Gold with the worst day yesterday down 1. 3 . Copper up 2 . It hit its highest level since april of 2022. We have been waiting for home depot. It hit. 3. 37. Closed at 3. 40. The same store. 3. 2. Overall, same store is down 2. 8. It was 3. 68 a share. Oh, its all on the teleprompter. Ill read it now. You heard this already. Home depot just reporting. 3. 63. Revenue missing. 36. 42 billion. 36. 66. I dont think those are people are expecting down 3 to 5. The same store sales fell 2. 8 . People were expecting 2. 2 . Ted decker saying the company is still seeing, in his words, continued softness and certain larger disregucdiscretionary pr. It is expecting sales growth of 1 . Lets bring in brian nagel for more. Still seeing same store sales. Brian nagel with oppenheimer. Brian, you figure the stock recently has been a little weak after a pretty good rebound after prior weakness. You dont think it is cheap . Good morning, joe. I dont think it is cheap. That is the key reason why i remain o
You have the nasdaq up by almost 9 treasury yields are a little weaker t tenyear yield at 4. 814 . And openai will have a product Conference Announcement today. Sam altman said they will not launch a Search Engine, but working hard on new stuff they think people will love and feels like magic to me according to people close to the information. This Technology Rolls Image Recognition into one product for advanced Voice Assistant and separately or maybe not separately, you will see how things are coming together apple nearing agreement to use openai and its technology on the next generation iphone to allow apple to offer the chatbot as part of the features that are coming next month. The big issue there, by the way, to understand all of this, openai is now processing all of its queries in the cloud apple, for privacy reasons, is to query all with siri and on the device processed on device. The question is going to be is there a clever way with some of the Openai Technology ends up being
Inflation had markets wondering what comes next. What comes next is the cpi at 8 30. Crude oil prices are slightly higher. Up. 80 . Now to the latest headlines in israel. The minister of energy and infrastructure saying overnight the siege of gaza will not be lifted until the hostages taken by hamas are returned home. In the meantime, u. S. Secretary of state blinken arrived in tel aviv today. He is meeting with Prime Minister benjamin netanyahu. The Palestinian Organization posted on x that blinken will meet with abbas tomorrow. That is coming up tomorrow and the expectation is any invasion of gaza will not happen while blinken is there. That is in the next sixtoeight hours. White house officials saying they arie leaving open the possibility of refreezing the 6 billion after the prisoner swap with the support of hamas attacks on saturday. U. S. Spy agencies have obtained intelligence that shows iranian leaders were surprised by the attack. A second source describing intelligence that
The nasdaq 100 is up about 2 on the day. The two year yield is fighting stability around 480 two into the week, seven basis points lower on the day. Even todays volatility does not show you how crazy it has been, about 5 days ago. The 10 year yield around 450, seven basis points lower. The equity side, apple posting a stronger than expected sales last quarter predicting a return to growth in the Current Quarter despite a drop in revenue. The board approved 110 billion of a share buyback, the largest in u. S. History. Expedia shares are following falling after bookings missed estimates First Quarter cutting Sales Forecast for the years. Weakness in vrbo. And in the amgen ceo says early results from a study of its experimental obesity drug. Amgen is up more than 12 on the day. The job support misses putting a 20 24 Interest Rate cut back in play for the fed according to investors. Mike mckee asked the former st. Louis fed president jim bullard about the fight against inflation in the wak
Johnson. Alix it is 30 minutes into the u. S. Trading day. Here are the top market stories that we are following for you at this hour. Tech and luxury tumult. So tech and luxury stocks were the superstars in the u. S. And europe and now they cannot find their footing. Were going to see if its time to buy. And my confidence level is, i dont know, were going to see. The latest read with instant analysis from dana peterson, chief economist Center Leader of economy, strategy finance at the conference board. And all the buzz from oklahoma city. Tripledigit oil price, politics, supply, china, all the hot topics from the American Energy Security Summit in oklahoma. More with my exclusive interview with rick muncrief. From new york, im alix steele with my cohost in london, tom mckenzie. So i came from my time the oil patch in oklahoma city. Guys going to his fun time which is on airplane show. So youre right in the middle of that for us, tom. Tom we have the Consumer Confidence and now we get