Market site. Our guest trader for the hour, lori cave cena welcome. We start off with that muted reaction to the markets Inflation Report this mornings Inflation Report. The market rising as much as 455 points early in the session, but losing steam throughout the day, closing up just 50 points. The s p and nasdaq following similar trajectories the benchmark up just a point. The reversals coming despite the fact that Consumer Prices rose less than expected in july, 3. 2 , versus 3. 3 estimate the drop in gas prices outweighed by a rise in the cost of food and shelter, so, todays action suggest a shift in the markets focus, guy . Its interesting. The s p closes flat, i get it, and lori has thoughts on this, and i mentioned it here, but what i took away, the move in the bond market was, again, extraordinary, in a word yields open on the lows. Spent the rest of the day rallying to basically the highs. I dont think thats good. Bill ackman ringing the bell in terms of his bond call, that top
The taxpayer burden. And later on, why President Biden is calling china a ticking time bomb. You are watching Worldwide Exchange here on cnbc its august 11th, 2023 good morning man welcome to Worldwide Exchange. Im dominic kamalachu. Lets look at equity futures we are moving marginally up or down p the s p is implied lower by two points dow implied higher by 19 the dow, s p and nasdaq are coming off a higher session on the heels of the upbeat cpi report week to date, it is painting a different picture. Look at the dow industrials. North of 1 declines for the Nasdaq Technology may be lower for the week, but small caps have it worse with the russell 2000 on pace for the worst week since late june. Down 1. 75 on the week to date basis. On the bond market, yields on the 4 level are still in focus with regard to the u. S. 10year treasury right now, it is 4. 08 the 2year treasury is lower at 4. 81 . The 30year treasury is below 4. 25 right now. On the energy, oil prices are on the move we ar
With a lot of money and left others pulling the bag but we did not pound the table on the network for either of those people. Somebody else did though. Always. Very enlightening. At the moment we are looking at stocks mixed in this final 59 minutes of trade, we are going to get to the markets we are getting breaking news on the maui wildfires right now. Thats evacuations of the Hawaiian Islands in kenya in the last 24 hours alone, 15000 people flooded the airport to flee for major wildfires that have been raging since tuesday. Hawaiian airlines on southwest out of place to help evacuate both residents and tourists. Southwest dropping prices as low as 19 a ticket on its oneway flights departing now is airport for honolulu we should let you know the latest death toll jumped to 55 now but it includes bodies found only outdoors. 80 of buyers have been contained the risk of wind reigniting. Authorities have not been able to safely search Building Structures for victims so the death toll cou
Welcome to barrons roundtable where we get behind the headlines and prepare you for the week ahead. I am jack otter. What is the fitch rating downgrade mean for the healthy economy. Has the fed defeated inflation . Ill ask economist Jeremy Siegel remember the jetsons flying cars, we are one step closer as air taxis are set to kick off jovian beaver will tell us how it works. Later tupperware popped the lid off stop jumping 500 in one month. We begin as always with three things investors on a think about right now. Stocks were down for the week as bond yields search ten year treasury hitting the highest number since last november before pulling back on friday but cooler the inspected jobs report lifted spirits to end the week. Ship stocks have rallied on a. I. But rally from the biggest Semi Conductor disappointed investors. Amazon with a massive profit, will take a look at the tech giant stop what we learned about the health of the consumer. On the barrons roundtable carleton english a
Welcome to barrons roundtable where we get behind the headlines and prepare you for the week ahead. I am jack otter. What is the fitch rating downgrade mean for the healthy economy. Has the fed defeated inflation . Ill ask economist Jeremy Siegel remember the jetsons flying cars, we are one step closer as air taxis are set to kick off jovian beaver will tell us how it works. Later tupperware popped the lid off stop jumping 500 in one month. We begin as always with three things investors on a think about right now. Stocks were down for the week as bond yields search ten year treasury hitting the highest number since last november before pulling back on friday but cooler the inspected jobs report lifted spirits to end the week. Ship stocks have rallied on a. I. But rally from the biggest Semi Conductor disappointed investors. Amazon with a massive profit, will take a look at the tech giant stop what we learned about the health of the consumer. On the barrons roundtable carleton english a