here at nasdaq headquarters. we are here with adena friedman, she is ceo of nasdaq. you have been at nasdaq for 0 years. let me ask you about the fastest growing area of your business, market technology grew 18%. what's driving the growth? >> that dovetails nicely into look at strategy of nasdaq. not only do we provide the technology that serves our own markets here and in the nordic, but wheat provide technology to 90 markets around the world. and we are the number one provider of tre surveillance technology around the world, what we arthe rket infrastructure player. we are the premiere infrastructure player for the capital market. every market is looking to become more advanced. they are look at shoring up their post-trade capabilities, they are look at developing out of market data business and index business. they want to make sure they have the best protocols to bring in international investment. and they are look at infrastructure and what they should grow in-house and what they should look for partners to build for them. demand is terrific. it does dovetail in

here at nasdaq headquarters. we are here with adena friedman, she is ceo of nasdaq.ears. let me ask you about the fastest growing area of your business, market technology grew 18%. what's driving the growth? >> that dovetails nicely into look at strategy of nasdaq. not only do we provide the technology that serves our own markets here and in the nordic, but wheat provide technology to 90 markets around the world. and we are the number one provider of trade surveillance technology around the world, what we are the market infrastructure player. we are the premiere infrastructure player for the capital market. every market is looking to become more advanced. they are look at shoring up their post-trade capabilities, they are look at developing out of market data business and index business. they want to make sure they have the best protocols to bring in international investment. and they are look at infrastructure and what they should grow in-house and what they should look for partners to build for them. demand is terrific. it does dovetail into our strategy as well. m

nasdaq higher by 8. we will keep a close eye on the nasdaq throughout the day.pple hitting a record high now up 25% this year ahead of its highly an tess pated earnings report, which is die this afternoon. ju the nasdaq composite, a big mover of the overall index. quick note on treasuries, looking at where the bond market is trading now. when headlines began to cross about the 4.3% reading in the gdp model forecast we saw a sharp drop in treasuries and gold. ten-year note yielding 2.33%. >> yesterday, as you said, a tech-driven day. the dow was positive most of the day. just slipped into negative territory by the end of the day. banks also outperformed. it was the boring sectors, utilities, telecoms that underperformed that meant the dow and s&p were behind the tech heavy nasdaq. in europe, most of asia was closed yesterday because of the may bank holiday. open again today. australia's central bank leaving rates unchanged. so the aussie dollar not really moving. in china, the cak s kshgcac sur to the weakest pace in seven months. also it showed manufacturing pmi

nasdaq down six. and gold, two of three trading days in today about that card up about two bucks. oil right now after getting big yesterday gained over 3% yesterday. it is up against excuses to the upside good 48.01 a barrel. lauren: shares of snap are plunging down over 20%. if you look at the price from the 1780s when just about the company's ipo price of 17 bucks a share. reported a loss of over $2 billion in its first earnings report. most of the loss came from stock-based compensation to executives at ipo time but snap came up short against its biggest rival facebook. reported 60 million daily active users. by comparison facebook at three times in the users in its first report as a public company. if you look at snap's revenue. not enough to cover the company's huge ipo expenses. trade to abercrombie and fitch tried to sell to survive. the troubled teen retailer said it hired investors look for potential buyers. express an american eagle outfitters may be interested. abercrombie has struggled in

therefore the nasdaq helping the nasdaq and all the averages today. shares of apple once again hitting a record high. they do report earnings today. investors are looking for $2.02 on $53 billion. at longbow research told our team that he thinks apple will produce enough to keep the stock going in the near-term. let's take a look at a stock that is plunging -- amg down 19% come on pace for its worst day since 2005. reallyss margin forecast weighing on those shares. 120 at the 1% away from a 20 month high. telecom technology leaving the advance. -- leading the advance. the longest stretch since may. a big week in france, and second round of the french presidential elections. everything you want to know about the eu but were afraid to ask on eu . in 90% probability looking at all those betting companies that macron will be the victor. penine le 40% for . that's the biggest political event of the week on the side of the atlantic. oil prices climbing. rising again, reaching the highest level in at least a decade. the rebounding oil prices failing to c

