Yesterday, still hovering near that level. There it is, the ten year. 4. 92. Its clearly put significant pressure on regional banks and real estate as both of those sectors are among the hardest hit today. Real estate is making a turn, though, as we begin the final stretch. Regional banks have been under some significant pressure. The nasdaq suffering as well, as you might imagine. Theres microsoft, meta, alphabet and amazon. We throw those four up because they are the four reporting earnings in the coming days, each with a decline about 1 . It takes us to our talk of the tape, whats really riding on the results next week and what is the busiest stretch of earnings season thus far. Lets ask Dan Greenhaus back with me at post 9. Its good to see you. Thank you, sir. Its been a bit of an unsettled week. Volatility has picked up a little bit. Does tech come in next week and save the day or raise more questions . No. Listen, i think the important thing to note, i would argue, about tech is
Markets in europe open to the upside tracking wall street in asia higher. Ericsson shares are falling and declines to give guidance for 2024. The ceo remains optimistic. Depleting inconvventories thh the inventory cycle and cautious on the road out. That will come back to more normal levels. It can take a couple of quarters. It can take a bit more. Bitcoin pops more than 10 nearing the 30,000 mark before paring back before p tthe appro etf. And we have Goldman Sachs and bank of america earnings on deck. We will talk to Ceo Brian Moynihan at 16 00 cet today. U. S. President joe biden will visit israel tomorrow. The oneday trip will see biden p meet with israeli Prime Minister Benjamin Netanyahu in tel aviv following a stop in jordan where he will meet with the King Abdullah. This comes as a critical juncture in the war. Antony blinken announced the latest in the war. The United States has developed a plan to enable humanitarian aid from organizations to reach siccivils in gaza and creat
Positive. Their analyst is here to explain why. And a new report shows workers could see the largest salary gains in more than 20 years. What that means for consumers a and the fed. Well discuss. First, a look at the markets where we fluctuated between earlier declines and stronger gains, which were wading as we speak. The dow up 51 points right now. The s p, positive by just about a tenth of a percent. The nasdaq in danger of turning negative, and the russells, up 1. 5 . The nasdaq treating those bond wielding as a bit of a headwind today. Treasury space, lots of action there, as well today. The twoyear yield is up 10 basis points from yesterday, while the tenyear is a couple points below its recent highs of 4. 88. The climb in yields is why my next guest says the fed will be sitting on their hands in the next couple of weeks. Welcome to both of you. Peter, is it you who thinks they will stand pat . Some are arguing the latest spate of data should push them towards doing one more hike
By 0. 1 . In the last 24 hours, the president of the United States is heading to israel. Tom per is no other story today. There is no other story today. He is basically traveling to a war zone. Jonathan he wants to present prevent the conflict from enveloping the whole region but how to develop a plan to get aid into gaza. Lisa thats one of the key components with the talks with tony blinken. I find it interesting that President Biden will be going to israel and going to jordan right after, entering the zone with Security Issues and Strategic Issues and have the u. S. Will influence this. Tom im reading on the turkish war in world war i and its amazing the parallels to right now. We are out front on diplomacy. Someone asked the secretary of state where hes been and he said he can remember. They have parallels to 1914 as they try to avoid war. The daily mail in london today talks about the tunnel structure of hamas, 40 feet underground and maybe as many as 300 tunnels. Thats the reality
Visit the war zone as he heads to israel tomorrow. And Vladimir Putin lands in beijing for a closely watched sit down with xi jinping. It is tuesday, october 17th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. We kick off the hour with the check of the u. S. Stock futures. Take a look. Red across the board right now. The dow looks like it will open 85 points lower. Sn s p and nasdaq is opening lower. We are coming off a strong monday session and this is the russell 2000 showing strength rising more than 1. 5 yesterday for the best day since july. You see the moves right here. Big swing here. Same story for the dow transports coming off a nearly 2 gain. Take a look. Up 2 . Big swing right there. All this on the back of falling treasury yields. You can see a rate sensitive sector getting a benefit. We are seeing a rise in the treasury yields this morning. The tenyear at 4. 74. Moving higher this week. The long bond