Welcome, steve speaking of inflation, julys cpi report showing an increase, less than expected dow up 455 points before just now turning negative s p now down 7 points. Nasdaq down 21 by the way, these losses come after that weak 30year bond option talked about top of last hour sent the tenyear yield back above 10 pressure from that direction and positive earning movers. Holding up the dow now, mixed result plagued by streaming woes restructuring costs and 7. 5 surscriber loss nearly shares up 4. 5 planning to crack down on password sharing like netflix. Alibaba up 4 . Chinese tech giant beating top and bottom line. And lululemon massive hike to guidance keeping up with the growing theme this week, another big deal Luxury Company tapestry announcing requiring versace and jimmy choo for about 3. 5 billion. More on that later in the show. Start with a key read on the economy and the health of the consumer todays cpi coming in just a touch below expectations with year over year rate climb
Kingdom. And ahead, the future for the Company Formerly known as twitter. We will sit down with x corp ceo coming up in the next hour these are numbers that you want to see if youre bull earlier this week there were a number of articles about how we overbuilt apartments and theyre about to come on if thats the last sicking point, the fed cant dough claire victory i think they should do one more just because you want to be sure that the vampire doesnt rise up but this is going jays way. Its not a soft landing or hard landing, its a glide. And the dichotomy, i think that theyre fanciful and speaking more fiction than fact it will be welcome news to those who are long, for example, fang or what we like to call the magnificent seven. Were down, what, 4 and theres negative news out there for nvidia someone saying they cant deliver all the chips. Youre not allowed to say true or false it is not a great move for fang. I do think the trade desk made me feel much better last night for alphabet.
To ride momentum in the state of the Union Address at a Campaign Event in battleground georgia yesterday. But, in an interview that aired yesterday he said he regretted calling her accused of Murder A Quote Illegal During the State Of The Union. Many fellow democrats criticize that comment sang it dehumanized the suspect. Hello Everyone Welcome to Fox News Live i have Arthel Neville hi eric. Ersuper thank you for joining ui am eric shawn we know the tragic details of the brutal murder of lakin riley is still fresh in our minds. Police in Athens Georgia to the 22yearold Nursing Student was killed after she went for a run at the University Of Georgia campus. They say she was found in a wooded area murdered by Blunt Force Trauma and illegal in venezuela. He has a length any criminal record and the u. S. Here is President Biden explaining his aboutface on that illegal turn. You use the word illegal when talking about the man who allegedly killed lakin riley. Undocumented, undocumented shou
Close cooperation with drone crews, reveals the positions of nationalists and camouflaged equipment in the forest. After determining the coordinates, the fighters advance to the line of contact on atvs and deliver pinpoint strikes by our paratroopers, who are holding the defense on the southern flank. Artemovskaya destroyed a longterm firing point of the enemy, the soldiers adopted for this infantry bumblebee grenade launcher. But its already in place. The crew of the ka52 attack helicopters are famous reliable alligators. They are destroying the strongholds of the militants. Launches missiles at the target, then leaves quickly and unnoticed by enemy air defense in the south donetsk direction our marines are on the move. They provide a stable defense under angle, while they themselves strike at the enemy, preventing him from concentrating forces for an attack on one of these operations with the marines went our correspondent Mikhail Chernov here, at an angle for nothing in the south do
Popping today. Plus, cisco shares popping after the biggest slump in years. And ready for walmart as it gets set to release results this morning. It is thursday, may 16th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us on this thursday morning. We begin with stocks trying to extend yesterdays recordbreaking rally. One that pushed all of the major indices, including the s p 500, to alltime highs. Past 5,300 for the First Time Ever and the 23rd record close of the year. Right now, it looks like things may get extended just a little bit at the opening bell. The dow implied higher 42. The nasdaq up by 21. Record highs to start. This is all after u. S. Inflation showed a slight easing in the month of april with core prices excluding food and energy climbing 6. 6 year on year or the lowest since april of 2021. On the back of that, treasury yields are falling off hitting the lowest levels in a month. The teny