Begin with the oracle of omaha well start with the trimming of apple shares hes got more than 900 million we totally get it. Its not like buffetts bailing on apple in any way. It did sell about 36 million shares what is this, do you think is it simply Portfolio Management i think thats exactly right, scott. Its Portfolio Management. Apple being one of the most liquid stocks in the world on any market he could have sold a lot more than that if he had wanted to. So this is just, look, the stocks had a great run, hes pairing back a little bit, got a lot of cash. What i found kind of surprising is that with that much cash, actually not surprising but confirming on the value of the market is that he really hasnt made any big acquisitions. Hes only said hell only buy his stock if he cant find anything else to buy they scooped up 9 billion of their stock in the last quarter. They continue to buy back a lot of stock i do wonder even at the margins, ty any, if this is in any way a statement tha
Quarter. We are down 1. 4 on the s p. Weve got a big show coming your way well speak with the ceo of hologic which says its new coronavirus test could help increase the countrys Testing Capacity and a massive afternoon of earnings. Apple, amazon, gilead, visa and whirlpool. And an exclusive interviiew when i will pools ceo. Michael tracking the market on this final day of the month. Courtney has a strategy update for macys and julia is watching big moves for media stocks mike, start us off with the market down day, but big up month and a big five or six weeks since the market low take a look at the s p this is a twoyear this was a 35 drop on intraday basis. To yesterdays high, it was a 35 rally off that lower level so very sink niehaus in that way. I also point out that right around here, 3005, people are talking about how its gained more than 60 of the overall point losses that has some significance its kind of a may period. Seasonals get weaker and yesterday was kind of a big headlin
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
And banks push back on the fed which appears to now be on board. Forget the weight loss wars, the big drug that Johnson Johnson is betting on. Its monday, may 20th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. It is great to be right back here at cnbc hq. Great time in london. Weill b well bring you more insights from that trip. Hell talk about that later. Well start off with the check of the futures with the dow set to open above 40,000 for the first time ever. The major indices all in the green right now. The dow looks like it would open up a few points higher. That pushes us into the 40,000 territory. The nasdaq moving the highest. With the averaging os riding the win streak, Goldman Sachs is up right now. We are looking at Applied Materials annnd walmart and Tractor Supply as well. We are checking the bond market with the week of economic reports and durable goods and home sales. The benchma
A Strong Performance in the u. S. And u. K. Offsetting weakness in emerging markets at wpp. The ceo telling cnbc its not a reason to write off its prospects. Its in our interest that china continue to grow because it will be the driver of Many Industries like our own. The Falling Oil Price continues to take its toll on transocean. Shares slump over 10 after they cut the dividend for the next two quarters. Hi, everybody. Good morning, welcome to Worldwide Exchange. We have two hours together. We have a fantastic lineup of guests and well be getting a lot of thoughts and analysis on what is taking place at the moment. Im not sure Everybody Knows but its worth discussing the themes were seeing. It does seem to be a day by day story. Despite the fact that we saw the chinese coming through with the measures with regards to cutting rates and cutting their rrr yesterday we still saw a very, very volatile Asian Session and that feeding through into the u. S. As well. That volatility with the u