Two great Leadership Groups taking over. I was looking at the stocks today beaten up, and the fundamentals are beaten up as well such as the rax space, and microsoft and intel and going down the list and the few that are not moving. And cisco, and the chips and this is what jim krcramer said this morning. There are two types of tech, tech that is cloudrelated and the digital seagate and microsoft, and we had a positive piece about microsoft, and positive talk from cowen saying to get ahead of Western Digital before the earnings, and this is a tech rally, and the cloud and the Old Fashioned tech and it can occur. Pete . Well, last week, we saw the cisco numbers that were outstanding, and looking in the transitionary level right now that we have been talking about with microsoft, and looking at the name, security, cloud, and this company with a great number and looking at the growth, incredible, and then moving to the salesforce which crushed it last week and then yesterday apple and the
Cramer. You can see the dax, which is not having a great year is up. France and the ftse is down ever so slightly. 10year note yield and wti right at 50 bucks and brent a bit above that. The yield at 1. 854. Lets get to our road map this morning. It begins with more painful retail. Were going to break down all of the big earnings that are out this morning on that front. And is the ipo market back . There are Six Companies making their debut today. U. S. Foods we just mentioned here at the nyc, set to be the second largest initial Public Offering on the year. I think Mgm Properties will be the largest still. And what role will apple play in the future of television . The deal, i dont want to say it, were going to talk about this fun story. Its fun. Its never going to happen. Kim jong jim if you havent seen that one. I dont think of you as the fearless leader. No, and i havent spent a lot of time with Dennis Rodman either. Crude surpassed 50. Stock futures also up following on the gains
Najarian and steve weiss and bob lebenthal. And so what are you seeing here with the end of sports a authority, and what about this pain . Well, the Sports Authority is the gift that keeps on giving, and i saw the big bankruptcy sign, and judge, did you see the same thing . 10 off . Who does a liquidation at 10 off . Nobody. You know what i did when i saw that . I marched out. Exactly. They better have a lot of money, because nobody is buying money at a place that has a 10 off going out of business sale. Just getting started. But is it going to hurt under armour, and all of these are a death by a thousand cuts, and yes, it is going to affect under armour, and nike, and also, to a smaller extent, but those aret not the big things, and the fact that the olympics are not something that is going to be nearly the driver that they have been in the past, and that is my feeling, because of zika and a whole bunch of other distractions, i think that people wont be as geared up for it. So i think
Worldwide exchange. Overnight an egypt airplane carrying 66 passengers and crew disappeared from radar this morning over the mediterranean. Egypt air is egypts national airm. On board, 30 egyptian, 15 french nationals, one brit, and one belgian among others. Scrambled aircraft and bottas search for the plane. The plane was flying an altitude of 37,000 feet when it disappeared at 2 30 a. M. The live report from paris is coming up in a few minutes time. Lets get up to speed on early market action. After stocks were gyrating all over the place on the back of yesterdays fed minutes were which were interpreted to put june firmly back on the table for a Interest Rate hike. The dow is down lower this morning. Extending losses after what was another volatile session overnight. Dow futures down 84. S p futures down 10 and a half. Nasdaq futures down 20. As for the 10 year treasury note. Jump on the back of that reaction as the june hike odds went up sharply. Not at 50 but they have adequate roo
We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin on the other side. So thats one massive opportunity for us to increase engagement in both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, its about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and thats whats sort of