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Nov 9, 2022
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will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisani at the new york stock exchange >> and melissa, very interesting day. we're sitting not far from the lows but remember, we've had some nice moves up in the last couple of weeks let's take a look at the major indices. remember, the dow was 29,000 you know, just about month ago, and we're 33,000 just off of that right now it's had a nice run. s&p 500 we were knocking on the door of 3,900 not that long ago, so not surprisingly we had a little pullback. nasdaq has been the weakest of the major indices. it's only 4 or 5% of the 52-week low. di disney is a real problem that's about 85 points on the dow jones industrial average weighing it down apple's been a bit of a problem as has salesforce throughout the day. chevron's been a problem simply because crude's gone from, what, 94 three days ago to $86 today that's under a little bit of pressure, but a good move. there's a new high for merck, 103. the defensive stocks are doing better today, so merck, johnson & johnson all on the upside. elsew
will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisani at the new york stock exchange >> and melissa, very interesting day. we're sitting not far from the lows but remember, we've had some nice moves up in the last couple of weeks let's take a look at the major indices. remember, the dow was 29,000 you know, just about month ago, and we're 33,000 just off of that right now it's had a nice run. s&p 500 we were knocking on the door of...
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Nov 17, 2022
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. >>> for more on what's moving the markets this morning, let's bring in bob pisani, who joins us right 9 bob, what are you watching >> the important thing is you had it right bullard is the leading indicator. he's playing, can you top this the immediate effect on the market look at the risk-on/risk-off sector metal and mining stocks, growth names, ark innovations, semiconductors even with nvidia, and one-month low on oil all the growth sectors are moving to the downside on bullard's comments pharmaceutical is the only thing moving to the upside powell was aggressively raising interest rates through 2018, 25 basis points at a time and we went from 2900 to 2400, christmas eve, powell was raising rates. he changed his tune beginning of 2019 people saying, a-ha, we bet this will happen. who knows. on the retail, it's nice macy's had a beat there kohl's is trading slightly to the upside it doesn't change the overall narrative for retail it's been a disastrous year. the xrt, a basket of all the retail stock down more than 30% what they did, investors did, was sniff out the supply chain probl
. >>> for more on what's moving the markets this morning, let's bring in bob pisani, who joins us right 9 bob, what are you watching >> the important thing is you had it right bullard is the leading indicator. he's playing, can you top this the immediate effect on the market look at the risk-on/risk-off sector metal and mining stocks, growth names, ark innovations, semiconductors even with nvidia, and one-month low on oil all the growth sectors are moving to the downside on...
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Nov 2, 2022
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let's also add steve liesman, bob pisani and rick santelli steve, let's start with you and the change in language that kayla laid out >> she highlighted the most important part and it looks like there's two pieces to it the first one here in determining the pace of future increases in the target range, the committee will take into account the cumulative tightening of monetary policy, the lags with which affects activity and developments. so the first part, the part i didn't read, is they want to make sure it's sufficiently restrictive to return policy that tells you maybe they have more work to do but the idea they're taking account lags may mean they're going slower here i don't think i would mistake this for saying the fed is ready to pause it's something you might say the fed is aware that it's done an awful lot and doesn't feel it has to do as much as it had done in the past. i'm going to take a quick look what's happened to fed fund futures. they've come down a little bit we'll see if it holds, but the may contract was trading at 503. now it's at 496 so not much of a change, but
let's also add steve liesman, bob pisani and rick santelli steve, let's start with you and the change in language that kayla laid out >> she highlighted the most important part and it looks like there's two pieces to it the first one here in determining the pace of future increases in the target range, the committee will take into account the cumulative tightening of monetary policy, the lags with which affects activity and developments. so the first part, the part i didn't read, is they...
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Nov 4, 2022
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you want >> we've lost some of the opening gains as dollar is reversing a bit here let's get to bob pisanis by the way, i saw zero mostal in "a funny thingd happened on the way to the forum" and it was one of my favorite appearances of all time. we just sold right into this thing. we were around 3,766 at the oreg open we lost 23, 24 points. remember, we're down four straight days in the s&p 500 it's been a lousy start to november let me show the you the sectors. the china thing is definitely helping to a certain extent, so some of the value stuff, there's crane shares, which is the china tech energy, metals, industrials, value stuff has been helped a little bit by these china rumors and that's certainly a good news generally, those sectors have held up pretty well this week. they're down is 1%, 2%, maybe. what's really having a problem is the growth areas, so we need to get communications services and consumer discretionary and technology stocks up this is just a horrible week for these growth sectors this is a pretty modest move to the upside on tech here. 0.37%. that's not much. we were
you want >> we've lost some of the opening gains as dollar is reversing a bit here let's get to bob pisanis by the way, i saw zero mostal in "a funny thingd happened on the way to the forum" and it was one of my favorite appearances of all time. we just sold right into this thing. we were around 3,766 at the oreg open we lost 23, 24 points. remember, we're down four straight days in the s&p 500 it's been a lousy start to november let me show the you the sectors. the china...
