The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know
First rate cut expected. We will bring you the comments of Andrew Bailey. And the chip designer arm faces a disappointing forecast with fears of slowdown in a. I. Demand welcome to street signs. We open with the spanish banking saga bbva is making a hostile bid for the rifleval with the deal rejed by sabadell board. The Spanish Government says it opposes the move and the proposed merger could create a financial instability. The deal with the two businesses makes sense to bbva and it is an attractive deal. We heard from the ceo yesterday who said there are challenges to domestic consolidation in the Banking Sector this is difficult to make a friendly transaction if you are in a position to be a 50 million euro market cap. This kind of transaction usually goes through a tender offer and probably more style than friendly that is how you do a deal. That is the reason p why it is o easy to do a consolidation this is something that is not so easy to do thats also what you have to remember at
Is down over 15 in after hours trading. Erin delmore explains why. Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of m
We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of metas soft outlook. They outperformed in their results, but the chal