One trader says this rally has more room to run your rbi on this thursday, july 16 more ahead on cnbc. Good morning from wherever in the world you may be watching thanks for joining us this thursday morning dow futures have an implied open down around 200 points futures you can see off triple digits fair action higher all of this after the dow capped a fourth straight day of gains the index crossing 27,000 for the First Time Since june 10 leading higher was boeing coming off its best day since last month. In technology, no win street yet. It has been weaker in the last couple of days it is still close. The level to watch, 10,617 would give us a new record still watching shares of moderna. Still in focus it is higher right now after closing well off its session highs. At one point, 88 a share. Investors tempering. Tens of thousands of robin hood traders taking free new positions in moderna stock just yesterday. Around the world, things are Getting Started in europe. They are in the red.
America. President trump versus twitter, social media giant factchecking the president s tweets but President Trump is fighting back accusing twitter of election interference and stifling free speech, House Republicans are suing Speaker Nancy Pelosi, looking to end proxy voting and forcing members to appear in person. One giant leap for spacex today, elon musk looks to make mystery launching astronauts from florida to the International Space station later today and the nhl taking a shot skipping regular season going directly to playoffs. Martha stewart will join me at 8 30 a. M. Eastern, mornings with maria is live right now. Global markets are higher, take a look at indices, cac quarante is up 87 and dax index in germany higher by 208 points. In europe green across the board as investors look toward stimulus package in the euro zone, reported kristin lagard the u. S. Economy will shrink due to pandemic. Markets were mixed, tensions rise in hong kong, as you can see the hang seng down
China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche last night, basically, you dont know where we are it is in flux. At 5 00 a. M. It was x, at 7 00, it was that, 8 30, new view. But the one thing is certain, this story that made the rounds, that the president has put out that h
Seem like the mket is one step forward and two steps back. There have been bouts of volatility and head scratching moves. Stocks have been on alownd steady climb higher. Today the gains were capped because lfgering concerns about the global economy. The dow and the s p 500 remain just 1 1 2 away from their records. Th Dow Jones Industrial average was 14 points to 26,949. The nasdaq fell five and the s p 500 was flat. Mike santolli takes ali look at whether this market calm will give rise to something else. Steadiness has been the rule on wall street. The s p 5 remains within 2 off its record high. On going trade friction and the fed meeting that was meant to arify paths forward. Marketsre typically seen as well supported by iestors looking ahead to improve fundamental developments. The rally has been broad with investors apparently happyt t the u. S. Econoc committee will the market valuation today is about the same as one year ago which proved to be the 2018 peak ahead of the bruising
Client sentiment was much more constructive in the Second Quarter. Santander shrugs off a weak performance in britain to surpass expectations in the Second Quarter. A profit warning as an auto partsmaker predicts a drop in Vehicle Production but shares drive higher as the companys results remain in line with forecasts. Ams soars taking the Company Higher issuing an upbeat outlook. All right. A very warm welcome to street signs this morning. Lets look at european markets some interesting moves were seeing in the equity space the stoxx 600 is currently more than a third of a percentage point higher we are off to a strong start in the early minutes with nearly all regions in the green the auto sector in particular showing some strength this morning. We had a few different reports come ut. We heard there in the headlines that profit warnings for continentale, but this is not causing investors more cautiousness but driving shares higher across the board. Autos in focus, chipmakers in focus,