Indictment expected this week and now we burns, drama and paradise. Serenity at the president s beachhouse, asked about the about the maui tragedy, we are looking at it. Democrats anxious about this president , dean phillips went on nbc sunday to urge the president to pass the torch, move aside please. To the markets, dow industrial and s p and the nasdaq opening slightly lower this morning, a red ink this morning. Interest rates, the yield on the ten year moving up to 418 and the yield on the twoyear period slick close to 5 is now at 493 and going up, not good for the nasdaq, look at the price of gasoline closing in on 4 a gallon, 385 for the regular right now. In Washington State and California Well over 5 a gallon. Diesel, truckers and farmers, 4. 31 that is a 46 cents and one month. On the show today, wait for is taylor swift bigger than the beatles, we noticed whenever we mentioned her the ratings go up, jeff sica is pursuing a jihad against disney, why hasnt he sold the stock, be
Speak. Numbers will move around this morning. Dow would open 150 points off. Nasdaq down 60 s p would open off 18 points treasury yields. 10year treasury at 4. 223. It moved up. 2year treasury at 4. 96. As joe mentioned, in the last half hour, fitch warning it may downgrade dozens of banks. The Agency Cutting assessment of the Industry Health in june. Fitch rating stating if the industry is downgraded again, that translates to negative reaction fitch wants to significaal that downgrades not a foregone conclusion he will join us in the next hour to breakdown what with is happening here. Im looking for a trade, courtney i dont see it yet home depot is saying things are crappy in line with the crappiness they talked about you saw it yes fiscal earnings down Single Digits you want to go through the numbers . I dont know if the stock is impacted by the comments exactly we knew they had been looking for the year of moderation fiscal year earnings down it could. Home depot is reporting earnin
For u. S. Steel teslas awful august rolls on and the casino stocks crapping out, after a monster heater. Im melissa lee, this is fast money, live from the Nasdaq Market site. And we start off with a surprising reaction to a pretty disappointing earnings report. Shares of target rising nearly 9 immediately after posting q2 results. The stock closing off those highs, but still up nearly 3 on the day. The move despite some big negatives in the numbers the company reporting its biggest revenue drop in seven years. First samestore sales decline in six it slashed fullyear revenue and profit guidance. Still, even with todays gains, target is far underperforming its retail peers, down over 13 versus double digit gains for the likes of walmart, which reports tomorrow morning so, does targets warning raise a red flag for the entire consumer space or is this a targeted issue karen, what did you make of these numbers . I was surprised at the reaction we talked about this in the green room it wasnt
For boeing from one Major Airlines ceo. His comments coming up in a cnbc exclusive. Later on, the stock that could replace tesla in the magnificent seven and why today may be the opportunity to get in at a discount price. It is friday, march 15th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Thank you for being with us on this friday morning. Lets kickoff the hour with the check of the u. S. Equity futures after the first down day for the dow on the last four on the back of the ppi. The dow implied higher by four points. S p by three points. The nasdaq down by eight. Very, very steady for the time being. Heading into the final trading day of the week, the major averages are holding on to thinner gains. 50 gain for the dow. S p is in a similar move and the slight discounted gain for the nasdaq. You have to not so far for the nasdaq 100 overall on pace for the first backtoback weekly loss since october. Checking on bond market yield
Good morning. This is bloomberg daybreak europe. These are the stories that cite your agenda. A selloff in chinese equities deepens as the property sector crisis continues with Country Garden ocean shares plunging. Save the date. Goldman sachs says the fed will start lowering rates by the end of next june with cuts being gradual and quarterly. Plus the yen weakens through a key level against the dollar, triggering speculation authorities may intervene to support the currency. Good morning. Happy monday. Welcome to a new week. The last week ended with stocks scrambling for something to cling onto. The s p 500 closed a month low. The nasdaq notched its longest weekly losing streak this year and the latest mixed Economic Data did not do much to help. If you are a stock or treasury bull, bill gross has a message for you. He says the fair value of the 10 year up and is about 4. 5 . But look at where we are this morning. 4. 17 , up two basis points. A way off to go. In asia, the selloff in c