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Nov 7, 2022
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let's begin with bob pisani. looking green across the board, bob. >> this is a very impressive -- the last half hour, the dow has moved 150 points, s&p 20 points or so. unitedhealth up eight. am guinn is up, boeing is up $6. what you want to watch is tech apple has gone positive. it's been negative all throughout the day, but microsoft up $6, that's a good move meta is one of the best performing after a horrible week boy, this is a really broad rally overall. i know everybody is focused on tech, but the real big performers last week were energy and to a lesser extent, healthcare names chevron is helping the dow marathon, schlumberger, diamondback at new highs, those are holding up well and outperforming the last week and a half the other group is generic health care, lilly, cardinal, biogen, gilead sciences, all at new 52-week highs. tesla is at a new low. just broke 200 tesla was $400 in january. it's half of that right now. a lot of reits is an ongoing story. very interesting afternoon start to go shape up here.
let's begin with bob pisani. looking green across the board, bob. >> this is a very impressive -- the last half hour, the dow has moved 150 points, s&p 20 points or so. unitedhealth up eight. am guinn is up, boeing is up $6. what you want to watch is tech apple has gone positive. it's been negative all throughout the day, but microsoft up $6, that's a good move meta is one of the best performing after a horrible week boy, this is a really broad rally overall. i know everybody is...
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Nov 1, 2022
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carl, back to you. >> bob, i know you've been watching that deal closely bob pisani jim, what's on tonightli lilly, kroger and airbnb. >> that's a b lineup >> they call me the booking magician. >> you are a booking magician. >> not a left booking magician. >> i beg to differ. >> those are three big stories. >> i guess i better go to work it's my wife's birthday. >> happy birthday, lisa. >> yes, lisa's birthday. 35 >> jim, we'll see you tonight. "mad money" at 6:00 p.m. eastern time. >>> when we come back, goldman's chief equity strategist david kostin is going to join us ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. we're told that success is all about making it on your own. the truth is... need some help? c,mon, get in. nothing great gets done alone. that's why there's shopify. with shopify, you can set up your online store; you can sell on social media; or, you can sell in person, with our point of sale system. it doesn't have to be lonely at the top. join the millions to find success - on their own terms. start your journey with a free trial today. welcome
carl, back to you. >> bob, i know you've been watching that deal closely bob pisani jim, what's on tonightli lilly, kroger and airbnb. >> that's a b lineup >> they call me the booking magician. >> you are a booking magician. >> not a left booking magician. >> i beg to differ. >> those are three big stories. >> i guess i better go to work it's my wife's birthday. >> happy birthday, lisa. >> yes, lisa's birthday. 35 >> jim, we'll...
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Nov 2, 2022
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bob pisani, of course. got the foc today and the key question there, you know, will jay powell talk about a slowdown in december? everybody expecting 75 basis points let's take a look at the bond market right now, give you a quick bond report. treasuries, of course, also have often led our market, and yields are higher market tends to move lower you can see that ten-year is above -- i'm sorry, the two-year, and the ten-year is above 4.5% right now as we await later today when we hear from the fed chair. ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪♪ energy is everywhere... even in a little seedling. which, when turned into fuel, can help power a plane. at chevron's el segundo refinery, we're looking to turn plant-b
bob pisani, of course. got the foc today and the key question there, you know, will jay powell talk about a slowdown in december? everybody expecting 75 basis points let's take a look at the bond market right now, give you a quick bond report. treasuries, of course, also have often led our market, and yields are higher market tends to move lower you can see that ten-year is above -- i'm sorry, the two-year, and the ten-year is above 4.5% right now as we await later today when we hear from the...
