Najarian lets begin with a look at the major averages boy, what a different story it is at this very moment s p and nasdaq are positive. The Dow Jones Industrial average, knocking on the same door, as well. Josh, this is a far different story from how it looked a half an hour ago. Yeah. This is what its come to this is the big pivot, scott hes pivoting were looking at the future of employment for certain people in the white house, is now the main driver for stocks like, intraday in late august, when all the real money is out at gurneys, you know, yes. But bigger picture, like, i dont feel like this is really changing peoples positioning, whether or not Goldman Sachs is going to win out over the clan inside the white house like, i dont i really dont feel like the position has changed that much. Lets keep in mind, though, s p was 2. 7 off the high this morning at its lowest levels, but russell was 7 off the high. So if you really want to gauge sentiment and you really want to get a good
Ftse up over 1 . Finally quick look at the dollar maybe thats moving some of this euro dollar, 1. 18. 1. 18. Remember earlier this year, it will be below parody, 94 cents it shot completely the other direction. Yes amazing frt dont belie dont believe what you read what youre seeing here is true. These newspapers so problematic. Speaking of stories, the big ones today, a major storm gath eari gatherring strength in the gulf of mexico. Harvey was upgraded to a Tropical Storm overnight crude oil prices, lets see, down a little bit. Wti crude just over 48 bucks its been sitting out the rally in metals. Federal regulators say they dont plan to block amazons 1 billion deal to buy whole foods. The ftc making that announcement hours after suhareholders approved the merger. Uber reported a lost of 6 65 million, 9 smaller than the 708 million loss in quarter one. Hpe Ceo Meg Whitman is standing by her statement that she will not be the next uber ceo she said nothing has changed since her series
Daybreak europe. . Are you a believer . . Do you believe in the great Global Equity market rally . The all world index hits a new record, the first in 18 months. Driving theses markets. The s p has had the longest winning streak in 18 months. Run since donald trump was elected president. In terms of the voices from executives around the world, a record 51 are optimistic on the course. World, and msci Small Businesses are the most optimistic since 2004. Investors inspect 23 of infliction inflation at a fouryear high. Janet yellen told the market that she faces the risk of not being fast enough, the market added 380 points. It carries through across the complex. Even those the stock markets vix, i yesterday, the want to draw your attention to this, a real volume trend in the market. The volatility index is rising by 11 yesterday. 11. 97, thats a move you want to keep in ion. Down. 25 . Is yields are negative for the First Time Since 2013. One commentator saying weve passed the cyclical p
Out of the dow. Shares of ibm falling hard. Sales coming in short of street estimates for the First Quarter despite gains in the cloud, cybersecurity and watson. It does mark a 20th straight quarter of revenue declines at big blue. Company cfo, martin schroeder, on cloegz well. We have not been solely focused on the top line headline number of when can we print growth. Had we wanted to, we wouldnt have divested 8 billion worth of businesses. We would probably reduce our Investments Overseas where there is a currency impact. That has not been our focus. Joining us now is Credit Suisse analyst who has a rating on the 110 price tag. Ibm is trying to transform is self. How far of a setback back is this . It fundment falamentally tea transition they are going through. We see revenue shrinking through 2019. The second thing, we saw some evidence of that in this quarter. The second issue is this transition towards a cloud or initiatives we think is fundamentally gross margin dill lieu tiff. T
He was here when you were out one day. Andrew was out. Antimatter and matter together. Were both gentlemen. Okay. After another down day yesterday, its been five out of six down sessions for the dow and the s p 500, it looks like things are turning around in the early hours. Right now dow futures are indicated up by 43 points. S p would open up, so would the nasdaq. Overnight in asia, the nikkei ended flat. The hang seng was up by 1 . Shanghai was flat as well. In europe, as france prepares for elections, the cac is higher by 1 today. The dax is up as well. Ftse slightly lower. If you check out crude oil prices, this was the big story yesterday. After a slide of 4 yesterday, things are picking up this morning. You can see wti up to 50. 79 a barrel. American express posting better than expected q1 profit. The positive results helped in higher spending by card members i feel like our family helped them there. Amexs guidance indicating it was starting to mitigate some impact of losing key