Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean
On the systemic problem for amazons delivery network. And what shares of tesla are doing for the first time in history. All of that as Worldwide Exchange begins right now good morning welcome to the show. Im dominic chu in for Brian Sullivan lets talk about what stocks are doing on this abbreviated trading day. Dow is up by 17 points s p at 1 and nasdaq around 7 markets are closing at 1 00 p. M. Eastern. They will remain closed picking up for a full day of trading on thursday today also kicks off the first day of the official santa claus rally period which happens the last five trading days and first two trading days of the new year the s p has posted 1. 3 average gain in the last ten years, the markets only posted two losing santa claus sessions as you see in 2013 and 2014 the santa rally, a powerful force. Lets go worldwide to see what is happening with the trade. You can see, a fairly mixed session, the nikkei about flat down about 0. 01 looking at what is going on in europe general
Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf
You can see were set up for what would typically be what weve seen most days higher, european markets this morning as well. Well look at right now and they are as you see largely in the red. No major moves the uk has come to light here in the last couple of trading days, though, making up perhaps some of the gap with the other markets. The 10year note yield hanging around the 2. 4 level where its been and earlier this week we saw wti cross above 60 and it is there again. That has actually been a quietly big story you might argue. That just happened last night, right we did earlier this week and now were back above Natural Gas Prices you might expect also moving up a legal bit, recently given our kitchen pipe froze. Oh, no. Yeah. Welcome to homeowners. These are the joys. But a quick Public Service announcement, you take a hair dryer on the pipe and we got it going again. Then you let it trickle all day and hopefully well be able to make dinner tonight. If not, you let us know. Im comin
Red across the board on some weak u. K. Cpi. Respectively sitting at or around new highs, the nikkei logging its best gain in two months. Apple puts ice new ipad retina on the market. And walmart steps up the competition. Another record close for the dow. The s p finishing just a fraction high of the alltime high. The nikkei closes at a high. And up say, jim, the dips are bought again and again and they are. A lot of times its just the intra day dip. Something might happen, a piece of data comes out and people say this is my chance. Theres a classic downgrade today of fedex. Fedex has been on fire. That deal with amazon and the post office, that is bad for fedex. Watch that stock. That will be the tell. It will go down a little and then buyers come in. Buyers cannot resist the transports. The downgrade of fedex to a market perform, they raise their price target from 136 to 117. They dont even mention the amazon ups deal. They say the value is outpacing demand i say thats convincing, i