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Amgen doubling down. The stock is surging. All buffett all the time as we tee it up for the annual Shareholder Meeting. It is friday, may 3rd, 20t24. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. We are coming to you live from cnbc london. Lets kickoff the hour with the stock futures after a positive session for stocks yesterday. The dow posted the best day since late march and nasdaq closed higher by more than 1 . It is all about the dow. The dow looking like it would open up 250 points higher. We cannot talk about the futures without talking about apple. Shares are rallying in the premarket and accounting for 65 points. The dow premarket gains with apple shares up 6 . A blowout report. Record Share Buybac ....
Approaching 96. Look at shares of meta, the owner of facebook. They have gained 150 so far in 2023. But over the past two months, shares of come under pressure, falling about 4 . They are about to begin the connect event where we expect Mark Zuckerberg to speak. For more on this event and the longterm outlook, lets bring in the roth and kim senior analyst, thank you for joining us. What do you expect to hear from zuckerberg and what are you can for . The most widely expected thing from todays conference that they hosting is a new headset. They will probably launch it, have it ready for shipping by halloween time. That is something that is expected. I think the surprise will be if they launch some sort of glasses or mixed reality glasses like we have seen from Companies Like snapchat. That would be the upside surprise but it is something we have heard as well. Matt how much a ....
Because of worries of a global slow down. It did trigger the powerful move up today. Dow soared 275 points. S p shot up 1. 75 . Nasdaq rocketed 1. 9 because it contradicts the prevailing wisdom that the fed is on auto pilot to take rates higher no matter what. The rally was all encompassing. Here is the problem of putting too much stock in one days rally so to speak. If you are bullish it is terrific to note the fed isnt going to do something stupid. Hedgefund managers come on tv or call for much higher rates to teach a lesson. It is fantastic that our central bankers dont have the same desires of much more strident hedgefund managers who want to trigger a nasty recession who create a havoc in order to make a lot of money. However, the problems that many of our companies are facing are simply beyond the purview of the fed which makes you upon further review by the overseas markets skeptical of staying power. We are not in charge. To put it in stock terms we need more alcoas and fewer f ....
Not moving it these days. Also fed chair janet yellen shes already required to appear before the house and senate twice each year to test a Monetary Policy. Apparently thats not enough. Coming up, House Financial ServicesCommittee ChairJeb Hensarling to explain why he wants to see her double her appearances on capitol hill. Hewlettpackard and gap, well have the incident analysis of all the numbers as soon as they are released. Both those sectors. Hewlettpackard has turned out some great numbers the last cup of quarters. Gap, retail been very mixed. And hewlettpackard. David faber will join us on that one as well after the bell. First, lets get right back to this market. The dow up 17. The s p adding six points. The nasdaq 20 points. The nasdaq by far t ....
Bouncing back from profit warnings saying it will cut spending and step up asset sales this year. Spains economic continues to pick up the pace. Good news in germany where the jobless numbers fall faster than expected. And hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using the motorola unit to lenovo for nearly 3 billion. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A very good morning to you. We concluded the feds last meeting. Ben bernanke as expected was a 10 billion taper once again. And not a huge amount of deception from the fomc. Equities following asia and the u. S. Lower, the dow down 189 points. Down to lows we havent seen since november 7th. The s p down to december 9th lows. Its a huge number of individual stocks to look at. How does that translate into the indices . The ftse 100 was down some 28 points. Its down anot ....