Stay updated with breaking news from Bamian. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
a lot of viewers enjoying the reggie jackson photo bomb here with bob. thank you very much. with all of that, let s get over to the judge and the half. welcome to the halftime report. i m scott walker. the nasdaq s moment of truth.. over the next 48 hours, with two major events could very well determine where that record setting index goes from here. key earnings from apple and facebook, will they be good enough to keep tech flying high? with us for the hour today, joe turnover, stephanie link, josh brown, john najarian. we begin with the nasdaq. apple itself hitting an all time intraday high. how many of these two key earnings reports are going to dictate whether the nasdaq and tech can keep rolling? huge. very huge. let me throw out a stat to you real quick. last year at this time, apple s straddle, that s the combination of the call and put, were trading for almost the same price it s trading for now. difference is last year we were going to it with a 104 p ....
new highs. it is feeling more positive than yesterday, but still sort of flirting with records here. as we talk about what is going on geopolitical he with the french collection, earnings still remain a strong background backdrop for stocks in the united states. we have the earnings that have been so far as of yesterday. we have not incorporated today s numbers yet. we are nearing 15% earnings growth. this is the double-digit earnings growth that was estimated by some, and we are pulling out of the single-digit earnings growth from a couple of quarters. it is definitely making a different. pharmaceuticals are climbing for a change. the valiant is taking progress progressiant is making with its assets. we also have and go health healthns, endo solutions which is coming out with some earnings. the updraft is not helping other pharmaceuticals so much. we do not necessarily have earnings, but we do have some earnings related numbers from airlines this morning. american ....
end here. it is nothing to run around with your hair on fire. everybody wants to sing kumbaya and wants to hear that melody floating through. julia: we recap another wild week of earnings reports. it is not turbulent. we are very stable. there is an absolutely an opportunity to drive through. julia: that is all ahead on bloomberg best. julia: hello, and welcome. i am julia chatterley. this is bloomberg best. your weekly review of weekly analysis from bloomberg television around the world. the week began with important news from oil global markets. saudi arabia and russia signaled oil cuts are likely to continue. he is going to head straight to beijing where the saudi oil minister is speaking. let s take a listen. we have come to the conclusion that the agreement needs to be extended. we will not reach the desired inventory level by the end of june. and therefore, we also came to the conclusion that ending will probably be better at the end of the fir ....
dow still 25 points shy of those levels. six straight days six great sessions with the s&p 500 climbing following last week s plunge of 1%. it has come back, and then some from those levels. one of the things limiting what would be bigger gains is the price of oil, following the opec ,eeting with oil down 4.2% below $50 a barrel once again as opec extended the production cuts but not for a full year, rather nine months. there was optimism that had been percolating that it would be longer. oil shares today, they pulled back with many drillers and oil services companies taking hits, transocean and marathon on this list. stocks are higher today, not lower or being dragged down by these energy shares. consumer discretionary a strong group, best buy is trading at a record, up 22% in today s session after the company comparable sales unexpectedly rose in part because of mario and the sales of the nintendo switch with sears holdings trading higher after the company reported ....
negotiating the agreement. lots more to come on that topic. a lot moving around here. julie: we are seeing declines. we are seeing the selloff continue for the major averages. what is notable is the underperformance of what has been consistently outperforming, the nasdaq. it has been leading declines today. i want to dig into that of it, particularly the nasdaq 100 and dig into that a bit, particularly the nasdaq 100. it had risen for eight sessions straight before today s declines . if you lengthen this out and look over the past month, you will see that we fully add we have only had four down sessions during the month of may. session,ok at today s the big tech laggards we are watching. these of the companies that have been powering the gains recently and trading at records in many cases. apple, alphabet, amazon and a hiccup at the end of a long run. chinese technology giants are also falling in today s trading, whether you look at alibaba or baidu chinese economic ....