A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Move up. It has retreated from that level, 16 basis points. Really big moves in both directions. The u. S. Dollar index also lower, 12. 67, level on the bloomberg dollar index and you can see oil retreating as well down almost 3 . Two dollars and . 50 for nymex crude, john . When we saw the change in the bond market story, when investors showed a willingness to get into equities they took a closer look at technology, you have nvidia, four down days, rallying 3 right now when the s p 500 at the top of the leader list. And a mike walgreens, jp morgan suggesting that their analyst team sees the worst is over. They like the Management Changes and they see a new path forward. We have been tracking Union Stories across north america. You have a strike action and the st. Louis seaway in canada and we continue to monitor the situation in detroit. Makes performance for the auto stocks. The stellantis tour you have been covering, we have 6800 workers tied to a very lucrative pickup truck plant i
Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
Of ours. Actually 10 00 we are looking up on all the major averages i guess, yeah, looks like we are. European markets, you ask, we answer what are they doing jim . We trade with the good ones now. Whats that we trade with the good ones. All positive. Other than spain 10 year note right around look at that over 58 this morning our road map as well it starts broadly with stocks on track to open higher boeing boosting its dividend shares rising premarket. The plan maker setting a new 18 billion stock buyback plan and a mega mall merger. Buying the World Trade Center mall and new jerseys nearly 16 billion overall. What . We should have 3m just preannounced. Lets get to that too. Remember the other day a fellow was telling you to sort it it was ill advised. You were on him. I was all over him like a cheap kmart suit. Those are cheap. That was my first thing that i wore to goldman. They said get out of that corduroy suit. A day in which the fed will hold its final policy meeting of the year
Micron, qualcomm, all following. These have been some of the hottest trades of the year is this the beginning of a bigger pullback or should you buy this dip dan . Its a tough one. Obviously we had microns earnings a week and a half ago they beat and got higher they were talking about nand pricing and dram this is a headwind for apples margins, theyre a big customer of apple for me, you have to think about this apple announcement, we see this every quarter whether its hush hush, whisper whisper, theyre not going to have the builds they did on this high end phone thats going to possibly affect their asps. Last quarter expectations were not particularly high because people knew the iphone x would be pushed out later into the calendar q4 and all of a sudden they gave this massive guide for units in this quarter, 85 million. I think at the end of the day you have a stock trading at 170, i think back then it was 160 if they were to come in line and guide, you know, down a little bit, i dont