Down jim, it was nice to hear becky give you props for the caution you have telegraphed in the past couple days. Watching your twitter feed it sounds like you are on alert for vying option at month end. You have could be cognizant of the fact that two days before july 4th the holiday are the two probably most strongest days in the entire year. I do think theres still too much froth you can watch nvidia today, there is a love affair with nvidia and the analysts which includes me. That one has to go up. The love for nvidia is so strong that you have to say, okay, that is your thats your bell cow here but i do think, again, that and, david, youve seen t there is that cohort of people who keep coming back to the airlines, keep coming back to the cruises, keep coming back to the tankers and those are the weakest part of the economy. It is, and for a reason you know the reason. I mean, look at the map, right thats really what you have to do at this point look at the map, jim weve been talkin
Positive. Their analyst is here to explain why. And a new report shows workers could see the largest salary gains in more than 20 years. What that means for consumers a and the fed. Well discuss. First, a look at the markets where we fluctuated between earlier declines and stronger gains, which were wading as we speak. The dow up 51 points right now. The s p, positive by just about a tenth of a percent. The nasdaq in danger of turning negative, and the russells, up 1. 5 . The nasdaq treating those bond wielding as a bit of a headwind today. Treasury space, lots of action there, as well today. The twoyear yield is up 10 basis points from yesterday, while the tenyear is a couple points below its recent highs of 4. 88. The climb in yields is why my next guest says the fed will be sitting on their hands in the next couple of weeks. Welcome to both of you. Peter, is it you who thinks they will stand pat . Some are arguing the latest spate of data should push them towards doing one more hike
Were closed for holidays. In the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. Ftse is also down. Crude Oil Yesterday down, and down once again as pumping in libya and the United States more than made up some of the cutbacks. We closed below 48 yesterday. Right now 48. 04. On todays agenda the fed concluding its twoday meeting with a statement at 2 00 p. M. Eastern time. The central bank expected to hold rates steady. Investors looking for hints that the economy is on track for a rate increase in june. Another big earnings day ahead. We will hear from time warner and yum brandtbrands, after the close, facebook, tesla, aig and fitbit will report. Adp private payrolls at 8 15 this morning. Later services pmi and ism nonmanufacturing. We are just four days away from the final round of the french election. Candidates emanuel macron and Marine Le Pen face o
All right. Im tired of hearing about the koolaid as in cramers drinking the koolaid again. On a day like today where the dow gained 107 points, nasdaq cliemded 0. 64 , i got to tell you, i know what the koolaid looks like and what it takes like and this aint it. I actually covered the horrific event where the phrase drank the koolaid came from. Back in 1978 i was a reporter covering everyone who died violently in california for the late lamented harold examiner. I was assigned the actual jim joans case, the man who lured 900 of his followers to his death because they did drink the koolaid. That concoction was laced with cyani cyanide. This market i think its laced with some tried and true principles. But to get upended by the rhetoric is next in line for the peoples temple potion. What are some of the oldfashioned concrete methods that can call this poisonous tonic into question. Lets start with the transports. It its one of the old evidence theories when it comes to stock before you c
John fort is back from the mobile World Congress in barcelona. Tired but here. Its good to have you back. Great stuff this week. Along with kara swisher, executive editor at recode that joins us here today. First up apples annual Shareholder Meeting is set to start a little under an hour from now. Josh is there live. Hey, josh. Well, apple shareholders have been lining up all morning and coming in from all around the country i spoke to one guy that drove 8 hours from southern california. Another man that actually flew in from nashville. Of course the big issue here today is this fight between apple and the u. S. Government. When i asked the shareholders did they think the government should be able to force apple to write new software to bypass those security features, give the fbi access to this encrypted locked iphone they said no. It was pretty unanimous. Of course these are am shareholders and investors and believers but you heard them echo the same comments we heard from tim cook.