equity futures at this hour. and it s been a very strong month for august that s the best august in 36 years. the s&p is up by better than 7% and at a record high dow futures up by 63 points. s&p futures up by 9. the nasdaq up by 43 and then take a look at pressure ri yields this morning. it s around 0.721% it is a trading day to remember. a new look and amgen, sales force and honey well becoming new members of the dow 30. and two other stocks you won t want to watch today and apple and tesla, both companies carrying out stock splits. apple at 4 for 5 tesla up 5 for 1 the stock prices reflect the splits and apple split changes it s way in the dow. as a matter of fact, apple split seemed to be what precipitated this round of changes in the dow, he ten sapple once it spli fun way around that. so we ll have more in the big moves. all right thank you very much. well, all right. stock giving us news. tiktok s china based parent company says a new chinese law makes a sale of as
The dax in germany up by. 2. The cac in france is up by a quarter percentage point the ftse is flat crude oil ended down by about 19 cents for the week last week this morning its down another 17 cents to 56. 38. A couple big stories were watching geopolitics. Germans chancellor Angela Merkel said efforts to form a Coalition Government has failed. Merkel has been working for more than a month to work with the, quote, free democrats and the greens after losing ground to a far right party in the september election if a coalition cannot be formed merkel could form a minority government or call for a new election youre looking at the euro down. Big questions about whats going to happen in that country. Also, in Corporate News, Marvell Technology is reportedly nearing a deal to buy chip maker cavium for 6 billion. Its going to create a bigger competitor for chip makers like intel and broadcom it would be comprised of 50 cash and 50 stock valuing cavium at 80 per share. Possible deal was firs
Day of my political life, i feel like its all been worth it. Politics, Paul Wellstone told us, is about the improvement of peoples lives i know that the work ive been able to do has improved peoples lives. I would do it all over again in a heartbeat. For a decade now, every time i would get tired or skurdiscoura or frustrated, i would think about the people i was doing this for and would get me back up on my feet. I know the same will be true for everyone who decides to pursue a politics that is about improving peoples lives and i hope you know that i will be fighting alongside you every step of the way. With that, mr. President , i yield the floor. Senator al franken calling it the worst day of his political life, says in the coming weeks he will resign as a member of the u. S. Senate after several allegations of inappropriate behavior, allegations he said were simply not true, others he remembers very differently, adding i know in my heart nothing ive done as a senator has brought di
Getting a nice boost from earnings well talk to the ceo in a cnbc exclusive, coming up another day, another record for bitcoin. The cryptocurrency surpassing 15,000 for the First Time Ever bitcoin has more than doubled in the past month its moving in thousanddollar increments now every day at this pace, the journal this morning says the it would end the year above 2 million, at this pace. Well, i think that people have to recognize that bitcoin is not created in huge amounts you can mine bitcoin using some nvidia chips or some advanced microchips but theres just not a lot of supply almost minimal at the same time, i have never seen a level of discipline of the buyers you obviously cant they must be afraid to short this thing. But the buyers are not letting things go. I mean, typically, you bring out sellers when you have this kind of parabolic move. Where are the sellers . I dont know. If were going to continue to have the same conversation every day, i think you and i and were going t
Reachable . Gus brown, pie in the sky forecast or is this legitimate tax liabilities a reduction are lead to Margin Expansion, share buybacks, 20. 5 times multiple as earnings go up and that gets you 3,000 on the s p. I mean, its not pie in the sky historically, but theres a decent probability that that could happen doesnt mean it will happen or anyone can actually foresee that happening. I think he makes a good case though i thought the note was fairly rational, but think about it, he could have written the same words on the same page and said 21 times or 19 times so the art of the p that goes into p e multiple is an art. Its not a science its not math. Its what you think sentiment will be, even if somebody agrees on all of the pieces that he sees fall in to place doesnt mean you arrive at the same sentiment level or pricetoearnings multiple. The point here is the rally is far from over and if you want to put 3,000 on that or whatever number he wants to be the top, hes going to be on