For the highlyanticipated rate cut. Tech sold out. The nasdaq hitting a record high before reversing lower as big tech is under fire the white house is hosting a summit targeting social media giants can tech rally in the face of the major headwinds or is the group handcuffed so many options as to where to go guy, what do you say first of all, this is unbelievable actually no. It was years ago it is interesting that, you know, billy joel, great artist and you played potentially his worst song. I knew you would say that. Thank you. Up town girl. Excellent point. Terrible song. With that said, can you still buy tech here . I think theres still an inch you can buy. Facebook, if thats technology, will rally in energy i think on microsoft, thats fine lets look at micron real quick because i think it is where the battle line is being drawn that stock was at 32 on june 25th when they reported earnings, and the stock has rallied probably 30 since then you sort of break down the earnings guess w
Sinking again. And we continue the week long special with the best ideas heading into q4. It is tuesday, september 26th, 2023 you are watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. The s p and nasdaq both down about. 50 in the premarket we are checking the bond market with the 10year treasury at the highest level since october of 2007 look right now at 4. 52 also the 2year treasury is 5. 12 you see it is elevated we are looking at the energy markets. Oil is giving back a bit look right now at wti crude below 90 a barrel down 1 this morning brent crude at 92. 28. Similar for the Natural Gas Market down 1 this as the dollar adds to impressive gains up 2. 7 this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionall
palestinians have been trapped in a cycle of terrorism poverty and violence terrorism poverty and violence perpetrated by israel israel has restricted thanks ruthlessly everything about the palestinian life they won t let most material then only although they only allow them about 4 hours of electricity a day well then most of them leave for better medical care and the american government could put a stop to all of that if they wanted to trump saying he s saddened by the palestinian situation is like if he walked into guantanamo bay and said he was saddened d by the pain the poverty and confinement of these prisoners if only there were an answer. it would be like me saying i m disgusted by the pornography on pornhub always there is something i could do about. let s see another quote for when the conditions for statehood are met including the firm rejection of terrorism. luckily israel doesn t have to reject terrorism they get to enjoy it. like killing unarmed people at the b
The holiday. Lets get this show on the road, power lunch starts right now welcome to power lunch. Im will stocks lower this hour, nasdaq and russell 2,000 did manage to hit record highs before pulling back Oil Pushing Higher in more than two years and check out individual movers as well. Amazon hitting alltime highs today. Under armour reing but the stock on pace for its worse year ever. More than that ahead serna, expected to announce a deal with the company and gamestop rallying posting strong results. Michele . We begin with this hour with ubers hack attack millions all over the world have been affected whats causing outrage however, uber paid money to cover it up joining us now with the latest, deadria . Hey, michele, the names, emails, drivers license numbers of 57 million riders and drivers were exposed uber paid as you said 100,000 in hush money to the hackers and hid the breach for the public and regulators for a year. Drivers are only now finding out if they were affected. I s
His first interview in ten months since president trumps inauguration since then stocks have roared to alltime record highs, including todays 24,000 milestone mr. Mr. Icahn writing a letter criticizing the planned deal with Bonanza Creek and its adoption of a poison pill, which he calls a travesty. Carl, welcome back its good to talk to you again. Good to talk to you. Well get to this incredible stock market in a moment, but lets begin with sand ridge. Thats your news of the day and this letter that youve written to not only criticize this planned acquisition but a poison pill that you refer to as a complete travesty and representing a new low in Corporate Governance why so yeah, i think that the company, i believe, to entrench itself went out and issued stock and issued stock for a Company Called bonanza and theyre paying bonanza a 75 premium to the 421 million valuation established by bonanza creditors. This was written in an article, who i dont know and never met and own a fair part