After the bell, here we go again. Earnings its game on salesforce hp hewlettpackard enterprises. Guess. And gamestop all reporting tonight. Well tell you what to expect. A debate on whether gamestop can capitalize on the video Game Movement that stock has suffered mightily. A yield of 9. 25 right now unbelievable. Lets start with todays market rally all four major averages are in record territory the s p crossed 2,600 for the first time today joining our closing bell exchange, david kelly from Jp Morgan Funds peter costa from empire executions is at post 9. Rick santelli is at the cme in chicago. Peter, the engine keeps chugging along here. Oh, my god. Its almost unbelievable to today, this was a little unexpected i think we did have positive data this morning. To see the market open up 150 points without batting an eye and continuing to stay strong, you know, its theres a confluence of really good things good earnings, low interest rates, even with the rate hike next week, next month,
Chin, all of that ahead on bloomberg west. First to delete. Read its revolt over interim ceo is simmering as the Company Struggles to define its future. Pao announced her resignation after more than 200,000 people called for her to step down. In a post on reddit, he believed it is because the board asked her to demonstrate higher user growth then she got she could deliver. He cofounder steve huffman, is , taking the reins. He has already said he plans to experiment with monetization strategy, improve the relationship with users, and do more to define its content policy. Huffman says he is not going to stop some of her policies. Her controversial policies, including a move to ban offensive celebrated subreddits. Cheeseburger is credited with making the idea of a internet meme mainstream. Also, a firm ceo max levchin, also the chairman of yelp. Im so curious on what your take is. And just how difficult a job steve is stepping into. Max im not close enough to know what its going on but it
Delays and will keep your friday morning commute pretty slow. Lets take it over to our maps where you can see the backup along northbound 101 stretching beyond the 280 680 interchange there. And right now, just from hellyer to san antonio, its around 34 minutes. Northbound 101 thats the crash speeds below 20 miles per hour. Bay bridge toll plaza, we have an earlier problem some tow trucks are on the scene. Looks like they just cleared that but its getting slow. Metering lights on, 15minute ride from the maze into San Francisco. Lets check in with roberta now for the forecast. I could not jump up and down enough and tell you how beautiful it is outside. In fact, im going to go ahead and show you. This is from our sutro camera. Wow. We have a deck of low clouds and fog right there. You cant see the can see the Salesforce Tower. The winds picking up, 16 fairfield, variable winds today 10 to 20. A little stratus next to the coast. Otherwise highs today pretty much in the 60s to the 90s. We
Welcome in this morning. Were live at the mobile World Congress in barcelona. The dow is almost exactly unchanged ahead of a big night for the president tonight. Laying out his plan for the budget, defense spending, reaching 3 growth, something that has not been done since before the recession. Good morning. When you say all of that there is a real legislative log jam building here. You get a sense from the president that he is really wrestling with some of the grim realities of governing in a town that is so deeply divided. Here is what he said about his spending initiatives. I think the money will come from a revved up economy. You look at the numbers were doing, were gdp of a little more than 1 . If i can get that up to 3 or maybe more, we have a whole different ball game. Its a whole different ball game, and thats what were looking to do. He also expressed frustration with the complexity of health care reform. Here is what he said. Health care is a very complex subject. If you do i
Nasdaq declining. I think that will tackle a major trend thats shaping this economy, maybe the major trend at this moment. Our time, our schedule, it has been disrupted and we simply arent doing what we used to do anymore. The problem is that our habits are changing so fast, so quickly, unbelievable that businesses cant keep up, and these radical reorganizations of what we do and where we go and what were occupying ourself with are playing havoc with the stocks we focus on regardless of what President Trump has to say tonight in the big speech. Usually its not all that stark. We cant spot it because we have so many data points and examining so much information all at once, its a vortex. Today, though, we got the most violent contrast i have ever seen. Im not kidding, in one day. Im talking about the perfect storm of dominos versus target. What does a pizza delivery chain have to do with a mass market merchandiser . In this case, everything. This morning dominos, longtime cramer fav sin