nasdaq nasdaq futures upgrade.mmodities closely. 46.4 new-paragraph down 3 cents right now. go down 2.5 a barrel. lauren: facebook has deleted accounts. the move is part of an attempt to dominate the spread of fakeness. facebook has also bought ads in several media outlets advising the public on how to spot false stories. the purge of accounts comes after questions were raised about the role fakeness may have played in the u.s. election. it's working with outside organizations to fact check and analyze content leading up to the election. nicole: coming up, oracle of omaha warned us that says beware is overreaching goals in the stock market. >> a public gets over excited about stocks at some point. >> gc that now? >> i don't excel. nicole: check innocuous stock market futures this morning. dow futures of 23. s&p futures up on nasdaq futures up to. boiled down a penny at two sessions in a row. old pulling back to .5 dollars. right now 12.24 triads. you are watching trends have been -- "fbn:am," youfirst look at morni

show the nasdaq.s now, record territory still, technology stocks, the faangs doing so well, so we're setting a record today again with any positive close on the nasdaq, stro stronger towards the close. there's twitter, which popped today on word that the cofounder biz stone is coming back to tcoy on a full-time basis. frankly, i'm showing the chart because i like to say biz stone. welcome back. wti, ever slightly a pullback from the big gapes seen in the last week as we now await the next group of inventory reports. it was last week's inventory report that showed a huge draw down, and we're right now at $48.60 as we wait for inventory reports. a slight pullback in yields on the ten-year as well, especially after the weaker than expected housing starts report came out, so we got back down to 232 last i saw, and that's where we are now. now, bob, awaiting the next retail earnings report, and we know how those go lately, this time urban outfitters. >> guess what's at a 52-week low today, urban outfitters

nasdaq futures up to.l prices jumping 2% as we noted an right in right now continuing to trend up half a percent. under pressure to boost profits as well as its top price for it reportedly slashing 10% of the workforce. nicole: shares it's not jumping a percent market especially since its ipo on news that big institutions such as goldman sachs of positions in the social media giant. lauren: boston celtics powered past the wizards advanced in hockey that pittsburgh penguin's beat the ottawa senators in game two of their series. nicole: good morning. 5:31 a.m. in new york. tuesday, may 16. we welcome you to "fbn:am," your first look at morning markets and breaking news. lauren: we begin with this breaking news this morning. the white house denied the washington report president trenchard had a classified information about isis with russia. the report claims the president revealed the information that the foreign minister and the russian ambassador to the u.s. last week. white house national security adviser

nasdaq up three. s&p futures are up one.the overnight action in europe, let's show you what happened. the nikkei pulled back from its highest level since back in 2015. south korea is closed today because the nation is holding a presidential election. there's the early action in europe. we will take you to seoul for that election in a few minutes. there's asia. the nikkei down a quarter percent. shanghai did rebound. it was flat, but that has been lower and has been one of the nervous points for global investors in recent weeks. copper, for instance, trading at the lowest level of 2017. iron ore prices taking a turn lower as people try to figure out what's going on in china, whether it's a clamp down by the government, deleveraging or something more worrisome going on in the economy. >> some action in the metals seemed like that like a de-leveraging or hedge fund trap, but now much more calm. oil putting together a couple days in a row of firmer action. trading between $45 and $50 a barrel. also some reports that investors, f

the nasdaq up. yesterday the dow was down a quarter percent. s&p and nasdaq down more.ooking at strong gains for the month as a whole led higher by tech. >> on a day that amazon broke 1,000, nasdaq 100 reached a high. >>> former national security adviser michael flynn will reportedly turn over some documents to the senate intelligence committee. that is among the top headlines. tracie potts joins us from washington now with the latest on that and what else we can expect today. good morning. >> reporter: we can expect to see congressional investigators going after some of those records that they wanted to see. the word is that flynn will turn over some of his personal documents, some documents subpoenaed from two of his companies from the senate intelligence committee. initially he took the fifth, now taking another look at this, he and his attorneys say there are some documents he's willing to turn over to the investigating committees. also michael cohen, president trump's long-time personal attorney and business attorney may testify if asked. koe whcohen says i have no

s&p and nasdaq in record territory.me on the floor of the new york stock exchange, steven grasso. familiar territory for us both. oil. >> oil. >> this is all happening without oil today. oil's down sharply. oil stocks are down. >> you know, we've been doing this without the oil stocks for a while now. >> yep. >> look at the dislocation whenever you look at the sub sector, look at the oil remaining in equities, looking up on the charts, they are the leading indicator as far as the underlying commodity. we've seen it in the past, the equities fall off a cliff and seen the commodity follow, and that's what we are seeing right now. you and i talked about this. could you ever paint a more bullish scenario for oil? opec extending cuts nine months. that was somewhat less. >> over 5% decline, though? >> well, you know, there's been a number of drawdowns, that have been bullish, and that's not done anything to boost it. we had the ipo, biggest ipo in history, that's not enough to do it, so there's something sick about the direct

