Options action, on the desk, mike khouw, carter worth and brian stutland. As the markets close out a losing week, Financial Sector has been trailing further behind. Carter thinks thats indicative of a larger theme at work here. Carter . Interesting, of course, jp morgan has been the best but still the bkx index struggling. Theyre making alltime relative highs to the bkx and kre, on absolute basis they look to be rolling over. Lets look at a chart or two. Sticking with jpMorgan Stanley. First thing to note, its quite remarkable. Morgan stanley is the same police it was in september of 2000. So, now, if you have a stock thats gone sideways for 23 years, that means adjusted for inflation, youve lost about half your money. 23experience year, year over year, lose 2. 5 . Thats pretty unhappy. Zeroing in closer, this is the trend line in effect since the covid low. We have converging trend lines, one could say your arrow is wrong, carter, its going to break out. I think its going to break dow
Launching and landing a reused rocket weve got the ceo of a publicly traded Company Looking to capitalize on the increased excitement around space these days. Wonder if they call them certified preowned. Thats coming soon, im sure. Yes. After the bell, bitcoin millionaire, a young man who bought bitcoins at 12 is now worth millions good for him hell tell us whether he is selling right now and whether hes investing in ethereum, litecoin, or ripple. Or whatever the coin is. Isnt that a wine lets get to the big story out of washington right now. Republicans sprinting to pass tax reform before the holiday recess and a final version of the bill, we are told, is expected to be released in just a couple of hours. Ylan mui who has been way out in front on this story today gives us what she knows right now. Ylan reporter bill, senator marco rubio is making it official, he will be a yes on the republican tax bill as weve been reporting since earlier today. Now, hes onboard because republicans we
Was slowing down old devices what theyre doing to win back favor and what it means for the stock. First, stocks rallying to kick off the new year. The nasdaq and s p 500 both closing at record highs with nasdaq closing above 7k for the first time ever. It does feel a bit like 2017, when tech crushed the competition, soaring 37 what do you do in this new year . Do you stick with what was working, namely technology, guy . I think you do, mel, and happy new year i think you do stay the course people want to play the laggards, but stay with what works and what has worked. Dan nathan has been on this. Intel, big move to the upside, valuation is reasonable. Micron had that huge move from basically the low 30s up to 50, retraced back to 40, had a decent day today valuation of micron makes sense, dram pricing is still heavy. Texas instruments, great story, theyre in great places, but now 24 times forward earnings, i think its gotten expensive. Technology works, just be aware of what youre buyi
Drawing on the historical special relationship between their countries. I think the feeling is mutual from the standpoint of liking each other a lot. There was a little but of a false rumor out there. I just wanted to correct it. Here with the latest is alex wayne who is over there in davos. Thanks for joining us. Give us your best take based on your reporting of how the trip is going so far for President Trump. He just got here and he has been treated as you would expect the president of the United States to be treated at davos. He flew in with he just got here delegation on for five helicopters. When he came into the Convention Center he was mobbed by participants at the conference by media members. He has been Holding Court for a couple of hours in meeting rooms. Just letting people come to him. Theresa may, benjamin netanyahu. On for abeen going couple of hours. Hes going to do dinner and reception with a bunch of corporate ceos. There are a lot of people here who want to talk to h
Carusocabrera in davos. And she is with the man who just finished up with President Trump squawk joe kernan. Michelle yes, thats right thanks so much tyler i am here with joe wrapped up extensive interview with president know a lot of things you talked about. Give us some of the highlights. Mr. Trump comes to davos. What would be anyones first question i wanted to know here you are coming into the bastion of elitist and everything else. How are you going to sell the american first agenda to the crowd we have here in davos . When i decided to come to davos, i didnt think in terms of elite es or globalist i thought in terms of lots of people who want to invest lots of money and all coming ba can to the United States they are coming back to america. And i thought of it much more in those terms. After i said that i was going, there were massive stories about the elite and the globalists and everything else. Its not about that. Its about coming to america and investing your money, creating