This after a day of trading that saw s p 500 hit another alltime high, second straight day of record. Meantime investors are cautiously awaiting upcoming earning season with 80 of s p 500 Companies Reportedly cutting earnings forecast. Joining me research chief macro strategist lenor hawkins, what is driving the market to plus side if you watch the bond market, 10year yield falling and closing below 2 yesterday and then you this percentage of s p 500 Companies Cutting their earnings forecast . This is really all about the fed in the hope that easy money will keep prices going up because this has nothing to do with fundamentals, if you look at what happened at first half of the year, s p 500 rose 17 , the strongest first half of the year since 1997 but if we look at earnings, if we look at whats going on with the fundamentals, earnings declined 4. 4 for the s p 500 for the First Quarter and expect today decline negative 2. 3 in second quarter, you have prices going up while the actual r
Action. Stocks are higher across the board at this hour as the s p 500 flirts with new alltime highs. If the index is up more than 39. 42 points at the close, that will notch its 17th record close of 2024. Ooh right now the s p 500 is up more than 1 , up better than 56 points. We shall see. We are tracking that index for the next hour. Now, this index getting a boost from oracle which is hitting a record high. A. I. Demand, charles just talking about it, powering strong cloud growth for oracle. As you can see, theres the stock, it is up almost 12 right now. And big tech is also helping to propel the nasdaq higher as a you can see on your screen by 221 points. At one point we were down 26 points on the nasdaq. What a reversal we have had in this session. Right now the techheavy index can on pace to snap. A 2day losing streak. Now to the dow jones industrials. As a you can see right now on your screen, another strong performance, up 272 points. At one point the dow in this session was do
His request, as well as the extraordinary circumstance be s relating to this matter, i have concluded that it is in the Public Interest to appoint him as Special Counsel. David weiss, who just spent the past five years squelching this investigation, is still in charge. Weiss tipped off hunter biden to search warrants, ran out the clock on the statute of limitations. Never open the laptop and never followed up on the 5 million joe biden Bribe Allegation. He t same man is now being tapped to conduct an investigation that he neventer e in the first place. The same prosecutor who woul mtd judge court cooking up a sleazy plea deal for hunter is notthe i the right man for the job. Ag garland will have weissgh ona short leash. Republicans should demand to see the Scope On Memo Detaig the parameters of this investigation because i doubt weiss is allowed to pursue leads leading to joe biden. Will weiss pursue the offshore Bank Accounts or biden,th the his family picking back the Wilmington Trus
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5
Two months. Last week the thieves stole several wallets at gateway shopping center. Once they get the wallet they go to work charging. A lot of times theyll try to get High End Electronics if the cards will go through if they can make those purchases. Often theyll just get gift cards and theyre easy to sell on the street, repurpose them. I never thought about it. I just feel like this is a safe area and i just never imagined someone is going to do that here. Reporter police say always be aware of your surroundings place your purse between your feet, if possible and never place it on the back of a chair do you ever hang it on the back of a chair. If im in a restaurant i do but thats an indoor restaurant. Reporter how do you keep an eye on it if its behind you. I dont. They say thats one of the number one waze to get your wallet. Yeah, i would believe that, yes. Reporter and police also recommend on the back of your credit cards do not sign your name but rather, put see identification or