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barrels, i believe, so you can see these prices are floating around where they were at this point. $61.69, carl, is where we stand at this point. thanks, back to you. thank you for that. jackie deangelis good morning, everybody, 8:00 a.m. at tesla headquarters out west, 11:00 a.m. on wall street, and squawk alley is live good thursday morning, welcome to squawk alley. i m carl quintanilla with courtney reagan, john fortt here at the new york stock exchange a lot going on take a look at the markets right now. historic milestone passed. the s&p and nasdaq hit some record highs, as well. number of tech names hit all-time highs netflix, amazon, facebook, google, microsoft, ebay, and a lot more dan morgan is a portfolio manager. what a day, guys dan, do you think these first couple days of the new year are giving us a clue as to how the year is going to go overall? well, i m really encouraged, carl, by the pack the technology sector is doing so well. as you kno ....
to david tepper today to told me the following when i asked him what he thought about stocks it was clear he was very positive telling me, explain to me where this market is rich it s not rich with the tax thing that just changed earnings projections. with earnings forecasts going up and interest rates where they are, how is this market expensive, he said i don t see the overvaluation. world growth is higher, there s no inflation, the market coming into this year doesn t look rich in fact it looks almost as cheap as coming into last year he said the market can t go down until the bond market gets hit it s amazing where interest rates are. josh brown, what do you make of what david tepper told me? well, i guess it depends on your definition of expensive so by the most popular measures, the market absolutely is expensive which is not a judgment on where it goes from here, because expensive can get much more expensive. but when you look at something like an adjusted p.e. ....
allowed legal marijuana to flourish a number of pot stocks losing their buzz big time. what now for this budding multibillion dollar business power lunch starts right now your love is lifting me higher than i ve ever been lifted before well, the weather on wall street may be frightful, but inside the exchanges it is nothing short of delightful. welcome, everybody, to power lunch. i m tyler mathisen another historic day for your money. the hits keep look at this chart, will you? look at that one-year gains, 25, almost 26% 25,000 now on the dow for the first time ever. want to know what it was back on the, the day of the crash in october of 1987? it was about 1,700 think of the gains, the money made since then. financials, goldman, jpmorgan, american express, powering the dow s triple-digit gains at this hour not just by the way the dow. nasdaq and s&p 500 also new record intraday highs today. small caps, they came along for the ride russell 2000, intraday, a ....
record-breaking day for the stock market we cross one more millennial, have more to go? the president is talking about 30,000 who knows where we re going. the important thing is to note how broad the rally is, not just tech stocks, in fact, they re not necessarily the most important part of the rally. let s look at the sectors moving financials is been big interest rates have been moving up materials, that s a rally that s continuing to ratchet. energy strong with oil over $60. even consumer staples are leading. you know what s not doing anything anything that s interest rate intensetive. real estate, investment trusts, utilities lagging for a long, long time. of course, those are bond proxies. a lot of new highs in financials as the higher interest rate scenario is helping the banks out. this is a small spattering i could go through american express, e-trade, key corp, suntrust, all sorts of banks all the major money center banks as well as the super regionals at 52- ....
warm welcome to worldwide exchange this friday morning on cnbc i m wilfred frost. i m seema mody in for sara eisen today. good morning to you. good morning to you let s check in on the global market peicture this morning. a day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. s&p up 5 in premarket trade. yesterday financials played catch up having lagged the market for most of the week. but for the week as a whole, energy the clear winner with oil prices rising. that sector up 4% in the s&p ten-year treasury note for youful yieyou. we started the week in the low 2.4s, ending at 2.456. the 1,000-point run we ve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest one-day gain in over a year you can see here on friday closing higher by nearly 1%. softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better tha ....