sector are very elevated and back where they were late 2021 before we had the big selloff in the nasdaq nvidia for 20 times plus current year sales estimate which is the highest in the s&p 500 and as he pointed out the company is just counting a lot of growth and they have to sell a lot of microprocessors to basically justify what the stock was right now and you saw a reversal today and the stock that hit a new high in reverse today about 5% lower it'll be interesting to see a peak in nvidia right now. there are other areas that you might want to be wary of in the stock market even outside of the technology sector. >> like costco it is a favorite stock a great company and extremely well-run and a customer base but around 45 times on estimated burnings apple backup five or 6% on friday. >> the big tech stocks the apple enough about the bible alphabet is trading below market multiple, these earnings are concerned about the threat of a.i. and the surge business but a great company that will be paying a dividend later this year end about 20 times earnings and is looking pretty good right now, i th

we're down on the nasdaq, but that may be in large part because of nvidia. down 100 points at this stage. david nicholas watching the market for us this morning. david -- [laughter] are you trying to persuade me to buy an airline stock? because you're touting delta very heavily, and i've never bought an airline stock in 20 years. >> stuart, before you roll your eyes about another unprofitable airline, i think delta -- this is an atlanta-based company -- is one of the most undervalue ised, underrated airlines in the sky today. the first numbers to report next month, but with a 5% operating mar jinx or they may be the only profitable airline in america today went we get earnings next quarter because manager's happening in the economy. this happened post-covid. spending on travel is growing at 2-3% above gdp. and what that shows us is, stuart, americans are placing a premium on travel. i think this trend continues, and i think delta is the beneficiary of this extra spend. stuart, it's a buy for me. stuart: wait a second. what is delta doing so right that the ot

the fact that the nasdaq and nvidia are near all-time highs, i'm a contrarian.king for things that are off the radar screen, things people aren't talking about day after day after day. that's that i'm focusing on. stuart: and you have brought with you the goes got you can investment of the week, an etf for africa. i've not seen this before. explain if it. >> yeah. turns out it's not just a song is, stuart. did you know that? there's actually a continent -- stuart: used to live there, actually. >> that's fascinating. you probably know more than anyone, this is a really troubled place on earth, stuart. the most extreme poverty of anywhere on earth, and it's been like that for decades. when i look at africa as a continent, i see opportunity. any place capitalism has even been just try, you see prosperity follow. you saw the same thing in china, small, tiny movements in the '90s and 2000s brought prosperity. a a fk focuses on probably the most exotic of locales, african stocks, and i think it's a buy. stuart: afk. africa. i've not heard that one before, but, jonatha

nasdaq up .75%. nvidiaetting relief and meta and alphabet all higher. amazon too and tesla. it's one of those broader rallies. let's look at treasuries right now. it was a bond bullish number and yields a little bit lower on the 10-year down to 4%. the 2-year note yield to 4.46. we'll talking about it. 30 minutes into the trading session. here are three movers we're watching. what a wild ride for dock sue sign, rallying after blowing past earnings and revenue estimates and offering strang guidance for the quarter driven by strength in enterprise and small business customers. mongodb going other way after guidance lighter than expected due to weaker demand for the company's cloud computing products. watch costco, the retailer missing holiday revenue expectations death despite growth in sales and e-commerce. customers spent more on their shopping trips during the quarter and sporting goods and gardening will have lower prices due to falling crate and commodity costs. let's dig into the payrolls report because

yesterday, nasdaq futures pointing lower the last time i checked. nvidiahe gains of yesterday. the broader picture is, take a step back, do an aggregate count of the nasdaq composite, now 27 .5 trillion u.s. dollars. that is larger than the totality of the u.s. economy. for some, that will prove an argument around the stretch valuations, arguably the stretch valuations of big tech names. just in terms of the size and scale, that is what you saw. we saw it again, 2021 in terms of the growth data -- in totality. the nasdaq composite 27.5 trillion. let's flip the board and have a look. we have live pictures from tokyo. we are listening again, governor ojeda has been giving comments. the last time i checked around 140 eight. expectations that if they don't go in april, they could go in march. they are readjusting to the markets because wage data has been stronger, inflation, they said they will continue to buy a jgb's. he said we are gradually slowly getting closer to that point. there is putting more coming up. look ahead to the policy decision followed by ch

nvidia leading the charge, to that 240 plus gain for the nasdaq, the stock, was up bettery after the semiconductor index down two days prior worse less than more than two months nvidia up again another fraction extending yesterday's 7% gain piper sandler chief global economist, i want to start on ai boom you said this ai boom is slowing down,, construction, tell us more. >> so we do expect capital spending ai related hardware strong increasing about 20% companies starting to cut back on other couple expenditures the chip, demand construction of factors at the same time a surge in the cost of buying equipment for those face,, cost of construction so now you are actually seeing companies counseled and or slowdown the development of some factory projects announced a couple years ago, so real bifurcation within capital spending passed by u.s. attorney unfortunately ai related capex only 10% of capex not enough to alter overall picture from gdp perspective is we and a slight decline in capex commercial real estate continues under a lot of pressure, construction or not, office b

