There were hours of intense standoff with 00 dropped antiisrael hundreds of antiisrael protesters. Critics have called out President Biden. He has not made an in person statement in more than a week. Peter doocy pressed Karine Jeanpierre about it and whether biden is concerned about how these protests impact his 2024 race. Watch. Is he that worried be about losing the vote with the protesters . The president has taken a lot of policy actions here that he knows that young people care about and a lot of those actions are popular with those young folks whether its giving a little bits of breathing room to student debt relief, the president understands how important it is to deal with that issue, climate change, something that they care about. Maria she did not answer the question. Were waiting for President Biden to Say Something about this. The president you announced hes approving 6 billion in student debt relief, impacting 3 p hundred thousand borrowers who attended art colleges, biden
Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold with the firm hold. Fomc stalling for time, wells fargo.
Not good because it ruins your saturday 60s 70s and 80s. All right. Sounds here at 7 00. Where are we going . A bridge, a freeway. What yeah, lets go to the freeways. And that i want to show you. 80 approaching the macarthur maze. It looks all right. And we do see slightly better conditions today than we had the last few. When we had some pretty terrible crashes. Right now, the bay bridge is backed up a typical delay, maybe about 25, 30 minutes before you make it onto the span, which is normal for this time of the morning. If youre looking at the san mateo or the dumbarton bridges, those bridges are a little bit easier to get to right now. 701 lets get back to the headlines. Thank you. And we are monitoring a developing story ucla where Law Enforcement dismantled a propalestinian encampment there overnight. But there is still a lot of debris left on that campus. But the scene is much quieter now than it was in the overnight hours. Standoff lasted more than nine hours. Authorities from
And here comes apple our trader is poised to take a position in it she tells us what shes watching on that name and two others. Thats ahead but we begin with the markets. Generally speaking, were talking about moves to the upside overall at the highs, the dow was up about 45 points, down eight at the low. Right now, the dow up 150 points, one half of 1 gain there. 38,060 the s p 500 is at 5,038, up 20 points, so half of 1 , as well the nasdaq up about three quarters of 1 , 130 points to the upside, 13,736 the tenyear note yield, 4. 51 the last trade there if you look at that treasury complex overall, broadly speaking, yields have been lower across many parts of the yield curve. Of course, throughout the course of this week, a lot of it has to do with the fed announcement for rates just yesterday the twoyear note yield, 4. 0 and the 30year long bond, all of this ahead of the big jobs report and the focus today is apple the second biggest stock in the s p 500, the nasdaq 100, is now gett
Later on in the session. Will have more on what jay powells comments mean treasury yields here with tenyear yield at 4. 16 . Lets go to lindsey and talk at the same time fed chair jay powell said bringing down inflation will take longer than previously expected he cast doubt at the next policy move could be a hike. Its unlikely that the next policy rate move would be a hike i say unlikely you know, our policy focus is what i mentioned which is how long to keep policy restrictive. Thats all fine and good. Joining us is stifel chief economist lindsay pietza do you remember the days of mike and drexel, lindsey . Do you remember when someone would have a high degree of confidence and when you could arrange financing . Do you have a high degree of confidence we know exactly where we are in terms of inflation and rates right now . No, i think it is telling that the fed chairman conceded it will likely take longer to gain the confidence and inflation is back on the disinflationary trend and a