katty kay said earlier, has 2% inflation over 10% inflation, an energy crisis, the possibility of blackouts, 1970-style blackouts coming this winter, and strikes looming on the horizon. things are dark, indeed, for whomever replaces liz truss. she was sort of the ultimate simplistic free marketeer. she felt whatever the circumstances, the tax cuts the solution. of course that s what the markets reacted to. so in a way the ultimate free marketeer was defeated by the free markets. you can t afford this, the timing is offer. the british political system and british people won t accept this in a time of growth. she couldn t defeat the markets. so, whoever comes after her is going to have to first and foremost adhere to james carville s saying, if i died and came back and were recree itted, it would be as the bond markets. but, you know, if you judge britain as a balance sheet, as an economy, as a society, it s actually it looks fine. these are all unforced errors. these are
i m not the governor who attacked walt disney world because they expressed their point of view. i m not the governor who attacked the cruise industry because they wanted to make sure they weren t sick before they got on the boat. you re the most ant-business governor i have seen. a baseball team for send ago tweet saying that they were sorry that children were gunned down in uvalde, suddenly the governor of florida decided to actually penalize a baseball team for expressing sympathy with the parents of dead children. culture wars were a major topic in last night s debate between the two candidates for governor of florida. we re going to have more from that show down this morning, including the big question ron desantis would not answer. plus, the latest from eastern europe as there are growing fears that vladimir putin is planning a new type of attack as a justification for escalating the war with ukraine. also ahead, adidas finally appears to be taking action on its
Its end. The shareholders place their final votes in the battle between the mouse house and trion. We will share it sit down with a shareholder, ross gerber. Caroline spotify raising prices for the second time in a year. We will discuss that and so much more through it throughout the hour. We have a strong set of data when it comes to adp numbers and the labor force in the u. S. Maybe a pullback in the Services Area that breathes life into the equity market after the biggest selloff in a month yesterday. We are up on the nasdaq. Tenyear yield crescendos higher at the moment. Borrowing cost moving with the idea the market thinks maybe we will not get the three rate cuts the fed reserve has signaled for this year. And looking at taiwan trading. Look at whats happening in the world of crypto briefly. Currently up 1. 4 , spiking a little bit in the last couple of hours of trading. We are still at the 66,000 level. The etf flows have slowed somewhat, that means for volatile trading over in
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally