Im bill griffeth. On track for another record close. We came within 12 tantalizing points of dow 22,000 this morning. Weve since pulled back and the s p is trading close to its record levels. Grasso would know what that level is, that record, but well goat that in a few minutes were about a point away. Thank you youre welcome. Coming right up, apple has certainly been a big catalyst in the dows rally this year, but can it last . Coming up, we debate whether you should buy or sell this hot stock ahead of its Earnings Report which is due out today after the close. I love it when i get to be here for apple. Youre here every time we do Apple Earnings just works out that way. And President Trump is set to host a Small Business event at the white house called Small Business, the engine of the American Dream as son as it gets underway well take you there briefly live. What the president has to say on what has turned out to be another newsy day. The dow is inching ever closing to that 22,000 2
Good morning and welcome to World Wide Exchange. Oon cnbc. Im sara eisen. Good morning from me as well. Lets check in on the global markets. U. S. Equity futures after a mixed session yesterday that actually managed to close positive. Looks like the gains continue this morning. It is a busy day in terms of kbhik data and earnings. Dow futures up 48. S p up 5. Nasdaq futures up 31. As for the 10year treasury note yield, it is fed day. Day two of the decision. Well expect that in the 2 00 p. M. Hour. No news conference, but of course traders will be pursing the statement the 10year treasury yield sitting prefed, 1. 57. Still very low. Stimulus talk from japan today. Check out the japanese yen which is falling. Pre pressured on more expectations of further easing. This comes among reports japan the government will unveil 265 billion of stimulus in a passage. The move according to the reports is an effort by shinzo abe to reflate and stimulate the economy. Though the amount the japanese go
Rallied on the opec headlines in the last few sessions. Honeywell going into software, tpg buying two cable companies, work day with a cloud deal. And apples ceo on the record. Tim cook commenting on declining iphone sales, succession plans and saying ron johnsons hire was, quote, clearly a screw up. Much more from the Washington Post interview coming you. Clinton victory better for stocks. The cover story of barons today. The numbers behind that. And then, of course, week two of the olympics, we just saw andrew playing some table tennis. That form he just demonstrated is not reflective of his true ability, by the way. Do you think he got it was good. Do you think he was told to wrap and decided to muff that one . Maybe. Were go egetting a lot from an. A good week in rio. Yep. What was the highlight. Seeing what its trying to do for the city of rio and the economy of brazil is going to be i love the way olympics sort of operate on a parallel track to history. Right. We see it in beijin
At 880 and broadway cleared this disabled pickup truck. Zoom in over here. Counter what commute we do have eastbound. Thats one of your zoo exit theres. A deer was hit in the roadway from what i understand. Not one of the animals from the zoo. It does sound like its one of those roaming around in the hills. Chp has to help with that situation. Midday we do have a game at the coliseum. Back to you. Mike, thank you very much. A man shot dead in a busy part of the peninsula. This morning were learning more about a chaotic crime scene that unfolded in the hills day shopping center. The chase to find the shooter spans civil cities. Good morning, laura and sam. It did span many Cities Shopping Center and ended in San Francisco. I want to get to some of this new video we got as we showed up here. Three cars were being towed away. Thats what san mateo tells us. They say this is connected to the investigation. And according to san mateo pd they said the shooting took place in this parking lot w
No soup for you well explain why. The action begins right now. Lets get to it. If the bear had reason to run scared maybe it is this. Check out transports. The economically Sensitive Group of stocks touching a year to date high today. This is a sign that maybe things are on firmer footing . Dan what do you think . No doubt about it. I think you could take the price action year to date and say, this is a group that was one of the worstperforming groups late in 2014, it topped out, it spent most of last year just trending lower, top left, bottom right. Heres the thing. This years improvement doesnt seem to be based on anything particularly fundamental. When you think about some of the stocks that make up this group, shippers, rails, airlines. That sort of thing. I actually see a lot of economic headwinds to these companies right now. So the fact that theyve outperformed in a year thats been kind of dicey is really doesnt make me warm and fuzzy about it. I think it kind of sets up for an