Markets. Theyre striing to close out a stellar month in green we are looking like that ham, but u off the session highs. The dow was up now up about oh, about a fifth of a percent its the ipo of the day. More on that one coming up 40 . Shares of consolation brands we have an exclusive with the ceo straight ahead thanks. We begin this hour with a trade war. President trump getting ready for a face fo face meeting with president xi in a few hours. Kayla is live at the g20 summit in o saka, japan, with the latest kayla. Kelly, that 90minute meeting is taking place 209 days after these two leaders last met at the summit in argentina and white house officials are exp t expecting a similar outcome. A cease fire of sorts. Although aqui knowledged the situation is trickier. China has walked back some principles that had been ironed out and the white house has introduced some of its own hard line policies in the meantime. So that makes the situation tricky, but none the less, any cease fire thi
Day. It is definitely a top heavy move. You see it up 0. 8 . The equal weighted up too. Nasdaq up by a full percent. Alphabet as mentioned popping this morning. It is now up about 4. 3 and the biggest upside contributor. Apple is ahead as well, 1. 4 on reports that apple might use googles zoo a. I. Capabilities in the iphone. Crude up another the high since halloween. It leads to the talk of the tape. Based on a goldilocks economy, a. I. Excitement and prospect of an easier fed, is the playbook changing . Lets ask adam parker, Research Founder and ceo at a cnbc contributor so. Adam, yeah, those have been the narrative threads that worked pretty well. Almost no pullbacks. Some pockets in the market in the last couple of weeks and things have cooled off but not fallen apart. Where does that leave us . I think the bull case is still intact, right . If the average company can have gross Margin Expansion and if i start thinking earnings will be up for the next few years well be ahead 25 ver
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe
Carpet with the stock winners and losers ahead of hollywoods big weekend. Im melissa lee coming to you live from studio b at the nasdaq, tim seymour, and rebecca patterson, former chief strategist at bridgewater. We start off with the markets gold rush, the precious metal soaring to a record high today, topping the 2,200 mark for the first time ever. It just notched its best week since october and is up 20 over the past year. The latest rally coming alongside bitcoin which topped 70,000 during todays session. Ethereum also hitting a record. Stock market ending on a down note. The nasdaq shedding a percent while the dow shed. What does this tell you about the strength of this market rally . Rebecca, happy International Womens day. You too. What do you make of this gold move . I think what were seeing with bitcoin, gold and stocks today, theyre skpleetly separate. There isnt one big macro factor driving this. In the case of gold, id highlight two main things. China and china. Chinas Cent
The nasdaq is dticking ever so slightly in the green. Down just a tenth of 1 in the s p, 4504 was the last trade there. This is an interesting move only because there might have been folks who believe it could have been the precipitating factor for something much worse, even so today josh, it didnt look like it was going to be massively down but did accelerate into the close. Okay, were down, but whats down the most . It tended to be the stocks up the most on the year he was on with you yesterday and calling it an upsidedown day. Some call it an insideout day it was counter trend you had stocks, the top 20 performers in the market up an average of 23 you also saw a lot of pain in higher yielding stocks, equities, that makes sense a higher yielding bond, long bond i think were probably just catching our breath. I dont think anyone wants to make a big commitment to one side of the market or the other ahead of apple even if its a boring report, it will speak volumes how august progresses