the nasdaq again closing at a record high.gail doolittle has been all over it for us live from new york. break it down because i am losing count which stocks are at record highs. >> it is amazing. we are seeing a bullish run for the nasdaq putting in another set of records today. closing at a record high with lots of stocks behind it. what also stands out about the day is the divergence. the dow finished slightly down about 1% -- .1% on industrial weakness. technology keeps going. as for what did help the nasdaq achievement records, a lot of the usual suspects including amazon and microsoft. doesn doesn't -- apple report earnings after the bell. they will also be watching to see what the cash pile looks like. it could be close to a quarter $20. facebook does report after the bell on wednesday. investors are looking for 45% growth on the top and bottom line. both stocks closing at record highs as did amazon and microsoft. this is the story of not just the date of the year. 7259.take a look at we have the s&p 500 and the dow bot

the nasdaq down by 16.ay apple shares were picking up as we headed into the close, before they came out with the earnings. apple, as a dow component helps across the board with these things. that did boost things as we headed into the close. we'll talk more about apple shares and what happened after the bell. that's an indication of why you see things lower. overnight in asia, markets in japan,

adena: nasdaq is a global business.were the last successful cross order exchange that occurred back in 2008. we understand how to navigate those waters, but we are what we believe is a very global technology company today as a result of that and our ability to bring harmonization of technology globally with our exchange client today. adena, thank you so much for taking the time today. david, that was adena freeman. -- friedman. absolutely, erik schatzker, from the milken institute conference in beverly hills. "bloombergn markets," and exclusive interview with sit it out founder and ceo, ken griffin. with the founder and ceo of sit it out. this is bloomberg. ♪ . . grexit it is 2 p.m. in new york. david: welcome to bloomberg markets. julia: we are live at bloomberg world headquarters in new york. everlyg stories out of hills, washington and london. here are the top stories we are covering on bloomberg and around the world. president trump's with bloomberg, telling us he is actively considering breaking up wall street's bi

s&p and nasdaq closing record has coined a little bit right now. nasdaq futures and seven. dow futures down 39. cheryl: that's the u.s. story. we'll done 6.5% for the week. the market driver in the u.s. go down 5 cents. gold just barely higher. three dollars. nicole: comcast and charter communications will release a wireless communications that would allow companies to share information about wireless phone services and negotiate with phone, equipment and service providers. the deal prevents comcast and charter making major wireless deals without the other's consent for one year. rumors circulated about possible deals involving major telecom companies. comcast has 27% in the past year. charter shares at 47% in the past year. cheryl: we've got a lot coming out. stay with us because the oracle of omaha, warren buffett at the berkshire annual made in and comes out swinging against the plan for border attacks. >> yamagata companies in the end that gets hurt. the selected sales tax. cheryl: liz claman, more from omaha. you are watching "fbn:am," your first look at morning market

coming up. >>> nasdaq led markets higher 1%, nasdaq 100 as you can see.top is ctrip and lamb research, but names we know better like amazon, tesla, wnyy, netflix, and applied materials close behind losers like mondelez and -- >> mondelez with results tomorrow as well. president trump promising to protect the home interest rate deduction, but may double standard deductions, and that could have a negative impact on the housing sector. >> what's it mean? joining us, good opportunity, thank you very much for joining us. >>. >> thanks for having me. there's a lot of talk, not a lot of results yet. if some pull back on regulation, it's great for borrows in terms of lenders overall. >> so what i said about the standard deduction, the idea there is that if you double it, it makes it appealing, and if you itemize, you can't take the mortgage rate deduction, is that the idea? then that makes housing less desirable in this country? >> you know, the mortgage rate deduction only affects a certain percentage there, and it's not a driving factor to buy homes, broader th

nasdaq futures just turned positive. nasdaq outperformed for another week last week.hing higher for the fourth week in a row. dow and s&p were lower. just fractional. as we've been seeing. that's certainly been a pattern, low volatility, low move for markets. as for oil, it's rocketing higher. after a 3% move last week. wti is back up 49. up 2.5%. brent up 2.5%. this after a statement by the russian and saudi oil ministers saying they back further production cuts. it's something that the market probably knew and was anticipating coming but just having the energy ministers out there in this kind of official way giving the market a boost. >> and 3.5% gains as it was last year. just for the reason why futures half their gains this morning. europe lost a bit of ground in the last half hour. beef seen the uk, 100, german dax stepping back. germany is down .25. >>> united states is close to completing a series of arms deals with saudi arabia totaling $100 billion. this according to a white house official. president trump will visit riyadh later this week. the package could