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Nov 3, 2022
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let's bring in bob pisani for more >> the important thing is we were 40 points lower just a short whileom unlikely sources here. industrials, take a look at sectors moving semi-conductors still weak industrials have come back, energy stocks have come back and even ark innovation, which good indicator of risk on risk off is up 2 percentage points. one thing you notice is these pandemic darlings sort of split today. for example, etsy had good numbers. they were above estimates. ebay had good numbers. the third quarter was above consensus. fourth quarter guidance was good peloton, revenue below consensus, guidance weak roku had weak guidance and they talked about the macro environment pressuring the consumer if you look at these individuals out there, some of these people that have been, these consumer darlings in the last year or so, notably weaker right now take a look at some of the numbers. peloton down 92%, roku, 86%. from the 52-week highs you can go all the way down the list, look at zoom video, etsy, netflix, chewy, crowdstrike. you can see them all down very big here finally, one
let's bring in bob pisani for more >> the important thing is we were 40 points lower just a short whileom unlikely sources here. industrials, take a look at sectors moving semi-conductors still weak industrials have come back, energy stocks have come back and even ark innovation, which good indicator of risk on risk off is up 2 percentage points. one thing you notice is these pandemic darlings sort of split today. for example, etsy had good numbers. they were above estimates. ebay had...
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Nov 30, 2022
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. >>> dow is down 50 let's get to bob pisani. >> moving around on the economic data stocks rallied on declined on the stronger gdp numbers and the gdp chain price reports. we're flat tisch right now s&p only down two point. risk a little more apparent. it's been that way all week. k-web, china stocks have been moving k-web, that's crane shares, up 15% this year. metals have been strong. that's another risk on group kathy wood's arc innovations has been doing well. 70 was positive at the open, just turned negative there's a very entering disparity going on in the market a big disparity emerging between the boss toms-up analysts and most of the strategists out there. the consensus of 2023, up about 5% a lot of strategists way below this lori calvasina, 199, goldman at 224. 208 is what we werein 2021 there's a big disparity here between the investment community that's out there there's another big disparity. carl mentioned this on monday, between oil and oil stocks usually oil and oil stocks, they directionally move in the same direction. beginning a couple months ago, everything diverge
. >>> dow is down 50 let's get to bob pisani. >> moving around on the economic data stocks rallied on declined on the stronger gdp numbers and the gdp chain price reports. we're flat tisch right now s&p only down two point. risk a little more apparent. it's been that way all week. k-web, china stocks have been moving k-web, that's crane shares, up 15% this year. metals have been strong. that's another risk on group kathy wood's arc innovations has been doing well. 70 was...
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Nov 14, 2022
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> important thank you, kayla kayla tausche on the president's trip and g20 overall let's get to bob pisanithe dow down 28. hey, bob >> it's a flat open, butst it's been a very interesting weekend, a lot of discussion about what's going on in light of these recent rallies we've seen in the market and what it means for the earnings situation take a look at the sectors again, i look every day at risk on, risk off let's call this sort of an even day. big names, china's doing well. we had some more stimulus in the real estate sector for china, so some of the chinese stocks are doing better ark innovations, slightly underperforming the overall markets. semis, okay. amd was up on positive comments from analysts. semiconductors, i would say that's fair right now. flattish to slightly down. metals and mining, another group that's flat. so let's just call this a bit of a mixed open here with ark innovation, the weak mover look at s&p movers here. sort of a mixed crowd. amd's positive they had ubs baird had some positive analyst comments some of the pharmaceutical stocks opened flat to slightly on th
> important thank you, kayla kayla tausche on the president's trip and g20 overall let's get to bob pisanithe dow down 28. hey, bob >> it's a flat open, butst it's been a very interesting weekend, a lot of discussion about what's going on in light of these recent rallies we've seen in the market and what it means for the earnings situation take a look at the sectors again, i look every day at risk on, risk off let's call this sort of an even day. big names, china's doing well. we had...
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Nov 28, 2022
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let's get to bob pisani. >> good morning, guys.day two to one, declining to advancing stocks and you can see the impact these china protests are having on our market again, i look at what's risk on, risk off today and it's generally risk off and you have to point the finger mostly to the china protests energy, oil's at the lowest level in almost a year, since december of last year. metals and mining, another classic global risk on, risk off, that's down notably here's the curious story of the day. china shares -- china's stocks generally are flat to slightly on the upside. there's the big one. kraneshares trading to the upside i want to note what's going on in the energy stocks because carl made a very good point about this disconnect that's been going on between oil, which is now below $75, almost a 52-week low, and energy stocks, which have been holding up very well, and it's call on diamondback energy today from bank of america, i think, is the -- goes to the heart of the question they downgraded this stock because of what they
let's get to bob pisani. >> good morning, guys.day two to one, declining to advancing stocks and you can see the impact these china protests are having on our market again, i look at what's risk on, risk off today and it's generally risk off and you have to point the finger mostly to the china protests energy, oil's at the lowest level in almost a year, since december of last year. metals and mining, another classic global risk on, risk off, that's down notably here's the curious story of...
