Once again along the gulf coast. The story of this storm, this hurricane will be that of the flooding rainfall. Were talking about a catastrophic and lifethreatening flooding situation. As you mentioned from southern mississippi all the way over into southern alabama including the mobile area, also into the panhandle of florida where the conditions have been very serious out towards pensacola. Now the wind, intensity of the storm coming down, moves further inland this afternoon. It is slowly crawling inland, neil. Only five miles an hour. It means relentless rain will continue over the same hours for hours and hours, resulting in that flooding. If that flooding that were alerting people and businesses to across the southeastern United States as the storm continues to move off to the north and east, that risk for serious flooding is going expand into georgia and up towards the carolinas the next couple days. It is really important that people and businesses be prepared in those areas. T
We are starting to catch a bit bythe u. S. Back end, down 5. 7 basis points switzerland moving a little bit. The bond market starting to catch a bit. What are we going to be talking about . We have great guest lined up for you, we will be talking to citadel a little bit later on. We have an exclusive interview ofh joe mecane, head Execution Services at citadel. We are going to figure out exactly what we can take away from what citadel is seeing in terms of the flow right now. We have that conversation a little bit later on in the program. Joining us now to give us a sense of whats going on . Alix ashwin,t . Guy set us up perfectly. Big bombs, big tech, but now we have a market searching for the next catalyst. Which is it . Ashwin a reflection of what we are worrying about the most, the ironclad resilience being shown in an environment that is fraught with many significant macro risks. When a market like the current market appears to be pricing in a nearperfect picture, you have to be v
Gains at the open although still on track to break that twomonth winning streak plus pharmaceutical stock rallying ahead of the open, this after Johnson Johnson received a smaller than expected judgment against it involving its sale of opioids. And facebook targeting snapchat again the social network reportedly developing a new messagingapp that would allow even more sharing between friends. Sharing. We share look. Were always sharing. The market is up. Receive watched this market from 3 30 this morning up until now, and theres nothing. Nothing nothing i mean, not even the bonds theres nothing. But people will foment reasons its going up and i refuse to do that you refuse to do what to explain right i think a lot of people recognize that without a new tweet thats disruptive, theyd better get a little longer well get back to fundamentals for while until were interrupted by a new update from the trade war. Hard to know which way thats going to go. Yesterday, jim, we obviously noted this
To buying and selling friends across the country. We begin with dom chu with the latest numbers. Its green across the screen, but the tech trade, which has been the leader for the last several days, and even months and quarters and years at this point, is the underperformer in todds trade. Well go through that in a moment. Its the dow up nearly 300 points, three quarters of a 1 gain there. So a laggard is the leader in todays trade. The s p 500, the broader measure, 5170 the last trade there, up about 20 points. At the highs, we were up 23. So near session highs. We were down 18 points at the lows of the session. Up one half of 1 there. And the nasdaq composite up 16,151, up 48 points, roughly 1 3 of 1 . So its the laggard in todays trade. I mentioned the technology trade. Crypto is part of that narrative right now. Bitcoin prices, currently down about 3. 5 , 64,800 and change. Remember, just in the last several days, bitcoin prices were above 73,000. Eit ether prices were above 4,000.
Insights, and we cant resist this graphic the title wilfs world was to offset bank stories from me . I dont know. Were rivet by what you may have for us you wait. You really will be big stories. Anyway, we begin with snap falling to the initial Public Offering price, 17. Bob is at snaps close here on the floor of the New York Stock Exchange hello, bob take a look here we bounced two hours ago snap hit 17, right now, 17. 20. Public offering was covered, i was here for that at 17 march 2nd, high as 29 the next day, but started dropping, and when we got its first as a Public Company own may 10th, disappointing user metrics, disappoints growth metrics, stog stocks down here why is that important . Waiting for the tech unicorns to go public, and when you got one of these that is at 17 at its price, thats not a good sign. Thats a value conscious right nowing and with high price tech ipos waiting to go public, thats a problem now, weve had them go before their ipo price before, and you know w