Caseshiller report, home prices up 3. 5 in april compared to one year ago, compared to 3. 7 gain in march all right. Lets bring in Carl Quintanilla. Yesterday or over the weekend, traveling to vietnam, you saw a bit of some of his teases and reports, but hes there in a place that, of course, carl, has become so central in the discussions of trade that we have on this desk every day with jim in terms of changing your supply chain, so curious to see what you have learned in the time youve been there in terms of how easy or difficult that actually is. Yeah. David, youre right. It is funny, you know, we talk about it at the desk all the time, and then you get here on the ground and see what is happening in real life because this is not something that companies address directly or specifically you and i know we have read the transcripts and the Conference Calls, they say were looking at it, were going to study it, reports that others may or may not be studying, expatriating supply chains ou
G20 summit this weekend. Our eyes are on two of them. The United States and china. President trump and xi jinping face a trade war. The talks may be at the conference in japan or in beijing. Vm wares operating officer is back from china where he hosted the for rem, pooden is joining us right now. Sanjay pooden is in charge of all of em. I want to go in with you on your most recent trip to china. In the hotel bar, you are talking for those who work for your company and those who dont. What are they saying behind closed door . Yeah, thanks scott for having me on the show. I think it was important that the executive theyre getting a sense of whos going to show up here. I went there to reassure our employees and then partners with customers that we are committed to our customers there. It starts with that. Well, we got to comply with u. S. Law which affects certain partners. There is a vast number of other partners that we want to reassure. Tell me what you want to reassure them. I am talk
And message next week. You see the ten year there at 430. Small cap, russell 2000, up slightly today. Off 2 for the week. We have some soft guidance from adobe. Thats weighing on the software sector. Pulling down the nasdaq by almost 1 . While energy shows pep on a strong run for crowd prices this week crude prices this week, happening on a quarterly session featuring heavy index rebalancing at the close in less than an hour, as well. Which takes us to our talk of the tape. Is all this churn just about an overheated market cooling off a bit after a rapid spread higher, or is it the start of what would be the first notable broad pullback in some five months . We posed this question to cic wealth executive Vice President and contributor, malcolm, welcome. Good to be here. Were up 16 of 19 weeks in the s p. Havent had a 2 pullback on a closing basis in one of the longest stretches in history. Which leads you to say, okay, were due for some chop. On the other hand, you know, theres the arg
Ai. That conversation later. We will push ahead to the earnings out after the bell. Broadcom the latest company to test if this ai rally is a reality. The eus Digital Markets act takes hold today. We will break down the epic battles already raging for apple. Lets check out this market rally we are seeing and ai drives it. We see the mood music trying to decipher the rate of travel for the fed. The nasdaq currently powering on higher. Big test gets the lift. The euro actually higher versus the dollar. The dollar moving as we anticipate rate cuts. Dovish tones seemingly being interpreted from jay powell as we see Christine Lagarde hint to future cuts. The dollar is weaker against most fx payers today. And looking at whats happening in terms of the japanese rally versus the dollar, we have seen the yen up amid signals the boj might move to increase rates, up. 8 versus the dollar. A look at whats happening in the world of a brisk asset of choice on this show, bitcoin a risk asset of choice
For you. Right now were getting close to the 70s out towards brentwood, love vacaville in calistoga. Youve actually climbed there now. So its definitely been a cool start. Youre also holding on to a lot of cloud cover both along the east bay shoreline, north bay and peninsula. Lot of the rest of us are brightening up now and setting us up for what will be a very mild afternoon winds from the west are pushing this cool air on into the bay and contributing to what will be the coolest feeling day of them all today. Daytime highs for most of us staying in the 60s to 70s. This is before a big change of pace warming up already tomorrow, which ill get to in your full forecast. Back to you. All right. Thank you very much, john. 10 oclock. The time more developing news that were following this morning. Residents in one san pablo neighborhood now under that Evacuation Order that went into place yesterday after they found Hazardous Material inside boxes in the backyard of a home. Earlier this mor