Looking at the worst week in two years with all of the averages well see what happens today its been interesting to watch volatility to see whats going on meantime, lets take a look at whats happened overnight in asia the nikkei was closed for a national foundational day holiday in japan the hang sentence down over 0. 1 shanghai composite and stocks in south korea higher with the kospi at 1 . In early trading in europe, you can see things are in positive territory as well. Big gains. Gains of 1 or better across the board. In fact, the dax is up by 1. 9 right now. Then if you take a look at treasury yields, this is a big story. What kind of inflation do we see. The tenyear is yielding 2. 88 this week, were going to be getting inflation data cpi on wednesday and thats something that else to see if inflation is really out there. A couple big stories were watching before we get back to the markets. Vice president mike pence said the u. S. Is open to talks with north korea but will continue
From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough its like a fit bit for the market. Its not even the range anymore. Its brand new. Were talking about the full ride. We moved 100,000 points this week. It means nothing. We totalled it up for you. Lets tell you where the u. S. Futures are after what was a wild yesterday as things got pretty bad late in the day. Well try to get an explanation from our guests throughout the morning but the dow jones does look like it will oip up now 275 points up. S p 500 would open up higher as well. 33 points hig
Look at Consumer Technology space, youre talking b about amazon, which is over 2 waiting in the s p 500. The next closest company to them is less than 1 , so, a money manager, you have to own amazon. The same thing for google, which is close to 3 , only apple dwarf that, close to 4 . So these are must owns for Money Managers. As far as for the retail investor, okay, theres nothing about these quarterly reports that would encourage you to excel, except if you said its rich on evaluation basis. Weiss . Theres nothing you have to own, but i agree with joe in terms of how Money Managers look at this. When you look at amazon, you take a look at it, i said, wow, 40 bucks, thats an unbelievable move. But you know what, you look at capital as return on your capital. Percentage returns. So, im looking at that up 4 last night, im look iing at Western Digital up 10 . It is which is a lot more than, even though it was only up 8, so the only thing thats got to be owned is a bid for jim while hes wa
On cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Good thing you came back for throwback thursday. Main reason im here what is it today . Throwing it back to songs from the best movie soundtrack. A bit of the bee gees. I thought you would be holding out for something different. U. S. Equity futures after a m mini move yesterday are soft this morning. Dow futures down 19. Dow underperformed yesterday thanks to disney shares and earnings there. S p down 3, nasdaq down 8. Tenyear treasury note yield, yields pulled back yet, 2. 40, bangon 2. 40 for the tenyear yield. Maybe a bit of buying. Well see what the mood is like. The yield ticked up over the course of the week. Started around 2. 33. New Zealands Central Bank Holding Interest rates steady. That was slightly unexpected to see the kiwi fall a bit. Markets across asia, slight gains. A third of a percent for japan and shanghai. Hong kong up a half percent. We have seen softness in iron ore and coal prices co
Happy friday, welcome to power lunch. Im melissa lee. A look at the markets this hour. Its fairly quiet ahead the threeday weekend. Marginal gains for the dow which is up by three hequarters of a point. S p level. Nasdaq is up by two. All three indices up more than 1 for the week with the nasdaq leading gains. The defense stocks keep on rolling. Boeing, general dynamics, lockheed and northrop all at lifetime highs. Im courtney reagan. Here is what else is happening. The second reading of First Quarter gdp at 1. 2 despite beating estimates its the weakest reading since the First Quarter of 2016. On the economic front durable goods falling for the first time in five months dragged down by orders for transportation equipment. A new forecast from t11 to 17 named storms during this Hurricane Season that would be above normal. Courtney, welcome. Lets hope they are wrong. It is championship time. The Pittsburgh Penguins are heading to the stanley cup finals after an unbelievably dramatic game