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Nov 9, 2022
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. >> we're holding 3,800, as you can see, dow is down 200 let's get to bob pisani. >> holding 3,800, risk-off kind of day. disney down 11 that's really weighing on things at the dow cathie wood's ark fund, lower overall. there's a little bit of fallout even though much of her stuff has nothing to do with crypto. semis, another risk on, nvidia down 4%. metals and mining, another one underperforming. energy, very unusual to see that down today you guys just quickly mentioned occidental the numbers were fine, it looked like, maybe 4 cents light, but remember, exxon, chevron, marathon, these have all been at new highs. the s&p energy sector was at an eight-year high yesterday so no surprise we might get a little bit of profit taking you can't think -- help but think housing is definitely slowing from the dr horton report i mean, sales orders will be down 25% to 35% year over year in the current quarter we're in. average selling prices will be down in 2023 there's no full-year 2023 guidance there, so yes, hopefully we are seeing some kind of bottom here, eventually, on mortgages, some hig
. >> we're holding 3,800, as you can see, dow is down 200 let's get to bob pisani. >> holding 3,800, risk-off kind of day. disney down 11 that's really weighing on things at the dow cathie wood's ark fund, lower overall. there's a little bit of fallout even though much of her stuff has nothing to do with crypto. semis, another risk on, nvidia down 4%. metals and mining, another one underperforming. energy, very unusual to see that down today you guys just quickly mentioned...
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Nov 10, 2022
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from ha ha harker and evanses it is the best day for the s&p and nasdaq in over 2 1/2 years our bob pisanias more on the markets. >> good morning, carl. you see how that s&p is notably outperforming the dow. that's because tech stocks are more heavily weighted in the s&p 500 in general growth stocks are. that's what's moving things today. they want growth again here today. you can see that, that's not a misprint cathie wood's ark innovation up 11.6%, semiconductors -- these are the two sectors risk-on/risk-off industrials still not performing the overall market up but underperforming and energy, consumer staples, health care, underperforming today but up the idea is they want growth look at stocks associated -- i call them -- associated with cathie wood and the ark fund you see big moves up in unity software, block, zscaler, roku they were at 52-week lows and having a move to the upside today. it's not speculative tech or smaller tech you want. larger cap tech has been moving strongly today a lot of software names like service now, autodesk, paycom have been very strong, along with semicon
from ha ha harker and evanses it is the best day for the s&p and nasdaq in over 2 1/2 years our bob pisanias more on the markets. >> good morning, carl. you see how that s&p is notably outperforming the dow. that's because tech stocks are more heavily weighted in the s&p 500 in general growth stocks are. that's what's moving things today. they want growth again here today. you can see that, that's not a misprint cathie wood's ark innovation up 11.6%, semiconductors -- these...
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Nov 9, 2022
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will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisanick exchange >> and melissa, very interesting
will join us live in studio with how he plans to reach that goal we begin with the markets and bob pisanick exchange >> and melissa, very interesting
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Nov 4, 2022
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if we do, we might want to release it somebody called willy wonka because as bob pisani has pointed out many times, hershey is crushing it big chocolate, don't get in their way, they'll melt you. >> we need halloween that helps out sales a sweet for everybody there. the reality is they have been executing. they have done a fantastic job on their expenses and managing that, but also on their sales, and so as we go into a recession, as we look at these volatility in the markets, candy is more addicting than cocaine let's just face it, and the reality is we can't get rid of it we need to have it hershey is a great play. this is a really good thing. not just that. let's look at it low risk, the volatility on h hershey alone is worth the investment we really like it. >> yeah, i don't know about the addiction part, but my crews have seen me gorge on sour patch kids just before the show. that's how it's done david harden, big oil and big chocolate. david, thank you, appreciate that. >> you're welcome. >>> coming up, falling in love with the love boat stocks, royal caribbean's ceo is up next wi
if we do, we might want to release it somebody called willy wonka because as bob pisani has pointed out many times, hershey is crushing it big chocolate, don't get in their way, they'll melt you. >> we need halloween that helps out sales a sweet for everybody there. the reality is they have been executing. they have done a fantastic job on their expenses and managing that, but also on their sales, and so as we go into a recession, as we look at these volatility in the markets, candy is...
