Biotech getting a bounce in the back of biogen two names you need to watch in the space. Halftime report starts right now. Welcome. Good to have you with us our Investment Committee today, joe, stephanie, josh, brynn is back lets begin with this big day for earnings stefrl dow stocks are moving this hour. Lets talk about some of those right there. Stephanie link, you go first mcdonalds is a drag comps below. They had the first eps miss in two years. Oh, my goodness, your sale completely out of this Company Earlier or later last week, whenever it was, looks good today. I actually thought it was going to be worse than what they put up today a 5. 9 global comp is impressive but the problem is they have to investment invest substantially to keep up with the competition. While i liked the story a while ago because of the Digital Initiatives and the ceo and all the things he has been doing they have to spend you dont get the operating leverage positively i was looking for. I got lucky, but i
Almost drawn even. Without sounding sort of like arcane and gob deli bookish here, that items teams seems to that we have less worry of about a recession. That concern eases, even when we do when inverted it takes sometimes a year or two years before it materializes. The nevertheless the fact that is pushed off, a lot of stocks that do business with companies abroad, particularly in asia, china, they are among the stronger advancers. It is helping reverse this bond Market Sentiment that built we were going to enter a slow down. Now people are selling bonds. Buying stocks. More attracted to the yield of the s p 500 for example, which at 2 or so, is significantly better than around the 1 1 2 youre looking at for 10year note. You can well understand what has been going on here, at the corner of wall and broad. Oil prices moved up a little bit. Theyre advancing today. That benefits key Oil Components dominant among 11 s p sectors. What is happening with the nearly 2 runup in oil prices. Be
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subco
viewers around the world. max foster has the day off. i m bianca nobilo. this is the third property associated with president biden that the fbi has visited. the president from the very beginning of total cooperation with the justice department. tyre was a beautiful person. and for this to happen to him is unimaginable. legacy of tyre nichols is that we have equal justice swiftly. this time the man many consider the greatest player in nfl history seems to really mean it. it is time. he has proved everything he needs to prove. so go ahead, move forward. this is cnn newsroom with max foster and bianca nobilo. it is thursday, february 2, 4:00 a.m. in rehoboth beach where fbi agents have wrapped their search for classified documents at the president biden vacation home. mr. biden has repeatedly insisted he did nothing wrong in handling classified material, a claim echoed by the white house. i think that we won t get ahead of potential speculation and steps tha
We have a couple of Dozen Companies and wanted to give the numbers congress a quick,ese sample of what we do every year in las vegas, which is about 4,000 companies, not a couple of dozen, and thats half a million square feet. We want them to see innovation happening in the u. S. And lifechanging innovation, whether its in health care, car navigation, health and safety, so many other things, so they understand the decisions they mae make have real life consequences. What is your early impression of the Trump Administration and the Tech Community . I think the Trump Administration wants the Tech Community to citied and help drive the stock market. Were seeing positive action on nafta, rewriting it in a way which will not be harmful to american industry. Also movement on overregulation and. What be the fcc, early signs from the fcc and. The fcc chairman has redefined what the commission is doing in a very positive probusiness way. Focus on regulation and privacy. Its not the big power gr