for the top movers, we are joined by abigail doolittle for a check and. abbott up for us. but rally for the s&p 500, it was all about the reopening trade. a big piece, what is being called the leisure trade. business and leisure. up 4%. upgraded at raymond james. a thought that many folks will be using some of the east coast beaches more. that is helping domestically based. on the airlines, higher on the idea that folks are traveling. last friday was the biggest check-in for tsa. i think 1.6 million travelers since the pandemic began. norwegian cruise lines, they are going to be back in the water by july. there are complications with the cdc. but you see investors responding well to that. the same deal for mgm resorts. a favorable upgrade at morgan stanley saying las vegas is about to be on fire. amc, speaking of being on fire, godzilla versus kong, that drew folks to the theaters. amc is up, up and away. that is the deal for the ble isure category. if we look at over the last year, what we are looking at in blue, that is the s&p 500 hotels, resorts, and cruise lines. in w

abigail doolittle, thank you. farming, space travel, and cars, the world depends on computers to crack, crunch, and deliver numbers and automate the world's most complex systems. but these computers can only do so much. as technology and i i becomes more present, the demand for more powerful computing is taking off. quantum computing, the ability to compute information in a way that would never be possible with a conventional machine. in very broad terms, four c quantum computers can do it at a faster rate than common computers. drawing the eyes of investors like the ceo niccolo demoss eat that joint is back in september. >> consumer gaining and online casinos, the second was sports book data, and the third will be something probably in cloud computing, ai computing, like the kinds of technologies that underpin the future of mobile. emily: that third company, ionq making it the first company solely focused on quantum computing. we are joined by peter chapman. why now? peter: thank you for having me on. as he menti

let's get a quick recap of the market's big movers today with abigail doolittle in new york. was the story today. big, big outperformance, particularly for the chip. that stock closing up more than 3%, outperforming almost near its all time high. one piece of this, taiwan semiconductors, they have boosted their spending plan so that really put a bid under some of the other chip names, including the machinery that makes the chip. often, that is seen as an early tell. it is seen as a good sign, plus, in joe biden's infrastructure plan, president biden's infrastructure plan, 50 billion dollars dedicated to chip manufacturing, trying to bring more chip business back here. the chips really grew. relative to green power and ev, a little bit of split action. on the morning, huge surges in the spaces overall, and you could make the case that $460 billion of that same plan is dedicated to climate change, improving the climate, green power, ev space, however, we see here on the close a little bit of a mix. fuel cell and ballard power closing down. some of that could just be too far too

they move today with bloomberg's abigail doolittle in new york. abigail: tech was the story today.formance particularly for the shift, stocks of performing almost near its all-time high. one piece of this, taiwan's semi conductor, they have boosted their -- their spending plan. that put a big bid under the other ship names, because they make the machinery that makes the ship. often that is seen as an early tell. the fact that you have lam research and applied materials end other semi cab equipment companies. plus in joe biden's infrastructure plan, president biden's infrastructure plan, 50 billion dollars dedicated to chip manufacturing, trying to bring more chip is back. so the chips really grew. it is interesting, relative to green power, there is a split action. on the morning, huge surges in these spaces overall because you can make the case that roughly $460 billion of that same plant in one way or the other is dedicated to climate change, improving the climate, green power, ev space. we see a close on the nexo fuel cell power. some of that could be too far, too fast. just sin

abigail doolittle, thank you very much, indeed. y on the conversation and try to get an idea of what is going on. facebook looks like it is getting re-rated. apple, as abigail says, is only up by 0.4%. facebook is superstrong, but apple, one of the best quarters ever. let's take a listen to what was said about that. >> on mac, we set an all-time revenue record for the product category. in fact, the last three quarters for have been its three best quarters ever. guy: it is really good. the numbers are really good, and they are doing much better than the street was anticipating, pretty much across the board. the stock goes nowhere. ed ludlow joining us now from san francisco, trying to help me out here. wall street got apple wrong pretty spectacularly. it blew all the numbers away across the board. the stop those up, and then drops pretty rapidly. basically, we are where we were. can you explain this to me? ed: wall street basically expected apple to beat. the question was not whether or not they would eat, it was how they would -- th

