Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Our road map does begin with, well, what else . Big tech, chips, and a. I. , Semiconductor Stocks are coming off what was the second worst week of the year, and of course, mr. Jensen huang is set to deliver what is a very hotly anticipated keynote speech that is later today. Were also keeping an eye on shares of apple and alphabet. Theyre both up ahead of the open, particularly alphabet. The tech giants reported by bloomberg to be in talks to license googles a. I. Engine, gemini. That would be for the iphone. And oracle shares are surging more than 10 in just the last week. Again, why . Well, a. I. Progress. Ceo chuck cisco shares. Cisco shares. S cisco. You know, i dont sometimes, jim, you read it if you put it there, he will read it. And youre right. And oracle had a great week, and shes on the board of disney. Lets go there. Yeah. Thanks, guys. I was, like, what . Hm. Yeah, we got Chuck Robbins coming up. Jim, youll partake in that. Theyre closing the splunk deal so thats coming up
Plus, march madness officially kicking off this week and the games have changed dramatically. Now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play pay players for their names and likenesses. We will get that back to back. Two straight losing week spirit had not happened since october. You can see the nasdaq is leading the way higher by about 1 . The s p 500 not too far behind and the Dow Jones National average of 3 10 of a percent. Ai optimism boosting tech stocks and not just in video which we have already seen. Google and apple may be working together. Those reports both helping those two stocks as well. Now to the two big events that markets will watch this week. First up jensen wong, nvidia ceo delivering the keynote. That is today at 4 00 p. M. Eastern. Everyone wants to know what he will say about demand for aig chips and what they have in the pipeline. Coming up n wednesday, jay powell, we will hear from them to 00 at 3
Us in a couple minutes. Plus, nova nordisk is experimenting with an obesity drug. And big tech struggles. Apple, those shares are looking for a bounce after a sixday selloff. Tesla, similar story. No longer one of the most valuable s p 500 companies. Lets begin with the 1 billion Equity Investment led by liberty strategic capital. Hes going to join us in a few moments. Got some clarifications today. More data on deposits, the percentage that are insured and so forth. I think its important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. The cover bid, much lower. It ended up making him a lot of money. Thats being dredged up as somehow against him. The reason i mention that is because the risks may even be bigger here. If only just because were dealing with so many rentcontrol units and the law changed ip2019 to make it so those
Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m