As consumer spending. Brace for furloughs as the Government Shutdown looms with a lastminute deal looking unlikely. Shares of carmakers gaining again and the Auto Workers Union is dialing back its push for a 40 pay rise. That report said u. S. Stocks slightly higher in the new york session, we saw stocks rebounding and we also had to contend with technicals where we were nearing that oversold territory for the s p 500. Right now, 14 to april tip strength index around the 35 level, you could see u. S. Futures extending those gains as well. We saw the treasury selloff cooling down a little bit, the 10 year yield backbone hope 4. 6 . We have data that we were trying to digest, including consumer spending, rising at the weakest pace in about a year last quarter, not to mention comments from a couple of fed officials that took it more devilishly. We have the dollar index also falling for the first time in seven sessions and oil in the Asian Session you can see the wti up. 2 . That massive r
Picture coming off that selloff for the nasdaq yesterday down 1. 3 . It dipped lower in the afternoon, frankly it was pretty soft all day the dow was up half a percent. The s p was flat, but within the s p, some very big sector divergence tech, as we expected, down the most it was down 3 telecoms up 3 a big swing there. To be fair, telecoms up largely because of at ts gains yesterday coming off more positive comments from Ceo Randall Stephenson to becky quick in terms of his hopes of his side winning that ongoing dispute about whether or not to take over time warner. Tech very much the laggard yesterday. This morning the nasdaq is flat. The dow up 54 points the s p up 3. 5 points. Tenyear treasury note, we did see yields tick up yesterday the tenyear starting to inch higher but a bit closer to the 2. 4 level. 2. 38 today this morning yields pulling up a bit. In general the move over the last 48 hours has been yields picking up a bit asian equities, a soft session there. The tech sector
Blockchain is shaking things up at oldschool giants. Inis now creating new life the stalwarts like ibm and oracle. Betty david, bitcoin was up, apple down, right . You saw some of that in asia yesterday, the apple suppliers getting hit on speculation about the numbers coming in far short of forecasts, in fact to 10 million shorter than what some analysts had predicted. I want to pull up a chart that you are familiar with. This is a 254. It shows you the Revenue Breakdown 8254. It shows you the Revenue Breakdown by segment and shows you how important the iphone revenue is to apple, but that decline we have seen a bit worrisome. This replenishment cycle really going to turn out to be the way apple believes it will be with the iphone x come or is 1000 the breaking point . David that is a lot of money for a handset. Betty yeah. David you look at these numbers and forecasts, you mentioned 10 million short. Coming out, may be shipping 35 million handsets in the First Quarter, still a big num
Another high rope in print because 85 points away. We may have it today. Lauren stocks open higher as well. Still trading to the upside. Look at the dax and germany gaining 1 . Trying to japanese tax reopening. The nikkei scored more than 3 and chinas shanghai composite capacity . Lauren spot on for an ipo. Spotted via kos public, but some investors out of the profits. Thiel starts right now. Fbn am starts right now. Cheryl 5 01 a. M. Here in new york late thursday, january 4th. Good morning, everybody. Cheryl casone. Lauren im lauren simonetti. Welcome to a snow day. Trenches was here in new york city closing, businesses cannot run impacting for what could be in historic storm. Lauren lets talk about it. Nasty Winter Weather wreaking havoc in the northeast. We are use to it, but this out barely met the east coast seen snow, ice and wind set of Hurricane Forces. Tracee carrasco joins us at the details of what we can expect that the day. Good morning. Four days into 2018 and we are bein
Recordbreaking day for the stock market we cross one more millennial, have more to go . The president is talking about 30,000 who knows where were going. The important thing is to note how broad the rally is, not just tech stocks, in fact, theyre not necessarily the most important part of the rally. Lets look at the sectors moving financials is been big Interest Rates have been moving up materials, thats a rally thats continuing to ratchet. Energy strong with oil over 60. Even Consumer Staples are leading. You know whats not doing anything anything thats Interest Rate intensetive. Real estate, investment trusts, utilities lagging for a long, long time. Of course, those are bond proxies. A lot of new highs in financials as the higher Interest Rate scenario is helping the banks out. This is a small spattering i could go through American Express, etrade, key corp, suntrust, all sorts of banks all the Major Money Center Banks as well as the super regionals at 52week highs a cyclical rally,