abigail doolittle is here with more. abigail: it is a risk off session -- a risk on session, but i think the real place we are seeing that ego data, the really strong retail sales coming in 9.8%, well above the estimate, initial jobless claims coming in so much better at 576,000 versus the estimate of 700,000, plus all sorts of empire state manufacturing, philly fed business. the data is very strong. we have the s&p 500 at an all-time high. coinbase two higher a little bit. interesting, we have the bank index down despite citigroup and bank of america and some of the other banks putting up very strong quarters. it has to do with bonds rallying. we have this big rally for bonds on the day. yields lower, pulling on the banks. that rally in bonds doesn't quite make sense with the strong economic data, but here you have it. not all-time highs for bonds, but again, it strong rally for bonds. alix: definitely breaking through the bottom it had made, so it pain trade. the biden adminstration is imposing a series of new sanctions

joining us is abigail doolittle. equities are off a little bit. s little bit different. we are coming out of a four week winning streak for stocks. very small losses. today is the worst day for the s&p 500 in about a month. that might be the different feeling, a little bit of selling pressure. it is not clear what has brought it on. there might be growth names under pressure, including tesla and nvidia. tesla due to the unfortunate situation in texas where two people died in a car that did not appear to be manned by somebody, unclear if it was on autopilot. in nvidia's under pressure from the u.k., up against it, trying to put

abigail doolittle has the latest. abigail: on the surface, the s&p 500 at another all-time high, but a very small game. the futures earlier had been down on that breaking news alix had been mentioning in terms of j&j. the fda and cdc recommending a pause in the use of the single shot vaccine, with six women between 18 and 48 having a rare blood clotting issue. that is out of nearly 7 million people, so an abundance of caution. probably the bigger story in some ways, the more lasting story could be what is happening between tech and the financials because the cpi print came out at 8:30, really lost in the j&j news, slightly hotter than expected. on that, because investors had already been primed by that ppi number last week, yields are basically flat. we have the banks down ahead of earnings season tomorrow, and then the big winner on the day is tech because valuation right now is not a concern. lots going on again beneath the surface. alix: let's talk about inflation. the base effects are taking in, pushing u.s. consum

abigail doolittle is here with more. abigail: down 7%, its worst day of the year, the worst day since november 9, 2020. now netflix is down on the year. it has ever thing to do with that subscriber miss, the outlook not being great. this company does not have believable visibility coming out of the pandemic after such strong comps. the worst first quarter in eight years, in fact. options were not positioned for this kind of decline. if you take a look at what is happening in the world of options, we see that this is coming well off of the highs, now much lower. lots of options expiring this week. if we break it down in terms of the most popular options for netflix, we will see this very clearly. it is pretty interesting. the 600 calls, that was the biggest positioning on the week. the 500 put also worthless. 620 calls, not there. a lot of options traders not happy with netflix and this performance right now, at least when it comes to the most popular positioning. guy: just trying to figure out what are the other netflix-l

abigail doolittle is here with more. abigail: it has been a very positive quarter so far. this is a big week. we have roughly $18 trillion reporting this week, and if it goes the way it has been going, it is going to be a solid week. we are looking at earnings year-over-year growth. that is off of an easy comp. however, investors liking it even so. sales not quite as robust, so that is something to keep in mind, but nonetheless, up 6% on a year-over-year basis. those companies are beating relative to the estimates. 32% of companies beat so far on earnings estimates. 9.5% on sales, and most of those companies, 3/4 have gained on results. so overall, very robust. not surprisingly, what a difference a year does make. we are looking at the easy comps. if we take a look at the earnings situation relative to the trailing 12 months in blue, that is $130 going back a year. the forward look forward for earnings, $178. so that really is the difference in terms of the economic growth we are seeing. the expectation we are going to have this sort of growth as folks continue to get vacc

