A 5 billionwith fine off it scandal. Shery lets get you started with a quick check of how the markets closed in the u. S. To recordor indices saw a highs with the s p 500 topping 3000 for the first time. The dow gained. 9 . Tech in industrials leading the gains. The Energy Sector saw some gains as we had crude rallying on the potential impact of Tropical Storm bailey very. Barry. \ we had Producer Price inflation looking affecting the outlook of the Federal Reserve. Witht seeing record games the s p 500 gaining for a second consecutive week. Lets see how the markets are setting up as japan is away on holiday. Sophie investors wanted to contend with a stronger yen, which is below 1. 08 against the greenback. Eased theirhave earlier advance. Marginally higher. Could be set for another day of gains. Could see another day of close record closes. Tested as the be japan and korea spat wears on. We were expecting a cautious a data dump await from china, economists predicting the slowest annua
Estevez in that movie. Charles just hope you never have to meet em in real life, theyre rough. Liz charles, thank you very much. Folks, weve got a special edition of the claman if countdown due to multiple plates in the air that are scheduled to start spinning in the next couple of minutes. Weve got stocks right now mixed at the moment. The dow is down 14, s p up 16. It just needs a gain of 19 to hit a new record. Nasdaq up 92. And we are conning to watch this mixed picture, but mostly higher due to the benign inflation read. The 2year yield has been falling in response. Weve got it down 1. 6 basis e points, off the lows of the session. But, look, does anything about that january pce Inflation Report change . Blackrocks bond guru rick reiders timing of the Federal Reserves first Interest Rate cut . Rick is coming up in just a moment the tell you. In the meantime, bitcoin very quickly here continues it epic climb. Coming up in this hour, the ceo of Bitcoin Miner marathon digital is here
Year of running the electric truck maker. And why and and why a familiar face is taking the wheel. Abbas on an amazon reporting apple and amazon reporting quarterly earnings, its market cap now below 3 trillion u. S. Dollars. A lost that market cap around. The other end of the scale, amazon up 11 on an intraday basis on track for its biggest jump since november, a beat across the board. We will dive into the earnings of both companies but i want to start with apple because this is a really big change of sure. Softness for iphone in the fiscal Third Quarter gone, over new rev overall revenue beat expectations but it fell 1 yearoveryear. That makes it the third consecutive quarter that apple is seeing a year on year sales decline. You see that on the far left inside of the chart. That is the biggest run of the kleins on sales dropped since 2016 but you go back 20 years, all the way over here. If we get another year on your Quarterly Sales decline for a fourth consecutive quarter, that is
This is bloomberg surveillance. Alltime highs in the s p 500 with the three day winning streak, 20 fourth record close so far for 2024 and the main event is coming right up, 2 trillion market cap. There is only one name, nvidia. Lisa the most important Macro Economic event, one of the most important events on the calendar thats where we are at with one name, one company can dictate the Macro Economic backdrop for an entire market and thats today. Jonathan raising the bar once again going into the numbers later this afternoon. Barclays raising their price target, expecting a beat and a raise. Annmarie its not about if they beat expectations but its by how much. The bar continues to increase for nvidia that they need to clear. To avoid a selloff, they have to be estimates by 15 . Jonathan its about target or tarjee. Lisa its the upper crust of that kind of store which maybe they want to get away from. Jonathan up 2. 5 in the premarket. We will get Price Reductions on 5000 goods. I imagin
Saturday. Israels death toll risen 1200 from the am has attacks, terrorist attacks there. Later in the hour well speak to ahmad talking about the never ending human cost of conflict in the war and region of the world. Meanwhile the stock market remains resilient. Well talk later in the show about potential buy signals. Thats right, this market could be on the verge of a major breakout. It has been a huge week already with the aftermath of the jobs report. We got nfib this morning. Big news on inflation comes tomorrow and rest of the week. The fed is holding to two piss market. John lonski will help us handicap the cpi and ppi report. Interesting comments from the fed. They may be ready to blink. All that and more on making money. All right, as i said President Biden set to provide remarks on the war on israel at any moment now. Well take them live and well discuss all aspects of it, the human toll, the military conflict, where it goes from here. Well also talk about the stock market an