For the next leg of the market, up or down on days like today, dow advanced, s p inched out gain and nasdaq declined, i have to ask how bullish are people adding money into the stock market pulling money out . The case for years and years interest rekindled by the snorting bull . Let me start out saying that sentiment is incredibly important. You dont want overexuberance, froth, people to be too excited. That means everyone would be in the pool already and youre late to the rally however sentiment is extremely hard to gauge. Theres some ways that people try to cut and dry it. Services that tell you how bullish or bearish news lr writers are every week but there are fewer and fewer newsletter writers enthusiasm or lack thereof no longer means much to me. Used to mean a great deal. Material, stock inflows. Dismal, more going out than coming in, isnt that counterintuitive many weeks produce good outlays from stocks. Call that negative sentiment certain, no sign of the dreaded froth there.
And 11 30, the u. S. Treasury sent to auction bills ate before we get to them that it looks like the government will not shut down after all. We are joined by kevins rule. Kevin cirillo. You they can only get by doing these one week extensions for about two or three more weeks. Tosome point, they will have pass a longer one. This is a shortterm extension. There are many folks here in washington who believe they can get by with these one week extensions for much longer. I think he definitely proved a political calculation on friday that he would much rather get the government open. You are absolutely right. On several of these issues, he had to move to the middle. As that continues, polling suggests his base is still supportive of him. Jonathan alongside him from washington, managing director at kbw. I want to begin quickly. We had these conversations around the Government Shutdown. What does the extension tell you . Republicans have a majority. They do not have control of congress wher
How to protect yourself. The action begins right now. Lets get to it. The nasdaq 100 posted its longest monthly winning streak since 2009. And the index hit high after high this week thanks in part to blowout earn gs from amazon and alphabet soaring to record highs. It aint over yet, next week the big kahunas, apple and facebook, facebook hitting an alltime high today, both stocks implying big moves with potential to spark a more than 40 billion shift in market cap next week. Should you continue to bet on big tech, and which is a better buy right now, apple or facebook . Lets get in the money. I think earnings we saw last night from amazon, from google, from microsoft, really shouldnt lead you to believe were going to have any massive surprises next week. The Way Investors are positioned, we knower that overweighting these things, theyre massive gamers, driving that massive outperformance in the nasdaq, the nasdaq is up 12. 5 versus the s p. I hate to be so because say about it. But i
Shares of the morning times up. As the president would say bigley on the back of its strong earnings. The ceo of the nyt joins us live. Power lunch starts right now. Welcome to power lunch. Im michelle carusocabrera. Major averages are lower but Holding Steady ahead of the fed decision. This move in the nasdaq down 29 points. Right now thats the biggest drop in more than a month. The nasdaq still off lows of the day. Check out whats moving, a retail wreck this hour. Groupon and etsy leading declines on the back of their weak earnings. Groupon down 15 and etsy is down almost 10 . Melissa . Im melissa lee. Puerto rico announcing a historic debt restructuring on a portion of its 70 billion of debt. The move comes after talks with bondholders failed fbi director james comey grilled defending his decision last year, just days before the president ial election to reopen an investigation into Hillary Clintons email. And facebook making a major move to crack down inappropriate material. The so
Train to initiate current japanese stocks closed for holiday. Ive finisd downne quarter 1 . Lauren in francand the two candidates to be the next president of the country clash in a vicious debate days before the election. A live report from paris or some market to record highs. Nicole shares of face for contests are under pressure after they released the latest earnings results. We will have the reasons why. Lauren lebron james and the Cleveland Cavaliers dominate the cleveland rockers in game two of this series. The Pittsburgh Penguins pushed the Washington Capitals to the rank of illumination. We will see how they did in houston highlights. Nicole 5 01 a. M. In new york. May 4th. We welcome you to fbn am, and your first look at morning markets and breaking news. Lauren House Republicans will finally vote on a revised Health Care Bill today. House Majority Leader Kevin Mccarthy sane republicans have enough votes to pass the measure. All of this comes after they added 8 billion to the