let's get a market check with abigail doolittle. ement around but does not seem as dramatic as yesterday. abigail: i would agree with that. wrong moves on the day. of more interest is the week. a fourth up week for major averages in the u.s.. the first time we've seen that with the nasdaq going back to october. that is certainly risk on the neat the surface, it is super interesting. you have the nasdaq 100 and technology up on the week, but you have the banks down. that has everything to do with rates being down. the 10 year yield down for a second week in a row. it takes the pressure off evaluation questions around tax and it weighs -- around tech and it weighs on the banks overall. also interesting is on a weekly

for that we turn to abigail doolittle. i see a lot of red. it was mixed earlier. atic. am i missing something? abigail: you are not missing anything. it a surprising giving what is going on this week. 1 wall st strategist saying this week is the most important of 2021. we have more companies reporting this week. we also have the fed meeting and president biden addressing the joint session of congress tonight at 9:00, expected to unveil the $1.8 trillion american family plan, the biggest stimulus and help to underprivileged americans in decades. controversial between democrats and republicans. stocks not doing much. the s&p 500 fluctuating. it did put an all-time high

we turned to abigail doolittle. equities are off a little bit. of the week and the month and it has been quite a week. abigail: what a week it has been. tgif indeed on this friday. we had big tech earnings, we had this dynamic where they put up blowout quarters, tremendous results and stocks not reacting. we have also had the fed and president biden's joint address. more details around the $4 trillion worth of's planning and stimulus. the s&p 500 down .6%. what makes it interesting, it feels tired, maybe that is the way i am feeling, but the volume is above average. the selling is serious. that leads up to the idea it is the end of the month. it is

let's check it on the markets with abigail doolittle. it has been a lackluster week. low volume. lot of action. yesterday crickets was the name of the game. today more. we do have gains with technology shares. that has to do with the fact that rates are lower. the s&p 500 is up about .3%, carving out a new all-time high. the nasdaq outperforming, up closer to 1%. that has to do with tech.

joining us is abigail doolittle. i did so we lost about three basis points on the 10 year. here is a rally in bonds. it is a two day rally because the overall mood seems to be more risk on, reflationary, reopening towards vaccine optimism. yet you have haven bonds. not a big rally but over the last days the tenure yield is down six basis points, back below 1.7%. it seems a bit of consolidation. that is allowing stocks to climb higher. we have a record for the s&p 500. tack at this point, we have had rotation into attack with yields down. it takes off valuation concerns around tack. on the day, banks are one of the few down sectors because yields are lower.

abigail doolittle is here with more on what to expect. abigail: this week, we have nearly $19 trillion worth of market cap in companies reporting, equal to all of the everone weeks together. it has everything to do with the mega caps. tonight tesla, tomorrow bet, then we have -- tomorrow alphabet, then we have amazon, facebook, microsoft. interestingly, we don't actually have the most list stands going into this week. if we going to the bloomberg terminal and take a look at the outflows on the qqq's, last week there were five consecutive days of outflows, the most going all the way back to 2000. that's not a lot of confidence on the part of investors in terms of what we are going to see out of tesla, apple, amazon, facebook, and so on. they are selling those stocks the way they did in 2000. last week wasn't easier -- excuse me, last year was an easy comp because it was the start of the pandemic, so it is going to be critical to listen to what this management companies say. tesla already preannounced, as they always do, in terms of deliveri

joining us is abigail doolittle. looks like everything is coming up roses.isk on mood for the markets, in delayed reaction to the blowout jobs report. of course, it has everything to do with liquidity. investors chasing stocks higher. it is interesting, we have an all-time high again for the s&p 500. we also have the tech heavy nasdaq up sharply. both of those being helped by the apples and microsoft's of the world. the year of course has been dominated by the banks and small caps. this started last week, we have banks and small caps underperforming the -- 2000 up fractionally. we have