stock markets futures for s&p, nasdaq down arrows dow futures down 10 s&p down 1 1/2 nasdaq futures downrising diesel engines to pass emissions tests those details, and in sports lebron james carries the cavaliers to third straight showdown with warriors, passes michael jordan on the way thriller in pittsburgh penguins beat senators overtime. >> 5:1 a.m. in new york may 26 heading into maerm welcome to sbnam latest breaking news. >> this morning, president donald trump attending a g-7 summit in sicily italy, he is expected to have a tough debate over trade, in climate change with g-7 leaders, this comes a day after the president put pressure on nato members to pay their fair share, blake burman live in italy, with the very latest, blake. . reporter: nicole good morning to you president trump on the grounds here in sicily for the start of g-7 summit will take place today, and tomorrow. already the president having a meeting this morning, with the jopz prime shinzo abe president trump commenting saying the issue of north korea, that those two will discuss. >> we will be discussing many thi

while the nasdaq is as v diversified as a market gets, the tech laden nasdaq has held firm near the highshe s&p was declining, the naz was trading sideways, so when the whole market got a lift late last month, the nasdaq ended up at much higher levels, to make a series of new highs, including one today. meanwhile the s&p still has nn' been able to clear the levels from last february. some are starting to think, maybe it doesn't have it. what makes this more impressive is that some of the tech houses that are popular, are also heavily weighted members of the s&p 500. in other words the stunning rally in the nasdaq are more than just about these high profile stocks, even though you see them den greated as being part of those groups, which begs the question, which groups are responsible for the recent outperformance? one of those is software, so why don't we chart software? look at this, just look how this chart compare toss the power shares qqq. that's in red, against the i shares north american tech software, igb and that's in green. the 500 has consistently -- strips out all the big finan

u.s..market features in xp and nasdaq futures at three.hat's a look at what is happening now. >> economic growth may be made. gdp 1% in the first quarter that the housing market seems to be heating up. existing home sales to rise by 3.5% in home prices are acted to rise 5% this year. joining us now, senior economist at wells fargo. a weak economy, weak gdp number, but housing seems to be growing. what's going on a bus or forecast? >> the gdp number was a head fake. the biggest cost was a big drop in heating and air-conditioning is because the weather was unseasonably warm in the northeast and midwest. housing grew solidly the first quarter and was up and contributed five tenths of a percentage point to a seven tenths percentage point increase in gdp growth. housing in many ways is just getting started. single-family starts are about where they would be in a typical recession. lauren: how'd we get to the upside? >> one of the things we need is better job growth. prevent drunk job growth the last 10 years. the quality hasn't been all that gr

tesla biggest drag on nasdaq. it became an ipo it is up more than 1000 percent. >>> here is anything you about tunnel vision. the company has the ability to give you a court side-view so you can watch your favorite basketball team or get front row seats to a concert without calling ticketmaster, waiting in line or spending thousands of dollars. next vr patented technology transports you live where the action is unfolding. virtual reality technology sets up multiple as have all the action and. the man giving the world best seat in the house, david cole joining us in a fox business exclusive. hi, david, good to see you. >> hi, thank you very much. liz: i am mores sieve technology is fascinating to us. we've been following since the very beginning. tells where you stand. you've been trying to make deals with the nba and nfl for a while now? >> we have been working with the nba and virtual revalty for three years. virtual reality. we have doing live programing through the regular season. we have deal with live nation

up about 2% for the week on the nasdaq. only the ftse 100 is in positive territory to end the week for the uk. holding on to just about a half percent of gains. around a half percent decline for germany and france. just shy of that. negative week and a negative friday for most of european trade. >> as for the broader market. ten-year treasury note yield has not budged that much. we were at these levels last friday, 2.24, 2.25. that's where we're sitting now. waiting on economic date to to confirm on whether the u.s. economy rebounded. a lot of those gdp estimates have moved down thanks to the advanced trade number and housing data. as for the u.s. dollar, it's also flat on the week. weaker against the euro this morning. 1.1222. the euro has been sitting higher than that 1.12. you are seeing notable strength in the yen. that's something to watch throughout the session, down almost 0.7%. perhaps helping gold rebound this morning up about a half percent. >> so general dollar weakness, but against the pound the pound sliding a