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Nov 10, 2022
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don't believe me go read my great friend bob pisani's book "shut up and keep talking" where he's gotwhen you panic out of things like this and flit in and out of stocks, causing you to miss out on very big up days like this one. these periodic panics are not rare occurrences 11 years ago we witnessed something terrifying, the downgrade of u.s. debt because of political theater gone awry if you go back and look at the coverage of the debt ceiling, you'd think we were about to lose our life savings. it was horrendous. i keep a copy in a drawer just so i can see how bad the media can be the stock market plunged 19% into negativity. i remember going to watch the eagles practice and at the end i was bombarded by players asking if it was time to go into cash i told them absolutely not, that it was ridiculous. i said my biggest worry was that they would sell and miss the inevitable giant rally once washington sorted out its ridiculous non-problem sure enough, if you bailed on the market in 2011 you missed one of the greatest runs of all time now, there are moments where the whole system's g
don't believe me go read my great friend bob pisani's book "shut up and keep talking" where he's gotwhen you panic out of things like this and flit in and out of stocks, causing you to miss out on very big up days like this one. these periodic panics are not rare occurrences 11 years ago we witnessed something terrifying, the downgrade of u.s. debt because of political theater gone awry if you go back and look at the coverage of the debt ceiling, you'd think we were about to lose our...
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Nov 11, 2022
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bob pisani will call this the day after. remember that show from the '80s, but this is a much better version than that. >> yes, and it's a great day actually, a narrow range, brian, 2-1, advancing to declining stocks still on the upside. we've been trying to push towards 4,000 on the s&p and boy, we just fell back a little bit but we were headed in that direction. we're up 5% for the week on the s&p 500's two-month highs right now. the dow is lagging all the other major indices, up about 3% the reason is disney was a real drag on the dow this week and some of the more defensive stocks like merck, for example, johnson & johnson are down this week as growth is back nasdaq started weak today on word of that ftx bankruptcy that dents the risk-on appetite, but we rallied very quickly back up. that's the pig winner. the nasdaq is up about 7% this week take a look at the sectors and again, you look at risk-on, risk-off, what's the appetite? very simple way to look at this. down at open and rallied very quickly up that's the big win
bob pisani will call this the day after. remember that show from the '80s, but this is a much better version than that. >> yes, and it's a great day actually, a narrow range, brian, 2-1, advancing to declining stocks still on the upside. we've been trying to push towards 4,000 on the s&p and boy, we just fell back a little bit but we were headed in that direction. we're up 5% for the week on the s&p 500's two-month highs right now. the dow is lagging all the other major indices,...
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Nov 8, 2022
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but first, we start with the market numbers bob pisani at the new york stock exchange with a lot of green on the screen on this election tuesday. >> a lot three to one, advancing to declining stocks here at the new york stock exchange. similar over on the nasdaq and look at these numbers here dow industrials, 33,304. that is the highest level since late august, i believe the s&p 500, look at this, 3852. we're approaching the recent closing high, remember, that was -- what was that, october 28th we were over 3,900 a couple of weeks ago. and we're 50 points from that ee gr group. amgen had some good medical news on an anti-obesity drug, but boeing, caterpterpillar and honeywell, these have had spectacular runs these are all up close to 20% since the middle third week or so of october. so what's happened is, tech stocks have sort of fallen back a little bit, recently, and some other groups, like industrials have really come up. these big names, boeing, caterpillar, honeywell have had great, great runs. today on the s&p 500, we have some earnings reports, mosaic was better than expected, and
but first, we start with the market numbers bob pisani at the new york stock exchange with a lot of green on the screen on this election tuesday. >> a lot three to one, advancing to declining stocks here at the new york stock exchange. similar over on the nasdaq and look at these numbers here dow industrials, 33,304. that is the highest level since late august, i believe the s&p 500, look at this, 3852. we're approaching the recent closing high, remember, that was -- what was that,...
