Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt joins us from investor day for qualcomm, first one since 2016 a lot from jon throughout the hour, including a sit down with the ceo exclusively in a few moments. We start with tech on a tear, on pace for the best year in a decade, shrugging off mixed earnings concerns. Sectors off another record close. The dow is selling off, down 120. Buyers beware. Some say were set for overbought conditions when it comes to tech. We talk more about this and the market at large. The chairman of Global Internet banking, good to have you back. Thanks for having me. How do you put the run weve seen, especially in things like semis into context whats driving it . It is amazing, nasdaq up 28 , driven by bigger cap companies, apple up over 60 , microsoft up over 40 , facebook up over 40 to add to the point, semis has been a sub sector, up 58 , driving growth other s
Considers a doordash considers a listing instead of an ipo. We will hear from qualcomm Ceo Steve Mollenkopf on the race to 5g. Climbing to a record even as the dow sank following disappointing reports from retailers. Some big tech names leading the way on nasdaq were facebook, broadcom, and tesla. Reports that u. S. And chinese negotiators may link the size of tariff rollbacks to terms set during talks in may. I went head over to new york where Bloomberg Cross asset reporter Sarah Ponczek is standing by. Are we ignoring the trade headlines . Sarah i dont know if we are completely ignoring the trade headlines, at least the good ones. That the u. S. Is softening its stance, that did engage in negative outlook. , ae a day like yesterday bureau chief from cnbc noted that the tone in china is pessimistic. They were unfortunately seeing that the u. S. Was not going to rollback those tariffs. Focused on stimulating their economy. 500 Information Technology index hit a new high, apple hit a. T
Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange record highs as you know by now, up almost 250, yields close to seven week highs carl, we have record highs in all three major indexes. You can see behind me, you look at those particular moves with the dow, s p 500 and nasdaq, we will put stars next to every one, record highs for every one of these indexes, and trade optimism fueling a lot of that you look at sector leaders over the course of the past month that pushed those averages toward record highs, within the s p 500, financials, industrial, technology up 10 for financials, 9 for industrials, technology up 7 . These two sectors, tech and industrials are close to their own record highs now, on pace for some closes at record levels then if you want to look at stocks within the dow, check out these names, ones more tied to trade optimism or pessimism throughout the course of the last ye
Good morning. Im scarlet fu. We have a stocks little changed at the moment holding near record highs and for the week they are set for the longest streak of weekly gain since february. This week was eventful and that we got inflation data that reignited hopes that the Federal Reserve will cut rates although the Federal Reserve has been careful to point out they are willing to be patient and want to make sure the Data Confirms disinflation is intact. You have investors looking ahead to nvidia results next week that will answer the question whether the hype in a height companies is justified. We had the 10 year yield barely moving higher, 4. 4 at the moment. Fed speak will help determine what happens next in the bond market. Overseas, new data out of china showing industrial outlet rising faster than expected. Beijing has a package to prop up housing markets. In the koran joins us now enda curran joins us now. Enda we saw at sales slump and slowed the most since 2020 two. And weakness ac
Boost from its Growth Strategy this is elon musk on last nights call weve updated the vehicle lineup we expect it to be more like the early 2025 if not late this year these new vehicles, including more affordable models, will use aspects of the next generation platform as well as aspects of our current platforms and will able to produce on the same manufacturing lines as our current vehicle lineup its not contingent upon any new factory or massive new production line. Bespoke says it looks like this will be the best earnings reaction since 2020. You do have some upgrades you have a very nice bank of america upgrade, and you have people saying its a clearing event. Did he pull a rabbit out of a hat . He came out back with a small car, as well as with the terrific app, by the way, in the deck that is the hailing app . I thought that the key analogy, david, was not the airbnb analogy. He did that. That was great it was the elevator. Elevator. Yeah was that not terrific youre not alone in