nasdaq. gaining 1.5% yesterday. nvidia gaining 3% in the pre-market trading picture.f we continue just on the semiconductor story, broad dcom expects $10 billion of revenue on chips this year, but issued a forecast to investors sending shares lower in pre-market. 7% weaker so far. the tech giant said 70% of chip sales come from two clients. google and meta. >>> we are headed to the non-farm payroll numbers. lseg suggesting 200,000 is the number to look out for here. the market believes it could be higher. what will happen to the market picture and how long strength is there left in the u.s. economy? we head toward that in just a moment. thank you for watching "street signs." i'm arabile gumede. we're back in a few weeks time. join us then. "worldwide exchange" is up next. it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to find

to the downside though one reason we have the nasdaq 100 dragging is nvidia down 2.5%.nk it's that robust rally some of that strength coming off the froth summer talking about and that may be the case right now about 1.4%. when we put this together with the nasdaq 100 the technicals this chart really appears as though it is bearish. we have looked at this before and now it is starting to do something you do not want a chart to do. you can see the nasdaq 100 daily chart widely trading. here's the big rally out of the october trend. not quite parabolic but steep. why using a trendline -- you can see that when the trend is breaking, that's happening here. the nasdaq 100 going into a sideways trend suggesting we could see some downside ahead. another reason to believe that, look at this bearish divergence across the board. that momentum indicator a series of lower highs telling you the recent ones are spot on less enthusiasm than last year. it's not a good situation. this chart does suggest that maybe some of this froth many people are talking about could come out at some p

seven around 2% and index we have at bloomberg overnight so twice the gains we saw for the nasdaq and we saw nvidia unveil a new processor so it is the successor to an earlier one that already sparked intrigue and the sales, a lot of focus on that name but today in the session so far big tech a little weaker haidi. haidi: coming up, jpmorgan chase securities. but first, more on evergrande accused of falsely inflating revenue in the years leading up to their failure. details next. this is bloomberg. ♪ >> this is hopper. hopper changed the world. this is blackrock -- this is blackwell. annabelle: the nvidia ceo showing off the firm's new ships. -- chips. the blackwell is the successor to the hopper. let's bring in our analyst who believes the new ships will dry -- chips will draw more business. there is so much competition in the space. you have the h 100 but also the likes of amd, alphabet, amazon, intel. how much further is this one ahead of the pack? >> significantly widens an already wide performance gap nvidia has versus their peers. they are trying to divert [indiscernible] and this time the co

the nasdaq slightly weaker nvidia, disappointed the tech crowd by not. it disappoints. they did everything. they're supposed to socks just up 200 plus percent of last 52 i'm ty expectations were met yesterday with ad developers conference in san jose where they should a lot of ai future from robots to cars to new types of memory. types of hardware. but again, people are a little underwhelmed because it built in. tomorrow we get the federal reserve talk about what are called the dot plots show us how many more times they're going to cut interest rates in for cut 9 so far expectations for 3, they say, too. markets might sell off. they say 3 markets might rally. but, you know, i see this is a healthy digestion period. and on wall we should be making new highs every day to 7 out of 10 years which make the highs. more on track for that. >> okay. all right. and i find interesting, too, this morning because a lot of the exit, this of california in terms of people leaving the state, they were going to 2 places like austin, texas, but i'm seeing this morning at the housing marke

in on the overall market, the dow is doing well but the s&p and nasdaq are being held back by weakness in technology stocks. notably, nvidia come back, nasdaq only down cts e owotr d most of the he seorargrn. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire by itself. it is so insanely fast. the computer can write its own software and we call that artificial intelligence. >> and that's the case, why do we still need us? >> we still have to guide the software. we have to create the algorithms such that the computer can go write software. and that algorithm is called deep learning. yeah, it's really quite a remarkable thing that happened in the last 12 years. >> if we ask it questions, inference, it speaks our language? >> if you ask it a question, it not only recognizes the wordses but it understands the meaning. >> nuance? >> oh, sure. >> that was nvidia ceo jensen hueng with jim cramer. we can still do the algorithm. >> he was very casua

nasdaq futures helped by alphabet and nvidia. context is european stocks hitting european highs.in focus. down 1/10 of a percent versus the u.s. dollar. 459, after money moved into u.s. treasuries on the back of the fed decision. setting up oil for the third month of gains. after gains of 8% last week, down 2/10 of 1%. let's get the context around the terrorist attack in the suburbs on the outskirts of moscow. putin insists ukraine was involved despite the islamic claiming responsibility. i'm joined by a visiting fellow at the australian national university. first of all, where you think this leaves the russian president. did the kremlin take their eyes off the ball? >> it seems russian securities services have been so focused on internal this and following the death of alexi navalny and they have missed and isis attack that they were warned about as early as march 7. putin responded this was an attempt to threaten russia. tom: it seems there is very little evidence. is that credible that ukrainians played any role? >> i do not think it is credible. there is an active front line

