Good morning, everyone, the rise and rise of bitcoin continues since it easy to invest in etfs arrived, its gone straight up, today a new record high, 72000, it hit that mark, now its at 719. The having takes place next month, the supply of bitcoin and investors like you, new highs for bitcoin, round the subject of record look at gold getting close to 2000, 200 an ounce, how about that, bitcoin and gold leading the market this monday morning, as further the dow industrials down about 160 points of the opening bell, s p done 20, nasdaq and 95 take a look at nvidia, it is down this morning five hoppers on friday and down another 1 as of this monday, Interest Rates are steep but lower levels the yield on the ten year moving up a bit 4. 08 , the twoyear is now under 4. 5 . It just ticked about 4. 5 , 451 right now. Politics, biden apologizes to the undocumented community for using the word illegal to describe the alleged killer of lake and brightly, he went on to suggest that the migrants
Thank you. Did you see how i perked up, great stuff. Thank you so much. Im Ashley Webster in for liz claman. We begin with the fox market alert stocks mostly lowered to kick off the week. The s p 500 and the nasdaq extending last weeks decline really the market treading wa water, theyre down reversing course up 40 points or there about coming off the worst week since october, the s p 500 and nasdaq also went off the lows of the session of the sour but still on pace to post the backtoback losses. Investors are cautious ahead of key inflation data this week we have cpi tomorrow, ppi on thursday and as we know those are two important measures that the fed will watch very closely as it decides what to do with rates, lets talk about nvidia also under pressure after posting the biggest oneday loss since may that was on friday shares are up 75 this year. Nvidia leading the way in the a. I. World nvidia in the magnificent seven as well, j. P. Morgan today downplaying concerns over a bubble in
Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
Ahead of the open. Cloud sales growth accelerates the company also aims for spending more on a. I shares of starbucks under pressure theyre down after a decline in samestore sales it also slashed its forecast were going to be joined exclusive by starbucks ceo just a few minutes from now lets begin this new month for markets after ending a rough april with that selloff. Worst day since january 31st worst month since september 23. Some of it was because theres a belief that really, this happened in the last few hours yesterday that if the fed chief is asked the question, do you think that the next move should be increasing rates or decreasing rates, it puts him in a horrible bind . H what is he going to say . This was literally the narrative i heard yesterday as Interest Rates ticked up. You know that people are going to try to trap the chairman, but hes not easily trapped. No, hes not. Although youre not necessarily in favor of the press conferences, as i recall no, because these people
Tech bouncing back microsoft and alphabet up sharply. Plus the Biden Administration is awarding micron 6 million in federal grants to boost production of chips in the state of new york and idaho. Were going to discuss all that with microns ceo. Hes live at post nine and the oil giants, exxon and chevron, both posting lower First Quarter profits. Mike wirth will join us this hour well go over those results. Lets begin with the markets and this mornings inflation data, highly anticipated, jim, not just core pce but best couple of months on spending in about a year look, this is a front frontsybacksy day versus what we got im going to mention somebody. You tell me if you agree pangloss pangloss. Panglossian number. Were taking the s. A. T. This morning . Thats where youre starting the show today on this friday in late april you want to explain that to everybody else the bonds are right i have to tell you, carl, last night im sending a note to ruth in the middle of the night, fantastic. Al