Button on the east coast, billionaires donated upwards 500, 6 hundred Million Dollars to Ivy League Schools backing out over the schools failure to condemn the hamas attacks on israel west inner foundation writes we are stunned at failure of harvard leadership ununqualitative stand against citizens. Former u. S. Ambassador jon huntsman writing this the university silence in if reprehensible historic ham evil against israel only summons be outright condemnation new low university of pennsylvania president saying school should have moved faster to sheer position right now rest of the hour former fbi special agent Nicole Parker joining the conversation thank you so much for being here reaction to all of this . When people are putting up tons of want to know going towards a good because, it is entirely unacceptable to donors to not take a stand students have rights to speak up they also need to ways going on, abhorrent, absolutely abhorrent. Of course, weve got people like, major donors, b
In the meantime, lets talk about the price of bitcoin. It has been volatile. Shot up yesterday in a big way and pulled back after blackrock denied the report, becky. Coin telegraph saying u. S. Regulators approved the application for the spot etf. Everybody cheered and went crazy. Coin telegraph later retracted the story and conducting an internal investigation into the inaccurate report. Blackrock reported the application is still under review. Crypto markets have been waiting news for spot coin etfs which are expected to drive investment in the sector if approved. If because we still dont know. Just because blackrock and fidelity are asking for it, doesnt mean the s. E. C. Has to give it. Do i think there is momentum . Sure. It doesnt lead to the situation. The company that put out the story is now conducting an internal investigation which makes you wonder if they suspect somebody was doing this and making trades based on the story. It wasnt how it happened. Was somebody feeding the
And Goldman Sachs and hotter retail sales. Were also seeing higher bond ye yield. Our roadmap is going to begin with a slew of corporate results. Goldman and bofa. Lockheed martin says it expects to grow sales this year. Retail sales coming in much stronger than expected. The tenyear is rising and stocks are on track for what looks to be a lower open, about 29 minutes from now. Changes at news corp. Or perhaps liking what it means as an investment. Starboards jeff smith will join me live this hour from the active passive conference which we cover every year. We start with bank of america and Goldman Sachs, above what most analysts had been anticipating. Bofa seems to be the out dealer performer, although we havent opened as of yet. Coming through with their share of concerns as well, whether it be with goldman in terms of the continued drag the consumer has on the business even though its such a small percentage overall or bank of americas Balance Sheet which weve talked about many tim
Yesterday the s p was up more than 1 . So, kind of putting on a brave space treating good Economic News even with the headwind of whats happening. Im watching financials which were lower and in reaction to more Bank Earnings and have turned higher. I dont know if its yields. Theres a lot in there because bank of america and Goldman Sachs were better. They were better. As i was saying, when it comes to the banks, if the economy is going to be okay, the banks should probably be okay. If your biggest concern is recession, we pushed it off a little farther. And Home Builders up 0. 50 . Energy and cyclicals. Lets take a look at the state of the consumer. I spoke with bank of America Brian moynihan, and his assessment is the fed is working. Well have 4 trillion plus of our consumers moving accounts, writing a check, taking cash out, spending money with zelle, so 4 trillion plus a year. In 2021 that grew over to 2022 growth rate was 9 to 10 . In the early part of this year, 23 First Quarter o
October 17. We are breaking news 6 00 a. M. On the east coast, the department of defense putting 2000 american troops on noticed ordering them to be ready to deploy in response to the ongoing war in the middle east as President Biden is readying a trip to israel tomorrow. The hamas terrorist saying it is taking more hostages while the Israeli Defense force claims it killed the top hamas commander. We take it you like to israel this morning with the very latest, the markets are trading lower as investors remain concerned and unsure about the strong start turning season in the middle of higher yields and a war in the middle east, the dow industrial down 52, s p 500 on seven and nasdaq that were by 27. Bank of america and Goldman Sachs on tap, these stocks are mixed. We will have all the numbers as it is a thirdquarter report to the tape. Were also watching the bond market 21 Federal Reserve officials will speak this week were watching for any indication of where they stand on raising Int