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Nov 30, 2022
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energy stocks are up 25%, while energy itself, oil, has gone negative what's behind the divergence bob pisani and i will discuss and debate and scrap, and fight over this. seema mody but first, do you think the fed is messing with your mortgage by hiking rates wait until you see what uncle sam will do with housing for the first time ever? you may not believe this, but it's true. by the way, eight minutes, seema, do you want to help me? 48, 47 -- to jay powell. right back right after this. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. >>> welcome back just a couple of
energy stocks are up 25%, while energy itself, oil, has gone negative what's behind the divergence bob pisani and i will discuss and debate and scrap, and fight over this. seema mody but first, do you think the fed is messing with your mortgage by hiking rates wait until you see what uncle sam will do with housing for the first time ever? you may not believe this, but it's true. by the way, eight minutes, seema, do you want to help me? 48, 47 -- to jay powell. right back right after this. at...
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Nov 18, 2022
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to jassy in this note about the eliminations at amazon, but you know what, jim, we got to get to bob pisaniht now because we want to get more on the market we're coming off our highs but still up over 0.5%, bob. >> yeah, and not bad open, actually lot of relief on the retail front, so let's take a look at the sectors that's moving today and the retail, xrt, which is the one you want to watch, is the retail etf, doing very well today, because we got some relief on the earnings front from a number of retailers, but ark innovation, always a good sign of risk on, risk off, up. semis, up. energy, which, by the way, hit a new high earlier in the week, down a couple days as oil has been moving down the last few days let's show you the retailers here very good overall commentary from the big three that reported over the -- in the last 24 hours. foot locker cited strong momentum, raised their guidance. ross stores had a beat they raised their guidance as well gap, basically beat on all of the comps. the margins and the eps, that was a little bit of a surprise people were expecting things to sort of
to jassy in this note about the eliminations at amazon, but you know what, jim, we got to get to bob pisaniht now because we want to get more on the market we're coming off our highs but still up over 0.5%, bob. >> yeah, and not bad open, actually lot of relief on the retail front, so let's take a look at the sectors that's moving today and the retail, xrt, which is the one you want to watch, is the retail etf, doing very well today, because we got some relief on the earnings front from a...
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Nov 16, 2022
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let's get to bob pisani. >> defensive sectors are leading.or example, consumer staples holding up very well, healthcare, these are the classic defensive sectors. elsewhere, tech sort of mixed, apple's down fractionally, but the real weakness is in the retail sectors, and that's been an issue for all throughout the morning here if you just take a look at the main retail movers here, target's down rather notably, 16% or so. lowe's opened fractionally on the upside, but some of the other apparel companies like gap, macy's, also weak in the department store area here in terms of what the issues are for target, it's pretty clear. looks to me like there's excess of inventory still out there that's been there for several quarters that's been bothering them you had decelerating spending and then, of course, you have all these multichannel demands on the company put this all together, and what you've got, essentially, is real margin pressure out there. lowe's, i would note, the comps were up 3% but the transactions down, 5.4% the ticket was up 8% so,
let's get to bob pisani. >> defensive sectors are leading.or example, consumer staples holding up very well, healthcare, these are the classic defensive sectors. elsewhere, tech sort of mixed, apple's down fractionally, but the real weakness is in the retail sectors, and that's been an issue for all throughout the morning here if you just take a look at the main retail movers here, target's down rather notably, 16% or so. lowe's opened fractionally on the upside, but some of the other...
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Nov 11, 2022
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let's get to bob pisani. >> flattish open, but we were higher until the ftx bankruptcy announcement wasone just before the open. so, the effect of that was it put a little bit of damper on some of the risk-on, riskier assets, particularly in the tech area, so ark, for example, there's your good indicator, was briefly down it's now on the upside, it's turned around a little bit but semis were open and were positive all throughout the open in fact, they have had a great run this week. up nicely about % and the other sectors are commodity sectors that have done really well. materials, for example, had a great week it's up about 8% energy wasn't as strong as it used to, but it's having a very good week. the reason we're holding up well, a lot of cynics said we should probably sell into this because it's not real but we've had three positive macro announcements. i'm not sure it's a home run, but the markets are interpreting positively we've had progress on the fed and inflation. we've had reductions in the covid lockdowns in china, which looks like they're going to continue they'll increment
let's get to bob pisani. >> flattish open, but we were higher until the ftx bankruptcy announcement wasone just before the open. so, the effect of that was it put a little bit of damper on some of the risk-on, riskier assets, particularly in the tech area, so ark, for example, there's your good indicator, was briefly down it's now on the upside, it's turned around a little bit but semis were open and were positive all throughout the open in fact, they have had a great run this week. up...