salesforce, intel, disney, amazon all on the upside s&p 500 for love winners alphabet, nvidia, pepsi, kla, nasdaqte committee of the big names alphabet, pepsi, kls, ten year treasury yields have been going about the. your way above four and a quarter percent, 431 that is not stopping the nasdaq. the price of gold, $2159 an ounce, bitcoin 68000 and change, 685. oil has cost $81 a barrel, 8151 not gas below $2, 173. average price per gallon of regular is getting close to 350, 346 as we speak not much change for diesel 4.02. it is been four years since the start of the covid pandemic. a new report blast the government's response and issued a warning not to repeat the mistakes of the past we will dive into the lessons learned with doctor marc siegel, donald trump called on benjamin netanyahu to end the war in gaza. the first time he made that c call. kt mcfarland reacts. stephen moore calling out president biden over the magical thinking on taxes. if biden gets all the tax increases that he wants what is the impact on the economy, presumably not good stephen moore has not next. ♪ ♪ you were always so

take a look at futures we are expecting a gain start of trading pretty good nasdaq up 2121 points ahead of nvidia'sderway this week, a lot of ai spots on fire nasdaq up better than 1% right now dow industrials also going into positive territory, now up 80 points take a look at interest rates meanwhile, 10-year treasury yield this morning, sitting on level 4.3%. it has been moving higher. going into the two day monetary policy meeting begins tomorrow fed likely to leave interest rates unchanged fifth executive meeting we will hear from jay powell wednesday we will see what he says about the possibility of lower rates we are also hearing from bank of japan tomorrow bank of england thursday central banks globally with news this week joining me to get a i heeded trendmacro chief investment strategist don luskin great to see you. thank you for being here i got to play you a sound bite from jim grant, i was with jim grant last week i don't know if you saw what he said he is not buying a rate cut anytime soon he told me, that he would not even be surprised if the fed decided it might have to raise interes

nasdaq futures back about 18,000. at the rally foreign nvidia was pronounced after softness for that stock up .3 or 4% for nasdaq futures. we had a response is coming through from fed officials. atlanta fed president raphael bostic say he thinks a cut could be coming in the summer. >> i am of the view it will probably be appropriate if things go the way i expect for us to start reducing rates in the summertime. tom: treasuries flight in the session today after the rally yesterday on the back of the inflation print. 10 year at 425. they get in focus grabbing our attention after the governor ueda came out and set the target for the boj is not get inside, pushing back on one of his officials who suggested the picture was becoming clearer. ueda is giving a self optionality, but you were getting weakness in the japanese yen today. gold remains above $2000 per ounce and bitcoin still above 61,000 just down .3 of 1%. let's cross arbiter asia with avril hong standing by in singapore. what is sending up to you? avril: china, japan, but also the u.s., at

nasdaq. on the desk tonight -- bonawyn eye sonson, karen finerman, dan nathan, and guy adami. >>> ceo jensen huang of nvidia speaking right now. he's announced new partnerships and unveiled a new gpu. shares up 5% earlier in the day, but closed up less than a percent, currently trading down by a quarter of a percent. kristina partsinevelos joins us now with the very latest. kristie anyway? >> nvidia's ceo reiterating we are just at the tipping point for a.i., and all that means is that you're going to need bigger gpus. nvidia revealing its new generation artificial intelligence platform. key word platform there, to run a.i. models. they are calling it blackwell, and it comes with the blackwell bh-200 gpu, the graphics processing unit, the latest one we've been waiting to hear about. it's going to be four times the training performance of the h-100. 25 times lower in energy use and 30 times the inferencing power, compared to the previous hopper architecture, or the h-100 chip that we've all talked about constantly. inferencing is a big driver. the fact they're mentioning that, we know just in the last earnin

we should point out nasdaq is doing well and nvidia is doing well. we were to see read it take a dive, that has not materialized. we are keeping a close eye, the only average it is up, with records from all three yesterday. stay with us. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you rel

nasdaq was down 3%. we are not in nosebleed territory yet. ed: the differences the contribution from nvidia, at $927 a share. stock split? stock split nvidia? nancy: please. ed: you would favor that? would you go for it? nancy: they have done it before, so it is likely. it would be great if broadcom split as well and some of these stocks that trade at high levels. it makes it harder to manage them in portfolios. we will take what we get, griffith -- dividend increases, share buybacks, whatever it takes to drive the price higher. caroline: and you care about the retail investor, you have been writing books for them and we have an actively managed to etf -- managed etf coming your way. what is your edge, nancy? where do you want to be offering to this clientele? nancy: this strategy is different from what you would normally think of as an equity income portfolio. there is no electric utility, but we buy what i call fallen angel growth stocks. we do a lot of research, because everyone knows the problem when the stocks are out-of-favor. we have our own proprietary research model and metrics, an

