Undermine the now popular soft lining economic story and what will it mean for the markets. Here to help answer that is private wealth chief investment officer, cnbc contributor. So first on the action today, we were only down 3 4 percent but it is two days in a row where it seems like the expected august pullback is resuming. We had the big Growth Stocks of apple, microsoft and nvidia 10 or 11 below and the broader take is Holding Together okay. Do you take heart in that or feel like its noise or delusion . Maybe a little bit of all of those. I feel like there has been a sense of somewhat capitulation in the middle of the day over the last couple days and i think that there continues to be a very strong underlying bullish sentiment which stems from the expectation we will see soft lining or none, we have seen a lot of sectors from even soft landing over the couple weeks. The other thing is investors are trying to determine how much the cpi tomorrow but change the narrative and the thi
Wigan and newport. Lets speak to marc ashdown, business correspondent. How rapidly have rents been rising . The bbc teamed up with that property portal and we asked them to track rent rises over the past three years. Between 2020 and 2023, they looked at 65 areas across the whole of the uk. For the areas which have seen the biggest increases. This graph tells a story. This is the average amount rents have gone up across the uk, just under 31 . These are the areas that have seen the biggest increases. Manchester, bolton, glasgow as you would expect. But six out of these ten are areas close to cities but not cities. These are towns within touching distance of cities. They have seen the biggest rent increases, luton, newport, bolton. Nearly 39 over the last three years, rents have gone up in bolton. 15 injust the last year. One of the Estate Agents we spoke to said in his 23 years, he hasnt seen anything like it, he described a staggering. Baez hasnt seen anything like it, he described a
The stock is down almost 25 this year. And the crypto climb continues. Crypto up 56 in a month. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We start off with the trifecta of trouble in the socalled magnificent seven. Apple, after fa bet and tesla all down sharply this year. Yet the Broader Market seems to be okay, shrugging off the weakness. The s p closing the day basically flat. The dow and nasdaq were down less than half a percent. And look where the strength came from. Nvidia up 3. 6 , a new alltime high. That stock is now up more than 250 from a year ago. Lilly and the glp space also continuing to gain. That stock quickly closing in on the trillion dollar market cap club, but its not all the same old stocks. Transports also at a record, with todays move higher drichbt driven by lyfts 4 pop. Industrials also on a tear. Names like caterpillar, up days in a row here. What does this broaden
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo
Neil not roaring like a not lyanne but it wont go out after a lamb after the two months weve seen with these markets and not looking at the nasdaq and s p, building on records yesterday and acknowledging investors are chasing of the day. Artificial intelligence was a big deal last month, one of the smartest people on the planet tell us it will be a bigger deal this whole year. Ubss ai excitement fueling another 20 rally from here, the s p 500 this year and arrayed domino says things might get crazy but are far from crazy right now. As we set up on the third month of training, whats next . Lets ask ray want, gary k kaltbaum. Ray, what do you make of this . Its too fast. Another 3 or 4 , calm down, what do you say . The market has a lot of room to grow even if nvidia hits 900, we have the beginning of the ai age, thats just hardware, we have areas around software that will grow, companies that make a lot of advancements and service companies, this is like the beginning of the internet. W