Stuart the producers, the Rolling Stones playing most days. This is a Beautiful Day in new york city, 75 . Sunshine on sixth avenue. It is 10 00 eastern. The dow is up 80, nasdaq down 13. Show me that we 10 year treasury yield. Its important to investors these days. The yield is well below 4. 5 , something of a plus. The price of oil 78 a barrel, 77. Bitcoin, we check that out, 64,000, now it is 63two. Thats the markets this Tuesday Morning and now this. If your cause is considered just by the left, you can do what you like, you are doing the right thing, so you should not be punished no matter what you do. Thats what we are seeing on the streets and on campus. Disruption, vandalism, antisemitism, no consequences. This was the scene in new york city. Thousands of antiisrael protesters blocked traffic, burned the american flag, vandalized a world war i memorial. The police were trying to stop the rioters when the elites were parading. Virtually the whole city was disrupted. Essentially
Down for a fourth straight quarter and the stock down 10 well talk to brian grazer plus, ipads, keyboards, maybe cars well look at the trades from here. And dow being hurt by disney, wouldnt it . Im here. I want to wish you a welcome back, because we have missed you. To her point about specifically whats going on with that trade for the dow, if you look at disney shares, but for disney we would be up about 100 points on the dow. Were currently up about 5 the s p 500 is trying to get back to that 5200 level. Solidly above the 50day average price on a rolling basis at these levels for the s p were about 1. 5 away from record highs and 5 away from the lows we saw back in april. Thats a pretty strong move. The nasdaq up about. 25 generally speaking over the shorter term, weve seen yields drifting lower the twoyear note yield is at 4. 81 . The tenyear at 4. 43 . Crude prices up. 5 . Gold trades off a little bit and bitcoin sits at 63,574 check out some of these names. Amazon is one that we
Angen soaring and comments on its version of an obesity drug, and apple hires and focuses on that record buyback. Is the Company Using 110 billion to wallpaper over some weakness or were the results not as bad as feared . Steve covac covering apple for us from sfans. Hey, steve. So look. Last quarter revenue was down 4 , iphone sales down 10 , but no one really seems to care because apple gave its shareholders the biggest stock buyback in corporate history. Thats 110 billion, increased the dividend, 4 to 0. 25 and went towards modest growth which was expected as some have been trimming their estimates. China sales were down 12 , and in an interview yesterday, i was told iphone sales in Mainland China grew. Thats countering the narrative we have been hearing over the last few months. I also asked cook about his recent visit to china just a few weeks ago. He told me, quote, i feel great that in an extraordinary, competitive environment, that we grew iphone sales in Mainland China last qu
That was the trigger point i pointed out last year the tenyear yield was up 10 or 11 basis points and the stock market was down 3 that shows you there was a little catchup. I dont think tech is where we have to look at the epicenter. Its about can the economy handle rates its about consumer cyclicals giving up their advantage. If you look back to the beginning of the quarter when we were at 3. 8 on the tenyear treasury, were now up to 4. 5, the nasdaq 100 hasnt underperformed the rest of the market the rest of the market has also been suffering is under this pressure one of the reasons is, i think you have to differentiate. Microsoft, we know what theyre going to earn as far as the eye can see, roughly speaking. That gets discounted back when you worry about the yields its not a big swing factor in terms of valuations. Youre not just buying an annuity and comparing it to the yield. Youre buying a profit stream that can go way up or way down relative to expectations. Thats why Conferenc
Record stock rally off to the best start, best yearly start in more than a decade. Apple addicts, billionaire share hoerlds urging the iphone maker to take action against the long term consequences of childrens smartphone overuse. Nvidia saes big bet on autonomous driving, teaming up with vw. The best start to a year since 06, closing the week at record highs and s p and nasdaq turning in the best week since december of 2016 and the street now beginning to look ahead to earnings season wells fargo coming out with results later in the week well get Inflation Numbers and retail sales and citi and Media Conference and Morgan Health care conference. You mentioned nvidia and wong going down to consumer conference tomorrow. Whats happening is an interesting opportunity, the futures are down for once. People can get in provided that the stocks themselves dont go up im talking about caterpillar, United Technologies and nvidia, they are ramping, maybe let them come in and get a chance the resea