diverging from the nasdaq at record highs.ing to see how that divergence with investors looking for the risk of the nasdaq and the safety of the haven bonds. bloomberg television is taking a look at the tax reform this week. we are analyzing potential changes out of washington and what they could mean for businesses and individuals. a little other news going on today and joining me from capitol hill is sandy levin of michigan. a member of the house ways and means committee. get tax will absolutely reform, but we have to ask you about this kerfuffle or something a lot more important. mcmaster is giving a media briefing. he is sticking by the story that the washington post is incorrect in its premise. what is your reaction to what may or may not have happened last week? wasy: i thought the general is a sieve. it is another example of the president being a loose cannon and sometimes it is not clear when he is going to shoot or what he is going to shoot or where he is going to shoot and sometimes it hits the united states and i am

nasdaq futures at night team. lea: oil prices higher as investors expect oil producing companies to extend their output cut. we'll glorify 9 cents at $51.27 a barrel. gold higher by four bucks at 12.68 rants. nicole: coming outcome of the federal reserve indicated central bankers aren't in a hurry to raise interest rates but we'll still see unix acted rate hike next month. make sure you grab your umbrella today. whether on the way for a long memorial day weekend. janice dean will have your thursday forecast. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ you totaled your brandew car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™,

nasdaq down 1.for the early action in europe, also sort of an unchanged picture, but some of these markets -- >> quite a lot of data. >> a lot hovering at record highs. >> dax touched one yesterday. >> one source of strength has been the price of oil, surged 2% on top of a 3% gain last week. it continues to rally this morning. there's wti, hovering back towards that $50 level. brent crude, 52.13, up 0.6%. you have that supportive commentary from energy ministers from saudi and russia. and goldman sachs put out a note saying that just increases the chances that other members will follow suit when it comes to cutting production. >> i think the slightly bullish tone of the eia report saying despite the fact we have seen high levels of inventory, we are seeing that rebalancing. that's another factor why we are getting 0.7% of gains for oil prices today. coming off 2% of gains yesterday. 3.5% of gains last week. >>> there a developing story, federal investigators will be at the site of yesterday's jet cr

s&p down 3, nasdaq down 8. ten-year treasury note yield, yields pulled back yet, 2.40, bang-on 2.40 for the ten-year yield. maybe a bit of buying. we'll see what the mood is like. >> the yield ticked up over the course of the week. started around 2.33. >> new zealand's central bank holding interest rates steady. that was slightly unexpected to see the kiwi fall a bit. markets across asia, slight gains. a third of a percent for japan and shanghai. hong kong up a half percent. we have seen softness in iron ore and coal prices come through which hurt australian trade. it hurt the shanghai comp earlier. but that recovered by the close. european trade mixed to down today. a relatively positive week. half a percent higher for the week coming into today. the ftse just below flat but slight gains in germany and france. >>> we mentioned oil popped more than 3% yesterday after that crude inventory data out of the u.s. bigger draw down than expected. also goldman sachs cut its dollar forecast by more than half. the firm c

the nasdaq added 44 to a new high. the s&p 500 gained four. >>> sue, apple shares are up more than 26% this year, and they have, of course, helped power the nasdaq so far. and tomorrow, the world's most valuable publicly traded company will report earnings. historically, this is the quarter when apple typically announces its annual dividend hike. last year, apple paid out the most in the tech sector by far. followed by microsoft and ibm. so how should dividends figure into your technology stick picking strategy? kim forrest is a portfolio manager at ft. pelt capital and joins us now. good to have you with us, kim. i've always thought of the tech stocks fundamentally as growth stocks like apple, even microsoft and others. are they different now? are they yield stocks? are they income stocks? or are they still growth with a little sweetener? >> i think they're that -- the last one, growth with a little sweetener. and i'll tell you why. i think their shares trade with too much variation. the volatility is too high for the

nasdaq turning green as well, making another brand new record close for nasdaq. i'm david asman.s. this is "after the bell." we have you covered on all the big market movers but first here is what else we have at this hour. america's most valuable company you out with results this hour. what will apple do with a expected quarter of a trillion dollars in cash, a quarter of a trillion, wow. are people still shelling out their money for new iphones?

any gain in 17 minutes for nasdaq would be the fourth record in a row.ing right back we have charlie gasparino. ♪ liz: 13 minutes before the closing bell ring. even some of president trump's supporters on wall street and connecticut, which by the way is the hedge fund capital of the world are speaking out against his firing of fbi director james comey. usually very quiet billionaire ray dowdy of bridgewater, supporting president trump comparing him to margaret thatcher and ronald reagan is singing a different tune. in a rare tweet, he said of comey is a man of high principles operating in a low principles environment. heros typically get crucified and martyred in the end. he did. alio went on to say that comey he deserves thanks instead of scorn. >> full disclosure. comey used to be the general counsel for bridgewater. liz: we knew that. >> right. liz: the fact that ray dalioo was sported president trump would raise the animal spirits. >> they are friends. i agree to that with certain extent. the tell whether he loses his money backing will be, will be c

