You have under armour coming in down by 1 . Founder is actually stepping aside as head of the company. Started in his grandmothers basement. Willnder armour president become the chief executive officer on january 1. Theres a huge restructuring that planck has been under over the last few years and this is really a change in strategy. Looking for distribution and longterm growth strategy. Kevin plank stepping aside after 23 years at the helm. Procter gamble beating and raising. Ups also coming in a little bit stronger here. Its earnings view as well. Crushes it on earnings and revenue. Solid numbers. Ly we were worried everything was going to be terrible. Bloombergo will be on balance of power. Time for Global Exchange where we bring you todays market moving news from all over the from london to zurich, toronto and new york. We want to kick it off in london where Orest Johnson will find out this evening whether he has any chance of getting his deal through parliament. Juncker told the E
Holding this up is primarily the defensives in the utility sector, some consumer staples. Mcdonalds providing a little bit of a drag. Take a look at what is happening in the treasury market. Bond bulls undeterred. A lot of folks said this is going to be a dip buying opportunity, and that is what you are seeing. A lot of uncertainty that had driven the bond rally prior to that selloff, brexit, u. S china trade, those have not been resolved, but you will see the bond bulls remain active in this market. We saw the dollar knocked down a peg. You are going to start to see the price action like this. Take a look at gold. Gold actually had a little bit of a bid earlier today. Now it is flatlining, but holding at that 1500 an ounce level. A lot of analysts say that when you talk about the fair value of gold, they are looking at 1600 allers to 1800 an ounce. Guy lets talk about the brexit thing. Basically, the pound hovering around 1. 29 versus the dollar. We are a little way away from the 1. 3
For nvidia long my favorite stock one i always say to own, dont trade. Yet i keep hearing about how to trade nvidia should you go long or short . The greatest avl intelligence play of our time one thats already changing the world with its borderline miraculous semiconductors. Should we declare victory, sell the darn thingup here . Maybe buy some more. And then it hit me why dont i just tell a dad joke so here goes [ rimshot yeah that is why my sisters names rose because your mother loves roses. Thanks, dad. No problem nvidia hallelujah plunging 606 points. Nasdaq tumbling. Nasdaq losing. 39 prs. We have to recognize there was one stock of one truly Great Company that frankly has nothing to do with the dow or the nasdaq or the fed for that matter that stock is nvidia it is quite simply much bigger than a Semiconductor Company much bigger than a can p, much bigger than the platform i owned my late rescue dog after because i didnt think enough people owned the stock. Who is nvidia, what i
Our top story this morning, President Biden touching. Down in israel. A single blast in a hospital in gaza killing hundreds and israel is letting hamas and hamas is blaming israel. The exposing explosion threatening to tip things over the edge. Pres. Biden based on what i have seen, it appears it was someone on the other team. There are a lot of people out there. We have to overcome a lot of things. Jon the stakes for this trip cannot be hired. How do you ensure aid gets to gaza and civilians are kept out of harms way . President biden has arrived here in tel aviv and he was greeted by Benjamin Netanyahu. This is a very different trip then joe biden planning to do for hours ago, this was a twolegged trip originally. First in tel aviv and the second in jordan. What can joe biden achieve . You can suppose you can show support for the israelis. Chuck schumer was here in this building a few days ago. We understand to client 2000 soldiers on high alert but the third bid, the diplomatic side
Ready for the listing later this week. First horizon ceo, brian jordan, with the pulse check on regional banks post prices and the state of lending as rates continue to rise. Off the opening highs, pretty good breath and among the dow, 30 components. We brace ourselves for a busy week with earnings from giants like adobe, microdata cpi incorporate events and southside conferences. The European Central bank meeting and we have an armed ipo and whats interesting, and we heard from our friend about he says the relationship is so important but we are seeing higher yields today and stocks are rising despite that. Usually they are scared off y that and maybe it has to do with the bank of japan. Overnight, some comments there about scrapping their yield curve control but is a relationship we are going to watch heading into an important inflation week. Breaking that link would be key. We are getting breaking news. We will go to steve. Hey, steve. Hey, carl, thanks. Dodging a bullet here for th