There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
Premarket. The price for paramount. Sony and apollo submitting a cash offer. That includes debt. I will bring you up to date with the very latest reporting on this saga. Lets get the Market Reaction to this mornings job numbers. We were looking for 240. Negative revisions of about 22,000. Bond market kind of sniffed this one out, jim. It did. This is one of those moments where i think youre sitting there and saying, well, think about the narrative we had on tuesday, that tomorrow, powells going to lower the boom and talk about how, yeah, the chances are we could have a rate hike. He would have looked very foolish. Instead, now people are saying, did he have the number . No, it was a pretty tightly kept secret, but when i look at this, i say to myself, all right, we probably will get a rate cut if things get a little bit lighter and that the market is very poised to have a run here, which is really amazing. Yeah, the tenyear right there tells the story, doesnt it, jim . Sure does. Falli
equity futures at this hour. and it s been a very strong month for august that s the best august in 36 years. the s&p is up by better than 7% and at a record high dow futures up by 63 points. s&p futures up by 9. the nasdaq up by 43 and then take a look at pressure ri yields this morning. it s around 0.721% it is a trading day to remember. a new look and amgen, sales force and honey well becoming new members of the dow 30. and two other stocks you won t want to watch today and apple and tesla, both companies carrying out stock splits. apple at 4 for 5 tesla up 5 for 1 the stock prices reflect the splits and apple split changes it s way in the dow. as a matter of fact, apple split seemed to be what precipitated this round of changes in the dow, he ten sapple once it spli fun way around that. so we ll have more in the big moves. all right thank you very much. well, all right. stock giving us news. tiktok s china based parent company says a new chinese law makes a sale of as
And im dominic chu filling in for wilfred frost today. Our top story is of course oil. Venezuelas oil minister is in tehran today, meeting with officials from iran and iraq. The latest report suggests iran will not join in a deal between saudi arabia, russia, and other producers to freeze output at january levels. Irans opec envoy calling the freeze illogical, arguing the current drop in prices was caused by other producers lifting output while iran was under sanctions. Crude prices have been swinging on every report and comment coming out of these particular talks. I think theres actually a genius move on russia and saudi arabias part. A tactical move. All you have to do is just chatter about it. Have a meeting, talk, and they get lift to the oil price. Also, this puts the blame on iran. It makes it look like russia and saudi arabia are trying to be very productive and helpful on the market. I think its a really genius move on their part. A lot of talking going on. The other potential