nasdaq futures down five. lauren: thank you, nicole peered washington d.c.or the reaction to the firing of james comey. rick jenkins there. good to see you. this is a surprise? >> loreena nicole, good morning. the president's bombshell filing of fbi director james comey received or the authority of loretta lynch in the clique meme investigation. the decision coming swiftly after deputy attorney brad rubenstein. became the end of the conclusion of the investigation secretary put in females than i do not understand his refusal to accept the judgment that he was mistaken. in a separate letter, to call me from president trump, telling the director his dismissal was necessary to destroy the trust and confidence of the public. democrats reaction as you might ask on our bridge. question at the time incarnate nixonian in demanding a special prosecutor be appointed on the probe. senate minority leader chuck schumer called it a mistake. >> earlier this afternoon, president trump called me and informed me he was firing director called me -- comey. i said mr. president,

nasdaq futures are down 22.saw this move lower for stocks following the dollar after the reports surfaced that there has been a memo sent by former fbi director james comey that does reveal president trump asking him to consider dropping the investigation of mike flynn. you are seeing a bid for safety across the board. dollar is weaker against the euro and yen. more than a half percent move there. the ten-year treasury note yield slips below 2.30. buying of treasuries and gold this morning pushing yields lower. no major economic reports of note. earnings from target and cisco later this afternoon. >>> a record number of people are flying making it harder for people to cash in their frequent flyer miles. reward seats available on 72% of flights, down from 76%. more seats on southwest, fewer seats on long-haul flights, flown by legacy carriers. i can't believe it's over 70% either way. feels like 10% ever at best. >> i agree. >>> when we come back, the new report rattling washington. the memo by the fired fbi dire

the nasdaq did hit a record high. today the downward action nasdaq futures down 25. oil is thicker this morning trading at 40 $8.53 a barrel done a quarter 1%. concerns that oversupply even if we do see a continuation of production cuts mainly from opec of nine bucks today. three quarters of 1%. trade to the dollar completely erase the puppet received from the election. the other currencies such as began come as began come a euro the u.k. pound. >> the yield on the ten-year treasury note to .29%. nicole: ceo of jpmorgan chase taken a donald trump. the annual shareholder meeting yesterday criticizing jamie dimon for supporting the industry should ask if he plans to step down from terms sufficed to counsel. dimon saying he would not have the group dining u.s. businesses and the government need to work together to solve the major issues facing the country. shares of jpmorgan up 1.5%. trade for the discount retailer boosted its first-quarter earnings before the market opens. they've issued a path for the size of the lower prices. to compete with companies including wal-m

the s&p 500 relative to the nasdaq. we see that the nasdaq is leading both of those indexes.specialist here says that is the most 1999 and 2000. that big tech bubble. is that worrying for you or healthy? guest: i think it is healthy and a leader. if you look further back, it is up 40% from those lows. let's look at it in facebook, apple and google. they've done very well and they are making new highs once again today. abigail: using tech can lead us this year. i'm looking for the s&p to play a little catch up here. even though we have seen new vix lows, that is important. low double digits is a big deal since we were up eckstein just a couple of weeks ago. a typical whack-a-mole of explosion, getting smacked down. we've seen this time and time again. for the s&p when it gets above that 2400 high. abigail: you have been bullish and i love that you are pulling back that single-digit. what is the one thing that worries you? guest: i have a lot of worries but i look at price action to dissipate some of those concerns. the fact that the market is hanging up and crude oil with all

the nasdaq up. the dow just just let than 2%. s&p up 1.5.he month of april's performance, the nasdaq was the best up over 2%. the others more like 1%. the story of last week, as opposed to last month with the performance of tech up 4% for the week. that was a part of intel that pointed, last week was under performance of oil. and we saw friday exxon and chevron extend the slide in terms of the energy sector performance. let's have a look at the ten-year treasury note. in and around 3%. jumped monday on the back of the french election results which slipped slowly but surely to the week. >> then the runoff this weekend as well. and the it will be interesting. let's get to the global markets and market picture. most european markets are closed for may day. includes china, hong kong, south korea. japan were the only major ones open. and we're looking at gains in australia, also in japan really based on better earnings from technology firms. japan offered the bank earnings kicked you have down under. >> let's look at the markets, warning risks up

