Welcome to day break australia. Im haidi here with paul. Paul jay powell reinforcing the feds wait and see approach. Oil extending its rally after opec plus sticks with current supply goods. Haidi taiwans chipmakers are set to resume work after an earthquake caused maim damage. Paul lets look at howie shaping up for this thursday in the asia pacific we have just opened for trade in australia, in the early going, just higher by a few points at the moment. Well keep and eye on a few stocks today. Rio tinto, after the Sovereign Wealth Fund expressed concern about the deforestation impact of a bauxite mine in brazil. Gold topping 2,300 an ounce for the first time. Not a lot of movement in yields at the moment. Dewid see yields in the u. S. Slipping a lit a. F. L. Jay powells q a following his remarks. Well get to that in a moment they have aussie a bit of a bep fishery from rare u. S. Dollar weakness, 65. 66 at the moment. Lets take a look at how were doing for japan. Futures right now a l
Of course nasdaq plunging 1. 76 . You have to be mindful we have to be on the lookout for whats called a whoosh or a crescendo of selling that causes a bottom. Usually intraday dont worry, im just putting you on notice. May not happen tomorrow, may not happen next week but it will happen if stocks keep going down like this and the bond market one day stabilizes and we are no longer fighting the darn fed, which we still are. One day that will occur. Not yet. But thats why you need to be ready with your Shopping List of damaged stocks, not damaged companies. Because theyre whats worth buyi buying on the way down you tend to forget about them while this carnage occurs i like to have objective my favorite is when they have down to up volume of 91. It means finally the bulls capitulate and theyve surrendered and therefore theres nobody left to sell which means youve got to do some buying. Now, todays a typically ugly day, not the kind where you get that whoosh bottom i like to look at count
That . I is not overheating, can it sustain that . 4. , that . I think it will. Right now the market is focused that . I think it will. Right now the market is focused on that . I think it will. Right now the market is focused on Recapturing L Market is focused on recapturing what it lost in the 5. 5 pull back we experienced since reaching the 22nd all time high on the 28th of march, and our expectation is we could continue to see us gdp growth in the 2 area but then also see inflation continue to come back down, allowing the fed to cut Interest Rates at least twice by the end of the year. Is Interest Rates at least twice by the end of the year. End of the year. Is there a risk that It Overshoots . End of the year. Is there a risk that It Overshoots . Americans| end of the year. Is there a risk that It Overshoots . Americans saved up that It Overshoots . Americans saved up a lot during the pandemic but now they seem to have exhausted that, so where does that leave us now . fiur where
Markets good morning. Back here u. S. Futures are moving lower, Energy Prices are ticking higher, investors continue to monitor events. In corporate news, nelson peltz putting that pressure on des any. Lets begin with the conflict overseas. Israel recovering after suffering the deadliest attack. Over the weekend immediately i dont know spoke out pledging support for israel. Today the people of israel are under attack orchestrated by a terrorist organization, hamas. In this moment of tragedy i want to say to them and to the world and to terrorists everywhere that the United States stands with israel. We will not ever fail to have her back. Well make sure that they have the help their citizens need and they can continue to defend themselves. So, jim, well watch the tape for headlines regarding lebanon and other places. Might widen the conflict. I feel terribly for great ally of the United States. I dont want to talk about debate, having to talk about what seems like profiteering on a day
Your watch list. Power lunch starts right now. Let it go, let it go i am one with the wind and sky all right. Welcome to power lunch, everybody pap bit of a disney phied power lunch if i do say so im Tyler Mathisen stocks struggling for gains. The dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. You want to know how its trading. Right . It is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. Twitter on a tear, stock soaring to a oneyear high promise me, youll see it in a second in respect it is. Theres twitter going up up 93 or about 4. 5 . No major reason. Just twittering. Its twittering. Retail also rallying best buy, new alltime highs there. Michael kors highest record in two years and lululemon, oneyear high. Nike, tiffany also at new highs. Begin the hour, tyler, with a huge deal of the day, probably the ye