Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them combined everybody that fought them, they have thrown in th
Again and not much change. Sal will tell us about the roads. Pretty quiet but a little wet. Might be just enough to slow you down a little bit. If you get on the road early, you should have a decent commute but you will have slowing on 205 at the tracy commute and it will get better toward livermore with highway 4 and 680 and 80 and the freeway is starting up pretty well but if you are driving south, once you hit the south bay, it looks good. A look at the san mateo and the bay bridge, a good start and lets go back to the desk. Today, a rally planned in a few hours by a group of oakland mothers that moved into a home they said was vacant for months and remove them. Jesse gary tells us the women say they are not going anywhere. Reporter with the clock ticking, some thoughtful people in oakland brought food for the women under court order to and there occupancy in the 2900 block of magnolia street. I want to show support for them and encourage them to stay strong. Its about time. This ha
It built the thing that destroyed itself, the car. We built the car to leave the city, so isnt that ironic . Just 40the richest years ago. We were the richest city, and now we are the poorest, and now you cannot buy a cadillac in the town settled by cadillac. So what happened to detroit happened. I am more interested in what is going to happen and if i can make it better for all of our kids, and im interested in that. There used to be so much money here. They talk about the saturday night drives up and down woodward, and you got a new car every other year, and there were so many jobs that you could go across the streets to the other supplier i get another job until your boss to screw it. We were rocking. We had the greatest schools and graduates, so we did not take advantage of it because cars were our life and then things changed. After the oil, people did not want the cars. The cars were made poorly, right . The japanese and foreign car started catching us. Factories started moving o
Bros. Discovery. Its thursday, may 9th, 2024 youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. We are live from cnbc london lets get you ready for the trading day ahead with the stock futures. After a mixed session yesterday with the dows longest win streak at six. The futures are in the red across the board close to session lows right now. It looks like the dow would open up 65 points lower we are checking the bond market with the tenyear yield moving higher than recent days. 4. 51 . The twoyear note is Holding Steady to yesterday which is at 4. 85 . We saw it at 5 a few days ago the Energy Markets here are lower. We are looking at wti below 80 a barrel it is up 1 right now. Brent crude is trading at 84. 25 up 1 as well. Thats the set up. We have the big day for earnings and movers we start off with the stock that people are watching. Arm Holdings Shares are sinking on the weak forecast which is raising concerns of the potential spending
Im telling you anybody in this top six or eight positions can get this thing done if they work together. Mike kurt busch checked and release. Aric almirolas radio. We made it this far. Just figure out how you can be leading at the white that way when they crash we win it. Thats all i know. Mike advising him. Jeff its hard to argue against it. Mike theyll see green, white, and then checkered to end the daytona 500. Its overtime sponsored by credit one bank. Jeff the aggression is about to step up a whole other notch. Mike green flag. Darrell almirola is there on this restart. Thats huge. Mike toyota and ford up front. Buescher and dillon. Darrell get right down on that door. Pretty strong. We dont know how strong they are. Jeff that will hurt denny hamlin. He has no buescher. Aric almirola missed six races. Thats when Bubba Wallace got his chance to drive in the 43. Almirola moved on to stewarthaas racing and is a lap away from the checkered flag in the daytona 500. Darrell he did what