One trader says this rally has more room to run your rbi on this thursday, july 16 more ahead on cnbc. Good morning from wherever in the world you may be watching thanks for joining us this thursday morning dow futures have an implied open down around 200 points futures you can see off triple digits fair action higher all of this after the dow capped a fourth straight day of gains the index crossing 27,000 for the First Time Since june 10 leading higher was boeing coming off its best day since last month. In technology, no win street yet. It has been weaker in the last couple of days it is still close. The level to watch, 10,617 would give us a new record still watching shares of moderna. Still in focus it is higher right now after closing well off its session highs. At one point, 88 a share. Investors tempering. Tens of thousands of robin hood traders taking free new positions in moderna stock just yesterday. Around the world, things are Getting Started in europe. They are in the red.
Violence. The first is a Law Enforcement bill. It is a bipartisan gun trafficking amendment which would finally make gun trafficking a federal crime. We would assume bringing weapons up i95 and selling them out of the back of your truck to a gang member in new york city would be illegal, that it would be a federal crime. Its not. Its not a federal crime to do that. This bill is called the pendleton naison gun trafficking prevention act. Its named after two teenage girls would lost their lives because of gun violence in their neighborhoods. They were doing playing with friend, minding their own business and a stray bullet shot them both down. Naison was killed in brooklyn. Hadea was killed in chicago. These are two young girls. I met naisons parents. They dont understand why their daughter had to die. Right now there is no federal law preventing someone from loading up a truck in georgia, driving it up i95, and reselling those weapons in a parking lot in brooklyn to a gang member or oth
After student protests a Hunger Strike, and the Football Team threatening to skip its games, the University President announced its residency today. Tim wolf was undepressure to quit. Our correspondent is live for us in columbia, move. Andy, first of all good to see you. What has been the reaction on campus today to all of these developments. Under tim wolf resigned there was singing and chanting among protesters here, but it was largely subdued and what you mentioned about the chancellor resigning. That just happened in the last hour. So it has really been a head spinning day on campus. A somber resignation by the School President tim wolf. Im resigning as president. Reporter lead to an emotional reaction in the center of campus. For months black students on this overwhelming black campus said racism was poisoning the atmosphere. The school body president said somebody used the n word to him while he was working on campus. Its just time that people start listening. Reporter an activis
This morning the Justice Department is trying to figure out what is next after a federal Appeals Court ruled the president s executive action on immigration will remain on hold. Welcome to your world this morning im stephanie sy. Im dell walters and have undocumented immigrants stay in the u. S. But as we report it means millions of people in legal limbo. Reporter the Court Decision is not unexpected but a setback on president obamas Immigration Reform and has under taken circumventing congress and making them angry and the dream act where the president talked about deportation proceedings against young people brought to the country not of their own choice as children and deportation proceedings deferred against them and the parents of those who are already u. S. Citizens and the president announced after the mid term elections in 2014 when it became clear the republican leg congress is not going to move on Immigration Reform. Now earlier in february a texas judge in a lower court had
Tyler, we begin with the selloff on the street. A triple digit drop for the dow with the major averages down more than 1 . This is actually we havent seen since late september for the dow and the s p. Weve been sort of a little bit complacent recently after all the volatility of late august and september. The nasdaq is down by just over 1 along with the dow and the s p. Lets get more with bob pisani at the nyse because you have fears, bob, about retailers reporting this week as well as, of course, the rate sensitive stocks in the firing line as well, right . Thats right. A number of different issues here. Six stocks declining for every one advancing. Look whats popped up again, the vix. We havent seen this move double digits since the end of september. Its 16 and change. I dont get concerned until its over 20, but this is a move we havent seen in the last five or six weeks. Why the drop . Mandy is right, a couple reasons here. There is continuing concerns about the reverberations on hi