There watching day vacation live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just come online, asian equities set for him next open. Amazon and intel jumping read chinas foreign minister is set to meet with President Biden after talks with Antony Blinken in washington and ftx founder Sam Bankmanfried struggles as he testifies at his federal trial. Annabelle im going to wait a few minutes until that becomes online because it seemed like a sentiment shift in the final 10 minutes. The futures contract reopened. It had closed to negative and came online in the last 10 minutes into gains, so the impact of u. S. Earnings from amazon, intel is better than expected. Better numbers, stocks rising, telling us how much of an influence those numbers are having. What else is helping as the pullback in treasury yields and so that is being reflected in the three year and 10 year, the softer dollar the aussie is firmer against the greenback. Asx 200 is
U. S. History later on, the search for a successor is over at morgan sasan stanley. It is thus, october 26th, 2023 you are watching Worldwide Exchange. Good morning im frank holland. Lets start your day as we kickoff with stock futures we show you they are in the red across the board looking at percentages nasdaq is down 1 . The dow and s p also in the red. We will talk more about what is going on in a moment this action here after a rough session for stocks yesterday with the s p fall by more than 1 also the nasdaq now in connection territory it closed down nearly 2. 5 its worst day since february the focus of that selloff is on alphabet logging the single worst session since 2020 and the largest decline in market value of 166 billion wiped out. That number equals all of amd or disney shares are lower again this morning. Down 2. 25 we are watching surging yields. 10year treasury is at 4. 95 the 2year treasury is also showing a yield above 5 as well as the long bond. We will have more
Geopolitics and what is happening in gaza and israel and what is happening in ukraine and russia and the economy as so much more. We will bring you all of that conversation ahead over the next three hours. Well be showing you pieces of that interview all morning long. Andrew, your biggest take away the biggest thing you think will be most important for the markets or investors watching with us . You know, we got into the conversation which we will show you in the 7 00 hour with the euro it is likely the ecb will move ahead of the fed and that will weaken the euro. There are a lot of take aways how he is thinking about politics and we talk about the issues with china and we mentioned tiktok i mentioned that in new caldonia, where there are riots taking place, they shutdown tiktok he had pointed words with how the United States is thinking about china as an enemy or frenemy. There will be pieces of this that folks will be watching. The euro is down 2. 5 on the year just on those concerns
In the late 90s. Its a whole smatters of tech joy companies from not just france but throughout. I should also mention that elon milk has just been added to the program. Were going to be laering from elon musk. And also moe di tomorrow. Many have said they dont understand it. They cant see inside the box. This new research theyve developed can see inside the box to understand what ai is doing. They can look at the difference. Up until now thats been impossible. Thals what im doing in paris, and weve got a lot more throughout the day. Just in terms of seeing what it does, how will they do it . The imaginations they can cook up, can they track it down . Thats exactly what this research seems to suggest that theyre going to be able to do. That they ee going to be able to understand hall like i. It may explain why one model writes one sentence and another writes another sentence and whats driving the different understandings of the nils that its taking in. Well talk to dario about it in ju
Countrys biggest bank is taking issue with and where he sees the economy going on. And later, personal finance expert suzeor orman is here. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight and we start off with a full slate of Earnings Reports. Microsoft, alphabet, visa, snap, all on the move after their latest results. We have full team coverage. We start off with steve kovach, who has all the details from microsofts quarter. The stock is higher right now, steve. The Conference Call is in about a half hour. Microsoft shares are up. The solid beats on the top and bottom lines, but heres whats more important. Reversing some trends that weve seen. Azure cloud growth up 29 versus the 26 gross the street was looking for. Thats exactly what investors wanted to see, after several quarters of declining growth. Now, what to listen for in the earnings call. Do they believe azure bottoms and continue that acceleration that we saw last quarter or is it going to