soccer on the nasdaq 100, down by 0.1%. nvidian by 0.8% after the wild swings of friday's session. positive earlier by 1.5%. lisa: how many notes were there over the weekend where people were saying this is the signal of the beginning of the end of the magnificent seven? the splintering will continue in this will be the next downtrend because people are getting nervous. we have said this before. there is this exhaustio coming in with this new trading activity. jonathan: cannot blame the bond market. yields were lower. this morning, little bit higher, up by three basis points. unchanged on the 10-year. the data this week will inform the federal reserve decision. the chairman wants more data. he will get more data and evidence through the week. i want to talk about another central decision, the boj in the next week. dollar-yen. we have had five days of yen strength. dollar-yen negative again. story after story suggesting they are ready to hike interest rates for the first time since 2007. lisa: the biggest surprise may not be whethe

further the dow industrials down about 160 points of the opening bell, s&p done 20, nasdaq and 95 take a look at nvidia, it is down this morning five hoppers on friday and down another 1% as of this monday, interest rates are steep but lower levels the yield on the ten year moving up a bit 4.08%, the two-year is now under 4.5%. it just ticked about 4.5%, 451 right now. politics, biden apologizes to the undocumented community for using the word illegal to describe the alleged killer of lake and brightly, he went on to suggest that the migrants builte was confusing you illegal illegal migration, the president changed his tune he is calling for cease-fire in gaza and seems to be responding to domestic politics, he cannot win in november if he loses a muslim, arab-american progressive votes, they demand the cease-fire and biden obliges. on the show a measles outbreak among migrants at shelters in chicago, this highlights the problem of unvaccinated children crossing the border and attending schools across the country, the oscars, oppenheimer one big but barbie did not, propel the steady demonstrators block

>> bots, the robotics and -- etf is outperforming the nasdaq year to date it has nvidia, a 9% holdingsurgical, smc court. global x also has another offering a iq which has your more traditional ai linked names, nvidia, meta, netflix, oracle, qualcomm. you have to look under the hood when you're picking out an etf because some of them have different names and waits. katie: what differentiates these different ai etf's because there's quite a handful of them? >> some of them are more diversified, a iq has a lot more names, some of them to have just a 2%. depending on the s&p 500 exposure because that has a holding to nvidia will determine which one you pick in summer linked to these chip names or robotic place like intuitive surgical. katie: tune into etf iq every monday at 12:00 p.m. that's hosted by me and eric out tunis. was take a quick look at the stocks. let's start off with valero it was raised to abide from bank of america up 4%. bank of america sees upcoming catalyst to lift shares higher and you can see investors heating that. on the other end we see mars with the 52 week low.

we know that nvidia is about a 5% weight in the broader s&p 500. slightly more in the nasdaq 100. share of the qqqs is roughly about a 6% weighting there. if you look at the semiconductor etf up 80%, riding some of that nvidia wave, that smh is roughly 27% weighted towards nvidia shares. as nvidia goes up or down, these are some of the etfs that have a little bit more range in terms of the ripple effects there. keep an eye on that. as for where the analysts are on this stock, we've spoken to folks who talk about the technical aspect. from the fundamental side it is 90% buy rated. 10% hold. right now the average price is just a little bit above where the stock is trading right now, so from a fundamental aspect unless people really start wholesale upping target prices is the stock fairly valued. by the way, one other part of that story, cnbc pro subscribers can head to cnbc pro.com and check out this particular story. jeff degraaf at renaissance macro thinks we could be stalled and stuck in a trading range for some time. as this bull/bear debate plays out it is still very much a mom

nvidia controls the nasdaq and the nasdaq controls the s&p. the economy is controlled by the fed.t stocks doing ok in the face of these interest rate cuts. gdp being a whole lot stronger. why would stocks tank even without the rate cuts? could you retain that bullish view regardless of what the federal reserve is up to? michael: nominal gdp is about 5.5%. on the others, triple be yields are exactly where the fed are. it is a favorable operating environment for corporate america. jonathan: what do you like right now with that in mind? michael: i like there is some life in the economic stuff because the economy is ok, that stuff should really be rewarded. energy has had a pretty lousy 12-18 months. it doesn't feel like a good start to the year. it is starting to look ok. lisa: the rally last week, energy stocks rallied tremendously. is this a good rally for the economy or is this a bad rally considering it speaks to the re-inflation? michael: it depends on which part of the economy you are in. the people making the goods will have a decent year. at the end of it, the squeeze is on o

