And a special guest, cnbc senior contributor larry kudlow your money update very quickly right now. The big cap indexes of your fractionally, not a whole lot. Smaller cap names, visavis the russell 2000 are down very slightly just quickly before we get to larry, John Najarian and the overall markets, starting to see a couple of trader notes suggesting maybe this rally might pause a little bit heading into the new year for a few different reasons. Your thought on the macro markets. Sure. You could see that pause that refreshes, brian, and indeed it might be just that but i think a lot of people are very happy with the year they have got so the likelihood they will more or less keep the hands in the boat rather than reaching for something out there, that could be happening here. And obviously what were going to be talking about with mr. Kudlow regarding the tax bill implications, weve already heard a little bit from some corporations saying how much its going to impact them. Obviously pe
Welcome to squawk alley. Im Carl Quintanilla sarah and john are off interesting morning, rally is hitting the pause button this morning. Earlier today on squawk, berkshires Warren Buffett weighed in on stocks and what he thinks is driving the market now. They are not value developed Interest Rates what has happened in the market has been very sensible nobody thought we would have these kind of sfw rates for a long time. Additionally you have the tax act, which is a huge factor in act, which is a huge factor in valuation. s the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. S
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
Earnings were going to come in to the level. Now, they better deliver. Its true. The market is currently con figure d today because i feel like last week, we had a lot of people coming in and buy iing stocks. Weve talked about advanced micro. I sometimes like to have a microcosm stock. That was being bought friday evening. I havent seen this kind of what i regard as just mark up window dressing that makes it so were quick sand here, but when we get to earnings, yes, theyre pretty good, but weve got to get there first and were not. You think earnings are going to deliver . Yes, but give this a couple of days maybe. I really think that so many stock, particularly tech and the high growth names, were marked up so determinantly. Wednesday, thursday, friday. That we b havent let them come down, but at this moment, what matter is car casales, which ar weak. The fed on wednesday and unemployment on friday. Were all trying to about what happened to the consumer. Was this tax return slow, reall
Ftse 100, italy, spain, all up. Looking at crude. Wti sitting at 50. 91. Lets get to that microsoft story. It is the top corporate story. Shares of the tech giant popping on better than expected quarterly results. The big driver, the cloud. The shares of the microsoft product doubling in the most recent quarter. The stock hitting an alltime high in afterhours trading breaking through a level hit at the peak of the tech bubble back in 1999. Its going to close in on a half trillion dollars again. Its great day to have ballmer on. He took a lot of flack for not turning it into something it wasnt. In hindsight, now that we have the benefit of hindsight, he kept that thing moving along. Increasing revenue. Maybe the share price didnt go all the way back. Got pretty rich himself. How much does he have left . I expect him well have him for an hour. I expect him to be in a really good mood today. Because of the stock price. Very few of us get like 4 billion richer on wake up in the morning. I