thursday but after the bell joining me piper sandler managing director chief market technician craig johnson you before we get into earnings i want your take on charts the technicals you watch so closely. >> thanks, maria for having me on the show what charts are telling me this is sort of tail two of tapes, right now we've got dow industrials a little bit softer the nasdaq specifically nasdaq 100 continuing to push higher led by a lot of semiconductors technology related companies, look at pretenning this morning you got nvidia pushing higher apple pushing inquiry qualcomm crowdstrike, you look at some of the more industrial type companies a little bit of weakness on that side of the house, so at this point in time this is still, selective, technology related names. >> does that jive with fundamental side in terms of earnings so far. >> so far if you look at nvidia example from last week, got a lot of attention, yeah they beats numbers, but they also raised guidance, if you go back through look at some of the rl quarterly numbers that have been reported so far, you've not been seeing forwar

let's brung in craig johnson, the chief market technician at piper sandler. craig, this is a market overall if we take a look at it that was maybe not expected to go back to all-time highs. i mean, we're not there yet for the s&p, but we're kind of there overall. is this a surprising move given the moves we've seen over the course of the last couple of months? >> you know, dom, i think this is a market that, again, the move off of these april lows has been a little bit surprising. when you step back and look at the big picture of this, we're on the road to nowhere. this is a market that's probably going to end up consolidating sideways. markets can go up, down, or a third direction is sideways. consolidate in terms of time, price. and that's what we think is happening. again, the markets have been pretty quiet over the last couple of days with the economic data points that have been coming out with the ppi and cpi today. >>> the record highs we've seen in the nasdaq imply that there's still a tech tilt toward the broader market overall. do we feel as though th

joining me now piper sandler's chief market technician craig johnson. i read your report.t i read it said it was too early to say if friday's stock market rally could become more than a relief rally. you would prefer to see a wait-and-see approach. did this article take certain liberties here? >>, charles that is exactly right. what we've been seeing for this entire year 2024 obviously an election year, we're expecting this market to define a high level trading range, hltr. this market will end up stuck in a range. somewhere around 5200 at the upper end, 46, 4800 at the lower end and over the near term here we think the market needs to correct further and chop around in this range. when i look at this market, when i look at what your brier guests talked about, charles, the composition of this advance off the lows we're seen a week or so ago, being led by electric utilities, being led by staples, led by financials and you're not seeing tech really drive this market higher like we've seen before. too early to call it anything but a relief rally. charles: of course that growt

for example, joe stiglitz advocates the seizure of russian central bank reserves and craig kennedy and simon johnson tightly discussed ways to tighten the price cap on russian oil exports. olivia blanchard outlined the slate for policymakers. the essays have been posted on the brookings website this morning and i encourage everyone to take a look. following remarks from our keynote speaker, we will hear from experts that will provide reaction to the address and give their take on the nation's efforts to date and offer reactions to draft proposals released this morning. that's the what now here's the why. it's pretty simple actually. with the proliferation of sanctions and economic tools, it's important to take stock of these actions and ask if they are achieving their intended goal. are there unintended consequences? can policymakers do better? these are not new questions. in the book the economic weapon about sanctions over the past century, the author says the policy debate about sanctions has been repeated almost every decade since the league of nations was created in the wake of world war i. at

craig -- oh, there. >> you have to get another idea. >> johnson city, tennessee. >> we have this one here. >> first timeo gain about 300 pounds and lose your hair. that would be great. that's fantastic. >> stop! >> that sound -- wait, should everybody come back tomorrow on the plaza? >> we've got a big concert, you guys. the music you're hearing is a little clue. that is anita, a grammy-nominated singer and one of brazil's biggest stars. she'll be here 24 hours from now. she's bringing some really popular latin pop funk energy to our concert stage. >> like that. >>> meantime, ahead in this half hour, we have chasse post standing by at her post with summer fashions, accessories, and others must-haves for your next trip to the beach or the pool. >> okay. >>> also in the house, jeff jay lee is in our kitchen prepping cheese burgers that made him an absolute legend here in new york. he'll share his secrets and recipe for another popular dish that's perfect for a weeknight meal. >> okay. looking forward to that. >>> we also have a star-studded third hour on the way for you. including tony winner leslie otum

craig's hands and feet were amputated in december. he plans to campaign for faster access to his types of prosthetics and raise awareness about sepsis. you're live with bbc news. speaker of the house mike johnsonof war crimes. arrest warrants were also issues for three hamas leaders including yahya sinwar. the us denounced the icc�*s decision. speaking at a senate foreign relations committee hearing, us secretary of state antony blinken was critical of the move and said the decision will only draw out the war in the middle east. the extremely wrong—headed decision by the icc prosecutor yesterday. the shameful equivalence implied between hamas and the leadership of israel — i think that that only complicates the pros pecks for getting such an agreement. we'll continue to forge ahead to do that. but that decision, as you said, on so many levels, is totally wrong—headed. and we'll be happy to work with congress, with this committee, on an appropriate response. those comments from the us secretary of state came as he faced criticism from democrats and republicans over the administration's israel policy. as he began his testimony, mr blinken was interrupted by protestors who called him a war crimin

craig? >> liz kreutz for us on southern cal's campus, thank you. >>> meanwhile, house speaker mike johnson hasd an attempt by a fellow republican to remove him from power. lawmakers on both sides of the aisle banding together to reject a long-threatened motion by far-right congresswoman marjorie taylor greene. let's go to nbc's capitol hill correspondent, ryan nobles. ryan, good morning. does that mean that threat hanging over the speaker's head is now gone? >> well, savannah, it likely does, at least for now, after a wide range of members of congress made it very clear they were no longer interested in putting the house of representatives into a state of chaos. after weeks of posturing and threats, marjorie taylor greene finally made her move and was met with a chorus of boos. [ booing ] the republican firebrand, close with former president trump, dramatically failed in her attempt to remove speaker mike johnson from his post, after an overwhelming number of democrats voted with republicans t voted with republicans to block her effort. democrats decided to bail johnson out, after the speaker