Im sara eisen im wilfred frost, very good morning to you from me as well good to be back. Good to have you back after a crazy week in the uk and we thought the comey testimony would take the week theresa may managed to shoot herself in the foot and the uk delivered another surprise june vote looks like she will forge ahead. Just about. She will be able to continue for now. The question is for how long well discuss that later lets check in on the markets. After another big tech selloff dominated the trading day yesterday on wall street futures pointing to a bit of a rebound this morning dow futures up 45. S p 500 up 6 nasdaq futures are up 21 so maybe a reprieve from the tech selling check out the nasdaq twoday chart. Were talking friday and monday. Brutal day for tech. Monday not as bad as friday. The nasdaq 100, which tracks these big cap tech stocks having the worst twoday session since back in september. Names like facebook, amazon, apple, netflix and google, the big winners and sti
Its a tougher call than i thought, even on a day the dow gained 93 points s p up 5 , 4 , record highs and nasdaq climbed 7. 3 . So many crosscurrents out tlrchlts bi,. Byuy, buy, buy, buy, buy. Since 2009, a techled selloff as friday you typically get much more follow through than weve seen this time around in other words, youd expect a tech debacle friday. All right . To be followed by a second wave of selling on monday sell, sell, sell, sell, sell with moneyal rog in arollingr household name stocks. That didnt happen back into tech almost intantly heres why almost all tech selloffs triggered by earnings shortfalls from key cities. On day one, a tech company preannounce as sharply worse than expected quarter. This was friday. Often in parts of the hottest area, social, cloud, video, machine learning, Artificial Intelligence that move shocks people. Takes the breath away. Because its seen as being the tip of the iceberg others there, need to be taken down too simultaneously, instantane
Happy friday welcome to Worldwide Exchange on cnbc. Im sara eisen im mike santoli in for wilfred frost. Before we get to the markets, breaking news to tell you about. The Russian Military says it may have killed the leader of isis in an air strike in syria. The Russian Defense minister says he may have been killed in an air strike late last month just outside of raqqah the u. S. Is not confirming these reports. Well continue to follow developments on this breaking story. Now we can check on the Global Markets. After another selloff on wall street, tech stocks moved lower yesterday as has been the case, down about a half percent. The overall market was down less than that. Things are looking up this morning in the futures market. Dow futures up 40 points s p up 5 nasdaq up six. Lets show you the tech stocks in the premarket thats been such a driver of the action lately with the nas dak starting to underperform it looks like theyre firmer as for the tenyear treasury note yield, slightly
Expect sluggish growth. He said he wants to take that think about and rates. Oil is currently unchanged. It has been bouncing around all morning long. Yesterday falling to as low as 42. 75 a barrel. It is entering a bear market, the 21 to its peak, and dollar coinciding somewhat with oil. That is holding your a onemonth high, gaining as much as 1 over the past two weeks. Lets get an update on what is making headlines outside the business world. We are checking in with them on first world news. Has won theel special election for the house seat in georgia for the gop. She took 53 of the vote against democrats. Democrats have hoped to capitalize on debt President Trumps low approval rating. In london, the queen said the government will try to maintain its subtle relationship with european allies. She outlined Prime Minister theresa mays legislative agenda in her annual speech department. Queen carried on without her husband, prince philip. He was hospitalized for an election. In saudi ara
The flat line. Dow futures up by 9 points s p futures down by 1 point. Nasdaq up by 5 1 2 nasdaq up for two out of the last three sessions as Technology Stocks continue to defy odds. Oil prices dragging things down yesterday. You can see in asia, the nikkei down slightly. Hang seng was weaker shanghai was down by a third of a percent. In europe, in the early trading, already seeing some modest declines the cac is the biggest decliner, its down by a half percentage point. The ftse off by 0. 4 crowd oil prices sitting at a tenmonth low. 42. 80. Still below 43. The big stories were watching today anything that happens at uber is big. Its another departure it took a day, but its front page on all the papers today about travis so late it missed the papers. Even now, if youre interested, some guy named bill gurley, who you may or may not know, a venture canpitalist at benchmark who was behind the push to get ckalanick out, now e stepped down from his role at company. Gurley served as a board