Im back. Great to be back. Back in the stacks with the books. Yes, yeah the Library Stacks are nice i wanted to show everybody where things are headed on this monday morning. Is it always up . I guess maybe it opens it feels like that i was told not to invoke his name when i mentioned him the other week he says everything goes up and it all seemed so crazy dow about 160 points nasdaq looking to open about 69 points higher in the s p 500 looking to open about 16 points higher treasury yields right now, lets do it. Lets show you the ten year note as we speak youre looking right now at the ten year at. 636. Melissa has news happening overnight. News out of china overnight beijing announcing sanctions and a spokesperson and the move comes after a top member of chinas Ruling Communist Party and three other officials over human rights a b abuses. Bo well ask senator rubio about this when he joins us live at 8 00 a. M. Eastern time on squawk box. Separately the u. S. Asked its citizens to be
Focus on developing shares already suffering their longest dresses 2022. That in so much more this hour. We sit with much anticipation of the earnings to come, some Risk Appetite today. Maybe the bad news is good news. Some of the Business Activity cool enough more than the market anticipated means we decide to go into equities as we think the Federal Reserve maybe has more space to be cutting in the second half of the. Nasdaq currently up 1. 5 . Two year yield, 69 Million Dollars with, record amount coming to the market yet yields falling today as money move into some of the havens, 4. 93 . Equities rallying on this particular day. Stoxx 600 in europe having a stellar run on the moment, of a percentage point. Up a percentage point. We have a look overall at money moving in to both risk Asset Classes and bitcoin. Well off the highs but still money coming in despite a relatively strong dollar. Ed earnings sent individual technician, tesla getting a boost. We will get ready to play tesla
New york stockexch tyler and sue have the evening off. It seems many people this Holiday Season made their lists and checked them twice, or by the looks of things, maybe even three or four times. What i mean is, we were in a buying mood, as shoppers came out in droves this year, driving sales, by some estimates, to their biggest increase since 2011. That naturally sent the Retail Sector higher on wall street today. As kate rogers tells us now, it might not yet be over. Shes in west nyack, new york. Or us tonight at, where else, a reporter christm may be over. But retailers have a lot to celebrate. The latest numbers from mastercard point to the best Holiday Season in more than five years. Retail sales rose by almost 5 from november through christmas eve. Online sales are up even higher, 18 . Overall sales are projected to reach 682 billion. I got an apple watch and an ocustick. A universal for january. Time with the family. My son. Reporter shoppers arent slowing down anytime soon. In
It didnt matter. And the market went down anyway. Dow sinking 196 points, s p falling 1. 35 and the nasdaq declining. 93 . How can that be . Hey, isnt this a market of individual stocks. No, not right now. Nope. You see, we have some Disturbing Trends in the overall market that trump the achievements of Single Companies and even whole sectors. And right now, no trend freaks out investors more than the total collapse of oil prices. When the highspeed traders who dominate the stock market see Energy Declines like today with oil down more than a buck and a half to 44, a level we havent seen since the great recession, they dont just sit there and pick among the stocks the benefit from cheaper oil while dumping the oils themselves that wouldnt be a rational move. No, they sell the only thing they seem to know how to sell. The whole s p 500. They cant waste time picking and choosing among individual stocks. They know that when oil goes down they need to blast out of everything. Because thats
Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) reported results in line with analysts' expectations in Q1 CY2024, with revenue flat year on year at $3.13 billion. The company expects next quarter's revenue to be around $3.13 billion, in line with analysts' estimates. It made a non-GAAP profit of $3.24 per share, improving from its profit of $3.19 per share in the same quarter last year.