And banks push back on the fed which appears to now be on board. Forget the weight loss wars, the big drug that Johnson Johnson is betting on. Its monday, may 20th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. It is great to be right back here at cnbc hq. Great time in london. Weill b well bring you more insights from that trip. Hell talk about that later. Well start off with the check of the futures with the dow set to open above 40,000 for the first time ever. The major indices all in the green right now. The dow looks like it would open up a few points higher. That pushes us into the 40,000 territory. The nasdaq moving the highest. With the averaging os riding the win streak, Goldman Sachs is up right now. We are looking at Applied Materials annnd walmart and Tractor Supply as well. We are checking the bond market with the week of economic reports and durable goods and home sales. The benchma
Bearish strategist has finally capitulated. It is nvidias week. Four analysts upping their targets ahead of results on wednesday. And apple reportedly edly slash iphone prices to count huawei. A historic week for stocks, jim. We got to 40k, we hosted 11 on the vix, but just barely, but we did. People are stalki talking ab stock market. For the long time, they talked about my tomatoes. And then say, wow, what is that about . People who have not been in. People who are thinking, is it too late . I try to present a constructive view. But its gotten in peoples minds, carl, and also numbers from gallop last week who said 62 of the people are back. Someone in their house owns stocks. Thats up from 52. Which was interesting. 52 was the low, which is just when the dow got back to where it was before 2007. So, you had 2007, people got back to even and they left. And now genz, gen x back. Millennials back. Boomers i think just blown out and dont rely. And its quite encouraging, because if we can
High, thanks to more ai optimism. Microsoft kicks off a big event, unveiling new ai pc. Well talk more about that. Any kind of advance in ai is going to be good for those chip stocks. Analysts are getting even more bullish on nvidia. Up 91 so far this year. Lets begin with that existential question about dow 40k. Michael santoli is over at the New York Stock Exchange. Reporter indexes making record highs are generally a feature of a strong, underlying trend. Trends tend to persist. Its not necessarily the case when we get to a big number, all of a sudden you have have to start raising the alarms. The dow does hit one of these round number thresholds, although who knows if the several size is big enough. To me, what matters is all the inputs that you would look for are also generally also in a positive state. Earnings are high, and also forecasts going higher. Credit conditions extremely strong, and it seems as if the market believes the economy can with stand, lets say ten year treasur
Department. C of rule 19, further consideration of h. R. 1 will now resume. The clerk will report the title. The clerk Union Calendar number 302, h. R. 1. A bill to provide for reconciliation pursuant to title 2 of the concurrent resolution on the budget for fiscal year 2018. The speaker pro tempore when proceedings were postponed earlier today, 29 1 2 minutes of debate remained on the bill. The gentleman from texas, mr. Brady, has 17 minutes remaining. Without objection, the gentleman from massachusetts, mr. Neal, has 12 1 2 minutes remaining. The chair recognizes the gentleman from texas, mr. Brady. Mr. Brady thank you, mr. Speaker. Im pleased to yield two minutes to the gentleman from alaska, mr. Young. The speaker pro tempore the gentleman from alaska is recognized for two minutes. Mr. Young thank you. Thank you, mr. Chairman. Congress established Alaska Native Settlement trust in 1988, to provide Permanent Health ed health, education, and Welfare Benefits to alaska natives who wer
Getting it done. That doesnt seem to be a big issue in the house. The bigger battle is in the senate. Theyre scrambling to make it happen. A lot of this got wobbly yesterday, ron johnson, republican senator from wisconsin, is a no vote if they dont make changes to provisions that favor Big Companies rather than smaller companies. The ones fueling todays rally in the markets, not necessarily the small ones are not even publiclytraded. We are on that. Were also awaiting any remarks the president might make when he comes out of those meetings. If he plans to make remarks, hearing from Speaker Paul Ryan. When it comes to the back and forth on individual mandate, the senate lead the way there. So the senate will be keeping that as part of its plan to shelf the mandate, the one that requires you to buy health insurance. That isnt going down well with some republicans. Could be a deal breaker. Way to early to tell. Maybe well get a sense of all of that from the speaker. Reporter neil, get to