Joins us live. The dominate the ev market is not all bad news for u. S. Auto stocks and theres one name that may benefit from it. Youre looking at the chart there and well reveal that coming up. Dom chu with the numbers and its all about nvidia these days, dom. Its helping us drive two of the major indices to record levels so far today. The market is mixed, but marginally so, you can see the dow is slightly flat and slightly lower in the session and ill put a couple of stars out there today because earlier today the Dow Jones Industrial average hit a record intraday high and the nasdaq composite also hit a record intraday high and the tech heavy index and the nasdaq at 16,818 is at session highs and i will point out the broader s p 500 is onethird of 1 and 22 just about flat at the lows of the session and we came in less than woin point on the basis of 5300 of getting a new record intraday and keep an eye on the record levels for the s p, the dow and the nasdaq composite. Two other pla
Strong results. Caroline jeff bezos and andy jassy deleting chaps amid an antitrust probe. Lets check in on these markets. This is a macro picture on the day and some earnings galvanizing a drive higher. Nasdaq up more than 2 then. We see the core pce that the fed so loves coming in line. We are not calling, but we are not exceeding expectations. The market is relieved and we are seeing about of good, healthy increase in certain stocks. A 10 year yield dives down onto the back of that pce number. Even though we see bonds indeed rallying coming yields falling lower, the dollar still resilient against the japanese yen. Will we see intervention from the boj . Moving on, have a look at what it is doing against bitcoin. Dollar strength against bitcoin. Crypto on the downside. Ed it is all about earnings. Intel is off session lows. And just a moment, ian king will give us the numbers and then we will speak to the intel ceo. Microsoft and alphabet are all about cloud growth driven by ai produ
Check things out today because we have now seen already 69 record closes for the dow this year if there is another record close today, as you would indicate if you see these gains again, this would be the most record closes weve ever seen in any year for the dow. Last record watts set in 1995 and that was a record of 69. The s p is already in record territory. Weve seen 61 record closes for the s p and thats compared to 18. The dow indicates almost 24,800. You see what im looking for. I cant see your screen. Its a map of south america because the train the sorkin train was oh. No, no. You said san paulo. I was down in san paulo where am i now youre down across from the falklands. The train is. Youre still here youre here i missed the train, as you know youre still in jersey, i think, camden or something not even. I havent left the island of manhattan. Seriously. Im stig thinking im like just hanging outside of penn station. The sad thing is, i had to look to figure out which one i knew
London. Its jobs day. Eurodollar, the one thing we need to watch out for 1. 2051. That were expectations these equities would go higher. We are seeing a little bit of retrenchment out of u. S. Equities because valuations, a lot of people think, are more attractive. Kettneree if max scherze thinks the same. The u. S. Jobs number, 2. 46. We will ask him about brexit. Ask him about this rotation into bonds. In later on, we speak with will em buiter. I know he has a thing or tow to say about germany. Sebastian in the u. S. A bombshell book detailing the backstabbing in Donald Trumps administation is being published four days ahead of schedule. The white house has been defending Donald Trumps Mental Fitness for office, an i ssue raised in the book. If he was unfit, he would not have defeated the most qualified group of candidates the Republican Party has ever seen. This is an incredibly strong and good leader. Thats why we have had such a successful 2017. Sebastian north korea has agreed to
Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong