Day. Saudi arabia already scaling back production ahead of the may 1 deadline. Lets take a look at how markets are setting up. New zealand is closed for the anzac day public holiday. No trading in kiwi stocks. Seeing optimistic. Japanese future going higher going into the bank of japan decision where bond buying could be on the table. Watching the japanese yen as it passes through rumors and conflicting reports on the health of the north Korean Leader, watching for a risk asset. Side in asiane trading monday, reflecting the pickup in u. S. Trading friday although we are seeing u. S. Futures trending lower in the morning asia session. Saudi arabia has already started curving output ahead of the may 1 starting date for the opecplus output and production curve agreement. Four days of gains when it comes to oil prices. Shery global confirmed cases having an impact on the markets, approaching 3 million according to data elected by bloomberg and Johns Hopkins university. There are signs new
Of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. Nasdaq 100, very tech heavy index, add session lows, down more than 2 . We had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4 , double the decline of index, the biggest drag amd. We will get to that in the second. U. S. 10 year yield above 4 and bitcoin moving back above 29 thousand u. S. Dollars, the token we will focus on crypto halfway through the show with sonali basak. The earning story, two names in particular, to start with amd, it beat on the top expectations in the quarter gone, sides of recovery in the pc market, a longterm projection about the Market Opportunity for them in the context of ai and Ai Accelerators. I will be joined later in the show to go through the numbers and talk where amc sits in the ecosystem. Then pinterest,
Tomorrow night and apple making a nice move today as well. So were going to get to all of that. I do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. Glw, trading right around a 52week high. I dont know, pennies away from that. On pace for its seventh straight day of gains. Amidst this momentum, why are you buying it now . So it might be a little bit short term overbought, but this is the type of tactical situation that viewers of the show know that im personally looking for. Im looking for really Good Companies that are at some sort of an Inflection Point where the buyers are overwhelming the sellers, and thats exactly whats happening here. This is one of the Oldest Companies in america, 170 years of innovation. Theyre in all sorts of verticals, life sciences, mobile phone and computer displays, specialty materials. But the real driver here, judge, is optical fiber. If people were around du
The table. Today the feds governor, Michelle Bauman says the policy rate may need to rise further to stay behind the goal. So what should we expect from Monetary Policy and for the markets overall . Joining us now is Marathon Asset Management chairman and ceo, bruce richards. Reminder, marathon has 20 billion in assets under management. Always good to see you. I do want to talk about the fed and inflation and everything, but i think we first have to start with the middle east and whats happening in israel. You see this as a macro challenge for the markets, for the economy . Well, first, let me say that we all pray for peace and stand with the president of the United States, who stands staunchly behind the support of israel. I say that as a personal citizen, as well as a ceo of marathon. Listen, israel is a great credit. Its an aplus rated credit. It has a strong currency, the equity market has done woeell or time, its bonds trade well and its debttogdp is over 60 . In terms of risks re
126, the s p up 23, the nasdaq gaining 89. The russell 2000 is the big percentage winner, up 1. 5 or 26 points. But on this fourth day of the bloody war between israel and hamas, it is just after 10 p. M. Where hundreds of rockets and guided missiles continue to crisscross the sky. Israel fighting back and close to launching a mass ground offensive into gaza after Hamas Terrorists invaded israel saturday night, slaughtered more than 1,000 civilians. President biden just speaking within the last 20 minutes saying at least 14 americans have been killed in the violence in israel, and more than 100 people have been taken hostage by hamas, at least 4 of whom are american. Fox news is also reporting that according to journalists on the ground, soldiers have found infants decapitated by the terrorists in the villages that have finally been secured by israeli military. But help is already on the way. Take a look at boeing. Shares are moving higher, they are at the top of the Dow Jones Industri