nasdaq teachers up side.re watching "fbn:am," your first look at morning markets and breaking news. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. nicole: breaking news this morning at a massive global cyberattack could have 100,000 organizations had 150 countries as to get worse this morning. we will tell you why. good morning. i'm nicole petallides. lauren: good morning. i'm trained for. present journal child wages the fbi but the missile that can carry nuclear warheads are the latest on both of the stories. trench of the dow fell half a percent last week. the marketer or retail stocks. more this week with target, home dep

nasdaq futures are up 3 points for their sake. nasdaq, the star performer technology.s for the ten-year treasury note yield, seeing low yields across the board. saw that again in last week's session. buying of treasuries sending the ten-year down to 2.24. the big report is the jobs report on friday. two weeks to go until the next fed meeting. let's see what the data shows between now and then. >> surprising you're saying hard to remember what happened on friday. you're suggesting in vegas you were not just studying the market moves of last week? >> when you go to vegas and a three-hour difference and come back, it prolongs the weekend. you were in california, you should know that. >> but i just stayed focused on the markets. let's look at what's happening around the rest of the world. in asia, china markets closed for the dragon boat festival holiday. elsewhere, mixed performance. indonesia for you at the bottom down 0.3. australia slightly higher. japan flat. last week decent performance out of hong kong, saw 2% of gains. china and japan more flat compared to these ga

you have the nasdaq composite in white. both of them outperforming by a considerable margin of the s&p. both of them up 19%. the s&p up 8%. the dow of by 6.5%. technology has been the out performer appeared what is doing well in the nasdaq 100? bag of stocks not being driven by fundamental news, but .he upswing intact generally comcast is rising. it lost a couple of court cases a couple in and won the same suite of cases. stocks.atching telecom they were upgraded to neutral sell. relatively, still a hold, but a little better. this is by a longtime telecom analyst. he said expectations are appropriately low for the telecom industry following initial unrealistic expectations after the election. outside the world of stocks, oil are 1% as oil traders waiting to see what effect the extension of opec cuts will have. the dollar, very little change. 4/10 down a little, fo of 1%. increase, a good time for a consumer comeback in the second quarter. the next guest believes the u.s. continues its expansion. those looking for quick refo

nasdaq futures down 1.eresting that stocks last week were strong in the face of very weak oil prices. the dollar was a bit weaker as well. some of the correlations that you've been talking about breaking down a bit. there are concerns in asia about growth. so far u.s. stocks. >> reporter: resilient. >> yeah, last week, not huge gains but nine out of the 11 esectors as well. and just looking at that performance in france, not just last week, since the french market was up over 7% by friday's close. hence, we're picking up a little bit of that ground this morning despite the resounding victory from emanual macron. in asia, trade coming in weaker. we're seeing soft trade off of shanghai. 8% and expected to grow 12%. imports. also disappointed, on the capital side, the foreign exchange side we did see reserves stay up for the third month in a row. at least a sign, propping up the currency issue, the chinese not needing to spend as much reserves as they have in the past. asian trade mostly holds. japan up after

nasdaq is positive.ive for the s&p or nasdaq would be a new high. >>> president trump putting fear in the pharmacy industry and new commissioner may be ready to move on that front. details next. >>> meantime, memorial day's the unofficial start of summer, so to ring in the holiday weekend, david returned to offer his take on where the market is moving as the dog days approach. >>> welcome back, president trump made no secret of his destain for high drug prices campaigning for the white house, and the commissioner is preparing to move on plans to tackle rising costs. meg is here with how. >> kelly, the faa typically distances itself from questions on pricing. the new commissioner is diving right in. here he is speaking yesterday to a house subcommittee. >> simply put, too many parties are priced out of medicines they need, and while it's not playing a direct role in drug pricing, we can facilitate lower cost alternatives to the market and increase competition. >> the commissioner said he intends to unveil

the nasdaq continuing to outperform.hatng about this idea tech is contributing disproportionately to the gains that we have seen. this chart is a look at the nasdaq versus the s&p 500 and the s&p 500 equal weighted index. this is since the election. it has had these -- the nasdaq has had these runaway gains versus the s&p 500. the s&p straight up is the blue. it is not just tech that is doing well, but it is a pretty broad basket. 500t two thirds of the s&p is higher in that point of time. what about today? it is a lot of tech. apple is trading at a record. amazon set a record as it rolls out its new echo device. bank of america rallying along with yields going higher. marriott out with earnings and its shares already record, as well -- are at a record, as well. the forecast for that looking pretty strong for marriott. even though the russell 2000 is not maintaining records, we have some strong cap earnings. the online furniture and home deke or retailer, shares up 21%. tech companies loss was -- that company's loss was