joining us with more is abigail doolittle. it was a stellar opening, and then a total fade into the close. are we recouping the losses? abigail: well, not quite. yesterday, coinbase went public on the nasdaq, the price at 250. here's the opening, well above where it was priced. at that point, having evaluation greater than 100 billion dollars , but then it closed well below those levels. at the greatest follow-through, but nonetheless, still more bullish than not. at least we are in the green, as opposed to the opposite. as for cathie wood, her arc fund, she is all in on coinbase. very much growth and momentum. coinbase is number 44, so perhaps it will creep its way up, but out of 55 holdings two days in, that is really pretty impressive. finally, if we take a look at the cryptos themselves, bitcoin up 0.9%, ethereum 3.9%, and a nice turnaround for some of the digitally related stocks. again, the question with the huge moves in the space this year, are we going to see some sort of sell the news action? we do still have green on

abigail doolittle is looking at how the markets are shaping up around the releases. made a ton of money not being rewarded by the market. abigail: not being rewarded at all. the stock down 3%, the worst day of the year. the stock had been on pace for its worst day since october of last year. right now, november of last year. a big quarter, too, their ninth consecutive beat. being helped out by gaming, consumer professional. lots of strength there. lots of cash, as alix was mentioning. analysts calling it good, not great. the stock was priced to perfection, trading at more than 35 times forward pe because it is up more than 50% over the last year. right now it is just shy of that to trillion dollar market cap -- that to trillion dollars -- that $2 market cap -- that $2 trillion market cap. about 77.3 billion dollars in revenue, so thin margins. there's lots of uncertainty. folks want more than just numbers on the iphones and the ipads. they want services. they want everything. the stock has been on a month-to-month run, so the implied options suggest we are going to se

goldman sachs, wells fargo all announcing results wednesday. , gil doolittle is here with m -- abigail doolittlehere with what we should watch. abigail: earnings season kicking into gear next week. it has been a very bullish year so far overall for stocks. the s&p 500 up about 9.1%, but the banks really outperforming. take a look at the s&p 500 financial sector, up 18%. the kbw bank index up a stunning 25% in just one quarter. of course, this has everything to do with the historic backup and yields we have seen. the 10 year yield right now up 75 basis points off of the highs, but the idea is this will flow right to the bottom line for the banks, rising net interest income, so this is a very bullish dynamic for the banks. another factor, because of all the liquidity in the system, is trading volumes. the leverage being talked about. if you go back to 2016, and the we take it all the way to 2020 and 2021, these are the trading volumes, much stronger. for some of the banks that deal with a lot of trading, this could be a bullish tailwind. interestingly, if we take a look at the first corner expecta

abigail doolittle is here to talk us through what we have seen and what we got. abigail: another blowout quarter from one of the mega cap tech companies. profits of $8.1 billion tripling. $26 billion in profits, more than the previous three years combined. that is really extorting their. the stock in the premarket -- or the post market, excuse me, really popping in reaction to the strong quarter. gaining some ground because earlier, it was actually only up less than 1%. some investors, one of the things they wanted was the announcement of a split first box that is more than -- for a stock that is more than $3500. it makes it a little bit more palpable. relative to the reactions, one of the puzzling reactions this week, amazon up nicely, but maybe you would want it to be up more. the best sector on the earnings reaction is the telecom communications services, up 1.4%. but the rest, very muted reactions. tech overall down 1.6%. putter today absolutely plunging on a mediocre quarter. apple closed down yesterday after a pretty good quarter. if we go into the bloomberg

the question is, you have several analyst coming out of goldman and our very own abigail doolittle saying in the long term, this does not make that much of a difference. in the short term, it could create some volatility. shery: given we saw tax receipts take a hit during covid, this chart showing that. does this make sense we are trying to raise taxes in order to pay for some of the expenditure when we have the infrastructure focus american jobs plan coming up? kriti: this does only apply to a small amount of the american population. this is also all contingent on the fact of whether we even see this get past. from a political standpoint, i am not a political reporter but the reason investors are so sensitive is we did also have a series of stimulus bills passed with little resistance. this is why it is spooking some investors. from a political standpoint, we have to see if this can get past. at the earliest, we are looking at a summer timeframe. paul: bloomberg markets reporter kriti gupta. implications on the bond markets. let's bring in our portfolio manager at matthews asia. what is