Price. Then go to harrys dr. Hello again and welcome. Its part people. Today were asking after a dramatic week of Michael Cohen on the stand, did trumps former fixer blow the prosecutions case, then debating the debate, our panel weighs in on whats at stake. After this weeks Bombshell Agreement between trump and biden and the final jeopardy category is new format weve got the twist coming to the 60 yearold was shot. The gang is here and ready to go. So sit back, relax, and lets talk about up first after an explosive week of testimony, Donald Trumps Hush Money Trial is wrapping up with Closing Arguments expected as soon as tuesday. It could all hinge on the prosecutions star witness, trumps former fixer, Michael Cohen. He made damaging allegations but trumps team pumped serious holes in his credibility i think theres a very interesting day, fascinating donald trump feeling strong after as lawyer grilled cohen about lying under roe including about this, we to work in the white house . No
It or not. Today, down just a little bit. Only about 1 , though, from its alltime high at 39,438. Looking at s p, its down very slightly and nasdaq is up a little bit. We are watching big tech as open ai which is out by microsoft, unveils a new model in may team up with apple to put chatgpt on the iphone. 2 in this. Microsoft and google which has its tomorrow is down fractionally. Roaring kitty tweeted for the first time, on x, for the first time in three years. That sent game stop, amc, and blackberry shares higher. That is fundamental investing. That is right. If you are wondering whether policy was too tight or too easy, i think that your answer was. Hosting with us this whole hour, contributor, will come to you. Lets talk markets. Are we overvalued . Are we do for something in the form of a correction . I think we had a little mini correction and now all of a sudden, we got eight days in a row. I think we really went through earnings season. Earnings were stronger than people expec
The last week or two. Lets talk about what minneapolis fed president Neel Kashkari has been saying because he was speaking at the Wharton School of business kashkari saying if the economy is stronger than we realized on the margin, then that tells me rates would have to go a little bit heiigher and held higher to cool things off. We will talk to him about that directly he will join us live in the 8 00 hour he sounded more hawkish. He is sounding hawkish, but maybe we got to be hawkish given how strong things seem how they seem who knows . And Jpmorgan Chase ceo speaking to cnbc in india overnight. Here is what he said about the economy and fed policy so, if you have higher for longer and good growth and inflation is contained, thats good you have more fighting for capital and payment for capital. The world needs it for the military and Green Economy and i. R. A. Act and chips abs act an deficit spending right now, it feels good fiscal stimulation was extraordinary. That was a global ph
Ed we will talk about the health of the ipo market. Caroline plus, the latest in the media world. Rupert murdoch steps down. That and so much more. We have had the federal reserve, hawkish narrative. We look at the bank of england and they made a as well. The nasdaq is down a quarter of a percent. 10year gilts is pushing up. 06. Will the fed have to hike later this year . The pound is down. 37 . This is a story of dollar strength. After the jobless data, where 2 on bitcoin. What do you have . Ed microsoft is holding an event here in downtown new york we get copilot, later in the show we will bring you those details. Microsoft up by. 2 . Google cloud is going to ditch broadcom by 2027. It is custom solely can, so therefore broadcom is moving down 3. 6 . Cisco is going to 157 per share. Thats a 30 premium on the Closing Price of splunk thats up 21 . So network. Caroline is this a good deal despite the amount . Splunk had been a target for cisco since january 2022, it was rumored they had
Thatwould be julie would be one of the many superlatives we have had. The s p 500 earlier touched 2600 and it is nearly at that level. What is curious and interesting is that once again, these gains are coming on no particular catalyst. We have a holiday shortened trading week. We have got this big surge in stocks, technology in particular doing well. This is evidenced by the upsurge in the nasdaq. We also have some earnings reports to chew on. We have got two food related earnings, going in decidedly opposite directions. Hormel foods out with sales that beat analyst estimates, but on the flipside is campbell soup, a decline of more than 7 , the most in a single day in nine years. A cut their annual profit forecast. It is hurt by an ongoing dispute with walmart. Basically, walmart is saying it has been cutting its inventory of campbells. That is taking a toll on the company. I mentioned Technology Shares doing well today. We have some analysts and other types of commentary. Marvell Tec