Live from new york city, good morning. What a week ahead. Nobody earnings two days away. Coming into monday nvidia earnings two days away. We are picking up on the sent of capitulation at Morgan Stanley. Mike wilson has a new year end price target, 5400. The old price target, 4500. A wider range of outcomes and opportunities. Lisa he talked about the fact it is getting harder and harder to have any broad assumption where the market is headed. A lot of analysts have been head fake by a lot of different cycles that are overlapping and prolonging this recovery. Annmarie Jonathan Mike wilson will catch up with us tomorrow morning. That follows Deutsche Bank lifting the 2024 forecast. Looking for 5500 year end. Annmarie i think the biggest data point we will get this week that will decide the direction in the short term is going to be nvidia. Going back to Morgan Stanley, macro outcomes have been in, increasingly difficult to predict as data has become more volatile. That is the theme on th
Maria welcome back. Good Tuesday Morning everybody. Thanks very much for joining us this morning. Im maria bartiromo. I hope youre having good ties morning, its 7 00 a. M. On the button on the east coast. Time for the hot topic of the hour. Former President Trump will return to court for day of his so called hush money trial. Lydia hu is live from new yorks Supreme Court with the latest. Lydia, good morning to you. Reporter good morning. It is the second day of testimony from the prosecutions star witness, one time lawyer for the pfor the president and , Michael Cohen. We heard testimony about the alleged scheme to influence the 2016 election, Michael Cohen told him trump told him to delay payments to Stormy Daniels as long as he could, aiming for after the election. But when payments were needed cohen said he wired 130,000 from his home equity line of credit to hide the payment from cohens own wife. Cohen says trump and allen wiselburg disguised payments. The cross examination will di
Walmart. Who will be the traders pick in the big box Battle Royale . Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We start with the fxi jumping 2 today to post its highe est clo since last august. Its up 35 from its january lows much of that strength coming in the last month look at how some individual names have done in that time pinduoduo gaining more than 20 . The s p, meantime, up less than 2 but these gains come ahead of the expected announcement of what could be massive tariffs against chinese e ve v makers the Biden Administration set to lay out the plan tomorrow. Lets get more on what we could expect from this announcement. Me megan . Melissa, President Biden is set to kwa droquad rupele tarif tomorrow nbc news is reporting that biden will also be raising tariffs on chinese solar panels and batteries. These tariffs are going to be most ly symbolic, especially on the ev front thats a bu
And were hanging out there now. Utilities, financials, they are among the standouts this week. Yields are up a bit too on some hawkish leaning fed speak, and were going to get to that in a minute as well it does take us to our talk of the tape the rally, how resilient this market can remain. Lets bring in kevin gordon, Charles Schwab good to see you. Its been a minute. Nice to see you this markets been incredible its been resilient in the face of so much theoretically its had this nice bounceback. What should we make from it . I think whats nice is through this mini pullback correction, whatever you want t call it, youve removed frothy sentiment as a pretty big risk that had been a risk from midnovember up until march where you had seen indicators on the behavioral and the attitudinal side that had gotten way into excessive optimism territory. As we know from history that can happen for a while until you get a negative catalyst to tip you over that negative catalyst probably ended up b
Guidance plus media moves warner bros. Discovery missing airbnb shares are also falling ahead of the opening the company sees robust demand for travel, but its guidance disappoints investors. The ceo will join us in a few minutes. Lets begin with a few momentum names today, including one of the beneficiaries of the a. I. Boom, and thats arm holdings, down sharply as guidance comes in below consensus. But shares of the chip designer still up 90 from the september ipo price of 51 a share revenue up 47 licensing up 60. Yeah, look, i think that rene haas will be able to tell a good story, that there was really one question on the Conference Call by a goldman analyst whos very, very good, which knocked the stock down, which explained the dow is a 70 sequential problem when it comes to the some of the royalty arrangements they were basically saying, david, that it was internet of things and automotive. That is not unusual. That is what everyone has been saying, like on semi has been saying t