Great lineup of guests, our color commentator will join us with some names to watch. Lets get a check on the markets. In the green but the dow jones barely hanging on with the s p 500 up by. 14 and the nasdaq up by one third of 1 . Small moves for the major averages that some big names in individual stocks with tesla jumping more than 10 . Up almost 12 now. This is the vision of elon musk or the future of the company with more on that coming up. Texas instruments jumping on its results, making the chip sector, hasbro jumping even the revenue fell because margins improved and so did profitability hilton gaining on a raised outlook but lower revenue for masco, down, worst day in a year and a half. Boeing and tesla, we are in washington with boeing, and interview we had with the ceo, dave calhoun. Reporter when you look at boeing shares, the main question on wall street, they are building a bottom, how much worse can things get . Many on wall street leave they cannot get worse and pointed
Bit higher. Maybe that is stopping things, maybe we are just waiting and seeing now for meta and the others that ended the day ahead. Sector action pretty swift, too. Leading the day today, that gives you the kind of day it has been pretty stable utilities in the green, so doesnt mean there hasnt been some standouts in the session both up and down. Visa is a learner after winnings, but teledyne is down 10 on its own results. Lets take ou to the talk of the tape. Will mega caps deliver, and where do stocks go from here . Lets ask cnbc contributor, back with me at post 9. Great to be with you, as always. You say you are more bullish now than you were t the start of this month. Yeah. Why . I think we have to put down draft on perception of hawkishness. We have some rates making some stocks sell off and i think the earnings industry doesnt look different to me than it did on april 1st, so when stocks go down, the earnings could change, i like that better. This idea of higher for longer was
Earnings expectations are for mega cap tech coming in. This is unbelievable you want to know how important these are . Mag seven earnings on aggregate are expected to rise 40 in q1 revenue is expected up 13 versus 2. 3 for the rest of the s p. The rest of the s p is expected to see a 3. 1 decline in earnings sounds like last quarter. Thats exactly what happened last quarter and let me tell you why its so critical that these Mega Cap Companies deliver, and this relates to the market itself on monday i said, i felt as though the market was bought bombing, and one of the reasons i felt it was bottoming, i didnt think there would be followthrough selling because you had strength in financials you had strength in health care. You had strength in industrials. The market holds its 100Day Moving Average we now rally up to the 50Day Moving Average heres the handoff its got to come from mega cap earnings to get through that 50Day Moving Average to restore price above the 50Day Moving Average. Fi
Rodney has informed the gop leaders he opposes the bill. A u. S. Official tells the ap investigators are examining whether an amtrak engineer was distracted when the train derailed yesterday, killing three people and sending cars off an overpass. Investigators are looking into whether the engineer lost situational awareness. The Trump Administration is blaming north korean hackers of last years malware attack. Pyongyang has dismissed those allegations. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. This is bloomberg and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. After a killer year for tech stocks, will the sector become a victim of its own success . Ares to cryptocurrency fueling record gains of littleknown companies. We will discuss. Amazon can outdo its own monster year. While americas ecommerce came could be on track to becoming the first u. S. Retailer to sell 1 trillion wo
You really meant that today. I had a long week. So did you. I did, indeed. Happy friday from me as well. Im wilfred frost. Straight to the market action. Erring earnings in a minute, first a scary moment at Laguardia Airport last night. The Campaign Plane carrying Vice President ial nominee mike pence skidded off the runway after landing in heavy rain. Emergen Emergency Personnel evacuated everybody on board. Nobody was injured. The plane did not strike any of the fencing and was never in danger of going into the water. Later this morning, governor pence will join the team of squawk box in the studio live at 8 00 a. M. I landed in laguardia last night around the same time that governor mike pence did. Then they closed the airport, and had a full grand stop. It was very rainy, wet, skittish. A bit. Delighted that everybody nobody has been hurt. Delighted to be back. And you had a safe landing. Lets check in on the Global Market action. Futures are looking a bit soft, down about 5 points