Guidance plus media moves warner bros. Discovery missing airbnb shares are also falling ahead of the opening the company sees robust demand for travel, but its guidance disappoints investors. The ceo will join us in a few minutes. Lets begin with a few momentum names today, including one of the beneficiaries of the a. I. Boom, and thats arm holdings, down sharply as guidance comes in below consensus. But shares of the chip designer still up 90 from the september ipo price of 51 a share revenue up 47 licensing up 60. Yeah, look, i think that rene haas will be able to tell a good story, that there was really one question on the Conference Call by a goldman analyst whos very, very good, which knocked the stock down, which explained the dow is a 70 sequential problem when it comes to the some of the royalty arrangements they were basically saying, david, that it was internet of things and automotive. That is not unusual. That is what everyone has been saying, like on semi has been saying t
Part of a key index. You see ftse is up there, attracting index of half a percent. Well have details. It sounds like baseball but i will have an impact on the market. Plus, new details on drama between two of the highest paid ceos. That would be viacom and cbs. Howard schultz says starbucks could be joining the rain, of cooled beer. Well hear from him. We ask Howard Schultz about that. We start with the big day in china. How they could get a nice pop after the close of trading today. Welcome back, bob pisani, hi. I wanted to stay in hawaii, but i came back because of you two. I want you to know that. Thats why i came back. Look. We may not get a pop in prices. Its the biggest indexer. Right now theyre behind the indices. So msci is in the process of putting all of the u. S. Listed chinese stocks in their indices. This is a big deal because china is becoming a part of the worlds economy. The second half is happening tomorrow. So tonight were going to see a lot of volume in these stocks
Dow is up 25 points. S p is up by 2. Nasdaq up by close to 7. Overnight in asia, better than expected Economic Data coming out of japan. Factory output rising. 1 gain to the nikkei up by 166 points. If you take a look at early trading and european markets youll see at this point thing, relatively flat. Red arrows across the board. None of these major averages down by even 0. 2 . A race looking at how european average, up on asia. They read articles like that. They dont last long in these websites. No, they dont. I guess thats the same way with print. Were going to talk about the top stories. Do you like a fourday week where you have a friday off or a fourday week definitely a monday. Its pay it forward, right . Pay it forward. You dont do anything for the friday off of the foreday week. But were youve put in five last week and get three off. Its already tuesday, everybody. Monday is gone. Its better. Its better. Among our top stories this morning, price of crude and the only markets we
Around, as you heard Kayla Tausche talking about so much on the table this week. So much on the table, and what do you think that the month is going to go, a nd what is the traditionally the worst month . Well, now that the earnings are over, we are macro focused an datadependent, so it is more volatile than we have been seeing, but i am encouraged by what we have seen so far, and especially for the consumers. And 75 of the gdp is consumer, and we have good numbers in spending and income, and jobs an wages, and fridays number is very important. And comps is not good. Well, it is spending with on the range, and okay. And volatile series, and the consumer sounds good to many, but what is bothering me is manufacturing. Maybe the oil and the gas bounce and maybe the dollar kind of stabilizingish, that should l help the manufacturing going forward, because that is the one piece that i am going to be watching particularly close ly. And pete, you saw as we come on the air literally on if mids
Race wall street was expecting looks to be set. Hillary clinton has clinched the democratic president ial nomination, becoming the first woman to lead the president ial ticket of a major party. Much of the focus today was on the Presumptive Republican nominee, donald trump. The two highestranking republican members of congress, paul ryan and mitch mcconnell, have come out against trumps attacks on a hispanic judge presiding over the Trump University case, calling him pilesed because hes of mexican descent. I disavow those comments, i regret those comments he made. Claiming a person cant do the job because of their race is the textbook definition of a racist comment. I think that should be absolutely disavowed, its absolutely unacceptable. Senator mcconnell expressed frustration saying it is time to quit attacking various people that you competed with or various minority groups in the country and get on message. Late today in a statement, trump said his comments about the judge had been