First speech to call for strength, resolve, and courage in europe, but steers clear of any serious policy prescriptions. Good morning. Lets take a quick look at the data this morning, getting set up for tuesdays trade. We have a yen that has weekend toalmost 109 weakened almost 109. Optimism for a trade deal driving the yen up to almost 109. Right now, 108. 77, driving up the 10 year yield, looking at 1. 80 right now on the 10 year yield as investors feel comfortable enough to let go of the perceived safety of u. S. Government debt. You see s p futures gaining once again after we saw new record highs for the Dow Jones Industrial average, the s p 500, and the nasdaq in yesterdays u. S. Trade. It is definitely looking like a lot of risk on sentiment in these markets as we get more and more optimism on trade. Still, equities may have even higher to go. Here with the details is dani burger. We might seeson equities move higher is theres one key group that has not latched onto this rally, a
Will its the 9 a. M. Hour of fox and Friends Weekend starting with a fox news alert. Prosecutor nathan wade resigns from the Trump Georgia case so d. A. Fani willis can continue. Rachel plus, are we getting a preview of democrats reelection agenda . Yesterday harris hosted fat joe for a white house weed event. Thats right, a weed event. Pete and if st. Path bricks day patricks day might be tomorrow, but New York Citys Famous Parade is happening today, and and among those marching will be Family Members of two fallen fdny firefighters who died on 9 11. The final hour of fox Friends Weekend welcome back starts right now. If. Will well, welcome to fox friends on this st. Patricks day weekend. Were celebrating both saturday and sunday. Sunday is, of course, is the official day of st. Patrick, but today is the st. Patricks day parade in New York City. Youre looking at a live shot of dublin, ireland. The temple bar coming to us thanks to earth cam. Rachel im looking really closely, because m
Security. We will stick with washington. Jim jordan preparing for round three of the speaker vote today. And the bottom may be in for the second largest economy in the world. Chu China Central bank takes new action to shore up the market there. It is friday, october 20th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of the stock futures. Right now, lower across the board. Dow opening up 30 points lower. Nasdaq taking a leg lower. S p is flat. This after a rough session for the averages which saw the dow, s p and nasdaq close nearly 1 lower. The dow transports and russell coming off sharp declines. They are on pace to extend the multiweek losing streak. The dow down over 1 . The russell is hard hit down 1. 5 . Fed shchairman jay powell is making a case there is likely more work to do. We have models for everything. We have formulas for everything. As a pra p