A live report from that region is apple making the best for october . What it is saving for the fall wednesday, september 16th, this is Worldwide Exchange on cnbc. Good morning, good afternoon, good evening wherever you are watching thanks for joining us. Here is how your money and local markets are opening. Maybe you cant because you are driving. They are higher. Dow futures indicate they are opening higher futures are up 97. The decent day rises on tuesday. A positive breath day. About 70 of all stocks rose the third positive session in a row for the dow and s p 500. Small caps continue to be a rising star. The russell 2000 adding to the mondays 2. 5 gain from the recent 52week high. Small caps, again, a group to watch. Another one are the transports a new 52week high a leading indicator. That is the transports highest level. That record set almost two years ago today but something to watch. This morning, oil is rising on concern that Hurricane Sally will not begin production. We are
Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista
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Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t