The focus shifting from Central Banks back to trade ahead of the g20. President Trumps Administration up in the antiby blacklisting another five chinese tech companies. Yvonne perhaps dampening the prospects of getting any kind of deal at the g20. Seems like when it comes to the oil market this escalation of tensions with iran, it perhaps is offsetting what we saw last week on the markets. A lot of uncertainty on the geopolitical front. David on one hand you have that of grants. Terms great headline here out of bank of america. They released her latest report. G20 plus fmoc equals perhaps a good formula for ef. We are flat on the benchmark. Coming off three weeks of gains for global stocks. Four weeks of gains. Study in the treasury market. Flip the boards and look at where we are on the currency markets. Also on china. Where are we here . I am looking at a lot of the pairs. Dollar is still on the back foot. South korean yuan topping the list earlier. Looks like we will have a mediocre
Joseph. Were happy to have you here. Always. People have things. Its summer. If they asked me next week, i would say no, im on vacation. Even to spend time with you, i would turn that down. You know what, i take everything you say seriously, because it just makes me, right, i believe you. Yeah. Theres no reason to not believe me. Its not necessarily sarcasm. Not necessarily. Lets take a check on u. S. Equity futures. Joe mentioned towards the end of the session, we came off in the middle with the higher beyond yields, take a look at how were set to open. Look looking to lose 8 at the open, the dow looking to lose 49. After a day of declines. The dow fell 291 points on track for the worst week since march. The dow, s p and nasdaq are down more than 2 of the week. For the dow, its the first time it closed below its 50day moving average since june. Check out the pullback in technology. We have been talking about this for some time. The declines are stark. Apple, meta, microsoft, each more
Trailed airbus. What is next for boeing and boeings investors . Today, equal payday. The date in a new year, a woman has to work what a man did the previous year. Well speak with the ceo of a Company Working to make compensation more transparent and get the payroll name that one analyst says is undervalued. We begin with the Market Action with dom chu. Im going to give you the shake it off numbers. Right now, were talking decentsized gains across the board. Its groween across the screen d by the nasdaq, up 150 points for the composite index. 16,168 the last trade there. You have the s p 500 benefitting from that bigtech trade, up 34 handles. 5152 for the s p 500. And the dow industrials, the laggard of the session so far, the blue chip index only up one quarter of 1 , 38,833, worth about 113 points. No records yet, but were close, so well keep an eye on that. The other thing to watch out for is whats happening to Big Technology in that trade. As brian pointed out, we did get a slightly
For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
The faa audit. Later, disney gets personal as nelson peltz takes on the board. Its tuesday, march 12th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being here with us. Lets kickoff the hour with the check of the u. S. Stock futures after the mixed session yesterday with the nasdaq posting the second down day in a row. Look at futures right now. Just a mixed picture. Dow is moving a flat. The nasdaq is firmly in the positive territory. S p is the same story. Stocks are looking to make up ground this morning, especially after nvidia with the sharp move lower on friday. Its biggest down day in a year on friday. It was higher yesterday and higher this morning. It is up 1. 5 . Nvidia is among the premarket gainers. We have the cpi due out at 8 30 a. M. Eastern time and we see the benchmark at the same level as yesterday at 4. 08 . We are looking at bitcoin. Trying to hold above 72,000 mark. We are seeing bitcoin a