Thank you for reminding us it is tuesday. I nearly said monday. Just about caught it. Lets check on Global Markets this tuesday morning. A muted session overseas as well look at u. S. Futures right now. They are indicating a higher open, which would technically mean a new high for the s p 500, which right now is up about 4 points in premarket trade. Dow jones seeing a gain of 40 points. Nasdaq up just about 12 points here in premarket trade. I think the story from last week was the trump reflation trade was back. We got between 1. 5 to 2 of gains. The bond proxies underperformed, and banks led the way. The one part of the trump trade that did not take part was the dollar, which we can come into more detail later. Lets look at the tenyear treasury note. Yields spiked in the middle of last week. They did settle by the end of the week. For the week as a whole yields were up. They did rise late friday and over the weekend, 2. 45 the yield there. Patrick harker the latest fed member to add
Wti is higher by 87 cents, 54. 27. Brent is higher as well, 92 cents. 57. 10 over in london. Nat gas is lower by 7 cents. Decline of more than 2 . Among the top corporate stories, kraft heinz is withdrawing its bid for a merger with unilever. Kraft worried that it would be too hard to negotiate after the Public Disclosure of its bid so quickly. A kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. Restaurant brands is in advanced talks to buy popeyes. The deal will probably be valuing popeyes at 1. 7 billion. An announcement could come this week. Wandas proposed 1 billion acquisition of Dick Clark Productions is under pressure. Wanda is run by chinas richest man. It already owns Legendary Entertainment and amc entertainment. Reuters reports wandas deal for dick clark is shaky but not yet dead. Part of the problem is they cant get the money out of the country. By the way, on this kraft heinz deal tell us. It
Im Michelle Caruso cabrera. The dow and nasdaq and s p 500 hitting alltime highs. The dow in particular has been unstoppable, on the longest winning streak since july. Up to the eighth straight trading session. Commodities are always volatile. Check out nat gas down 9 . Its been warm in the northeast. Huge part of the nation has been warm. Take a look at that. A decline of 29 for nat gas. Dont see that very often, tyler. Michelle, thank you very much. Because you can never have too many lunches, welcome to power lunch. Im tyler mathisen. We begin with this rally in the stock market. For that, lets go to bob pisani. Hi, bob. Hello, tyler. Happy tuesday, everybody. The important thing is this is a global rally. Its not just the s p 500. Not just new highs here. Germany hit a 52week high. Brazil hit a new high. Canada hit a new high. Some of this is on the commodity rally but theres a global rally going on, two powerful forces moving the stock markets around the world. The first one is th
Dagen im Dagen Mcdowell in for kennedy. I miss her. We are officially one month into the trump presidency. Four bills signed into law. One Supreme Supreme Court nomination. A few hundred thousand tweets. Over the weekend the president signals hes just getting started. You have seen what we accomplished in a very short period of time. The white house is running so smoothly. So smoothly. Believe me, i and we inherited one big mess. That i can tell you. Dagen can the trump train keep chug ahead at this dizzying pace . Joining me, chris stirewalt. Im not laughing at the president. But hes such a plaster at change the news cycle. Well, look, his first month in office wasnt perfect. Lets say. Dagen whose is perfect . You and i talked before, bill clinton had a famously horrible first 6 to 8 months in office. Dagen hillarycare. Two failed nominees for attorney general and the controversy over gaze in the military. And it took a long time to sort out. Here is the thing. Being president is not
Dagen im Dagen Mcdowell in for kennedy. I miss her. We are officially one month into the trump presidency. Four bills signed into law. One Supreme Supreme Court nomination. A few hundred thousand tweets. Over the weekend the president signals hes just getting started. You have seen what we accomplished in a very short period of time. The white house is running so smoothly. So smoothly. Believe me, i and we inherited one big mess. That i can tell you. Dagen can the trump train keep chug ahead at this dizzying pace . Joining me, chris stirewalt. Im not laughing at the president. But hes such a plaster at change the news cycle. Well, look, his first month in office wasnt perfect. Lets say. Dagen whose is perfect . You and i talked before, bill clinton had a famously horrible first 6 to 8 months in office. Dagen hillarycare. Two failed nominees for attorney general and the controversy over gaze in the military. And it took a long time to sort out. Here is the thing. Being president is not