Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
Suni, great to see you again, welcome back thanks, scott, great to be here where are we in this rally, as volatility has picked up. For sure. Concerns picked up but where rates are going. Yes how does it all play out . Honestly, i would call these growing pains, to quote our house view on the ceo side there are opportunities here there will be a little dip coming out of rates. I think well see higher rates from here, temporarily pushing the market down a little bit we still like the story, the trend is going to be up. The fundamentals are strong across the oard. Value stocks versus growth im not walking away from the super Growth Stocks that are driving change around the world. Feel pretty good about the rally continuing but as you say, volatility is up rates volatility is up, highest point 25 in the last two weeks alone. Are we, michael, on the cusp of the longawaited correction, as a result of rates maybe thats what everybody is worried about. The volatility weve seen in the last few
Im jon fortt along with david faber here at post nine. Carl quintanilla is cold out in minneapolis ahead of sundays super bowl let us send it out there now to carl who has more on some big guests coming up this hour carl yeah, jon minus seven this morning that will wake up. But were in a nice enclosed set here not too far from u. S. Bank stadium where the big game is coming up on sunday. Big hour obviously, well watch the markets closely. Well check in with j. J. Watt, Houston Texans linebacker about his being a finalist for the nfls man of the year. Also, about his guesses for the game and popularity of the nfl speaking of that, well check in with the chief marketing officers of pepsico north america bench and fritolay north america about the big purchases theyve made not only on halftime but the ad campaigns. The popularity of the league and how they translate that to consumers through the marketing dollars. A big show coming up all right carl, thank you. Lets get started talking abo
Individual stocks time and time again from my deus that arent reflected in the broader averages lurk everywhere you look. Sure, you couldnt see it maybe today and the smoke declined three points and the s p slipping. 7 and the nasdaq slipping. 02 but with creativity and smarts they kl relatively easy to find. I often say good ideas are often right in front of our faces and on the dinner table and the mall which means the gains are there to be had as long as youre actually looking at them. Eyes open. Today i heard a raft of these stories. Actually, way too many to detail on the show at the delivering alpha conference thrown by cnbc and institutional investor. Let me give you the ones that i got to delve into firsthand so you can understand the ease with which these ideas indeed can be found because they are everywhere but there was a plethora of them out there today. For instance take these shoes, okay . Take them why not . Honestly, i didnt shine them and i didnt get a chance to take t
We get whacked upside the head and the pain the house of pain. Can be excruciating by stocks even if its masked by the placid averages as we saw today. The dow slipping 48 points and the s p. 22 and nasdaq declining 1. 9 and boy did it feel worse than that. For some stocks there was no escaping china whatsoever even though the Chinese Market rallied yesterday, we got news out of bmw that was extrapolated with negative pin action. Quite upsetting. To quote a reuters headline, worsening Chinese Market could hit forecast. The article goes on to say that bmw which happens to be the Worlds Largest luxury carmaker warned on tuesday that the financial forecast for this year could be at risk from any further deterioration in the Chinese Market where theyve begun to fall for the first time in a decade, end quote, such as bmw thats squawking while the stock market really ails. Audi, good company. Worldwide sales leader said the same thing not that long ago. Ford and gm, we know theyre struggling