So call me at 1800cnbc how did we get up here with the s p 500 hitting alltime highs, dow hitting its high for the year after gaining 249 points today. S p climbed 4. 9 nasdaq rose. 80 and more importantly, does this market have what it takes to keep powering higher regardless of what happens with the president , with trade, with the Federal Reserve . Just looking at the fundamentals of individual companies which is what we do best in cramerica, i think its worth wondering what might happen if we stay on evq we need it know if the market has gotten too expensive, or if its got more room to run. Especially with oil having a monster runoff just today because of tension with iran so lets zoom in on the top ten performances in the Dow Jones Industrial average, 2019 see, this will help us put in context so we understand how we got up here and whether it is dangerous, whether its safe, whether it makes sense number one is microsoft. Its a trillion dollar household name with a stock thats up
And Goldman Sachs and hotter retail sales. Were also seeing higher bond ye yield. Our roadmap is going to begin with a slew of corporate results. Goldman and bofa. Lockheed martin says it expects to grow sales this year. Retail sales coming in much stronger than expected. The tenyear is rising and stocks are on track for what looks to be a lower open, about 29 minutes from now. Changes at news corp. Or perhaps liking what it means as an investment. Starboards jeff smith will join me live this hour from the active passive conference which we cover every year. We start with bank of america and Goldman Sachs, above what most analysts had been anticipating. Bofa seems to be the out dealer performer, although we havent opened as of yet. Coming through with their share of concerns as well, whether it be with goldman in terms of the continued drag the consumer has on the business even though its such a small percentage overall or bank of americas Balance Sheet which weve talked about many tim
That however, stuck up pretty well against anybody around. Whatever success ive had at the port has been largely because of my team. So, i would like to take this opportunity to introduce them and think my team. Some of whom are here today and some could not make it. So, there are two sections of it support. The first is the Infrastructure Group that includes the network, the storage, desktops and help desk. Today, we have admin of a talented manager. Tenant, could you stand . When we talk about the data center of the airport that was really gauche and i think it turned out really well. We also arnold cindy i go. Hes the only member of my staff within it were longer than i have and these been 18 years. Arnold. We have week ryan, whos really are virtualization architect. And we also love our interns, Jonathan Ford and max stevens. When we depend upon daily. We love our interns here at the port. The other side of the house is the Business Applications group and the port is primarily an o
Another 1 in europe, the impact of the euro, now it is 1. 20 yeah. Most of it happened friday i cant say it was that much of a move, felt like the cap stone of a huge move it was almost a parody earlier this year. Now at a buck 20 theres the euro, 1. 193 it was 1. 17 and change, just under 1. 18, then went up to 1. 20, led by a pound at some point, and all based on comments from jackson hole. Doesnt say things are awful, i guess the implication, take it another 10 higher. She didnt say things were great. People know all right. Well get to texas in a minute first, an important corporate story to tell you about after a bizarre ceo search, wasnt it . Finally chosen, uber has, expedia Ceo Dara Khosrowshahi to be the next chief executive, he has been with expedia since 2005, credited with expanding the global presence. He immigrated to the United States from iran in the late 70s. He says he was the truth pick for uber he has been very inquisitive, visionary, i guess barry diller met him whe
Electrolux. But the ceo is confident of a resolution. Racing to the top of the market after a tie one sprint. The time for talking with greece appears to be over. The euro Group President says creditors will no longer negotiate with athens until there is an outcome to this sundays referendum. Alexis tsipras continues to accuse institutions of blackmailing the country and insists this weekends poll is not a vote on staying in the euro zone. Some insist on connecting the results of the referendum to the country stay in the euro. They even say i have a secret plan to take the country out of the European Union if there is a no vote. They are knowingly lying. The imf chief says the fund will continue to gauge with greece despite athens missing its payment. However she added she was unclear where negotiations now stood. We have received so many latest offers which themselves have been validated, invalidated, changed and its quite uncertain where the latest proposal stands. Lets get to julia