We ta retail sales were lower than expected autos adding to the pain with biggest names if the group or deck for earnings next week, well tell you which stocks could be set to take off later, it is apples epic battle both apple now and google kicking out fortnite out of their app stores well explain why they are doing it the fight it could spark and the crackdown on big tech that could be in the cards. Power lunch starts right now happy friday to you. Check out the transports out performing this week up 4 those moves are thanks to fedex and avis budget up double digits for the week with all the major averages up more than 50 from the march lows, its the question being heard around wall street is the market rebound getting too far ahead of the economic rebound. Were digging into the data. The stock market could recover its all time highs we went back to 1973 and looked at how stocks behaved. It takes 2. 7 years to get even this recovery probably will be measured in months the fed and co
Just about 1. 5 for everything nasdaq not quite add bad russell is down. You see the russell is down 3 really taking it on the chin this week. Steve, i think its constructive on a friday and maybe we should make it a consistent thing at this point given whats gone on in the markets to take stock of where you think we are today and how we should look forward to the week ahead. Friday has been a risk off day. Doesnt look like today is any different than others. I think actually the market is trading on physical theraa fairm today. As a share holder, im support that most important right now is to worry about employees and the communities in line with the business round tables statement that they put out on august 19th of last year i think that would give everybody comfort because the number one thing we have to worry about is the economy and that will help the consumer come back youre talk about Big Companies coming out like bryan monahain said earlier that they will have jobs not to ment
And choice words for amazon after a new investigation into the companys brand badging system goes into effect as Worldwide Exchange begins right now. Just another manic monday, wish it were sunday good morning and welcome to Worldwide Exchange im dom anyone chu in today for brian saul van here is how stock futures setting up their day on this monday in a holidayshortened trading week the dow jones would open by another 35 points if these gains hold into the opening bell the s p up by 2 points and the nasdaq up by 11. Now the dow and s p coming off record high levels on friday the dow seeing its 19th record close of the year and the s p 500, get this, its 32nd record u. S. Composite volume on friday, the highest since december 21st since 2018 treasuries, a tick lower in yields as you can see here, the tenyear note yield hovering around 1. 9 . The 2 year note yield 1. 36 worldwide, asia markets stalling near an 18month high as we takes a look at whats going on there. The hang sang and ho
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subco
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a