but really it's about size here at the nasdaq.u talk about impact, what has been moving this market towards all time highs. it's the biggest -- big cap techs. facebook, alphabet, amazon, of course. they represent 60% of the nasdaq 100s gains year to date. and nearly 40% of the s&p 500's gains so far this year. back to you. >> a big part of the story. thank you. let's head out to the bond pits, rick santelli at the cme group in chicago. >> good morning, sa ra. you know, there hasn't been a lot of volatility with rates but that doesn't mean there's not good activity and that you shouldn't pay attention. it's at a level that's barely hanging on with respect to what traders think could bring in more buying, maybe reversing the short positions. look at a one week chart of tens and we were affected by the minutes. but all in all, if you look at tens were down two on the day. we're up one on the week. if you look at the twos, we're up a couple on the week. not far from unchanged both on the weekly and on a daily basis. look at the april

seeing same selloff on s&p and nasdaq.he big juggernaut of the exchanges recently. as you can see nasdaq is down 2% now but with all the tech names and big tech driving that index it has been quite a ride. also the s&p down 1 1/2% reflecting selling going on today. let's get back to the floor show if we can. traders at new york stock exchange and cme group. let's get to matt cheslock. matt, i spoke to scott earlier saying look, i'm surprised this hasn't happened earlier but take as memo involving jim comey to finally pull the plug on the dam if you like but how far does this go? >> that is a good question. i'm interested to see how we start tomorrow morning. the damage has been done. the witch-hunt is on. that is basically what it is. the market is finally reacting to it. we've seen the head fakes last couple weeks and done nothing. we're focused on earnings, pro-growth, things like that and they were pretty solid. the data has been kind of soft as we've gone in now this on top of it? it's a little bit alarming. this is 1%

that i know the rally on the nasdaq. i this three stocks that under performed to play the ongoing rally. let's start with the big boy microsoft. we are staring at a weekly chart. this is the relative performance of microsoft from the lows in march of 2009 and you can see, you've under performed the triple q etf by 75%. that's remarkable for a quality company like microsoft. we zoom in and look at that chart, on an absolute basis, we bring up that microsoft chart if we can. there we go. we got that microsoft slow and steady wins the race. that's the 50-day moving average. you want to be long, stay long and get longer microsoft. here's another great way to play it. we're going to get a little sassy here. we will look at a young gun work day here. yes, the stock is up over 40%ier-to-date. you are saying, how is it under performing? you go back over three years the stocks trail that triple q etf by over 40%. now when we zoom in, absolutely. we look at a stock chart of work day, look at this textbook breakout. big base of sup

nasdaq stock exchange.rg. ♪ word it is time for first news. russian president vladimir putin said the main source of the worldwide cyber attacks is with the u.s. intelligence community. reporters in beijing, president putin said "microsoft leadership has put it straight in stating that u.s. intelligence services had created the means for the attack and said that russia was not involved." his comments came after the president of microsoft blamed u.s. intelligence agencies for stock filing software code that can be used by hackers. began as in greece four-day debate today on whether to approve a new package of spending cuts. the package would extend the number of years reits have lived under austerity. ece have lived under austerity. german chancellor angela merkel's party won a decisive election victory

the nasdaq down by 16.esterday apple shares were picking up as we headed into the close, before they came out with the earnings. apple, as a dow component helps across the board with these things. that did boost things as we headed into the close. we'll talk more about apple shares and what happened after the bell. that's an indication of why you see things lower. overnight in asia, markets in japan, hong kong and south korea were closed for holidays. in the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. ftse is also down. crude oil yesterday down, and down once again as pumping in libya and the united states more than made up some of the cutbacks. we closed below $48 yesterday. right now 48.04. >> on today's agenda the fed concluding its two-day meeting with a statement at 2:00 p.m. eastern time. the central bank expected to hold rates steady. investors looking for hints th

it helped of the nasdaq rise of third week in a row.ome of the best weeks since november of last year. they posted a solid march quarter, beating estimates by 1.5%. there drug numbers were good enough. that stock went up quite nicely on those results. another winner, a software company. they are saying some of the bidders, could include bain and carlyle. they have a $23 billion market cap. they may not choose to sell themselves that all three of but it shot up higher on the week around as big investors. the possibility they may by cit rix. and analyst said it has to do with a report out of europe suggesting demand for travel is very strong. interesting, on the day the stocks were down as hotels say they will fight the monopoly these two online travel agencies have formed. it'll be interesting to see how that lays out. emily: we saw moves on the back of apple earnings, where did we end up? abigail: another record for apple. they put up a march quarter that was disappointing. they beat on earnings, missed on revenues. they are getting a p