Morgan stanley topping estimates. Netflix and tesla after the bell. Plus, chinas outlook, q3 Economic Growth coming in better than expected. Jpmorgan, citi, and nomura all boosting their forecasts on the data. The nvidia headwinds. Morgan stanley and citigroup lowering price targets on the stock after new u. S. Restrictions on chip sales to china. Shares down nearly 2 ahead of the open. Lets get to the markets and this busy morning on the earnings front. Were graduating, sara, from the big banks, although we got Morgan Stanley today, into some of the regionals and more of the consumer names as well. Kind of a mixed picture across the board. I think front and center is still this move in bond yields that we have been seeing, especially on the back of yesterdays move higher. The twoyear yield got to 5. 2 . Above 5. 20 , yeah. These are very high levels and it makes you wonder with everything going on in the world and with investors so focused on the geopolitics and figuring out, does ira
All over all over you can feel it all over everybody all over people every four years the word party means, good evening from washington know everyone. Every four years the word party means the same thing to the rest of the country. Two massive parties and multiple ballrooms. Still going on tonight at the Washington Convention center. The inaugural ball, the commanderinchiefs ball. There are other celebrations around town, big and small. These are the biggest and the big names from alicia keys to the cast of glee to the president in chiefs ball and president obama introducing the first lady. I said today at the lunch over at the congress that some may dispute the quality of our president but nobody disputes the quality of our first lady. Ladies and gentlemen, my better half, and my dance partner, Michelle Obama. That was the first dance of the first couple tonight, literally and figuratively, they have been to this dance before. This time around the first lady promised to slow down and
About to start again. I, Barack Hussein obama, do solemnly swear. Those who say that were in a time when there are no heroes, they just dont know where to look. Our challenges are great, but our will is greater. There is nothing wrong with america that cannot be cured by what is right with america. The United States will not ignore your oppression or excuse your oppressors. All are equal. All are free, and all deserve a chance to pursue their full measure of happiness. The president ial inauguration is getting under way right here on the capitol, and we have a front row seat. Here on the National Mall, people are staking out their spot to experience this moment in history. The sun rises on Barack Obamas second term. We gather because we have chosen hope over fear. Unity over purpose. On this day, a public celebration of the presidency after a private oath the day before. So help you god . So help me god. On this capitol where so many battles have been fought and will be fought, politic
Well, thats our edition of 60 minutes on cnbc. Im bob simon. Thank you for joining us. [ticking] joining us. This is cnbcs special coverage of the second inauguration of barack obama. From the death threat to the nations economic recovery, the issues that matter most to your money. Here now Tyler Mathisen and john harbaugh. Good morning, everybody, and welcome to cnbcs coverage of the second inauguration of barack obama. The 57th inaugural of an american president. Between a half a million and 800,000 people are estimated to attend todays festivities. Most of them not very close to the capitol where the swearing in will take place. Thats roughly a third of the number who attended president obamas first inauguration four years ago. Once again welcome, everybody. Im Tyler Mathisen joined by cnbcs chief washington correspondent john harwood. Great to be with you on this day of history. Welcome to d. C. Good to see you. The oath of office will take place in about 50 minutes, but today, of