Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get extended just a little bit at the opening bell. The dow implied higher 42. The nasdaq up by 21. Record highs to start. This is all after u. S. Inflation showed a slight easing in the month of april with core prices excluding food and energy climbing 6. 6 year on year or the lowest since april of 2021. On the back of that, treasury yields are falling off hitting the lowest levels in a month. The teny
Bond traders price of fed rate cut one month earlier in november ahead of todays key u. S. Jobs report. Apple jumps after hours as it forecasts a return to sales growth. The iphone maker announcing a 110 billion Share Buyback, the biggest in u. S. History. In europe, the focus switches to banks with french lenders in the spotlight. Socgen reporting a profit beat as equity traders help lift results. A beat across the french lender. First quarter net income coming in at 1. 9 billion euros. Profits comfortably above the estimates of 1. 5 billion euros. Full year underlying net income at 6 billion euros. Rev knows for the First Quarter, 6. 8 one billion euros. Above the estimates for Credit Agricole in terms of some of the other details around this earnings picture. The Investment Banking side of the business also coming in with a beat. Upbeat in revenues, profits, in terms of the Investment Banking side of the business for Credit Agricole. The stock is up 13 year to date. The deputy ceo o
Information about hunter biden. I agree with dan your last guest there is not a strong connection at this point. Between the evidence on hunter biden and any evidence you can watch all of our programs on our website c span. Org. We take you live to capitol hill where microsoft president is expected to be joined by a law professor and a scientist to testify about proposed legislation that wrigleys Artificial Intelligence. Live coverage on cspan 3. And also to chairman durbin who supports has been invaluable in encouraging us to go forward here. I have been grateful especially to my partner in this effort senator holly the Ranking Member. He and i as you know have produced a framework. Basically a blueprint for a path forward to achieve legislation. Our interest is in legislation. In this hearing along with the two previous ones has to be seen as a means to that end. We are very resolved oriented. I know you are from your testimony. And i have been enormously encouraged. And emboldened b
Information about hunter biden. I agree with dan your last guest there is not a strong connection at this point. Between the evidence on hunter biden and any evidence you can watch all of our programs on our website c span. Org. We take you live to capitol hill where microsoft president is expected to be joined by a law professor and a scientist to testify about proposed legislation that wrigleys Artificial Intelligence. Live coverage on cspan 3. And also to chairman durbin who supports has been invaluable in encouraging us to go forward here. I have been grateful especially to my partner in this effort senator holly the Ranking Member. He and i as you know have produced a framework. Basically a blueprint for a path forward to achieve legislation. Our interest is in legislation. In this hearing along with the two previous ones has to be seen as a means to that end. We are very resolved oriented. I know you are from your testimony. And i have been enormously encouraged. And emboldened b
Information about hunter biden. I agree with dan your last guest there is not a strong connection at this point. Between the evidence on hunter biden and any evidence you can watch all of our programs on our website c span. Org. We take you live to capitol hill where microsoft president is expected to be joined by a law professor and a scientist to testify about proposed legislation that wrigleys Artificial Intelligence. Live coverage on cspan 3. And also to chairman durbin who supports has been invaluable in encouraging us to go forward here. I have been grateful especially to my partner in this effort senator holly the Ranking Member. He and i as you know have produced a framework. Basically a blueprint for a path forward to achieve legislation. Our interest is in legislation. In this hearing along with the two previous ones has to be seen as a means to that end. We are very resolved oriented. I know you are from your testimony. And i have been enormously encouraged. And emboldened b