Those hyped players of the n. B. A. Zion williams that is set to miss the start of the new season plus spying allegations that the Rugby World Cup is in one spot an unwanted spectator at training out of their 70 final against news to. Tell hes president rushed up talk about iran has repeated his threat to restart the military operation against kurdish fighters in northeast and syria iran is heading to the russian port city of sochi where hell meet fatima prison the leaders are expected to discuss the tuckers ceasefire that was brokered by the United States which is due to expire in just a matter of hours the cut is Syrian Democratic forces have pulled out of some areas along the border but not everywhere agreed under the terms of the truce. Vladimir putin will discuss all the steps to be taken in order to maintain the territorial integrity of syria and to cleanse the northern parts of syria from terrorists and terrorist organizations we will also be revisiting the efforts made for draf
Good wednesday morning, welcome to squawk alley. Im carl kinquintanilla, with Morgan Brennan the dow down 538 and the other big story is the inversion of the yield curve which has preceded every u. S. Recession for the past half century. Were going to watch that carefully along with the vix above 21 dom chu is looking at some various factors about the curve and how it might affect assets all around the whorld. It was just around 6 00 a. M. Eastern time that we did see that inversion, the difference between the two and the tenyear looking like its moving higher. You can see the tenyear note yield curvely 1. 584 , no longer inverted however, it has widened out just a little bit two basis points separates these two particular yields. Thats going to be a big deal. Like you said, it has been a possible reliable recession indicator, and one of the ways youre seeing it here is how long its been since weve seen the last move in that particular yield curve. You have to go all the way back to 20
Is you need to keep oral headlines in the final hour and major widely held stocks cratering or soaring. Thats what we are here for, the market taking a sudden gap down 14 minutes ago. S p 500 down 28 points, the nasdaq nearly went negative but up 21 points, Dow Jones Industrials had a session low, now it is 15 minutes ago, earlier it was up three points, we have fumbled hundreds of points in the last couple minutes. The issue beyond the headline which involves apparently a ramp up in activity both over the skies of gaza and israel, a big hit to chevron, shares at session lows, down 6. 5 , 52 week low earlier, 145 and 3 pennies. It has stumbled lower at one 4453. Part of this is tremors in the release, the oil giant was punished after profits in the Third Quarter from a record a year ago. We have crude Prices Higher in the aftermarket, chevron did warn production in the gas field which chevron halted after the hamas attacks october 7th could hurt fourthquarter output. The market obvious
A few days ago it was the nasdaq at 7,000 overnight in asia, the nikkei, if you think these numbers have been good here, up by more than 3 . It had been closed for a bank holiday over the last two days so it had some catching up to do right now you can see the hang seng closed up by a half percentage point as did the shanghai if you look at whats been the early trade in some of those european markets that we watch closely, up across the board gains of almost a percent for the dax in germany and the cac in france. Ftse hanging in there. Still in the green with italy and spain, each up by 1 and look at crude oil prices yesterday a rally in crude oil, up by 2. 1 this morning additional gains of 11cents. 61. 74 a barrel for wti big corporate stories of the morning. Tesla is still struggling with production the carmaker releasing Fourth Quarter delivery numbers that fell short of expectations again, pushing back production targets for the model 3. Tesla delivered 1550 units of the highly an
And it did so at a record pace. It is the latest show of strength that has taken that blue chip index up more than 25 over the past year. The economy is growing. The labor market is strengthening as evidenced by todays private payroll jobs report. Corpore profits are rising. And it didnt g we broke a very, very big barrier, 25,000. And there were those who say we wouldnt break 25,000 by the end of the eighth year. We did in fact break 25,000, very substantially break it, very easily. So i g new number is 30,000. But what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401 k s that are flourishing. The dow jones industriae adv 25,075. The nasdaq added 12. The s p 50 10. Bob pisani takes a look at the first big milestone of 2018. Reporter the dow hit 25,000. It hit 20,000 almost exactly a year ago. Many are amazed that the market keeps enhancing. Its not incomprehensible. China has had gdp growth at 6. 5 . The japanese market jus