stocks mostly in the red but we have micron at a record and nvidia both helping hoist nasdaq 100 into positive territory but if you want to see the big leader, look at crude oil. energy right now, crude in the aftermarket session by about 2%, $82.14 a barrel. fifty-seven minutes left to trade before the closing bell, blackrock's u.s. head of etf jake jacobs. as well as energy is doing, to stroke but claims because finally you've got the big corn etf but look at the going, it's skyrocketing, 13% or $8,011,501 to 70780. here is the two day picture. whatever is behind this, the i sure big corn etf is a huge recipient, that's up 11% right now. what does it say to you about your push to have bitcoin etf? >> first we recognize that.is volatile asset. we see big updates and down days. it's only 15 years old we seen tremendous demand for investors for exposure an account alongside stocks and bonds, they want to see bitcoin there and that is doable because of etf, he'll have to go on a crypto exchange and open a new account for exposure, you can buy and etf in that account. >> when you talk vo

wall street closed higher, with gains in some big tech heavyweights like nvidia and apple boosting the market. the s&p 500 and nasdaql closed in the green. we're awaiting president biden, who will deliver his state of the union address shortly. let mejust show let me just show you these pictures, exterior pictures of the capitol, and you can get a sense of the buzz as well by looking at all the world's media gathering outside the building, all ready to report on the state of the union address, which are coverage on the bbc will start in half an hour's time. goodbye for now. bbc news — bringing you different stories from across the uk. this swan was found with cooking oil in its feathers at little venice, in central london. now it's being cleaned at the swan sanctuary in shepperton, in surrey. how serious is it for the birds, this oil? yeah, it's really serious. it can cause lots of problems. it's not something they can get off on their own, they have to have help getting off. and then, they go back, do they do? they will go back eventually? they will go back, but we will have to wait for the waterways to be cleaned

where most of the jobs are landing as the trend continues there, the s&p 500 and the nasdaq now turning negative, nvidiadaq down this morning. aúsurvey shows jobs linked to artificial intelligence pay well ziprecruiter tells the chronicle ai related jobs regularly pay more than other tech work job postings that mention artificial intelligence, machine learning and natural language models tend to offer higher salaries., oncee senator dianne feinstein and her husband, is scheduled to be auctioned off in new york later this month. the couple accumulated the collection over a 30 year period. there's some of the pieces. according to the auction house, more than 40 paintings and sculptures used to decorate theirúsan francisco home will be up for sale. the collection spans 800 years of art, from tibet, nepal and chinc . the estimated worth of the art is believed to be more than $3 million. the average us credit time in ten years. analytics company fico reports. scores are dropping because of an increased debt and missed payments, according to a recent report. the average fico score dropped to 717 in the last q

and in terms of the nasdaq, i think it's all about nvidia, super micro, the conference that's happeningnning today, all eyes including my own eyes will be on that because we're going to be watching and listening for any little change that nvidia makes because b n nvidia is such a fo, along with super micro too. maria: i want to go back to the fed before we move on to nvidia. i think you're spot on, this whole idea that the fed is going to start cooling things down here because there has been this expectation of all these rate cuts and in the my he del of all of that we get a hotter than exacted inflation reading and after that reading the cpi and ppi came out, i spoke with jim grant, the editor of grant interest rate observer, always a great obse observer of niece ma. he said look, with this inflation the fed may signal it's not done raising interest rates. listen to jim grant with me last week on this program. you're not expecting a cut they in rates any time soon. >> no. well, they might decide that threeish is fine. maria: 3% inflation. >> yes. this concern over the inflation rate. a

stuart: on the markets, nasdaq down 112 points, much of that is nvidia which is sharply lower.is up 66. tesla is moving down. lauren: tesla is lower, the energy department unveiling final rules that significantly soften their fuel economy requirement, with the big 3. stuart: what about robin hood? lauren: after four years of trying, and commission free trading, this is the bad news. it is a huge source of letter revenue, they make their trade. they are going to be profitable. stuart: international paper. lauren: is a 9% gain. stuart: the police department has launched a new task force to crack down on what they call burglary tourists, they fly here, rob mentions and fly back to their own country? william, what do you know about this? >> reporter: tell me these thieves are like ghosts, don't know who they are, where they land and on paper, they disappear. the biden administration, removing chile from the visa waiver list. could the mugshots here, they tell an untold story. posing as tourists terrorizing us neighborhoods. >> i cannot comprehend why the united states government is

we have a big momentum trade on wall street, but nvidia closed in the red and at the same time, thes thes s s that nasdaq hit the intraday high. >> if you look year to date, no question that nvidia is a massive part of what is happening in the market. the market dynamics are driven by nvidia, meta and microsoft. on the down side, tesla and apple. the five stocks explain what happened over the last year to date. if you look in the last month and week to week, you see the market has been broadening. yes, nvidia is definitely a huge contributor to what happens, but it is becoming less and less of a contributor modestly and that is healthy for the market. >> there is evidence to that. we saw a rotation with the russell hitting a 52-week high. if we see the weakness in nvidia, do you see more of investors going to the more defensive trade? >> i think it is a couple of things that are going to feed that. one is the outlook for when the fed will cut. two, the outlook for inflation will feed that and what happens with growth. at the moment, you know, economists have upgraded expectations for growth up to to 2.1%

