Got us high as 88 this morning our global map futures falling sharply picking off where friday drop off. We have broadcom raising that bit for qualcomm it would be the Largest Technology deal if it got done it is best and final and it is worth more than 121 billion in cash and stocks. Shares of wells fargo sinks. Stocks are on track to extend the sell off on friday if the dow falls 235 points today, that would constitute a 5 pull back on its all time high on january 26th might we know how long it has been since we gotten that 5. It is been the story. It is how long the streaks have been last week we got rid of two of them which is more than 60 bases point tcp fr drop of the day. It emblems of how extended the market was and everyone i think, a week ago were saying it was overdue. Markets are over heated so this is how it looks and when ever that happens, you can grab at the headlines for why it could go further and i think just looking at the dow open makes a lot of sense they always s
Comments and europe is mostly green and Oil Continues its run above 66 our road map begins with industrial earnings from cat and 3m and numbers from ford well dig in. The president is switzerland, well hear from him this morning and then an interview with our own joe kernan. And futures are up in the premarket on the rally this morning. Earnings news, lifting a pair of do you components, caterpillar with its Fourth Quarter results and issuing up beat guidance due to growth in the Construction Business 3m with q 4 results, increasing the dividend by 15 . Cat is the story this will be an all time high. They are talking about strong order rates, lean inventories and increasing backlog and this is all before we see the framework of the infrastructure, bill. Talk about two stocks that are kind of encapsulated, all of the themes for a long time its the kind of global reflation growth spot and also the theme of analysts not just being able to catch up to exactly how much earnings are going to
And im Courtney Reagan in for sara eisen thanks for joining us today. This monday morning after the super bowl, if youre up, you might be a little tired. But may also want to be somewhat elated if jim is watching i hope hes asleep after a big night of celebrations. If hes not, congratulations to him and all eagles fans. Lets get to the markets a roller coaster ride last week particularly when we saw the dow sell off 2. 5 . The nasdaq and s p both down 2 . For the week as a whole, the dow was off more than 4 nasdaq down 3. 5 and s p in between those two dow about 127 points, nasdaq 12, s p, 9, clearly much more muted than that massive selloff we saw on friday. Worth pointing out on friday, all 11 sectors were lower for the week Energy Materials were the worst. Health care and tech also pretty bad. And yield has been a crucial factor for markets over the last couple of weeks. The fact that yields have been rising have spooked some investors. They got to 2. 85 on friday clearly, its still
Morning. Lauren worries that Rising Interest Rates in the wake of an economy by much of the selloffs the 10 year treasury continues to rise right now to. 846 . Connell would flip it over to your. The ftse 100 in london is down by 1 . The other major average we follow in paris and frankfurt are lower by less than 1 this morning. Lauren a nation, stocks really think that the nikkei in japan than to put 5 and below 23,000 for the first time this year. Take a look at asia, china and shanghai composite gain. 35 . Trained to indians for it. The Philadelphia Eagles, the long drought is over. Finally. Lauren you heard back. The eagles won their first super bowl ever. Left to minneapolis for Cheryl Casone. Fbn am starts right now. Connell good for the eagles. 5 01 a. M. Here in new york city. Starting to come around to the idea proposed for some time that the day after the super bowl been a national holiday. Not that i would want to be here. I would be here anyways. Lauren it is for many people
Far more than they realize. Sadly, frequently, much more than they ever get a chance to fulfill. And so if everyone in the world has godgiven gifts and everyone in the world has potential, why is it that this country is so special . Why is it that more things have been more possible for more people for more places here than anywhere else in the face of the earth . I think it is because our founders knew what my mother taught me. Our founders knew that everybody has godgiven gifts. Our founders knew that everyone has potential, and so they founded a nation on what was quite a radical idea at the time. It is a visionary idea still and the idea was that here, you have a right to fulfillpotential. That is what they meant when they said life, liberty, and the pursuit of happiness. You have the right to fulfill your potential in this nation, they said, and they said, that right and this was the radical pie part, that right comes from god and should not be taken away by manner government. Man