Investors closely watching the d. C. Tea leaves for signs of a shutdown. Apple does appear to be poised to repatriate billions in overseas cash and flepledges to create 20,000 over the next five years and over a new campus. Morgan stanley beats the Investment Bank reporting growth across the board first up stocks are coming off best day since november. The dow closing above 26 k for first time the s p and nasdaq seeing fresh record closes. The tech sector led the way posting its best oneday performance. Got to go back to october, jim, for tech having a better day than wednesday. There were two tech rallies yesterday. There was one stimulated by asnl its a european company, they make gigantic, the size of city buses, capital equipment, machinery and they say listen, the demand for semiconductors is off the chart. That then triggered a big rally in the Texas Instruments of the world. Micron and the second rally was kind of confused it started with apple saying these things but apple had
Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Lets check in on the Global Markets. Futures pointing slightly lower as we look at things down a couple points 0. 6 points for the dow the nasdaq down 5 points it comes off a day of big gains. Up 1. 25 for the dow yesterday the nasdaq was up over a percent as well. The s p up just less than 1 lets look at in terms of where were going next coming up is the bond market nope bond market next tenyear treasury note coming up a yield of 2. 55 this morning. 2. 6 , we have crossed over that important milestone on the tenyear treasury note amazing to see the fiveyear is around 2. 4 that level we took so long to get past on the tenyear we got data out of china Fourth Quarter gdp at 6. 8 slightly above the 6. 7 consensus. That leads the full 2017 growth rite at 6. 9 retail sales were softer japan is lower the other markets are higher european trade, down about a half percent for the week as a whole. Coming in to a mixed se
Im courtney reggen in for sara eisen thanks for having me its a great day to be on wex on friday happy friday to everyone watching our top story, countdown to shutdown lawmakers have under 19 hours to pass a spending bill or else the lights go out in washington. The republicancontrolled house okayed a temporary funding measure late last night but now the senate must approve it so far its unclear whether or not they will. Senate democrats are holding their ground demanding an immigration deal they have until midnight tonight. The last time we saw a Government Shutdown was 2013 it lasted for 16 days. Well have much more on this developing story coming up well see how the markets are reacting to the d. C. Drama a marginally higher open on wall street, the dow higher by 15 points, the nasdaq higher by 21, and s p 500 higher by about 4. Throughout the day yesterday the markets did slip as it got more and more evident that we were getting closer to the shutdown we had that late vote by the h
Look at the green arrows back this morning, even though the government could potentially be shut down. S p futures up by 4. 5. The nasdaq up by 19. Well talk more about that potential Government Shutdown in a bit. Overnight in asia, the nikkei higher. Up 0. 2 . Hang seng up by 0. 4. So was the shanghai in china in europe, at least right now green arrows across the board. Biggest gainer of the major averages is the dax, which is up by almost 0. 9 percent. The tenyear yield hitting 2. 64 yesterday. Thats the highest level since september of 2014. Again, concerns about the Government Shutdown really pushing things well see what happens to the tenyear when and if a budget deal is found. Right now it looks like its setting in at 2. 63 . Some big headlines this morning. Ibm returning to Revenue Growth for the first time in five years. Shares are down. Theres weaker than expected guidance overshadowing that news the company beating on the top and bottom lines but took a charge of 5. 5 billion
Schumer just arrived at the white house. Reporter i caught up with chuck rounds, a republican from north dakota, who last night was a no vote and this morning changed to yes after promises from Mitch Mcconnell i asked him what was going on. He said leadership has them in a Holding Pattern for the next couple of hours as they figure out what theyre going to vote on, whether it will be the bill the house passed last night, that 30day shortterm funding bill, whether it will be Something Like four to five days which democrats and some republicans have proposed to ramp up the pressure to get a deal done on immigration whether it will be something in between. He says republicans in the rank and file dont know yet. Senator schumer and Democratic Caucus are surely meeting this afternoon to figure out next steps from their approach after that 90minute meeting with the president. As i said, when he came back to the capitol, he had little to say about the meeting, but just that it was productive