nasdaq 100 pre-market movers. at the top is pdd holdings with shares up 3.5%. that is followed by sirius xm radio and nvidia with shares up 1.5% in the pre-market. we are checking the bond market with the cpi data out at 8:30 a.m. the benchmark at 4.09%. also we also, we have to pay attention to bitcoin with the fresh all-time highs. we saw it right there at $72,000. it is down .50%. ethereum is climbing above 4,000. crypto trades around the clock. that's the set up. >>> back to the top market story and the february cpi report due out at 8:30 a.m. time today and one of the last major economic report before the fed policy meeting next week. the number is expecting to slightly rise. stripping out food and energy, it is expected to tick down 3.1% month over month which could bring the year over year rate down to 3.7% which is the lowest read since back in april of 2021. jo joining me now is torsten slok. >> good morning, frank. >> you are a laid back guy. you got the markets excited earlier this month. you put out a note forecasting no fed rate cuts this year. you said the fed will spend all year trying to fig

the ripple effects were everywhere today as nvidia spread pixie dust throughout the averages. dow gaining 269 points. s&p rising .32%. nasdaq advancing .2%. tonight we have a bunch of winners from nvidia's pioneering work in artificial intelligence and accelerated computing including medtronic which partners with nvidia to come up with better outcomes for colon cancer tests for all sorts of medical devices. the innovation in silicon valley, it's right in your face. but in washington it's a lot harder to detect the government's anti-innovation bias. they're so clever about hiding it. and they're just as clever in camouflaging their contempt for those who've gotten rich with technology even if it's tech that's improved your life. and like with nvidia maybe made you wealthy too. however, there are times where the mask just slips off. maybe they can't prevent it. and you can see the truth. the regulators, they hate big business. the bigger it is, the more successful it is, the more they abhor it. especially, it seems, if it involves our crown jewels of tech. the companies that brought us back from our industrial nad ir when our

the dow industrials are down 32 right now but the nasdaq is up 154 we've got the nvidia a.i.ference underway and that has a.i. stocks on fire again. but look at interest rates. the 10 year treasury yield is all the way back up to 4.3% this morning as the federal reserve kicks off the two day monetary policy meeting tomorrow, we're not expecting an interest rate cut tomorrow, widely expected to leave rates unchanged but we are waiting to hear what jay powell says at the press conference in terms of the possibility of further moves in rates this time lower. sean, what are your expecting and how would you put money to work here? >> good morning, maria. thanks for having me i'm expecting the same things we've been hearing from the fed. inflation over the long run the trend has been coming down but interestingly enough in the short run it's trending back up. i think that's the most important signal that i think the fed will be paying you attention to. they're going to be very, very strong i think in they terms of trying to get that inflation down to the 2% number. the thing they'r

nasdaq 100, higher 1.1% on the day. google, apple, tesla among the big gainers. nvidia, up on the day. semi conductor, flat on the day. losing a bit of stream. the two-year yield, pretty stunning. . 4.74% on the day days before the big fed meeting. a lot of eyes on the future of inflation and whether we will actually see those interest rate cuts. keep an eye on us through the close here. i'm sonali basak. that does it for bloomberg markets for now. this is bloomberg. ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible, it's happening. >> from the world of politics to the world of business. this is "balance of power." live

we're slightly red across the board, dow, s&p and nasdaq all giving back. our focus is on nvidia, amy. which is red again too. a few moments ago it was green. this is the big story. questions about whether it's topped, an unwind is coming. we haven't seen you in a few weeks. you've been trimming this name like many others. >> yes. we owned this name for a long time. when a stock doubles a relatively big position in three months it's prudent to trim. we trimmed. it's okay we still own the stock. it has the perfect set up right now. buyers with a lot of cash flow, concentrated positions. too little capacity, too much demand. we think it -- there's nothing to stop it in the near term. but from a long-term perspective it's prudent to take profits we think. >> price target to 1200 from 900. as the stock has elevated the chase has continued on the street. you keep getting price targets going up up and away. i'm wondering how you view the stock, if you view that as a moment that was $100 higher on friday, and then the reversal, whether we need to pay attention to this stock more than an

nasdaq 100 is completely flat. a slightly better performance, up three tens of a percent in the philadelphia semiconductor. amd and intel pushing higher. nvidiabest performer year-to-date both on the nasdaq 100 index and the philadelphia semiconductor index. there are news items going on. walgreens up .1%. had a strong quarter in the quarter gone but trimmed its outlook for the fiscal year. the ceo of walgreens will be joining us in just a few minutes time. what you guys think about walgreens? message me on social media. i would love to field your questions to the ceo. we're looking at u.s. listed shares of chinese technology company shall me. it just unveiled a $29,000 electric vehicle. that enters an already competitive market in china's domestic market where there are more eeev players and models. investors like what they have seen. we will talk more about the story. bitcoin's window watch. we are above -- bitcoin is one to watch. there's a lot in the new cycle about the continued momentum of spot bitcoin etf's. the net inflows of money into those etf's. mike nova gratz was on the show yesterday making the case for bitcoin. in the backgrou

