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i know we have a race some losses by it is impressive given the volatility we saw with those fed minutes. 5 i m glad you bring those up. it is which that fared the worst this week. telecoms andities, consumer staples declining by 2% or more. you can see utilities are the worst performers of the bunch. if the fed is going to start raising rates earlier, that makes them less appealing. picturear the bigger , the record high was set last may 21. onhave had the fed following february 11. belowar later we are 3.5% that all-time closing high. looked many times it like we would break that record only to be denied again. that is the story, on those hawkish minutes. here is the chart. you can see we re at the higher in of that range as the market gets set for a continuation. you see that jump up in the last few days. that is the defining story of this week. we are still very much range bound. looking at the dollar, the dollar consolidating its recent gains. it has advanced for ....
markets this morning, yesterday an upday. the nasdaq has seen seven straight positive sessions, the first time that happened since february of 2014. this morning we are flat as wall street awaits the jobs report. overnight, in asia, take a look, you ll see, yeah, asia was higher with japan s nikkei up by almost half a percent. you saw gains of better than .4% from the hang seng and the shanghai composite. in terms of what is happening in europe in the early hours, you ll see right now things are up for most of the markets. the dax is up by half a percent. if you check out crude oil, yesterday, crude oil was higher, broke a four-day losing streak. this morning it is up another ten cents to 49.26. the next fed meeting scheduled for june 14th and 15th. there is a small chance of a rate hike at that gathering, but the cme group s fed watch program tells us that the markets are now pricing in roughly 59% for the july fomc meeting. we ll talk to says july or september. ....
on squawk street, and this is squawk alley live. good tuesday morning and welcome to squawk alley. kayla tausche and me at post nine with jon fortt and jason calcaneus joining us as well. and now, our best ever day in china, and we have details with susan at hq. yes, let s go to hung cho, china where the alibaba is projkting to grow 30% this year, which is some different from the projections of the and analysts. there was an overarching event of the company, and to him, alibaba is no longer a marketplace to sell goods according to the ceo jack ma. we want to have the collective datas are from the consumers and the datas are from the business. yes, so data is very important to him, and, yeah, basically he is developing the cloud likem amazon and break out in the future, and you know the four major areas for alibaba, the cloud, marketplace, and what they are calling the mobile media and entertainment, and innovations technology, and the big topic that peop ....
street journal. profits to fall for fourth time in a row. i was worried. i was worried i slipped into some sort of alternative universe, alternate dimension. could they be talking about this market, which gave you a nice little gain today? here s an article that has really, this has a first-class a-number one wound. several factors are weighing on earnings. collapsing oil prices are taking a toll on energy companies. low interest rates and a weak market. and a saturated phone market is reining in apple inc. but how does that mesh with the fact on the ground? this season started a week and a half ago when pepsico took things to an all-time high. even as pepsico has gotten it up, i can t imagine how better it can be than this company s doing. so the bar for the season was set very high indeed. them amoco what followed with an amazing, a stunning report. the best numbers we ve seen from this company in years. alcoa gave you extraordinary earnings and revenue beat, thanks t ....
hoping to ease some concerns apple had hit a wall. marketing the first time in ten quarters the company has seen revenue growth in ipad sells. talking about the performance with an analyst in just a couple of minutes. take a look at the futures right now. not only do we have the earnings report. we had twitter last night. right now things looking up on the high side. dow would open higher. s&p 500 about 3.5. nasdaq up close to 30 points this morning. the apple stuff makes a lot more sense to me, andrew, because when we were talking about when they were still growing. yes. they were going to grow from a revenue base quarterly of like $42 billion and that s an unbelievable i was thinking that s not guaranteed. even know it was down of what was it revenue was down i forget how much. who cares if revenue is down 49 to 42. so it s 7 billion less, but it s $42 billion. their quarterly profit is like 10.68, but my problem when it was priced for perfection is you th ....