Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
3 after demand for the second half of the year is improving. Thats all investors needed to hear today check out the moves. Micron, best day in three years. Amd, all soaring, are they giving the market an all clear sign, guy . Welcome back, scott. Thank you, guy. We missed you last time we had brian we have you back. What would the show be like without that greeting. I dont think it gives the market the all clear the micron numbers were better than the street was anticipating b on revenue, steve knows this, 64 of the companys revenue down 45 year over year. So youre saying how does the stock rally off of that because this time last year, it was a 62 stock. It becomes a math problem. The rally today makes sense. We discussed it last night, but to think you have the all clear based on this, i think is foolish. I think youre having a relief rally, analysts will catch up. I think theres going to be another leg down over the next couple of weeks. The guy says youre way off the highs for name
Vietnam coverage lets look at futures now as we get set up 30 minutes from now for the opening trading for the week were looking for a higher open at this point after a strong week last week road map, it does start with geopolitical risks for stocks. Iran and trade remain, of course, key focus. Stocks set to open higher as you saw. The dow now on pace for its best june in 80 years. Plus, President Trumps rate rant the president calling out the fed saying it is acting like a stubborn child. In deal moves, eldorado i cs entertainment, 8. 5 billion equity val ue deal, well dig into it. We enter the final week of june, the upcoming g20 meeting, tengs between the u. S. And iran and President Trump once again criticizing the fed. This morning, a little while ago, he tweeted, despite a Federal Reserve that doesnt know what it is doing, raised rates far too fast, and did large scale tightening, 50 billion a month, were on course to have one of the best months of june in u. S. History. Think of
Cspan is your unfiltered view of government. Funded by these television companies, and more. Washington journal continues. Host we welcome you back to the luncheon. Talk with us about the state of housing in the u. S. And focus here on Interest Rates and the increase in Interest Rates. Good morning. Thank you for having me. The base point Interest Rates were announced last week. What does that mean for Mortgage Rates in particular in the months ahead . Lets look at what happened 12 months ago, 18 months ago, to today. You had been close to 3 . Today, it is near 7 . This is due to the most aggressive Interest Rate hike policy since the 1980s. Personally, i would disagree with that assessment. There is more indication that inflation will come down further. There is a long impact of monetary policy. It appears to be rolling along. I think the mortgage is priced in. The question is, what is the direction of the future . Any further increases will push up Mortgage Rates up even higher. What
The s p 500 and the imm, the russell 2000. There you see it is a red letter day on wall street. Volatility index spiking. That would be green, folks. That is higher by 5 today at 1625. Lets take a look at the euro. Diving once again, and there you see the euro at 105. 08 down just a bit there. The tenyear note at 2. 1 . West texas crude at 45. 17. Down 4 . Gold up a little bit, an inch at 1152. I lost the number. Well bring it back. Mandy is out getting sunshine. Sarah is in the heart of the action at the New York Stock Exchange. Its good to see you, tyler. Busy day on the floor. The dow down a little less than 200 points. At one point we were down as much as 265. Lets get straight to bob ka san any on whats moving. The euro at the center. Its a choppy week. Ending on a weak note. A little about the dollar. The euro dollar relationship. Weak euro throughout the day. That caused pressure on our markets and increased pressure on the up side of european markets. Take a look at the s p 500