Proposal we could see volatility on the wu witching day options is tote expire 59 minutes left of the session were down 1. 2 on the s p 500 coming up on todays show, well discuss the massive week for the ipo market including debuts of snowflake and Unity Software with Stacey Cunningham. And Jeremy Siegel will weigh in on another volatile week third day in a row down for the s p 500. Six week lows here what he makes of the selloff lets get straight to the big stories were watching though in this final hour of trade mike santoli tracking the Market Action Steve Liesman with fresh comments and joining us to talk about the latest on tiktok and wechat and what means for tech, Big Technology mike, start us off here with a selloff in the broader market. Weve been spending a lot of time at the lower end of this recent range maybe a little too much time down there for the comfort of the bulls. This is a relatively routine pullback for now 3300 or. So we hit that a few times you go back a week w
Moment and the nasdaq is up another 76 our road map this morning starts with the stocks surge all time highs. It is longest winning streak big techs, big problem why the new head of instagram think breaking up facebook would make it a less safe space. Share of beyond meat taking a dive after a downgrade the top is in only after 600 rally. Someone else i know has been talking a lot about beyond meat which well get to a minute. This is a beyond incredible rally. The dow is up 1300 points in like six days. Scott, great to see you first of all people came in your show describes it all the time. People came in short this month. Why . Because may is so bad. Why would they . The president goes off the real with mexican tariffs. Things are just too out of control. They just have this whole washington, it is just nasty today how does things reverse itself the risks are in we get a piece out i dont know if you saw a 50 increase break up google. 50 increase if it breaks up what can i say apple is
From Stewart Frankel welcome, steve thank you are we going to end the sixday win streak here . If we did would it be a shock . And its still plenty of time for us to turn around, turn green. We bounced about 6 off the lows but we are not overbought. So to your point, i dont think that we necessarily have toned today but its a good stop to say lets take a breather, were still above all the moving averages in the overall market about 10 handles lower in the s p cash but i still think were on good footing. Is 2900 a tough footh for the s p . It is because its a big fat round number so i think the 2954, the alltime highs, thats the tough number you have to worry about, not the 2900 lets focus in on the big stories we are watching. Bob pisani has whats driving todays market which of course has been up and down ylan mui is watching a tech antitrust hearing on capitol hill and phil lebeau is covering teslas Shareholders Meeting bob, lets start with you. Lets take a look whats going on its ver
Happy friday welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. Before we get to the markets, breaking news to tell you about. The Russian Military says it may have killed the leader of isis in an air strike in syria. The Russian Defense minister says he may have been killed in an air strike late last month just outside of raqqah the u. S. Is not confirming these reports. Well continue to follow developments on this breaking story. Now we can check on the Global Markets. After another selloff on wall street, tech stocks moved lower yesterday as has been the case, down about a half percent. The overall market was down less than that. Things are looking up this morning in the futures market. Dow futures up 40 points s p up 5 nasdaq up six. Lets show you the tech stocks in the premarket thats been such a driver of the action lately with the nas dak starting to underperform it looks like theyre firmer as for the tenyear treasury note yield, slightly
Are not just American Values they are universal values , written into the declaration of human rights. Mark three human rights activists were reportedly prevented from attending the president s speech. Pakistan will conduct dna tests on the man killed in a u. S. Drone strike to determine if he is actually a taliban chief. Washington, kabul, and senior taliban commanders have confirmed his death. Beginning in 2017, beijing will institute chinas toughest fuel quality standards which the government says could cut 50 tons and the city by 20 . Global news 24 hours a day , powered by our 2400 journalists in more than 150 news bureaus around the world. Im mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, hpe getting an after our boost, in news they are spinning out a business to merge with another company. What it means for the company and meg whitman. Plus toyota gets into car , sharing its the latest car maker to invest in a ride hailing app.