You about how Retail Investors are feeling right now. Well explain. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight steve grasso, karen finer man, dan nathan, and guy adami. The s p rising 0. 6 . The nasdaq up 0. 4 . Well get to that in a minute, but first, new signs that the Retail Sector is ripe for some dealmaking. Shares of nordstrom popping more than 9 after reporting of its founding family is looking to take the company private. This news coming after similar attempts six years ago was ultimately unsuccessful, but it is far from the only deal percolating in this consumer space. Macys saying its agreed to open its books to potential acquirers. It and kohls have attracted activist interest in weeks. And theres tapestrys deal for capri, which is expected to close later this year. And shares of American Apparel giant Gildan Activewear popped after the board said it has several potential buyers for the company. Is this just the start of a coming wav
The dow is the laggard. It is up 2. 75 . The treasury yields have been something of interest with the hotter than expected cpi and ppi numbers. Tenyear is 3. 4 . The twoyear is 4. 71 . Bitcoin is something we are watching closely. It is up 60 year to date. 67,872. It has been volatility. Did you have any corned beef . I did not. I had irish soda bread. Green beer . Nope. Did not have any. Green bagel . Nope. We wore green. Parades . I like it better during the week. I do, too. I think im more likely because the kids are in school and get more excited about it. We did set a leprechaun trap. If it would have been a tuesday . Yeah. Tuesday. Apple in talks with google to build and license the gemini a. I. Into the phone. They are in active negotiations to result in gemini powering features to be released by the iphone later this year. Apple has haeld discussions wit openai. We will let you know if we hear anything. The wall street journal is investigating if meta facilitated and profited f
For investors and the fed ahead of next weeks meeting. The National Association of realtors is reaching a settlement that some experts say will change the Real Estate Market as we know it. Zillow shares plunging on the news. We have details on the big news out of the world of real estate. After an faa audit found multiple violations, deliveries disappointed and a midair mishap injured dozens, boeing shares having their worst week since that january door plug incident. But, one shareholder is sticking with the stock. Hell tell us why. But we begin with todays market action. For that, we go to dom chu for the numbers. We have a down market today. Just about at session lows as we speak, with the dow down roughly call it 280 points a t this point, down about three quarters of 1 . The broader s p 500 currently is a hair above 5100. Down about 45 points. That represents session lows off about more than almost one full percent. At the highs, we were still down, but only a modest 14 points. So
Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if i
Premarket. The price for paramount. Sony and apollo submitting a cash offer. That includes debt. I will bring you up to date with the very latest reporting on this saga. Lets get the Market Reaction to this mornings job numbers. We were looking for 240. Negative revisions of about 22,000. Bond market kind of sniffed this one out, jim. It did. This is one of those moments where i think youre sitting there and saying, well, think about the narrative we had on tuesday, that tomorrow, powells going to lower the boom and talk about how, yeah, the chances are we could have a rate hike. He would have looked very foolish. Instead, now people are saying, did he have the number . No, it was a pretty tightly kept secret, but when i look at this, i say to myself, all right, we probably will get a rate cut if things get a little bit lighter and that the market is very poised to have a run here, which is really amazing. Yeah, the tenyear right there tells the story, doesnt it, jim . Sure does. Falli