Im wilfred frost. Im Morgan Brennan in for sara eisen good morning. Lets get straight to the market picture. Resounding performance yesterday. The dow and s p up 1 . The nasdaq up by a half percent. Banks really soaring, sort of perfect storm for them yesterday. The new fed chair talking about raising interest rates, also talking about not increasing bank regulation, reforming the volcker rule and progress on tax reform banks disproportionately pay full tax rates, thats why the russell soared 1. 5 . Transports, too transports as well. Good day across the board for risk assets. Its good for the dow, good for the s p, up 48 points or so on the dow. The nasdaq is just south of the flat line, down 6 points bitcoin surging to a new record high, above 10,000 over night it surged as much as 4. 4 earlier, now 8 . So its 10,700 in asian trading hours. Its capped more than ten fold increase now this calendar year. Extraordinary run continuing up 9 10678 9 , 10,700 almost 11,000. I wonder how muc
Board but we do have some changes, we have High Pressure that is expected to break apart eventually and that may affect our overtime daytime highs as well. I will break that down for you inin bit but first i know mike is still tracking a crash in the north bay. Most of the bay look at these Speed Sensors around, most of the bay very easy right now, its only 5 01. The commute doesnt kick in until much later this time of year but we are looking at a smooth flow. In the north bay this is the one exception because we are following this deadly crash. Westbound highway 116 the ativan necessary road, between van ness and east van ness theres a deadly crash, a car ejected its driver after impact so that person, i believe thats the person who died as a result of that crash and the coroner is heading out there. Until that scene has been cleared we cannot reopen that portion of the freeway, so van ness to east van ness or vice versa is your way around it. Thats in sonoma just off highway 12 and
San mateo bridge south out of san leandro and then west across 92. Thats a typical pattern. Same thing for 101, a little build north 87 but the crash is north 101 as youre approaching the off ramp there, reports of a vehicle that flipped over off of its wheels, i dont know if it completely flipped over. We will find out about any lanes blocked. Right now consider the fast lane blocked because that was the initial report but we dont see a lot of slowing down here, we see it over towards tully and thats a traditional pattern as well as the south way and 87. Over toward the east bay and over through the trivalley area, no problem for 238 out of the Castro Valley area, 880 slows a bit forward the san mateo bridge and where the backup forms about 25 minutes from highway 4 to the backup at the bay bridge. Back to you. Breaking news for you this morning, former today show anchor matt lauer just issued a response after he was fired wednesday over allegations of Sexual Misconduct. Those claims
Its on spotify right now. We aim to please. It seems like we have done this morning. Lets get into the market picture. A very rosie market picture this morning. Futures were as much as 200 points higher moments ago just shy at the moment on the dow 192. 4 to be precise. The s p higher by 14 the nasdaq up 22 markets did pull back on friday albeit only slightly closing down. 2 and the s p a little bit more that for the nasdaq for a week performance was fairly divergent. The dow was up 3 . Dow up 1. 5 the tax reform bill well discuss that passed the market late friday night. Ten year treasury note has responded as well in a risk on fashion somewhat weve seen the yield move up a little bit, 2. 39 closing on friday at 2. 36 over the weekend ticked up a bit. Crossed 2. 4 but is just below that level. More on the markets, but first to our top corporate story, cvs is buying aetna for 69 billion. Our Bertha Coombs is joining us on the cnbc news line with all of the news. Good morning, bertha. R
Im telling you, it moved me smelled really good. Youre dry from flying, right . The lips dry. Ill say, in three days you spent two of them in the air. How far 16 hours one way, 15 the other. Whats the mileage . Im on a need to know basis . 10,000 maybe . 13,000 miles . I dont know. You go up i want to say 10 or 11 there doing the flight before. Okay. Thats some serious mileage. Frequent flyer miles. Very dry. I have to figure out if i can get them i think it may be a part of the delta line you had a pod not the big pod this is like the little one. Not the ones with balls with the shower i didnt have the shower. Exactly. We are glad youre back nice to see everybody our guest host today is steve grasso from Stuart Frankel and a cnbc fast money trader good morning. Guys, lets look at the u. S. Equity futures yesterday was a bit of a mixed day for the markets. Dow down by 39 points. The nasdaq put in a positive day. It broke a threeday losing streak this morning green arrows with the s p i