Off the year. Continuing the trends we saw last year. Technology is leading. Andwith a strong 2017 eight emergence for the second straight day and a repeat of the action late last year with the tech outperformance of the dow. Other groups like Energy Outperform today. We have broken through a 100 and clement for the s p 500 increment for the s p 500, the fifth time we have gone through that level in the past year. 2400, 2500, 2600, hitting that in regular intervals as we see stocks hit record highs on a regular basis. Technology is doing well and not just the fang stocks but the established Legacy Tech Companies doing well. Outperformsed to according to analysts, secular members that should enable Share Performance throughout this year while oracle getting an upgrade over morgan stanley, the endless their said the low stock valuation represents a tactical opportunity for oldfashioned Earnings Growth to drive the shares higher. Rallying. Micron another story we watched about the implica
Can you even imagine . Well, it was pretty dramatic back then. Back then, i was anchoring for the old Financial News network, and on that day is that ron burgundy no look who that is that is a very young paul tutor jones. Oh, my goodness. This is back when paul used to take my phone calls call me again, paul. Wed love to talk again. Anyway, he was on the floor i love that stache. Talked about what happened, what was going on, what he was thinking. Did you lose the stache after the lets see, that was in 87. I lost the stache around 88 or 89 yeah wasnt long after that. Not too late to bring it back. I think it is by the way, paul tutor jones is lauded for having kind of foreseen that drop was happening. Let me tell you, i mean, we were friends back then he was a very still is very, very smart trader. He came up out of memphis trading cotton futures. Wow and hes very savvy trader. Very, very savvy trader. I mean, no surprise that hes had the kind of success he has had. Anyway, were going
Good morning. Welcome to Worldwide Exchange. Im sara eisen, along with michael santoli. We heard the dow was going back up to 20,000, and we called you in. I know you have a sense for these things. Im not making a call. Well get your call in a moment. Lets check in on Global Markets, after record closes for the s p and the nasdaq, futures look like theyre going strong again. Global stocks are in rally mode following wall street and dow futures are up 52 points. S p futures are up 4. 5. Nasdaq futures are up more than 16 points. The tenyear treasury note yield, higher yields. The trump rally back on track with higher yields, stronger dollar, strong stocks. Tenyear yield, 2. 48. Some selling into bonds and stocks. Lets look at whats going on in europe. German business morale falling this month. The Ifo Business Climate i dex h index hitting the lowest level since september. Seemed like they were pricing in our gains here. Germany up 1 . The story of better Economic Data in europe remains
Washington journal continues. Host ted hesson is with labor reporter for that organization. We are talking about temporary visas and a review of that program. Can you tell us what a temporary visa is . Guest it gives a Foreign Worker permission to come to the u. S. Or a Company Permission to bring that Foreign Worker to the u. S. For a period of time. Geared towardss high skilled workers, people stem fields,en in science, technology, engineering, and math. Host how many of those people can come in yearly . Guest in this category, it is 85,000 the year, with 65,000 of what they call general visas and 20,000 reserved for people with masters degrees. Host walk through the process of how to get a visa. Need to company will petition on behalf of that worker. In the case of the h1b, they have to submit an application and explains why they need to bring this worker abroad and also give documentation that they have actually sought a u. S. Worker v4 they go and look for a temporary worker from
Kongcurran is in hong wanting to know when the fed will raise Interest Rates. Matt miller is in berlin. Lets begin in greece. Finance ministers have reached an agreement that will allow aid to be released to ease the debt burden around the country. Marcus joins us live from athens. Aid disbursement means greece will not face a massive payment crunch to the ecb in the summer. Theres also some extra money that allows it to stopping down taxes are about to rise. Its not going to cause jubilation on the streets. They can expect a little bit of stability over the summer. Jonathan thank you. David are you wondering when the fed will next raise Interest Rates . Chinese officials will ask their u. S. Counterparts about the timing of the next increase. Curran in honga kong. When are they going to ask this question and where . Good morning. It shows how nervous chinas leadership is of the looming fed rate hike. Issuelan to raise this when diplomats meet as part of a strategic economic dialogue.