Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
U. S. To helping chinese intelligence. Claims to there are the South China Sea. Coronavirus cases topping millions, and florida surpasses new york as the second most affected state behind california. A daily record for deaths. Pause as they debate new stimulus. Republicans would like to extend the jobless payments to cover 70 of lost wages as the Economic Outlook dims. Shery lets look at how markets are trading at the moment. We see u. S. Futures to the upside after stocks fell last week with escalating china tensions, not to mention the wrangling in washington. For thegold sent above First Time Since 2011, and the , the nasdaq composite finishing at a twoweek low. Take a look at what well is doing. Is doing, brent above 43 dollars a barrel. This, of course, after we saw some pressure last week on signs of weakness in the u. S. Labor market. Prices dids oil manage a gain. The dollar index fell to a sixmonth low, the week dollar overshadowing concerns. Yes, lets take a look at asia, a p
Last night iran launched Ballistic Missiles at iraqi air bases that housed u. S. Troops and none hurt, nasdaq was higher about an hour before the close so is this market being resilient or are investors being complacent sell sell sell. Why not both. Thats what it needs a combination of these two forces first lets cover complacency. Few days ago the president of the United States ordered the killing of an extremely bad iranian general who has been major architect of state sponsorship in the region. Im not litigating whether that matter what matters most commentators immediately assumed we were headed for war with iran do not pass go do not pass 200 they figured both sides would keep escalating and saw the price of gold soar and same time the stock market ignored it. Even when it became obvious retaliation was imminent iran launched when the market closed more than a dozen air missiles and the overnight futures plummeted. Equal to 500 dow points. Next thing you know the president tweets
Bombardment of ukrainian ports. Michael bossicue is a Senior Fellow at the Atlantic Councils eurasia centre. I asked him whether nato could be drawn into a wider conflict with russia. If that is what it takes to stop mr putin form organising food mr putin form weaponising food and hijacking millions of tonnes of grain to go to many poor countries, the egypts, the yemens and iraqs of the world i say lets do it and get armed escorts for carrier ships across the black sea because mr putin and the kremlin cannot get away with this. I just crossed the area across the danube that the russians have been striking and you can see what is happening. The infrastructure and road is packed with trucks because it is affecting neighbouring countries such as moldova. You say its unsustainable, what is the solution . The solution is for ukraine to go ahead with the unilateral humanitarian corridor supported by Surveillance Planes from nato and Western Allies or friendly neighbouring countries and armed
Like england they are seeking to be crowned World Champions for the first time come sunday and will be watched by Queen Letizia and her daughter, but the uk royals will not be in attendance. Away from the womens world cup, harry kane may have only been at Bayern Munich five days but the clubs head coach is already full of praise for his new striker. The england captain is in line to make his bundesliga debut this weekend with bayern, who are the german champions, travelling to Werder Bremen on friday. Tuchel says kane is already a major, positive influence in the changing room. My First Impressions of harry are fantastic. He is a top professional. The quality is outstanding. And he is a fantastic human being. He is very open. He is first on the training pitch, he is open in the Dressing Room. I think he has a leading effect in the Dressing Room with his personality, his approach to football, his love for the game. Owen farrell will play no part in englands world cup warm up match again