Chewing through the nikkei in japan down 2 preaching had composited china point to 9 . Cheryl holiday delivery nightmare ups warning delays just in time for christmas. Fbn am starts right now. Lauren good morning. It is wednesday, december 6. Im lauren simonetti. Cheryl i am cheryl casone. Get ready for this package is to be a little bit later. Lauren i dont get it. They beef up their infrastructures because they know they will see delays but yet they obey. I dont get it. Trying to break in this morning, and maybe shake. President trump will declare jerusalem the capital of israel and a plan to move the u. S. Embassy from tel aviv to the holy city. This is a promise past president s have made. Bill clinton, george w. Bush. In 1995 by a vote of 93five from the United States senate declare jerusalem to be israels capital and promised to move at their years later. Cheryl critics say terms could trigger violence from the anger arab allies and damage efforts to get a two state solution. Isr
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im Morgan Brennan. Good morning great to have you with us its not a great picture for the futures market this morning. Big selloff in asia has infected the rest of the world. Futures pointing lower to the tune of 70 points. Less pronounced in the Asian Session or the european session. Nasdaq down 23 the s p down 6 yesterday the broad summary was that a small tech recovery was not enough to spur the other indices higher we were down 0. 4 for the dow and s p. The nasdaq did outperform but down slightly. 10 of 11 s p sectors were lower. Only tech was higher tenyear treasury note has been slipping in terms of yield this week so a riskoff sentiment. A bit of buying of the tenyear bond has pushed yields down to 2. 33 this morning. Over the weekend we pushed above 2. 4. Its been a steady slippage. A bit of buying of bonds over the course of the week turning to asian equities red arrows on that continent lower trading
Vengery link that does it for squawk on the street. Lets send it to squawk alley. Over to you. Thanks. 11 00 a. M. On wall street and squawk alley is live welcome to squawk alley. Im Carl Quintanilla good to have you deidra, sarah is off joining suss partner gnb capital and the founder of earn. Com. Good morning to you both over the last five trading days, tech stocks, which were leading the markets higher for the entire year have turned lower. Today the nasdaq is slightly positive this rotation isnt just on wall street a number of articles in the past few days talking about Venture Capital funding drying up, or at least having peaked in the seed round. Called the hot money party tends to move around facebook ipo run up subsequently in 2013, 2014, big in seed a, thats where the capital went. The hot party moved in 2015, 2016 it went unicorn hunting, saw a lot in ipo, labor deals that hot party money shifted in 2017 very clearly to initial coin offerings. Thats where the action is today
Productivity washington helping drive stocks lower. Bitcoin boom, the cryptocurrency surging past 12,000 for the first time ever. And the buyback trade, home depot announces a 15 billion repurchase plan as congress looks on track to pass Major Corporate tax reform mute you futures moving lower three day losing street for First Time Since august. Data from adp, the private sector added exactly 190,000 jobs that was the estimate in fact. The year to date average now, 209, which is better than last years 181 well see what friday brings. Look, i think were in one of those moments when i used to trade professionally where you would come in and say it wants to go down i was watching will and morgan this morning japan is down. I said to you on cross talk, copper had a bad day you know, theres a belief that maybe tech is slowing down, which i cant find i ask everybody there isnt a big firm where is tech slowing down, cant come up with it. But the market wants to go lower and its okay. If we ha
Last night incredibly smart man, david rubenstein, the coceo of the Carlyle Group said what hes worried about for the next two years is an unanticipated geopolitical event call me a worrywart, but i have a list of things that dog me really not much happened dow dipped 40 points, closed badly at the end of the day. I think its worth going over my top ten worries as we head into 2018 before i give you the list, though, let me just say im not a big fan of the term, black swan the idea that something terrible and unexpected could be on the horizon. We have to be ready for anything a black swan is something you dont see coming but weve got lots of things that can be anticipated. So let me tell you what i look at when i wake up. First, im very concerned about whats going to happen with the tax bill for the longest time i didnt really focus on the details because i didnt really think congress was capable of passing such a Sweeping Change in tax code well, im completely wrong instead is looks