Its the tate of the union tonight. State of the union. Biden will go with after greedy corporations. Hell propose if much higher Corporate Taxes, hell take more from millionaires and billionaires and rail against shrinkflation. But what people will be looking for is whether the president has the mental and physical stamina required for four more years. Donald trump will conduct what he calls a live playbyplay during the president s speech. He will correct in Rapid Response my and all inaccurate statements, end quote. Should be fun. To the markets, and look at this. Nvidia has broken above 900 a share. 902 right now in premarket action. It is now a 2. 2 trillion company, only slightly behind microsoft and apple. And theres a big gain for novo nordisk. Theyve got a new weight loss drug. Its a pill, and its showing major promise in early trials. That stock is up another 6. 55 . The dow industrials, pretty green, up about 100. And look at the nasdaq, up over 100 points. Modest rally in pro
Good thursday morning. Thanks very much for joining us i hope you are having a good morning. I am maria bartiromo. It is thursday, march 7, 8 01 east coast the topic of the hour President Biden taking podium for third state of the Union Address he will have to convince voters he is up to the job despite concerns about his age his mental acuity he will have to defend policies that have failed including excess spending the open border, former President Trump calling for debates before general election posting on truth social, i am ready any time anywhere any place says 45, the Biden Campaign told fox news digital i know donald trump thirsty for attention if desperate to see President Biden in primetime join tens of millions tuning in to watch state of the union peter doocy grilled white house about a debate yesterday, watch. All right. Is President Biden going to complit to debate with donald trump. That is something for the campaign he to speak to it is possible there will be no joe bid
City this morning. For our audience worldwide, this is bloomberg surveillance. Equity futures on the s p 500 up. 2 . Date two for chairman powell and in washington, d. C. It is the state of the Union Address. We will catch up with amh in washington. It was a win for wall street but not the kind of win we were thinking about. This was not Monetary Policy, this was about Financial Regulations. Lisa there are lobbyists in washington, d. C. Getting massive bonuses. We saw that 19 Capital Requirement that the largest banks in the u. S. Were going to have to hold under new proposals basically being rolled back. Jay powell saying we will make a lot of changes to this after a lot of lobbying. Jonathan day one was in front of the House Financial Services committee. Date two was in front of the senate committee. The senator from massachusetts, Elizabeth Warren, i imagine Elizabeth Warren has followup questions about yesterday. Lisa i imagine she will not be particularly happy when people are loo
The rally itself to resuming, but weakening into the final stretch, all following yesterdays steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. We are going to bring in our experts on all of that in just a moment. Let me show you the major outages. We have been green all day but weakening as we enter the final stretch. We are Still Holding on, but the dow is only good for about 15 points. Nasdaq has been the out performer. Cut those gains in half, the mega stocks, many of them bouncing back. Nvidia is still positive moving toward 900 a share. Meta is in the green, as well. Apple, microsoft, alphabet, tesla, are all ready now. How about crowdstrike . Those shares are higher after his own earnings report. A lot coming in after palo alto and that stock went down, not so much for crowd. A lot in todays session, near 11 . That takes us to the talk of the tape, rally and risk, how many are front and center, given todays developments. Lets w