Still below 490. Up by about four or five basis points on the day. Risk appetite hitting bitcoin, moving lower. Under the 61,000 level. Down about 2. 8 . Lets talk about some midday movers. Yelp shares are struggling after unadjusted guidance for the full year. Macro headwinds for restaurants and growing competition from delivery platforms can pressure revenue. That is according to analysts at jefferies. Yelp shares down. 4 . Boosted samestore Sales Forecast for the full year. Analyst were positive on the upgrade, highlighting improved margins and profitability as its strategy gathers pace. Sweet green soaring higher than 35 . Ziegler has began trading. More than 30 on the day. We will talk about them later this hour. The dallas fed president says it is too early to think about cutting rates. I need to see some of those uncertainties resolved about the path we are headed and we need to remain flexible to policy and continued to look at data coming in and watch how financial conditions
Just 5 days ago. We had a 50 basis point move in that two year yield seven days, so tremendous volatility in some people data still ahead. The 10 year yield hanging out now below that 4. 60 level. Send midday movers on the equity side, that shows you a little bit of the exuberant under the surface. Qualcomm suggesting that demand for smartphones is increasing after two year swap. The company has been trying to decrease reliance on phone chips by pushing its personal computers, vehicles and other markets. Qualcomm shares rising the most in more than two years. In Apollo Global rose 26 in the first quarter, just shied estimates, but the firm has launched the best performance among of publicly traded peers this year. You see a polish shares up more than 4 . And take a look at peloton also because the ceo announced lance to step down at the Company Looks to another restructuring to reduce annual expenses by more than 200 million. They plan to reduce headcount by 50 . Have a ton shares down
Ferro. In the equity market, posited by 0. 1 . We go to the commodity market, brent 94 94. 93. Tom i take your point, oil is game changer here and it is not 95, it is how we got here. Can you imagine 97 . Why cant you extrapolated out on the edge of 100 . Right now we are at 100 per barrel. Jonathan what is it influence, what does it change . We have to ask a question from the Federal Reserve into tomorrow. Does this change anything for policy and for forecast next year . Lisa ellens that never says no at Morgan Stanley and another at moody say it could be game changer. Saying anything over 100 for any length of time and we are going to be very sick. On one hand, you have to think about what this might do with a diff disinflationary way but also good prices as Mohamed Elerian was changing. Game changing for inflation or growth . Lisa its a great question. We dont really understand. I dont really understand what the major driver is. Is the demandside or supplied cuts. If you have demand
On tv and radio. The only reason we are on tour is bramos birthday. Happy birthday. Lisa thank you. Jonathan what else do we do on the birthday tour . Lisa im going to camden this afternoon. Tom hot, brown water with the king . Lisa you are appreciating yourself. It is a proper hot water. Tom 80 with crumpets. Jonathan lets restart. Fantastic guests, lets start with equity future on the s p 500 positive by. 1 . Not talked about enough this morning, we are very close to highs on the tenure this morning. 434 in america. Tom it is underplayed in america. 10 year real yield as the benchmark, against two percent, anything past 2. 03 is something new. This is underplayed right now. That is going to change abruptly. There is a meeting on wednesday. Jonathan there is neither another meeting on thursday. Your favorite line come that phrase from the disney movie, a whole new world. Tom it is a whole new world. Jonathan when wage gains do not get it done. Tom for the american audience, it is stun
He called their eforts a righteous fight , while insisting that all options are on the table. National union ship will determine the appropriate targets and timing for further Stand Up Strike action. This is our generations defining moment. The money is there, the causes righteous, the world is watching. In the uaw, we are ready to stand up. This is our defining moment. Lets take a quick look now at whats at stake, and whats in play for all 146,000 Union Members to walk out over time. Among the unions demands includes a 36 percent Wage Increase over four years. Automakers have responded with Wage Increases ranging from 17 and a half to 20 percent over a 4 and a half year contract. Speaking before the uaw announcement ford c e ojim farley told cbs news the Wage Increase demands are unreasonable. Weve always got something that is good sides and i dont know whether its good faith on good faith it is just disappointing and so devastating to so many of our employees. 0ur correspondent Mic