At the open. S p looking to be up by 1 point, the nasdaq off by 1 1 4 points overnight in asia, japan was closed for a public holiday. No trading or the nikkei most of asia was digesting Economic Data out of china the Second Quarter Economic Growth gdp slowing to 6. 2 , also coming off 6. 4 in the first quarter. Thats the weakest pace in 27 years. Industrial output, retail sales data also fixed Asset Investments were all above forecast chinese shares were down before the data was released. Then they turned positive. Overnight in europe, we are looking at i thought we were going to follow asias lead, pretty much flat across the board. The dakotas is off by 4 100 of a percent. The treasury yield market, the twoyear note 1. 845 . Just mention on the china data that markets responded better to the data for the first portion of trading in asia and europe and weve just sold off a little bit in the last few hours. As you pointed out that was just for june. Gdp for all three months it did see
China, wealth gap, taxes, tariffs, immigration, all taking center stage at the Second Democratic president ial debate well go live to miami with reaction and a brand of china and for china. Nikes mark parker channeling abraham lincoln. The stock up 12 year to date and is about to add more today its friday, june 28, 2019 Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Happy friday. Im Brian Sullivan the imac, the ipod, the iphone, new headquarters, just dozens of innovations designed by sir jony ive who said he is leaving apple after two years with the company. Its a big move and a big surprise much more on jony ives exit in a few moments. First lets get you set up on the final trading day of the month, the final trading day of the quarter, the final trading day of the first half of 2019. We are higher right now. Dow futures up 98 points remember, we need 1. 6 now to get to that new high we got c
Huawei from buying or selling more throughput. U. S. Patents. That wont change the labor Mitch Mcconnell was on with costs. There are kiosks, some maria earlier in the day and he to look at netflix following the restaurant will use those, by talked about it. And large everyone will not go skip that for a moment. To a kiosk to avoid a employee just so i can get comment from Massive Subscriber miss we you on it, lance. Reported to you on at the front. Mcconnell and a number of others after the bell. There is a little bit of it, in the senate, when he was on melissa that was a disaster. Wages are unavoidable. With maria, he talked about this, they really want to go if this gets passed, prices will after huawei. He said today on fox business at the white house President Trump wrapping up meeting with go up period. They see it as a True National melissa what difference does it make to have the wage mandated security concern. Its clear the president airline ceos. At federal level opposed to
So call me at 1800cnbc how did we get up here with the s p 500 hitting alltime highs, dow hitting its high for the year after gaining 249 points today. S p climbed 4. 9 nasdaq rose. 80 and more importantly, does this market have what it takes to keep powering higher regardless of what happens with the president , with trade, with the Federal Reserve . Just looking at the fundamentals of individual companies which is what we do best in cramerica, i think its worth wondering what might happen if we stay on evq we need it know if the market has gotten too expensive, or if its got more room to run. Especially with oil having a monster runoff just today because of tension with iran so lets zoom in on the top ten performances in the Dow Jones Industrial average, 2019 see, this will help us put in context so we understand how we got up here and whether it is dangerous, whether its safe, whether it makes sense number one is microsoft. Its a trillion dollar household name with a stock thats up
That era would have been impactful. He was the guy who put their ideas into steve jobs pushing him through to make them products now at a point their products are less revolutionary and more evolutionary i know a servicedriven model less about every year some really slickly designed new hardware device. Five years ago the stock would have been down 5 on this news i think youll see a sort of muted reaction. Youre seeing it down only around is which i guess is surprising what im concerned about apple they would be some trade war dynamic but a competitor around 600,000 does that a iphone could do. The other part of this would be app store and do people need to go to the app store and talking about that Services Revenue to what extent are there alternatives out there if anything apple has been on a regulatory pressure for that very dynamic those are the things that have me the most worried. Dan pointed out no evolution under jony ive the last number of years and evolution people are talkin