Terranova. He plays a great guitar . Its called the mr. Wonderful. Its built by fender i was a shareholder in fender for years and i made no money. Joe, was he actually playing the guitar he was. This wasnt a milli vanilli situation . No. No billy gibbons, the zz top guy, who im in awe of as a rocker tweeted me and said hey, hey, not bad, but youre leaving a little on the e chord. Hes an investor he watches cnbc. This is good. Joe, were excited to have you. Thank you for getting up early on a holiday week. The last day of trading for 2017 lets tell you where u. S. Equity futures are. Theyve been negative throughout the morning. S p is the only average that would open in positive territory if it were to open up now, up by 3 points overnight in asia, final trading night of the year has come and gone largely mixed. The nikkei slightly negative hong kong positive as well as shanghai 2017 finished off with a gain of nearly 20 for the nikkei. Look at that 19 year to date look at crude. Weve
Was slowing down old devices what theyre doing to win back favor and what it means for the stock. First, stocks rallying to kick off the new year. The nasdaq and s p 500 both closing at record highs with nasdaq closing above 7k for the first time ever. It does feel a bit like 2017, when tech crushed the competition, soaring 37 what do you do in this new year . Do you stick with what was working, namely technology, guy . I think you do, mel, and happy new year i think you do stay the course people want to play the laggards, but stay with what works and what has worked. Dan nathan has been on this. Intel, big move to the upside, valuation is reasonable. Micron had that huge move from basically the low 30s up to 50, retraced back to 40, had a decent day today valuation of micron makes sense, dram pricing is still heavy. Texas instruments, great story, theyre in great places, but now 24 times forward earnings, i think its gotten expensive. Technology works, just be aware of what youre buyi
All right, america, youre so money and dont even know it, maybe you do because your Stock Investments hitting record highs yet again. Look behind me, all three major indexes higher for a fourth straight day you see, mr. President , somebody is talking asht ining about it. Surprise one of the big winners this week, ge, up 6 in the last five kays were going to chat with an analyst sthat says the beaten u ge could go 50 higher from here check out other movers this hour, cvs health, xilinx, underarmour, up, leading the s p 500. Welcome, everybody, im Tyler Mathisen we kick off the day with the jobs report, first of the new year payrolls for december missing the mark the jobless rate hitting a 17year low. Wages rising not blowout pace, but nice Steve Liesman in philadelphia breaking down the numbers and looking at what it all means for rate hikes this year steve reporter hey, tyler, thanks. Yeah, it was a weaker than expected jobs report, but economists said it didnt really change their vie
Welcome to power lunch, im Michelle Carusocabrera. Stocks on the red, they did hit alltime highs before dropping and the s p is higher up by one point. Utilities, realty and tech are seagate, nvidia, a map. Its a weak day for the for pharmaceuticals. Take a look at go pro, the ceo sake it will cut the workforce by 20 today its at lower by a dollar and a half after a decline of nearly 20 blue apron is feeling blue today as well. Down 17 cents. When youre on the at 3. 74 stock thats a 4 decline, tyler. Michelle, thank you very much creche welcome, everybody. The firm said clients were net buyers in december, resulting in one of the longest buying streaks in history visa says it will raise the 401 k matching commitment, following the passage of the new tax Bill Williams added that tax cuts should have a modest effect on growth brian . Thank you with you kick off this monday with the markets and your money. Stocks may be mixed, but dont be fooled. We are close to recordhigh levels if a new
A onetime cash bonus to eligible employees walmart says it will expand maternity and parental leave benefits been a couple years since they took wages up. Before a lot of their competitors, took it to 9, now to 11 when youre talking this many workers, it gets your attention. I think we have to be careful, though. 1. 5 million workers in the u. S this wage hike from 10 an hour up to 11, thats nice, but walmarts wages are that low to begin with and weve been wondering for a long time with the tightness in the labor market when are the increases coming starting wage, to be clear. Not every worker makes that, but walmart is infamous for having workers on public assistance, so how much praise do they deserve, plus this 400 million worth of bonuses, which is great, one time, but lets not pretend this is some huge, amazing, generous thing. Theres been a lot of criticism of this company for underpaying workers for a long time. But some money is better than no money, right . Yeah, but you need