Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get extended just a little bit at the opening bell. The dow implied higher 42. The nasdaq up by 21. Record highs to start. This is all after u. S. Inflation showed a slight easing in the month of april with core prices excluding food and energy climbing 6. 6 year on year or the lowest since april of 2021. On the back of that, treasury yields are falling off hitting the lowest levels in a month. The teny
Teslas troubles. A reported investigation into self driving claims and whether it committed securities and or wire fraud during the criminal investigation. That is coming up. Looking forward to that. Morningstar is outstanding Portfolio Manager of the year. She runs a fund focused on Underappreciated Companies which pay reliable dividend. We will find out. Lets take on the markets first. But it the dow is up 122. Look at the others in the red. The s p down two points, the nasdaq down about a quarter of a percent right now. A lot of stocks are on the move following earnings. Jumping on an earnings beat in a phase 3 trial. After its first report of the company. Said a year from now and got it already. Trip adviser getting crushed on that lower guidance and the rejection on a takeout opera. 29 . We will trade more earnings, movers and lunch coming up. First, lets start with tesla as that stock is falling. 2 off of its worst levels of the day so far. I am looking at right now. It is so nic
Tense protests at schools around the country as pro palestinian common stralters occupy buildings and set up encampments. Police moving in to make arrests. Classes going remote over safety concerns. This is complete anarchy. Were live with the overnight developments. In contempt . A key hearing today on the historic hush money trial of former president donald trump. Prosecutors saying he has repeatedly violated the judges gag order. As the first witness takes the stand, a once powerful tabloid publisher. Were live with what to expect in the courtroom. Pumped up. Gas prices on the rise across country. Some california stations topping 7 a gallon. Whats behind the spring speak . And will we see any relief before summer. The future. Amid layoffs, slumping sales and tanking stock prices as musk faces new scrutiny over his massive compensation. Were breaking it all down. Tesla trouble. An important day for the worlds most valuable car company and its controversial founder elon musk. The cloc
Country to get the best view. If youre here in the bay area, and if you hear my voice, you probably are, you wont be left out. The places with special events planned for todays solar show. Good morning to you on this monday, march 8th, kumasi did not go anywhere. I didnt go anywhere. Im just going to enjoy the eclipse right here. And its going to be fabulous because this is going to be cloudy in texas where she was supposed to be. You made the right call. Yes, i checked this morning. Im like, oh gosh. And im like, its still cloudy. Its gonna look great here. Its also going to be a very warm day today. So outside this morning we have our mount tam cam. We have great visibility with clear skies up above. So lets talk about that eclipse. The eclipse will begin at 1014 this morning. The time of maximum eclipse for us. Well see about a third of the sun obscured by the moon. That will occur at 1113 later on this morning. Remember, dont look directly at the sun. You want those special sunglas
Passengers on the jet. Emergency repairs underway. Caltrans crews working to stabilize a portion of highway one after it collapsed a week ago. How the roads closure is affecting businesses in big sur and count down to the eclipse excitement building for this celestial event. Everything you need to know about the solar show. Good morning. It is monday, april 8th. Yes, im going to start the check of our eclipse day forecast with drew. Yes i mean, the week ahead is gorgeous. Spring is back. We have clear skies this morning and a warm afternoon on the way. Hello to our south beach camera this morning a live look at the bay bridge. We have not a cloud in our sky this morning which will lead to really good viewing conditions for the eclipse later on tonight. Now for us in northern california, its not a total Solar Eclipse. Its a partial one. And that will occur at 1113 later on this morning. Thats when about 34 of the sun will be obscured by the moon. And again, never look directly at the su