According to this market with the dow gaining 23 points, s p advancing. 09 , the answer is it can be fun and it can be rewarding as long as you know what you own now i realize im going to get a ton of push back and fun and invest not supposed to be fun. Were told fun is classic sign of a top people are giddy in buying everything that moves, it means that the market is peaking. The house of pain. Its absolutely true. I dont think were there yet. Now not everything is moving you need to be selective with the stock. Not like this isis euphoria. Remember this whole run started with j. Powell indicated hes monitoring the economy and will cut Interest Rates if he needs to so if he comes out this week and says the consumers economy strong and therefore we dont need a rate cut, yeah, sure. That could be troubling. Were told that trump can crush us its happened before its less and less likely to rock the stock boat given the ugly polling were told evaluations have gotten insane,however, thats o
He. Live from new york where business never sleeps, this is squawk box. Good morning welcome to squawk box on cnbc. Im becky quick along with joe kernen andrew is off today. Weve been watching the u. S. Equity futures, things are still in the green dow indicated up by 60 points. The s p up 7 and the nasdaq up 27 the dow and the s p 500 for the month of june are Still Holding on to their gains. For the month, dow above 26,000. Look at what happened overnight in asia. The nikkei was down by a half percentage point the stocks were flat for the hang seng and shanghai composite. In europe in some early trading, there are green arrows across the board. The biggest gainer of the three major averages is the dax in germany, up 0. 4 in italy, stocks are up 0. 6 watching the treasury market in the United States, the tenyear is yielding 2. 112 . The u. S. Navy is assisting two tankers reportedly attacked in the gulf of oman. According to the fifth fleet, u. S. Navy forces in the region received tw
Is to start the hour what did you think of that journal piece . Were both journal alums, they put work into that, yes . A lot of shoe work in there they didnt see the emails themselves seems theres compelling evidence that the emails reveal what i think we have long suspected which is there is a pattern in this leadership of trying to brush this under the rug or dismiss it or not taking it seriously enough. This comes down to more than just the letter of the law or in this case the letter of the Consent Decree this is about the spirit of it is this a Leadership Team that wants to come out and say were going to go above and beyond when it comes to the privacy of our customers, our most valuable relationship or are we going to try to do the bare minimum we can in order to abide by the Consent Decree. The question is whos the customers. Does this matter until an advertiser says im not spending my dollars with you. Thats true what this revelation we know that facebook violated the Consent
Eager to buy or sell stocks ahead of next weeks feder reserve meeting, but they were eager to sell shares of gottenductors which hav themselves caught in the middle of the trade war with china. Add to that the rising geopolitical tensions in the gulf of oman which lifted oil prices for the second straight day and when all was said and done, the dow wasn just 17 points and were at 26,789. The nasdaq was down 40 and that was the Technology Stocks there and the s p was down four and for the week all of the major averages were up only fractionally. Mark thsantoli seems tha market is teetering. Its something of a crossroads. While the s p 500 held the gains with the 5 rebound from the start of june. Tradingdolume slond the indexes worked sideways ain investors re in suspense on a couple of crucial policy issues. The Federal Reserve meets next week as the bond market hasov in to price in high chances of a rate cut by july. The slowdown in Global Growth and decline in the inflation rating as
Chewing dotcoms first day of buying has really been seen since the 2008 crisis. The u. S. Justice department is nearing approval of tmobiles 26 billion merger with sprint. This is according to the New York Times. A group of states sued to block the deal claiming pressure on the Justice Department. Our reporter joins us from new york, what do we know . Reporter the doj has been continuing negotiations with sprint and tmobile about how to approve the deal. Sprint and tmobile have promised to do vest a number of assets that include the prepaid phones. Also some spectrum assets to the sec. They are working with the doj to potentially offload some other assets. They have a list of buyers the doj would be comfortable going to. Sprint and tmobile are working with them, that includes dish and others. What the doj wants is for a fourth carrier to be set up out of this deal. Even after sprint and tmobile merge, which would take the players in the market from four to three, the doj want somebody