Talk about the bull run continuing. The house voted to ban tiktok or have a divested of what we can expect from the senate. Benchmark is off about. 6 . This is we anticipate volatility because expiration of a whole chunk of derivatives today. The vix taking up a little bit. We are the key get crypto and im taking a look at bitcoin. We close the week where we began overall. We had been getting the heavy highs of 70000 and currently trading at 68,000 so dipping below that 70,000 level. Moving on to individual movers. Adobe is the only one you need to care about. The biggest move having its worst day in decades. Can we dig into the individual numbers but the amount the stock ran up last year, people are worried. If you ask investors which company will make money it was microsoft and adobe and now investors are saying maybe its just microsoft. They expected to see this big surge because of the ai products. Adobe has been putting ai into photoshop and illustrator. But it appears they are mo
Of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. Nasdaq 100, very tech heavy index, add session lows, down more than 2 . We had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4 , double the decline of index, the biggest drag amd. We will get to that in the second. U. S. 10 year yield above 4 and bitcoin moving back above 29 thousand u. S. Dollars, the token we will focus on crypto halfway through the show with sonali basak. The earning story, two names in particular, to start with amd, it beat on the top expectations in the quarter gone, sides of recovery in the pc market, a longterm projection about the Market Opportunity for them in the context of ai and Ai Accelerators. I will be joined later in the show to go through the numbers and talk where amc sits in the ecosystem. Then pinterest,
Samsung. But also how it points to this bottoming out in the chip market and potentially the recovery for semiconductor demand. Were actually seeing sk hynix starting today on the back foot, sliding about 3 now is investors digest that scorecard. Potentially what we got from med is bringing from meta is bringing the downdraft into the korean session. The outperformer among the asian currencies looks to be reversing some of that today. We also have the open in japan. One of the things we will be watching out for has been the japanese currency which has breached the 155 level. This has got to do with that yield gap as we saw the way u. S. Treasuries were coming under pressure overnight. But now that we are watching the yen at the weakest level versus the greenback in about 30 years. Consider how back in june 1990 when it breached 155, it was a matter of a couple of days before it reached the 160 level. Though there is some skepticism as to whether we will actually see intervention by the
Quarterly Sales Outlook below expectations. Sk hynix, preparing to plow almost 15 billion into a new factory. Plus the yen slipping below 155 to the dollar for the first time in three decades and that is putting intervention watchers on high alert. Also just getting some news right now. It is First Quarter gdp numbers out of south korea. A prettier handy beat as well come expanding 1. 3 on quarter. The expectation was a much more modest. 6 increase on a yearly basis. That is a 3. 4 expansion. Leading the way a party Strong Performance from manufacturing up 6. 6 on year. Services also up 2. 1 on year print we saw a recovery in south koreas construction sector up 4. 8 although construction still a little weaker on year as well. Overall a prettier handy set of numbers for the First Quarter for south korean gdp. Lets take a look on how markets are setting up for this thursday in the asia pacific. We are trying to get a hold of avril hong at the moment but as a quick note, there is no tradi
To agree on terms of the deal according to sources. We will discuss that and much more. First, we check on markets. Calm before an earnings storm. Nasdaq up. 1 . A lot of auctions on deck when it comes to debt in the United States and what that means for supply and borrowing costs to the high side. We are steady at 4. 62 . What of chinau. S. . We will dig into that. The vix at an 18 handle. We have seen less of an aggressive bid into risk assets. We are still up broadly. This is after the halving without a hitch. A pullback in Bitcoin Mining may mean an uptick in prices. What are you watching . Ed a firm focus on tesla. We are at session lows down 4. 6 , down for a seventh straight day. Price cuts around the world over the weekend. Layoffs continue. Fsd down to 8,000 in the United States. We will bring you the big take later in the show where we have reported new information about the layoffs, robotaxi, cheaper ev model. In 24 hours, we have one of the most important earnings calls in