Have one today, chipotle, the companies that fell a great deal and made a snap back like tulio where it makes it so you can take your Small Business and take it large, what do these things have in common . They are omni channel for companies that would otherwise fail i think its this is ingenuity quarter. I know there will be people who say its a v quarter, i know there will be people who say its because the fed i think its companies that recognize what was the matter and found ways to make money i found it a very inspiring quarter given the cynicism that were surrounded with and the negativity which is frankly overwhelming for many people so you think that even though the fed has bought, what, 1. 7 trillion in treasuries in four months and even as that pace flattens out were going to continue to get innovation like that i find there is Just Innovation everywhere. I had honeywell on last night, theyre solving the problem of the vials with plastic, there arent enough vials to go around
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
Im Carl Quintanilla post 9, new york stock exchange. What a show. Very busy hour ahead on squawk alley. Exclusive ceos with sanjay mean stitch fix ceo white house preparing for vote on tax reform following yesterdays procedural snag. El ylan mui is on capitol hill. Right now lawmakers are debating and voting on proerm measures the real meat of that vote will not happen until roughly noon. Every republican in the senate overnight did vote to support the tax bill one of the last to get on board was jeff flake of arizona. He put out a statement just recently saying he would have written a different bill, that he does believe lowering the u. S. Corporate rate will help make america more globally competitive. One provision that didnt make it into the bill was president trumps pledge to end the preferential treatment for carried interest that pledge was the victim of the weve been trying to cut carried interest, weve probably tried 25 times. Why not we hit opposition in that big White Buildi
7onseptember 9th with a release date of september 23rd interesting couple of weeks. You had the interview in the Washington Post and they have been in the cross hairs of the Trump Campaign but thats not discouraging them from making another step forward into china. Yeah. I mean, they have to. They have to you know, they depend heavily on growth in china. Thats one of the big things cook has pushed and he has done, you know, he was sort of the mastermind of this turnaround in china over the last few years and that turnaround has sort of run aground in the last year or so. Its unclear if this is all apples fault. Some of their sales slow down is because of greater problems in china but the other thing is, they have been hit by competition from low cost phones and this has been what looked like their achilles heel for awhile and its unclear if they can change that around they need to make their phones more attractive at the price that they are. Theyre doing worse on a year over year basis