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Good Tuesday Morning welcome to squawk alley. You saw a live shot of north korea last hour, not south korea. We know the difference it is important to know the difference now a new year in hong kong, beijing, and taiwan. Heres a live shot of celebrations in hong kong. Theyre having a light show. No explosions in hong kong the last trading day of the month, the year, and the decade. I am jon fortt with me at post nine, again, Morgan Brennan and deirdre bosa. Carl has the rest of the decade, carl, take it off. If youre going to have a light show, hong kong is the place to do it with all of the buildings. Yes well begin with whats been a record year for tech it is on pace for the best year in a decade with the nasdaq crossing the 9,000 mark earlier. Household names like netflix led the charge, up more than 4,000 in the last ten years. What stocks are poised to make their own ru ....
Good thursday morning im Carl Quintanilla with jon fortt and Morgan Brennan dow, s p, and nasdaq at highs. Well be watching for dow 29k here names like facebook awfully close to an alltime high, fall bet, apple, microsoft going back to their ipos. We could use yoosome insight fr you today, bob whats behind this rally why is it so powerful . Is the street behind in their numbers . We think coming out of twooi2019 the nasdaq was up about 39 . But we were coming off an artificial dip, so maybe look from october 1th to the end of 2019, that dip is more like 15 . Strong year, dont get me wrong, but not as anomalous as some would think. A goyear stack basis, how have we done, up about 30 , growth rate of about 15 . Once again strong, but not anomalous. You mean in line with historical patterns. Exactly right you think about the impact of the averages from apple, facebo facebook, ....
Political relief rally banks are in focus this morning. This is bank of america calls citigroup its pick of the decade. The ceo of ulta will join us at post 9 this hour. Well begin with stocks on track to open at record highs. Also adding to positive sentiment, china confirming the vice premier will head to washington next week for the signing of that phase one trade agreement with the United States jim, its going to be busy next week between that and the kickoff of corporate earnings. It sure seems like everybody believes everything is going to be good. A sheer mention of the banks is really underestimated. There are so many people saying buy these. Why does that matter thats who kicks off earnings season already the expectations are pretty high. They better deliver after this run. And thats what these upgrades are mostly all about. I mean specifically on the banks. Goldman getting not one upgrade but two today out of buckingham a ....
Dance i hope you dance good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at the New York Stock Exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments we begin with tesla and elon musk in china, the stock opening at an alltime high. Eunice yoon has more elon musk definitely showed his enthusiasm for the Chinese Market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of teslas model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. He also said that the model y d ....
Its ceo Michael Wirth will join us exclusively this hour tesla shares set to hit a new record at the open as the electric carmaker delivers its first china made model 3 to customers. 24 hours ago looked like the selloff might continue on monday and reaction to those middle east tensions but stocks did erase earlier losses to finish yesterday in the green. Major indices saw their third positive session we watch gold, jim, are we betting this is short in duration and limited in scope . You used to work for zilian i keep thinking about that word over and over again thats the word that define this is market. Because yesterday when we were down very bad, ugly down 200 dow points, the dow is down that much, it did look like the beginning of something big, and you know what you saw . Shorts pressing, thinking this is it, this is the big one it wasnt the big one and i almost feel like that unless something happens thats completely out of l ....