European equities, up by 8 slaegts 10 off a percent we had pretty Good Movement over it had it last 24 hours because off powells testimony 1. 60 we were over 190 10year note, 2. 056 if youre planning your day its time for the crosswalk flan aer for try to pace yourself and this is right at the it very beginning of your day because youd do vp oorks and later in your day, im watching washington do the same stang and hell not see you. How were going to get numbers from Delta Airlines. After the close. You also have to be aware of ho, thats right im eves dropping youre down to five, are you not . As sooner as the numbers are out, ill give you a free cnbc envelope did you see that engine yesterday with video kw the thingroiding around in the it did. I just saw people complaining they didnt feel like they andaus compensated enough for it sglrts then you would do if you saw that it fer and if you saw nangen come across on a flight i would mang. Ohow would you notify somebody theres not enough
You have two thirds of all stocks higher. Even energy coming to life just a little bit. Nvidia, about three or 4 all day, no real news, 3 1 2 . Approaching apples weight in the s p 500 so there is plenty to like and investors are loving it. There are signs of rapid optimism in mergers and surveys. That brings us to our talk of the tape, we asked cameron dawson. Also cnc cnbc contributor. If you are looking at the behavior of the market it got over bought and it is saying that way. That is usually a sign of a pretty durable rally. With stocks at record high, the economy looking okay, you have the fed not doing anything today stop thinking about rate cuts. I think it is one of those situations where is the only bare case that there is no bear case . Right now they are not giving any reason to pause this momentum. To your point you are still seeing this chase into the market and something we are watching closely because positioning is extended but not at extremes which it means eventually
Doing which. And speaking of the consumer, the high end mostly holding up so far so good thats good news for taylor made, the company taking a big swing at athleisure. But we begin with todays markets and dom chu with the numbers. Its wait and see and you might suspect on a fed Rate Decision we are seeing a mixed market, but its fractional moves and not dramatically so one way or the other. Dow outpacing the broader market, up 93 points 37,908 the s p 500 down 16 points, about 1 3 of 1 . Even at the highs, we were down a modest three points and 22 at the lows so a wait and see type trading rake the nasdaq, 66 points to the downside for the nasdaq composite. 15,591 heres the current state of play for the macro market as we head into the big rate announcement later on, the twoyear note still above the 5 mark the tenyear note yield, 4. 655 there. Comex gold up to 2313 and bitcoin down below the 58,000 mark, down 4. 5 . And then the big cap tech trade, very much about earnings and the s p
hardest thing. to believe it requires something bigger than ourselves. we have never had a significant anniversary of d- day where democracy and western democracy felt as under threat and as fraught as it does this year. both in europe and at home. what you make of donald trump s threats to jail his political opponents? i will talk you in about three years from now. you have to take donald trump at his word. i think there is nothing that will stop him from doing such things. the jerry and hunter biden s trial was just dismissed for the weekend after emotional testimony from hunter s daughter . will wait to see whether hunter biden will testify in his own defense on monday. will you accept the jury s outcome no matter what it is? yes. and have you ruled out a pardon for your son? yes. i just went through a rigged trial in new york. his first public campaign stop senses guilty of convictions. if we don t win this country is finished, i really believe t
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas