Plus crisis in california as wildfires continue to burn nearly 350,000 acres we have a live report coming up. Why today could finally be the day tesla hold outs via share of 2,000 stock that turned out not to be 2,000 you are watching Worldwide Exchange here on cnbc good morning happy friday in for Brian Sullivan here is how futures are looking this morning can you see marginal moves implied at the opening bell. The dow jones lower by 25 points and the nasdaq up by about one all of these sit at or near record high levels the nasdaq coming off another record breaking session coming off the 40th intraterm high and record close of the year on pace for the first fourweek win streak since early january nasdaq 26 technology inking out a gain and hitting an alltime record high two stocks on our radar this morning. First, tesla closing up the 2,000 per share mark ever you can see that up another 2 2,041 apple surpassing the market cap closed out for the First Time Ever at 2. 722 trillion. Up t
Exclusive conversation with him. Plus insider buying, our friday segment. We are seeing the most bullish that we have seen in months. One Company Insider buy. It is not a name that we talk about. Well name that name and 13 million reasons he is optimistic on his companys future. Friday, may 22 you are watching Worldwide Exchange on cnbc. Good morning, welcome from wherever you may be watching we made it to another friday great to have us here it seems interesting here memorial day seems early this. Stock few you ares down about 170 points seeing a little weakness here. Markets seeing a relatively mild day. Huge up on monday, down half on tuesday. Gain some of them back for wednesday. Lost it yesterday. Really has been a roller coaster week that Hong Kong News well get to stocks tumbling and our futures down 170 lets get now to that news the communist party looks set to crack down on hong kongs remaining freedoms futures are down 170 points now. I believe you have eunice yoon who is rea
It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
There was some faint on tow mission over traden which turn helped ease some of last weeks recession. Overall it did have a much different feel from what we experienced last week which had intense the dow was up 229 to close above. 26,0 nasdaq added 150, s p gained 34. Its only monday. Even though were in the dog days of summer, this will be anything but quiet. Bob pa san any stocks off in the new york stock exchange. We have had quite a rally over the last couple of days. The dow has moved up roughly 800 toints since thursdays bottom. Stocks bd precisely when the ten year treasury bottomed at 1. 47 . Yields came off their lows, so market. Stock that shouldnt be too surprising since stocks were movin in tandem with bond yields all month. It can be tied to savings, fears of a possible recession in 2020, a point president Donald Trumps advisors made overheweekend. High hopes for u. S. china relations are adding fuel to the rally after the white house decision to extend a reprieve given to
On a china trade deal any time soon parliamentary election we begin with the trade pause, the u. S. Is not ready to make a deal with china. We got big mergers this morning, automakers and fin tech deal for more than 21 billion. We enter this holiday week the dow in the midst of fiveweek losing streak. S p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. We are in a moment where michael corvat said when he was on our show. The more chatter i hear verses what mr. Wonderful was say, we said everything seemed fine, the more i get worried that was a brutal week last week if it is in the mall, it is not good it was great, i think fabulous growth and the stock was down. We had foot locker it just got crushed. So i mean the market when it starts to see on how much supply it is coming we have zoom and beyond meat zoom is 19 billion and beyond meat is 5 billion someone recommended beyond meat.