. >>> live from the nasdaq marketsite in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. nvidia in focus, the surging semi holding a must see a.i. developers conference next week featuring a two-hour keynote from jensen huang. what it could mean for the stock. >>> plus, on the cutting edge next week's fed meeting could give some big clues as to when the central bank will bring down rates, what the traders are keyed in on. >>> late i, a new reality for realtors. broker commissions sending zillow and other sites plunging. is this an opportunity to get in on the names and what it could mean for the housing market. i'm melissa lee. on the desk, tim seymour, julie bi beale. nvidia's hotly anticipated gtc conference and a fed meeting that could lay the groundwork for rate cuts and begin with nvidia. the chip standout developer's event getting under way on monday. new product launches including a possible gpu for the chinese market and other updates that could sustain its massive run. having a bumpy ride posting a small loss today up slightly since monday. for more on what to expect le

nasdaq 100 as well. while session friday for nvidia.out positive and the premarket after closing friday down by 5.5% positive by one full percentage point. here's the bond market picture for you. let's sit on the two-year upper basis point. on a two year yield. instead of reinforcing the strength of the january data i think the payrolls report introducing a bigger? over it looking at some enthusiasm to buy bonds again and driving yields lower through the week. >> the fact of the wage increase was lower than expected. and then you have the likes of rbc saying fading to quote weakness because guess where the rise nonemployment came from. at certain point to are we talking about here trying to look north of two under thousand jobs being created really weak. the debate will continue. >> berkeley saying maybe fade some of the move to the bond market. a move lower in yields across the curve. >> i think about how any people are probably can adjoin that given the fact there is a risk with cpi and quite a bit of strength through not seeing some

but the nasdaq of course was led once again by nvidia and chip stocks.sterday up better than 7%. the semiconductor index before that had its worst two day loss in more than two months but of course it's still up huge this year and last year. nvidia is up again this morning. adam, i know you recently bought more of this. >> i know. and i laugh about that because i was also the guy who at 675 said i'm going to sell a little because i hit my target. i think that's prudent. when you buy a stock, you're only rational once, it's before the you buy the stock. if it goes to your target, you need to honor that and sell a little. you say why did you buy it back $300 higher? because something has changed. and that is, the earnings are accelerating even faster than i myself thought and i'm a bull. so 900 bucks, if you assume the company's going to make 30 of dollars in earnings this year and you put a 30 multiple on it, that's how you get to 900. what if they're going to make $35 and the pe multiple ought to be 35, 35 times 35, suddenly you're at 1200. that's my rea

nasdaq is down. check out big tech, apple is up, amazon is up, microsoft, alphabet and meta are down. let's have a look at nvidiaower. that could account for some of the nasdaq -- lauren: it's down for the second day. a couple things to remember, it's a holiday shortened week, good friday is a holiday, you also get the inflation data that day and the market to respond to it. a little bit of a weird feeling as we finish up this week. nvidia down two days in row, they unveiled a couple days ago there superpowerful black well ai chips but barons is making an argument that nvidia is losing steam because traders are looking for volatile stocks like dj t, quicker way to make money if you will instead of buying an expensive stock that has come up so much in value. stuart: take it out of that and get into dj t. coin base, are they up or down? they are down? lauren: after a federal judge in manhattan says the sec lawsuit against coin base and major crypto platform can move forward, the sec sued in june, saying coin base allowed some tokens to trade that should have been registered. stuart: syntax, i think of them as the

nasdaq, i'd say it's wiggling a bit, it's up 7 points. the recent rock star, nvidia, maybe that's the problem, it's all the way at the bottom of the nasdaq 100. s&p, as you see right there, up about 18 points. speaking of which, we are coming up on the end of the month and the end of yet another winning quarter. the broader index is on pace for its fifth winning month. and flint over quarter to -- flip it over quarter to date, the s&p has a gorgeous gain of 9.5%. if you stretch that out over the past year, the 311% runup eithes fabulous or worrisome. what does the world's largest asset manager new e right now? blackrock chairman and ceo larry fink is here, and we're also joined by charlie gasparino. charlie. >> now, before we get into macro stuff and that amazing letter that a you put out, i really enjoyed it, and infrastructure actually plays in that letter, so we should talk about that. >> yeah. >> i notice that donald trump budgets said my money manager, larry fink, made me a lot of money. >> yes. >> you were in the white house with him. you had a lot of this is d

