4. 2 it has pulled back off that, a little bit, as you see there the nasdaq down for twostraight weeks. This takes us to the talk of the tape whether it has room to go. Chip investors stepping up and buying today, after the call on nv nvidia kristina is following that today. Its been a nice bounce. 6 , nice bounce the narrative is buy now thats what Morgan Stanley and bank of america is saying about nvidia shares. Theyre calling that an entry point for many, especially with earnings on next week. Nvidia is only serving half of the demand in the a. I. Market. Thats enough to rodrive revenu. They think q2 of 11 billion, which is 50 higher than what analysts is anticipating, is conservative nvidia should blow past its number that call is why youre seeing the stock up 6 . Not everything is perfect. That could cast off nearterm upside secondly, ali baba, and others are trying to rush the chip over fears that the Biden Administration will impose more export restrictions. Overall, you need to
That recession. We are going to talk about it with my guest coming up right now. Im cheryl casone, everybody, in for liz claman today. Were going to start with a fox market alert. The bulls are actually making a bit of a comeback in this final hour of trading. As you can see, the dow up 25. We had been on the fence just a few moments ago. Maybe charles turned it around. Im going to do the cc effect right now here because you do have the the dow at one point down is 88 188 points at session lows. Trying to make this two wins in a row. We shall see if that works out. If the dow can can close up more than 17. 7 points, and its above that right now, it will be back in positive territory for the year. Were closely going to watch this average. Now to the s p 500. As you can see, it is slightly higher, a fraction here, 1. 2 1. 48. Wed been down 38 points on the lower in todays session for the s p, so thats a comeback. And heres the final comeback, the nasdaq. As you can see, up 4 points. At 1
Last night i told you that whenever we have an intraday rebound from a big decline based on pretty much nothing, as what happened yesterday around 1 40 to 1 43 p. M. Then you could have a chance for a real run the next day. Ive staked my career on being able to spot bottoms and tops. And that intraday pivot often signals a real sea change in the market. Sure enough after a slow start the dow rises 116 points, s p gained. 59 and the nasdaq jumped. 83 . When the market was once again cascading down, out and out capit capitulation, and then it just stopped. And then it started rebounding like crazy almost into the close because none of the prevailing negatives actually changed the higher Interest Rates, soaring price of oil. The rebound was widely dismissed. Hard to take seriously when the fundamentals havent changed at all, isnt it . But i choose not to dismiss it because these kinds of against the prevailing mood moves can be very meaningful. They have been many times in the past. A piv
Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, as well ahead of the fed meeting which, of course, is wednesday. David with breaking news. We do. On a potential deal that will not happen. And that is involving viacom and cbs. Right now, the National Amusements, shareholder of both companies, led by Sherri Redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. Reversing course in a sense and backing the new ceo at viacom an
What they said moments before the takedown. Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, the just swornin senate is expected to take the first vote toward repealing the Affordable Care act next week. Replacing obamacare is a Top Republican priority. Today president obama and Vice President elect pence head to the hill. Henna daniels is here in new york. Good morning. Good morning, annemarie. Gop leaders hope to approve legislation in the next few weeks or months, dismantling much of the law, but it could take years to replace legislation. President obama will meet with the house and democrats. The president s motivation is rooted in looking out for the interests of the 22 million americans whose health care would be taken away. Vice president elect mike pence will also head to capitol hill. Its one of president elect Donald Trumps Main Campaign promises. Im asking for your vote so we can repeal. Its a