Im michelle carusocabrera. We have a new trading month under way. Its been a narrow mixed session and then some volatility here in the last few minutes because of what President Trump said. Nasdaq outperforming the dow and the s p 500 again hitting another record interday high. Speaking of highs, check out these names. Price line trading at an alltime high back to its i po in march 1999. Yes, that would be an alltime high. Electronic arts alltime high in 1989. Dales force, ditto, ipo june of 2004. Ceo marc benioff will join jim from San Francisco tonight on mad money. Jim cramer, of course. Melissa, check out shares of tesla up more than 3 today. So far the stock is up this year, get this, more than 50 . First, though, to dom chu with breaking news. What we are watching now is a move in the financial stocks, big bankrelated ones on the heels of bloomberg headlines saying that President Trump is weighing possibly a revival of the 1933 act, xheshgs banking operations. He told reporters i
Lunch. Im melissa lee. Stocks are holding steady. The nasdaq hittinging yet another record interday high today. Tech and industrials the best performing sectors Consumer Staples and financials. They are the laggard. Down 2 on a big miss, mastercard is up two and mosaic down 7 after missing the top and bottom line. Brian . All right, melissa, thank you very much. And i am brian sullivan. We are coming to you live from day two of the milken global conference in Beverly Hills, california, speaking with the worlds top thinkers on the market and economy. Politics, which is encapsulating everything today, eric cantor being former House Majority leader, chris aailman and dr. O. Welcome, everybody. As michelle mentioned twitter popping this hour thanks to comments from billionaire investor mark cuban. Its up about 4 right now, and we will get to those comments in a moment. First the air is coming out of the auto bubble, it seems. Gm, ford, fiat, chrysler all taking big hits today. Lets go insi
Omaha. Class a stock up more than 11 so far this year and that, of course, outperforms the major averages. Our becky quick is live in the aforementioned omaha. Hi, becky. Tyler, thank you very much. Warren buffett is called the oracle of omaha for a reason, he made a lot of money for a lot of people. He had a gain of 24. 8 in shares of berkshire. That may not sound like a lot but it crushed the return on the s p 500. He built up millionaires over time and a lot of those people have loyalty to him. That doesnt mean every investment he makes is a winner. He is the first to admit he made a lot of mistakes. The winners start out looking like losers, too. The jury is still out on a stake hes been building up over the last 4 1 2 years, ibm. Right now it looks like a huge loser. He built up an will 8. 5 stake in the company itself and hes done that at the average price of 1 p 170 a share. For now, buffet is standing by ibm. We feel fine or we wouldnt own it. And we never sold a share of ibm.
On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o
EAST LIVERPOOL During his report to the East Liverpool Board of Education Thursday, schools Superintendent Jonathan Ludwig said it has been a busy and produ