The rally itself to resuming, but weakening into the final stretch, all following yesterdays steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. We are going to bring in our experts on all of that in just a moment. Let me show you the major outages. We have been green all day but weakening as we enter the final stretch. We are Still Holding on, but the dow is only good for about 15 points. Nasdaq has been the out performer. Cut those gains in half, the mega stocks, many of them bouncing back. Nvidia is still positive moving toward 900 a share. Meta is in the green, as well. Apple, microsoft, alphabet, tesla, are all ready now. How about crowdstrike . Those shares are higher after his own earnings report. A lot coming in after palo alto and that stock went down, not so much for crowd. A lot in todays session, near 11 . That takes us to the talk of the tape, rally and risk, how many are front and center, given todays developments. Lets w
Actually. Be quite nice, but its not all plain sailing, particularly if you go to the costa sol. Apparently this costa del sol. Apparently this is in the mail this morning. Costa del sol. Apparently this is in the mail this morning. And is in the mail this morning. And i imagine you doing this i can imagine you doing this queuing for two hours to get a sunbed out. I would do that. Thats something id find myself doing. Look, that is the most british thing you have ever seen your life. People seen in your life. People have actually chairs to actually pulled up chairs to queue sunbed. Queue for a sunbed. I just think its sunlounger i it is hm it is crackers. But youd have to youd have to stay in the queue at your best to have a seat because then you can continue to get your tan on. Cant you just on yeah. Cant you just lie on the tan . Mean, i would just the tan . I mean, i would just lie on towel at that point. Lie on the towel at that point. Theres grass there. Whatever spot think its no
U. S. And turkey continues to heat up and its having an impact across all markets in turkey. Dollarlira is up by 2. 4 . We saw a 6 rally earlier during the thin liquidity trading but now we are well off the highs of that session. The stock market continues to get hit come off by 3 and airlines are really week in turkey. You wind up having a monster selloff happening in the bond market. Are seeingt, you some buying an outperformance in spain. David it is time for the morning brief. We have a big week ahead starting with a Parliament Meeting today. Tomorrow is the meeting with the imf and world bank. We will get Bank Earnings from jpmorgan and wells fargo thursday and on friday, we will get u. S. Economic data including cpi and retail sales. On top of all that, markets will continue to watch the growing tension between the united turkey. Nd over the weekend, both countries suspended granting of these is for one anothers us citizen to visit and the lira and turkish stock market took a hit
To the nbc family and joins us from our sister station in philadelphia. Yes, philadelphia. I was in philadelphia for five years with nbc station there. Before that i was in tampa, im very happy to be here. I love the area. Its been so much fun in the mornings up until this point so now debut on camera it has been a lot of fun. This is a great morning crew, even through the afternoon. I was here last week with doug. Lets get to the weather. We had clouds locked in all morning and fog around this morning. Its lifted so were not seeing bad visibility. The visibility isnt bad at all. Heres a live view outside. The fog has lifted and clouds are still low. Driving conditions are fine across the area. As far as temperatures are concerned, not too bad either, 49 degrees in the district. By noon well be around 51. The clouds are still going to be staying locked in and by 4 00 p. M. , its going to get breezy, 49 degrees and the winds will be increasing and 41. It will be colder overnight tonight
People have reported weapons, fighters. Libya has a history of exporting fighters to syria through turkey. It was flush with weapons. Nato flooded libya with weapons. Uae, qatar, they flooded libya with weapons. The arms caches were liberated. They went turkey into syria. We were more encouraging of it than stopping it. Why . S a said needed to gop hes an evil man. But we called the book one of the things that mubarak, kwa dar fi i need to give him credit for that. I was talking to him about libya and talking about libya and keeping the radical jihadists down. Kind of like keeping the lid on the garbage can. Mubarak, gadhafi, assad, they were imperfect, but they kept the lid on the garbage can. They were concerned and fighting radical jihadists. We created an environment for radical jihadists to grow, embracing the Muslim Brotherhood. Its not just over there. Were completing a report and were going to be putting a book out often this as well in the near future. We not only have embrace