Thats where were going to start, because thats where the pain was being felt, but now services green, financials green, tech green, health care is green, as well. We were going to say tech was mostly lower, the gain in nvidia not enough, but as we said, the situation continues to change which is why we have to watch this final stretch is closely. Our talk of the tape, when will stocks stabilize . Are they in the process of doing that. Is tomorrows jobs report the key . Do we have to wait for earnings or beyond that. Lets ask the Wharton School professor Jeremy Siegel who joins us from philadelphia. Always good it see and talk to you. Good to see you, scott. You know, market is changing and a lot of people are concerned were in the most of moving lower because rates move higher. How concerned are you right now . Well, i think there should be no question now that fed should be done. Weve had almost 50 basis points of tightening on the long end since last meeting and by the way, tightenin
Month for the markets, s p is fractionally higher by four and nasdaq is up by 12. These are small gains for the two embassies. We were mostly higher earlier and kind of hire now but these numbers are not accelerating by any means. What is accelerating his United Auto Workers strike. We had latest headlines from the picket line which is leaving little hope for the end of the strike anytime soon. Ford is saying despite progress there is significant gaps to close on key issues before labor agreements can be reached. Meanwhile the uaw expanded strikes against gm and stellantis to 38 different Parts Distribution Centers Across the country and the uaw strike obviously is continue to heat up in another American Strike seems to be cooling down. Lets give you the good news on this monday the hollywood Writers Strike that is looking a little bit better. Lauren simonetti with a potential deal with a fivemonth walkout, hard to believe. It is unbelievable. The Writers Guild of america calls this te
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said, we think policy is well positioned to handle the risks
Christiano ronaldo has been named the worlds best player. He pips messi and neymar to the ballon dor. And the winner is. Coventry a night of celebration for the city, after its awarded the next uk city of culture. And snow has been falling overnight. Warnings of disruption later in the day. Carol has the full forecast. Snow has been falling in the north and west of the uk and in the midlands. That will continue through today. Some snow showers getting into eastern areas and there is ice to watch out for first thing. A cold day as well and windy, but not as windy as yesterday. A full forecast in15 windy as yesterday. A full forecast in 15 minutes. Good morning. First, our main story. Theresa may has just arrived in brussels after intense negotiations which continued throughout the night to try to break the deadlock over the irish border in brexit negotiations. We can talk now to our Political Correspondent chris mason whos in westminster. You are really where the story began ina you are