Expectations in the Second Quarter but in an interview the ceo confirms when the troubled boeing 737 max will be delivered. We cant finalize what our costs have been as a result of these delays its a dialogue that continues with boeing. And saudi aramco finally launches its highly anticipated ipo with a domestic listing set with december but offers little detail of what may become the worlds biggest ipo. The percentage of investors, international ones versus domestic ones is still yet to be determined after we do the show, the Book Building and after that the price range and fixing the price. Good morning and welcome to the show, street signs is back after being off air for a week kicking off the show today, we are getting some manufacturing data out of the eurozone to give you the october final numbers for the eurozone as a whole 46. 6 thats a little higher of the flash estimate of 46. 2 and higher than the september reading of 46. 1. So manufacturing still moving in the right directi
Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
Munster is ready to hop on the amazon call. He has three red phones. We will start at the charts. Amazon hitting alltime highs after traders dump the stock into the close meantime, alphabet and apple pulling up in the after hours session s. Amazon the new king of tech, guy i ask you a question, who was the old king of tech right . I mean it stands if they are the new ones who was the old one. Apple. Queen latifah has been queen not latifah testimony one in england. Stay on track. You could have made an argument it has always been the king of tech this is what sticks out to me and this is we talk about all the time margins. Operating motherinlaws, came in around 3. 5 the street was closer to 2 . What does that mean . Once again, amazon can turn the dial whenever they want and show profits of that magnitude. Despite valuation is it the new, old king it is the king. It is the king. My opinion. Do you think its the king . Well it has shown signs of rising to the throne for sure. Especially
Nations to say theyll join beijing despite u. S. Warnings. Good morning youre watching Worldwide Exchange. The Business Confident rising to 103. 7 versus consensus 99. 8 and better than expected. This is a rise in all fronts. The march overall Business Confidence index rising to 103. Consumer confidence that index has risen to 110. Back in line with expectations and this is versus february of 107 rises in the month of february. Lets have a look how the euro dollar is trading this morning. A little bit much pressure as a result of the uncertainty around the greek story. Euro dollar changing hands at 108. 30. Were down by a half of 1 . The story has been the strengthening of the euro over the past couple of days. Its come off the highs. It did reach 110 last week it was a twoweek high against the dollar. Take a step back and look at the euro it lost about 20 some analysts say. A big boost for export growth here. Absolutely. A lot of question marks. And our guest later on in the show davi
And wendys. All of them reporting before the bell. After the bell, we get gap, monster beverage, salesforce. Com, splunk, and deckers. Lets get over to andrew with more of todays top stories. And andrew, good morning. Good morning, becky. Were watching shares of jcpenney. The stock spiking afterhours. The trouble retailer reported a loss of 68 Cents Per Share for the Fourth Quarter. That was smaller than expected. Revenue also missing, but heres the good news. The retailer is upping its samestore sales and Gross Profit Margin forecast for the year and youll want to keep your eyes on that. Jcp shares are down more than 30 so far this year. Well be talking more about jcpenney with dana telsey at 7 30 eastern time. Tesla raising cash to expand into the future. The company will be rolling out plans to build a factory and develop what its calling its gen3 mass market vehicle. It plans to build its gigafactory in arizona or texas. The Company Expects the company to run at about full capacity