I turn to you first, laura set the scene first. How does the market look to you . What are you focusing on its really, really an interesting time in the markets right now. You have this dichotomy where were seeing some strength in the markets. I think were a little off today but youre seeing some read through or look through in the market to say, hey, were going to see optimism on the other side however the economy hasnt quite caught up yet to the markets i think we are going to need and we need to focus on making sure that the legislature realized we still need stimulus, we need the consumer thats twothirds of this economy back in full swing. Not getting it. Not right now what does that mean if i tell you were not getting it, were not getting it any time soon. Soon is relative as well, right . Theres a lot of levers that can be pulled here i think that were getting things together and, you know, i wish we could get it during december at some point youre right, it does not look like it
Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Has the details. I just spoke with kirk over at isi i wanted his take. He said microsoft is firing on all cylinders, beating all three major categories, Strong Quarter across the commercial franchises it was better than the street was looking for. Kirk said growth is translated into increasing profitability. He said are enterprises willing to spend giving this backdrop and in one of those segments he mentioned 12. 3 billion up 11 . Commercial revenue gross of 20 . Intelligent cloud 13 billion up 20 . And more personal computing, up 6 shares not doing a lot in the after hours. The forecast will be delivered on the call which starts at 5 30 a. M. As josh mentioned, no guidance i am sure every one wonders what they will say about Enterprise Spending especially with the news delivered yesterday what do you make of the quarter . They hit on everything. Josh went through it across the board better, with the Cloud Services area. What we are waiting on now is what is the forecast, what do thin
Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings theyve done a little bit, but ineffective when you look at the carnage thats out there in stocks like u. P. S. And microsoft, which both had good quarters im very cautious on the markets. Were through earnings earnings hasnt been a lift. Even though its a good earnings quarter, put it in perspective its still down 16 year over year so, markets are way overvalued corona is a big issue. I dont see returning to march lows because i checked the number of cases in china and south korea and the philippi
Well find out why and consider your free trial expired. At netflix rolls out a new membership playbook on this wednesday, october 14th. And this is Worldwide Exchange. Just remember it is not the eagles, it is just eagles. Random but interesting good morning and welcome from wherever in the world you may be watching good to be back with you on this wednesday morning. Here is your wednesday set up futures are up higher. The big options represented stock moves the sgam ma, a pret october. Russell 2000 up nearly 9 , the nasdaq up nearly 6 . And your headlines will be a bonanza of Bank Earnings bank of america, wells fargo, pnc and u. S. Bancorp all out today. But these stocks largely cannot get out of their own way and bank stocks again getting it on yesterday many falling more. And outside of that, here is a little wednesday mystery chart for you. Can you name the best performing s p 500 stock this month can you . Well, the answer is coming up a bit later on in the show sorry, it is calm