Investment savings again as tensions continue to rise. Selling underway this morning. Dow futures down 50 points duh the nasdaq is up 4 and a quarter. S p 500 right now down 3. Growing concerns over coronavirus spikes and what it could mean for the recovery fueling a selloff yesterday. Nasdaq and s p 500 snapping 5day winning streak with declines in double digit. Facebook not getting a like. Walmart says retailer reportedly to offer freeday delivery and customers willing to pay a 100 a year. Defund police, this as crime is rising across america. We have you covered coming up at 7 30 a. M. I will speak with new york city mayor Rudy Giuliani, dont miss that. Secretary of Homeland Security chad wolf will join me. Secretary is live at 8 30. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices across the board. Dax lower by 86. Uk finance minister announced that the latest Recovery Plan lathe today later today is expected to open pubs
Good monday morning, welcome to squawk alley joining us this morning, Roger Mcnamee, elevations partner cofounder. A lot to get to with roger today. Speaking of which, the dow kicks off the week in the green, but while were in the midst of this record run, some are questioning if a top is near we want to pose that question to you, roger, because youve been kind of skeptical about this runup for a while now i wonder if you think youre hypersensitive to signs of a top. Well, you know, its funny, carl my sensitivity is based on just looking at the situation, you know, politically and how all of that relates to markets. To my mind whats going on right now is very simple, you know, we have a massive tax cut thats running its way through congress, and i think the market is making a really good judgment that in all probability some portion of that tax cut is going to go through and thats going to reward investors in a big way. Now, does that make the top . It could easily do so. This could be
Live from new york where business never sleeps, this is squawk box. Good morning welcome to snark box. And whats new about that andrew is off today sitting in with us for the hour is Peter Boockvar, editor of the boock report very clever. Well done. Boock report yes i like it also a cnbc cribber we have a lot to talk about. Lets start with the u. S. Equity futures. Rattled rattled. Dow was down by 16. The s p was off by 3 nasdaq down by 10. Its the first time the nasdaq and the s p have fallen in 2018 it had a sixday winning streak up to that point well watch things this morning. Right now modest advances with the dow futures indicated up by 20 points. S p up by 4. Nasdaq up by 7 well see. Still early in the session well see as we head towards that opening bell what will happen overnight in asia, stocks in hong kong closing higher for the 13th day in a row, extending the record rining stre inwinning st index. Shanghai up by 3. 2 the dax is the biggest decliners of europe, down by 0. 2
Stocks is soaring. One trader says theyre leaving more room to run. On a day we saw s p making new record highs, we start off with notable names that have been, well, battling. Check this out. Heres a look at the worst performing dow stocks this year, verizon down 16 . Ge down 12 . Chevron down 10 . Exxon down 9. These names have another thing in common. Theyve all got fat dividends. Verizon has a 5 dividend yield. Ge at 3. 5 . Can a classing theory, the dogs of the dow, be your best bet as stocks hit record highs . Pete what do you say . I think some of these names havent been a part of this whole thing. Obviously, when you look at the energy names, we know how oil and that traded the capex is cutting back, all of that. When you look at Something Like exxon, when im excited, its holding the 50day moving average. They have very positive cash flows. Theyve done great acquisitions in the pervan and other parts of the world. I think its literally trading on the lows. I think the opportuni
When price first made his may day call, radar records show the plane was going 250 niles an hour miles an hour. The plane rapidly descended and thats when price lost control. Crews spent much of the weekend searching for debris and found the site. An extensive ground search was conducted by the Kern County Sheriffs office, the Bakersfield Police department, the california Highway Patrol as well as the kern county Fire Department. No air was used due to the weather. At about 7 24 p. M. , they located the debris of a plane in this area. Reporter the National Weather service says it was rainy an cloudy in and cloudy. They warned of icing. Kiet do, back to you. Thank you. Keep the umbrella handy. We could see a repeat of sunday when shoppers got soakers in San Franciscos union square. No one is smiling. Im walking around. Look how magnificent this is. People are shopping and people are just straight faced. Im like look up. This is miraculous, rain is falling from the sky. Its pretty cool.