Have already filed suit against it. The director of the cfpb about what is next. Congress expected to vote on tiktoks fate here in america. The streamers nearly shutting out of last nights oscars and a new partnership. Well speak with former tiktok ceo mayor and entrepreneur gaylord. Lets get to bob pis an owe the floor as always of the nyse. Lets take a look at the mixed. We had a choppy day for the s p 500 and its been led by consumer staple stocks and thats nice to see. Materials have been strong and banks. Techs lagging. The nasdaq is struggling to get positive and it cant quite make it, and the dow is trying to rally in the middle of the day, and its been weighed down by a couple of names. Caterpillars down about 5 today. So weve had a mixed day in technology. Bigcap tech ismixed and apple is up for most of the day, nvidia, microsoft, apple, microsoft and nvidia to the down side and other big names with big momentum also slowing down a bit and industrials have had a great run. Ge,
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
To agree on terms of the deal according to sources. We will discuss that and much more. First, we check on markets. Calm before an earnings storm. Nasdaq up. 1 . A lot of auctions on deck when it comes to debt in the United States and what that means for supply and borrowing costs to the high side. We are steady at 4. 62 . What of chinau. S. . We will dig into that. The vix at an 18 handle. We have seen less of an aggressive bid into risk assets. We are still up broadly. This is after the halving without a hitch. A pullback in Bitcoin Mining may mean an uptick in prices. What are you watching . Ed a firm focus on tesla. We are at session lows down 4. 6 , down for a seventh straight day. Price cuts around the world over the weekend. Layoffs continue. Fsd down to 8,000 in the United States. We will bring you the big take later in the show where we have reported new information about the layoffs, robotaxi, cheaper ev model. In 24 hours, we have one of the most important earnings calls in
Apple announced that the Reese's Book Club will now be hosted on Apple Books. This will let Reese Witherspoon's fans and followers follow her monthly audiobook
Apple Books becomes official audiobook home for Reese s Book Club mactech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mactech.com Daily Mail and Mail on Sunday newspapers.