Scarlet i am looking at the advanced decline line. Volume also picked up quite a bit. Nasdaq, the s p, and the of at least 20 above the average we saw last week. The sense of optimism broadening here. Technology and utilities leading the way up. The laggards are energy have just which we discussed. Each up at least 4 , so when you. Ee laggards lets bring back our guest, michael shaoul. How do you think about inflation . Everyones mind is still on disinflation but with all this stimulus and Interest Rates at zero, there is a point where we need to worry about rising prices, no . Michael yes. If it happens, it will be caused by supply disruptions. I think there are sometimes you have to worry about that. Inflation,ply driven especially in agricultural prices, that is something to be legitimately concerned about. Cap the indexes. From is already suffering deflation caused by swine flu virus. I dont think we will have a replication of that but i think locally, Agricultural Supplies are pro
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo
Of starbucks earnings. Im melissa lee, this is fast money. On the desk tonight, tim see your, dan nathan, guy academy and julie beiel. Yes, the megacaps, the aifocussed semis, but there have pockets of strength you might not have noticed media names also on the move paramount, netflix, Warner Brothers discovery, all well in the green. And the gig economy stocks, uber, doordash, lyft feeling the love what does this broadening out of the tech rally tell you about the markets . Are you more hopeful, dan n nathan, i ask sarcastically . The gig ones are really interesting to me, because those are models that were heavily debated. They saw the pull forward, they rose to crazy heights in 2020, into 2021. Some of the first ones that started to sell off, and obviously uber is a little different. They had different dynamics going on between rideshare and delivery if youlook at uber, airbnb, those stocks are both 100 billion market Cap Companies right now, theyve had massive rallies, and theyve g
Good afternoon everyone. Happy thursday. A couple things and then we will get to our guests. A lot of fun happening today. First Lady Jill Biden is traveling to the United Kingdom to attend the coronation of his majesty king charles the third in her majesty Queen Camilla on tap of the United States. The u. S. And the United Kingdom are close allies and strong partners with enduring ties between our countries and people. The first ladys honor to represent the United States for this historic moment. In addition to attending the coronation in participating in court nation activities the first lady will also meet with the spouse of Prime Minister. She will join the Prime Minister and mrs. Marte for their coronation and lunch. Her full schedule was released by the first ladys office early this morning. I also want to share this morning President Biden with what comes his nominee for president of the world bank. To the white house to congratulate him on his resounding selection to lead the b
Mostly higher taking its cue once again from the u. S. Through the shanghai composite, nikkei average and kospi. The hang seng lower by half of a percent. The saudi ipo is on track. The managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. The push for tax reform back in the u. S. President trump set to head to capitol hill to encourage republican senators to move forward on tax reform. First daughter ivanka trump spoke about the importance of getting the reform passed. Watch. The tax reform is so critical. We are doing it administratively, and the regulation ever really feeling entrepreneurship in the state in terms of optimism, stock market. I would hear it in every conversation i had with the people through the course of the day. So that is what fuels them and that is what we are fighting f