The retailer sees some booming ecom sales. And of course buffetts big surprise, revealing a secret Minority Stake in one of the markets biggest insurers. S p closes above 5,300 first time and the dow does inch closer to 40,000, jim. You said this morning, overbought, but things can remain overbought for a while. When it gets this overbought, when theres so many different buyers, and we have had this a couple times, bill paul does the great work for the oscillator, you can actually have a sustained churn, flop and chop. It doesnt plummet if youre up at these levels. It kind of just marks time. Now, we did have one of these last year where we came in, the first couple days, nvidia got slammed, the big momentum guys got slammed. Then, they came right back. I know it sounds odd, but you can get to an exalted level like we are now and have some rotation internally, but its not like when were like plus 5, 6, really fast and then boom. I know i dont want to be complacent, but when you see a w
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
Now. Amc up 10 . Sunpower corporation has dropped. Watch that volatility. And our good friends at black berry are up a little over 1. 5 after what was a wild, wide ride yesterday. Well talk more about that and the implications of that. Are we back . Are we back . Its like going in a time machine. Treasury yields, we should mention this. Copper prices hitting a record high overnight. 5. 02 per pound in an effort to build the global economist maybe something well talk about with our secret mystery guest who knows a lot about evs and cars and other things. So gamestops up, sorkin, today. It is. But not as much as it was. It opened at almost 65 yesterday. It did. It closed at 48. It did. Today were in the mid50s. Were not hitting the crazy high we hit yesterday. Im torn. Theres no doubt, i agree with you, its like certifiably insane, but then there are people that write in, so you clowns think its okay for hedge funds to have naked shorts and do this and do that, but its not okay when the
Visit the war zone as he heads to israel tomorrow. And Vladimir Putin lands in beijing for a closely watched sit down with xi jinping. It is tuesday, october 17th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. We kick off the hour with the check of the u. S. Stock futures. Take a look. Red across the board right now. The dow looks like it will open 85 points lower. Sn s p and nasdaq is opening lower. We are coming off a strong monday session and this is the russell 2000 showing strength rising more than 1. 5 yesterday for the best day since july. You see the moves right here. Big swing here. Same story for the dow transports coming off a nearly 2 gain. Take a look. Up 2 . Big swing right there. All this on the back of falling treasury yields. You can see a rate sensitive sector getting a benefit. We are seeing a rise in the treasury yields this morning. The tenyear at 4. 74. Moving higher this week. The long bond
Market shares. Unicredi, i, it is in the g and raising guidance for the full year. Its a record. Its the 13th quarter of profitable growth. We are getting ahead on profit for the year. In addition to that, we had a positive surprise on systems in charges. We are 200 million better than expected. Infinion cuts the fullyear forecast, but details the cost saving program. We have to confess compared to the previous fullyear guidance, we had to lower our expectations. Previously, we were guiding for 16 billion in revenues. Now we are guiding down to 15. 1 billion. Energy complex quarterly profits fall, but the giant still confirms a 1. 7 billion buyback. Good morning. Welcome to street signs. Taking a look at the European Market right now. We are seeing a green day across the board. We are looking at ubs which has blown past estimates with earnings per share at 52 cents. More than double expectations and reporting net profit at 1. 8 billion. Silvia has more from zurich. Silvia. Reporter goo