Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me
Boost from its Growth Strategy this is elon musk on last nights call weve updated the vehicle lineup we expect it to be more like the early 2025 if not late this year these new vehicles, including more affordable models, will use aspects of the next generation platform as well as aspects of our current platforms and will able to produce on the same manufacturing lines as our current vehicle lineup its not contingent upon any new factory or massive new production line. Bespoke says it looks like this will be the best earnings reaction since 2020. You do have some upgrades you have a very nice bank of america upgrade, and you have people saying its a clearing event. Did he pull a rabbit out of a hat . He came out back with a small car, as well as with the terrific app, by the way, in the deck that is the hailing app . I thought that the key analogy, david, was not the airbnb analogy. He did that. That was great it was the elevator. Elevator. Yeah was that not terrific youre not alone in
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that period, the unemployment number that friday, thats the
4. 651 . Taking a look at crude prices and how they are digesting in the middle east. Wti is down. 50 . 85 a barrel. Brent is tame this morning at 89. 75. A check on bitcoin days ahead of the halving. We are down fractionally. 63,352. New data from china overnight. First quarter gdp grew 5. 3 year on year beating the estimate of 4 growth. Export volumes rose 14 from a year ago. Back here at home, United Health is out with Quarterly Results. Bertha coombs is here with more. Everybody is looking at the medical loss ratio from the cyber attack there. The change cyber attack is being looked at or accounted for in two buckets. United Health Revenue coming in at 99. 8 billion. Beating estimates. It is unclear if the adjusted 6. 91 per share is comparable to the consensus number. It includes 25 Cents Per Share impact for business disruption costs from the change cyber attack in february. It excludes the costs of advanced payments and interestfree loans due to the o outage which amounts to 6 b
Tenyear note at 4. 556 . Twoyear note at 4. 927 . As you imagine in the energy world impacted by this. Wti crude is not impacted much. Check out crypto. For you trying to watch what the markets may do over the weekend as people were focused on bitcoin since it was trading as the strikes were taking place. 6 66,609. What was the low, mike . Low 60s. I was actually on twitter trying to understand the maneuverings because of the thesis, if you will, around what bitcoin should or should not be in this moment. It doesnt conform to anything lyinearly. This was pretty well telegraphed. You have the broader context which is typically an expected potential escalation of geopolitical conflict is not the thing to really drive the next weeks and months in markets. I do think markets are dealing with other stuff. Right now, a little bit of pressure is taken off because doesnt look to spiral. Oil is in the lied. Lead. The other part of it is were only getting back at the open if this is how it stand