Plus, oil markets squeezed again as russia and saudi arabia send more shockwhataves throughe market and china throwing more stimulus at the private sector to boost the struggling economy in the recovery. It is friday, august 4th, 2023 you are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dominic chu in for frank holland. Lets kick things off with the u. S. Stock futures after the s p and nasdaq turned in a Third Straight day of losses, futures right now showing a brighter picture, at least for now. S p implied higher by 15 points. Dow jones industrial average implied higher by 55 nasdaq up 83 a tech recovery may be in the works. This is ahead of the july jobs report economists are expecting employers to have added jobs at the slowest pace since december of 2020 at just 209,000 net new jobs for the month checking on the bond market. 10 2year yields yields on each up 5. 5 to 6 this week alone. The 10year treasury is 4. 91 . Slightly lower the 2year treasur
Gets shown the door and off the earnings call. And later, more job cuts at tesla after marking the best day in weeks. Its tuesday, april 30th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day hahead. We kick it off with the look at the futures after the positive day for wall street yesterday. A different story today here in the red across the board. The dow would open about 70 points lower. For the month, dow, s p and nasdaq snapping fivemonth win streaks. The dow tracking for its worst performance since february of 202. For the month, chevron and American Express is leading the dow and home depot bringing up the rear. The fed kicks off the twoday policy meeting today. We have seen yields pull back from the levels we saw yesterday. The benchmark at 4. 62 . The twoyear yield at the 5 yield. Bitcoin is popping up above 61,000. Bitcoin is sliding a bit. Down below
Started a little bit earlier, and we have josh brown, steve wei weiss, jon najarian, and josh of the macro group gianelli. Well, it is cautious any time, and not just this moment, and anybody who is invested you have to understand that without warning a 10 correction could happen, and that knocks you down 15 or 20 depending upon the portfolio, and the bigger picture, it is shocking that we went into the earning season expecting a not so great earning season, but we all felt, and you know, we all meaning the collective investor psyche, and tech will get it done for us, and the tech has been the source of most of the earningsrelated consternation. Take a look at the triple qs on the monthly basis closing at the 10month moving average in a while, and meanwhile upside surprises in places like exxon. So a lot of what is going on is companyspecific, and the macro stuff is largely papered over. I want to know if now that you have got, you know, icahn again negative on the market, and you know
A return to profitability but missed on sales targets. Google had an earnings miss even though profits were up. And zynga is cutting staff and buying mobile Video Game Company natrual motion. Shares rallied 21 after the close. Janet yellen will be sworn in monday morning as the new chair of the federal reserve. And, marketwatch reports starbucks is considering an app that lets customers order ahead for their coffee. Traders may need an extra shot of espresso to keep up with the market today. Joining us now is daniel stecich of athena advisor services. Good morning. Is it buyer beware with the stock market . I dont think its buyer beware, i think its buyer you might have some good opportunityhere because in the past couple of weeks we have had some stocks get punished. Could be solid stockskeep an eye on them. I think its on unusual worriesemerging market worries and china worries. Those dont bother me right now. I want to Pay Attention to our Economic Data and right now that is good. T