Micron, qualcomm, all following. These have been some of the hottest trades of the year is this the beginning of a bigger pullback or should you buy this dip dan . Its a tough one. Obviously we had microns earnings a week and a half ago they beat and got higher they were talking about nand pricing and dram this is a headwind for apples margins, theyre a big customer of apple for me, you have to think about this apple announcement, we see this every quarter whether its hush hush, whisper whisper, theyre not going to have the builds they did on this high end phone thats going to possibly affect their asps. Last quarter expectations were not particularly high because people knew the iphone x would be pushed out later into the calendar q4 and all of a sudden they gave this massive guide for units in this quarter, 85 million. I think at the end of the day you have a stock trading at 170, i think back then it was 160 if they were to come in line and guide, you know, down a little bit, i dont
228 points, s p climbing. 67 . Nasdaq gained. 68 house of pleasure. You have to wonder will we get a monster run to dow 30,000 . Is this a total s p 500 jail break . Is the sky the limit thats how i feel after watching hours and hours of tape and marveling that once again we have such broad leadership from the industrials, the airlines, the financials, even the tech stops. This move is eery. Whats driving it . Oh, you know, come out here every night, same as always. Stock shortage, its really been acuteness in the industrials 401 k money being thrown at the market animal spirits a stronger consumer. Tax reform deregulation and a general reevaluation higher for all stocks. Whos doing the leading . Once again, its boeing, its caterpillar, adobe, alphabet, its apple and its netflix. Oh, sure, periodically we have to change things up. Today was all aaang, which is what happens when facebook stumbles so badly it isnt worth the faanging a nic ing acronym. I swear if boeing keeps worrying, yo
Off the coast of taiwan. Rescue crews are searching the rubble for missing people. All that. Theres your highlight. And all that matters. Three, two, one. Spacex made history with the first test flight of the worlds most powerful rocket. Whoo go baby go on cbs this morning. Theres no crew on board. Only one special payload. A tesla roadster which elon musk says will go deep into space. We think its a dummy sitting in the drivers seat, either that or a very underpaid intern. D this mornings eye opener is presented by toyota. Lets go places. Welcome to cbs this morning. Gayle likes the intern car. Weve all been interns. That. Ill do that. Does somebody have a claim check . The u. S. Says it will unveil its toughest and most aggressive sanctions ever against north korea. The could dampen hopes the two sides could meet at the Winter Olympics. Vice president mike pence discussed the sanctions this sayi morning without saying what they. Ill be. He spoke in tokyo after mee to japanss prime mi
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
Ahead. Good morning. A warm welcome to Worldwide Exchange. Im wilfred frost. Lets check in on the markets after a significant selloff yesterday. We lost 20 points to 30 points on the dow right at the close. Down 1. 4 , having been down 1. 2 for most of the final few hours of trading we were down 363 points. In the midmorning the dow was down about 400 points. The s p was down more than 1 . The nasdaq down just less than 1 10 out of 11 sectors were lower yesterday. Healthcare and energy were down around 2 . But month to date the returns are impressive in this final trading day of january the nasdaq standing up around 7 even despite those couple falls, and the dow is up this morning 74 points, the nasdaq up 20 points, and the s p up 9 points in the premarket tenyear treasury note, still above 2. 7. That crossing of the 2. 7 happening with yields rising, something that has concerned some equity investors. Yields about 2. 7 still this morning. President trump striking an optimistic tone in