the s&p and nasdaq closed lower yesterday but that was because of nvidia.he tech sector with some pressure. but we have seen that group lead this market to record territory of course. last year and year-to-date. thewall street journal writing this frothy stock market isn't crazy enough to be the bubble. >> this comes from six stocks. that is a bubble. we're telling our folks, look, if you own these securities, pair those holdings a little bit but we're not buying nvidia today. we think it's a great stock. we're thinking to ourselves there's some equal value stocks below. we think it's a bubble and at the end of the day people forget the magnificent seven they 2022 lost $4.1 trillion in market cap. we've got to remember. that was 20 months ago. it's going to happen again at some point. maybe not to that extent. you have to understand they come down. the guys down the street on wall street, i don't think they're understanding it's going to come down. maria: that's what howard lutnick told me as well. kyle, i like what you said. you said cyber security could b

stuart: on the market the dowel is down 120 and the nasdaq is down a mere 30 points. look at nvidia if that is a new high but it is up there. as for bitcoin we were at $73000 according ten days ago now we are at 693. next case congress has a new bill that goes after credit card hidden processing fees, grady trimble with me. question does this mean that credit card perks like bonus miles and points could they become a thing of the past? >> that is the case opponents of this bill are making this white fees are paid by businesses every time customers make a purchase with a credit card and it could be as much as 3% as a purchase, the bipartisan bill is aimed at reducing those fees, democratic senator durbin partnered with republican senator roger marshall on the credit card competition act, they argued there is a duopoly of credit card companies, visa and mastercard, marshall says the bill would force competition, help small businesses and ultimately lower prices. >> the small companies are spending more on credit card swipes than utilities in the competitive market they can pass on the

nasdaq positive, work in the second three all-time high. momentum chase in semiconductors refuses to quit for now. nvidia surpassing two trillion dollars in market cap as dell, strong results after close yesterday triggered a feeding frenzy along the have we changed. -- gained despite continue malaysian apple shares. and regional banks and related to nerc regional bank. that brings us to the top of the take. how hot is too high on the verge of the market? let's ask cameron dawson, inouye wealth chief investment officer. we have momentum. there is nothing you can deny about that. on the other hand the s&p 500 is 13 or 14% above its two-day average. it is looking stretch throughout these different metrics. we can go bass and say, january, february, things tend to follow through to the upside. it felt like this was the week when folks stopped fighting in started chasing. >> certainly. momentum is a beautiful thing. it is a question of, how long can it last? clearly there is also an asset of earnings. the optimism around that being that you are starting to see earnings estimates get revised higher. interesti

it must be said issues with the nasdaq are few and far between. coming up, we will talk to nvidia. what can we expect from the first day of the semi conductor company's annual conference? it is called the woodstock of ai. we will tell you why. maybe not many people are buying these vr hardware as had been expected and sony still up 2.2% on the day but it has hit pause on its playstation vr 2 production. it has too much inventory. from new york, this is bloomberg technology. ♪ >> all eyes on nvidia today. its overall technology conference is kicking off in san jose today. some 10,000 people will be watching live. last time, 22,000 -- 22 million watched virtually. expectations are high for the amount of people tuning in. you can see the stock rally over the course of the year. let's bring in a bloomberg intelligence analyst for more. it is 1:00 p.m. on the west coast. what will be here -- will we hear? >> a significant announcement should recharge the already strong rally, first the announcement of the new chip, which we believe will be the first in the package. should it have a perf

nasdaq outperforming several momentum names in that index bounce back led by nvidia back 900 bucks. oracle is the best and s&p following its earnings report. that after naming a new ceo. and all takes us to our talk of the tape which is all about the rally. is it running out of steam? is it taking a momentary breather? no real breather at this moment as we come on the air. let's ask archie market strategist for j.p. morgan asset management. welcome back. reading through your notes, you sound really positive on this market. >> we do some positive. first on the fundamentals for the economy we see growth normalizing this year 2%, but zero recession in our base case. we see inflation also moderating towards 2% by the end of the year. you still have a pretty resilient nominal growth backdrop for companies. resilient revenue growth area and at the same time it seems to us the big take away from fourth quarter earnings was a bottoming in the margin from last year. >> i read through the notes here. you hesitated for a second or i said you seem positive. use a positive trend for stock should

technology at the bottom nasdaq was weaker in session yesterday. pointing out the big a.i. stocks, nvidiand microsoft, going in different direction. microsoft with support and nvidia is the weakest link. technology is down .40%. montcler and dior as well. we have retreat for retail names, but down less than .10%. red cropping up in financials. insurance names pushing higher. admiral at the top. bnps is up 2% leading that banking basket. food and drink in the green. autos with volkswagen at the top of the basket. utilities up .40%. oil and gas support .50%. telco on the back of vodafone after the sale of the italian asset is 6% higher. let's look at what that is doing for the indices. 7,743 on the ftse 100. we are flat at this stage. we had a decent trading week. it looked better at the halfway point up 1.5%. you can see, we are holding that threshold. it has been a decent trading week with stocks on the index level. we have seen a slippage on the dax below the 18,000 point level. still a decent trading week. across to the markets, we would have a flat to weaker start, but we are seeing a