Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
Record. Manus it is daybreak europe. The words of the Vice President of the United States of america now open up a new salvo in the trade wars. Those words are the president has made it clear it is going to be very hard for us to do a deal with china. Geopolitics and human rights is the new escalation in trade wars. Nejra it is interesting, the timing of these two stories coming through both having an impact on the markets in terms of the hong kong bill and how that could have an impact on the negotiations. They are going to go back to that may template in terms of rolling back tariffs. We know how much hope there was ahead of that only to be thwarted later on. Highrises of the beijing. We have come here specifically to host some pretty good interviews. The roster is pretty high quality. It is the Bloomberg News Economy Forum. We will speak to the Standard Chartered ceo and the ubs group ceo. We are going to catch up with the Goldman Sachs chairman and ceo david solomon. The former whi
How we get there and the speed and trajectory, that is where the confusion is now. Officials are talking about the possibility of a rate hike. Richard clarida will be here to help us break it all down. After a dramatic week, the dollar index is still slightly higher but a threeweek low. Own, and nomc job one knows what they are talking about, futures negative the dax is down 6 10 of 1 . The ftse 100 down one third of 1 . The bloomberg dollar index up about one half of 1 . You are seeing this more acutely against the commodity commodities currencies. Far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. On the back of dollar strength, some crude weakness, the dollar index down by 6 10 of 1 . Yields creeping higher on the belly of the curve of treasuries , up 2 10 of 1 . A lot to discuss so far this week, a Big Conversation over the fomc pivoting forward to the speech that friday. Alix who is going to want to take big positions ahead of Janet Yellen
Money trade as it relates to energy, and the oil bottoming, and the u. S. Dollar, and that has ended. I would take the chips that one might have and a materials, energy, lower dow type of trades and move them elsewhere. Myself, i bought some puts in the xle, and the xlb in the last couple of days. You sold all of the holdings on friday . Yes, and i told friends that i had in energy names to do the same. And i truly believe it is the dynamic as it relates to the currency, and steve has often talked about what has changed fundamentally as it relates to oil, and not very much. It is a currency story, and the reversal to dday is power nfl t u. S. Tlar where it was this morning and where it is right now, and that trade is now past for 2016. You sis the other side of it . No, i tend to be with joe. And we have been talk about the dollar for how long on the desk, and talking about this, and the energy and how we have been correlated with the market and that has not broken. People have come on
Agricultural secretary. We begin with new u. S. Sanctions targeting russian officials. What is the reaction . So far we have the u. S. Releasing its list of seven new individuals, most of them considered from these close to and on the ee, you side 15 names of individuals to a list of 55. Sanctions include some high profile people, and tech, theead of raw companies themselves were not sanctioned. Some that we heard last week might be were not. Rallied on this news in russia, and we saw the recovery to a sixweek high. We also saw some traders saying this wast sanctioned light, less than it. Will any of this change president putins behavior . I do think this immediately will, and Even Administration officials who spoke to us this morning i knowledge data must. Acknowledged as much. Theyre trying to get closer and closer to putin himself. As much as president barack they ing thantarget personally, this is closing in on his inner circle. The is nothing to be about ukraine only. They are try