generally continuing uptrends. It is not a fluke. That being said, it has happened eight times in the last decade it happened 40 since 1949 the dow was up 100 points in the last minute of trading yesterday. A lot of stuff that gets done at month end. In general, the market has answered most of t