Good morning. Joining us kara swisher, executive editor at recode. Before we get to kara on the top tech business, lets get a check of the markets the dow is as just hit another record high. Its just backing off of that point. But if the dow manages to close higher, that would be the ninth record close in a row. And the tenth straight day of gains for the dow. Certainly the Big Multinational Companies have outperformed. Take a look at the nasdaq. It is doing better at. 25 coming off a week of losses. Well see if tech can continue this rebound it is sort of a mixture, a mishmash, mike, of companies that are leading right now you have Goldman Sachs and apple leading the dow. As far as the s p 500, tech is strong, Consumer Staples off that tyson report. We have a lot more earnings to come this week, disney, cvs, time warner and retail later in the week nasdaq is up 60 of the volume in advancing stocks the bread sj good and the nasdaq nod as g the market just holds steady the s p 500 is ha
Julie hyman is here with the latest. Julie hitting records for the dow and the s p 500. , thea bit of Economic Data job openings a little bit of a dated number, or december and it fell to 5. 5. Decline in those jobs openings, but the november number was revised lower, and the december number was a little bit lighter than had been estimated, so a bit more color on the job market in the u. S. As the fed says we are approaching full employment. Small. Ements are fairly our trip to these records has been quite incremental. Stats, it some of the has been 61 days since the last 1 move up or down, and the s p 500. 62 days was the longest in this current market. Sinceys was the longest 1945. If we extend into tomorrow, that will match the longest streak in the current bull market. As we talk about the day after day, this drumbeat of low volatility, this is what this is indicative of. In terms of todays session, one of the bigger moves we are seeing is in general motors. I want to show the move
Business risk warning today as it reports a charge that could top 6 billion. Were getting set for the openings. We go to hong kong and the rest of china coming on stream in just a little under a half hour from now. Lets get a flavor of what is going on. It seems like one way traffic, david. David were seeing some markets under pressure right now, rish. I think the last 30 minutes or so has maybe changed the conversation a little bit as you can see behind me. The kospi has been down pretty much since it opened. It hasnt been very down. I think if i want to take a phrase from a very simplistic way of explaining the markets. Most stocks down. Japan made it down to the yen, when dollar yen started to fall is when the benchmark basically erased its gains and where we are at the moment. We are still seeing decent gains so the overall tide is up. Australia up for a sixth straight day. I think that would be the longest streak of gains there. In sydney, going back to august of last year, ocbc j
We are 30 minutes away from the open in china and hong kong. Asiabergs southeast markets, singapore, malaysia coming online, joining this session which has been positive. Japanese market leading and gains after getting a arrest by it on the dollaryen. They are ahead of the key speech from President Trump. Sophie is tracking the markets for us. To the respond in the dollaryen strength, we are seeing japanese shares higher about six or send following the rally on wall street. Take a look at some movers on the nikkei. Gaining. 5 . This Company Makes jet engines. It also builds refineries and Nuclear Power plants. It is said to have booked a onetime gain on a Properties Sale in tokyo. Toshiba following about 2. 6 , using the earlier drop. We did have a japan ceo saying it does face a risk. One of the reasons including this liability could exceed assets. We are seeing a gain of about. 1 . Earlier we did have australian stocks open weaker, now up about. 33 . Helped driveally the seller profi
Eighth straight decline. But it is those financials that are the big story this hour. The worst month for the banks now in more than a year. Josh, what is this about . Is this all about rates, which arent doing what people thought they were going to do. I think rates is in there. Deregulation is in there. Weve been talking about this stuff for a while. I would point out, actually, though, that beneath just pure price action, momentum on the sell side is stating to slow down. Take a look at Goldman Sachs. Starting to form a beautiful hammer. Of course, well see where she closes, but that would be the type of thing youd want to see, to say okay, enough is enough. Also, scott r bear in mind, financials are still the Top Performing s p sector going back to the election and quite frankly, by a lot. So, yeah, theres been damage here. Along with a lot of other down 10 . Morgan stanleys down ten. All of this taking place within the last month. We broke down last tuesday i thought was a consequ