Lets not talk about markets. Lets talk about single stocks we are basically focused on the single stock and of the spectrum. Look at the stoxx 600. Going nowhere in a hurry certainly. Deutsche bank delivers. Deutsches is up by 7 . The Software Company during very well. The single stock stories is really where the action is right now. Is there anything that joins them together . Can we derive a narrative for what we see in the screen in front of us . Alix the divergence between google and microsoft in the Stock Performance is striking. Google is down 8 , almost 9 . It is bringing down the s p, worst performing stock within the s p. You have the underlying earnings as a specific google thing that is moving. The indices is getting hit pretty hard. Microsoft and tmobile makeup from it for it on the tech side. Yields are already up by five basis points. It is probably not helping the macro sentiment. What is them to read through . Then what . What is our take away from that . Guy i am start
Can the consumer hold up the economy . Or will a Strong Economy give the fed cause to raise rates one more time . Kelly . That is the question. Lets get a check on markets, tyler. Because we changed direction once again. Perhaps because of that concern about another fed hike now. The dow is down 77. The s p 11 both quarter percent drops. The nasdaq down under more pressure down half a percent. Is it rates or the fact that the chips have been one of the weakest trades today. Share of nvidia falling after the u. S. Puts new trade restrictions on chips exported to china. Its specifically targets some of nvidias most cutting edge products. Those shares down 5 today. More on that in just a moment. And activists are getting more active. Engaged capital built a stake in the company up 13 . Down 33 for the year. Wyndham hotels says its rejecting a takeover offer from choice hotels. Wyndham saying the deal involved significant Business Risks a nond in the best interest of shareholders. Wyndham
More and more analysts are becoming believers with these levels, should you join them . Well trade that stock coming up. We begin with two big tech topics steve kovac covering Apple Earnings and ayeamon javers in washington we have a historic case wrapping up steve, lets start with you. Reporter yeah, leslie, we have Apple Earnings coming at 4 30 p. M. Eastern. The real, top thing were looking at here is what does it look like over there in china . Were expecting overall revenue to be down about more than 4. 5 . A large part of that is because of these stung lruggles weve sn apple go through in china. Sales for iphones down 13 in the september quarter, and since then, loads of data showing iphone sales have been down as much as 19 . We see other rivals like huawei grow significantly huge competition there by the way, a lot of that data has caused some analysts to trim their estimates for the june quarter in addition to this disappointment theyre expecting in the Current Quarter the que
Europe may have to pay up for premium features. It is tuesday, october 3rd, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of u. S. Stock futures after the mixed monday. We see the nasdaq with the fourday lead. The dow is up right now. Up 30 points or so. Higher for the s p. As always, it is early. We are checking the bond market with the tenyear marching higher. 4. 68. You see the upward move over the last month. These yields moving higher. Something well talk about later on in the show. We are looking at energy. Oil extending recent losses after its worst day since august. Look at the wti crude right now. Up fractionally. Back below 90 a barrel. The move to the down side. A few days ago it was above 90 a barrel. Still positive for a month. That is your u. S. Set up. We now want to go to europe and opening up in the red after the rough session overnight in a
Australia. Im paul allen in sydney. Counting down to asias major market opens. Big u. S. Tech jumping after the bell as earnings mostly beat expectations. A sigh of relief from investors worried about lofty valuations. Elite rebound coming after markets were rattled by data showing starved inflation and slowing growth in the u. S. Economy. It is decision day for the bank of japan. Market players scrutinized for hawkish signals. Plenty on the docket today. Lets look at how markets are setting up for this friday in the asiapacific. April hong is in singapore. Its a big day watching out for tokyo cpi numbers for the month of april do this hour. Of course its about the boj decision and more importantly whether we get hawkish signals. Signals of quantitative tightening. The central bank is considering measures to reduce the levels of bond purchases, and in the meantime the likes of Morgan Stanley and mufg economists flagging a potential young shot from the tokyo cpi numbers because of a lac