Im melissa lee. Always good to have you, rebecca. And we start off with the sea of red on wall street major indices all down over a percent ahead of tomorrows fed decision investors seeing a more than 80 the central bank will raise rates another quarter percent. The big banks and regional efts hitting their lowest levels since late 2020. Pac west, western alinls, and comare ka down double digits the oih dropping 6 , lowest close since october, as crude tumbled back to the 70 mark investors blocking to the safety of gold. Both the Precious Metals and the miners offering some refuge amid the volatility the banking crisis not solved, the fed set to hike yet again, and a new xdate for the debt ceiling now just weeks away, not months so, theres a lot going on here, guy. Feels like people just want to be riskier not a trifecta you want to win. Bank of america, whisper of its 52week low. Not trading well and dan mentions it all the time the banks are so vitally important, its interesting, whe
However slower demand in trade restrictions on Chip Making Technology have put businesses under pressure. Those restrictions only apply of course too high end chips currently and again more on the pulse of the industry i spoke to stacy raskin a Senior Semiconductor analyst will stop these Export Controls were fairly targeted. Fairly targeted. The only thins fairly targeted. The only things that fairly targeted. The only things that were fairly targeted. The only| things that were actually impacted were high and Artificial Intelligence chips chips for supercomputers and equipment that was capable of manufacturing high and logic and memory. In terms of actual Revenue Impact the only ones that really saw was the Equipment Vendors. The reason is from the high end chips it was the micro to expose their they were able to backfill with other products that came in below the Control Thresholds that were legal to sell in china nvidia. The customers bought lot of those in had a backfill and did n
200day joining the s p and the dow. Well keep an eye on the markets and see what all this means, of course, for the Global Economy rates a big picture with a lot of macro data. On the markets, growth versus value. Growth has outperformed value in the last decade. Is there a case to be made at these levels joining us at post 9, Research Affiliate and founder of the board, rob arnaut. 130 billion is managed globally using its strategies what did the gdp and core print say to you today basically, none of it comes as a surprise. Were in an economy that i think is going to be showing signs of slowing. We have theres no such thing as a recession without a Housing Slowdown theres no such thing as a Housing Slowdown without a recession. Theyre joined at the hip. Right now we have a Housing Market thats severely restrained if you have a home and mortgage at 2. 5 , youre not going to sell unless you have to. If you want to buy and youre going to have to borrow at 7. 5 , youre probably not going
Countrys biggest bank is taking issue with and where he sees the economy going on. And later, personal finance expert suzeor orman is here. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight and we start off with a full slate of Earnings Reports. Microsoft, alphabet, visa, snap, all on the move after their latest results. We have full team coverage. We start off with steve kovach, who has all the details from microsofts quarter. The stock is higher right now, steve. The Conference Call is in about a half hour. Microsoft shares are up. The solid beats on the top and bottom lines, but heres whats more important. Reversing some trends that weve seen. Azure cloud growth up 29 versus the 26 gross the street was looking for. Thats exactly what investors wanted to see, after several quarters of declining growth. Now, what to listen for in the earnings call. Do they believe azure bottoms and continue that acceleration that we saw last quarter or is it going to
United states . Well get the latest. And later, the chart master will be along to break down his list of stocks that are stuck in a bear trap. Hell tell us how investors can break free from these unbearable names. Oh, man. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, guy academy, julie biel and mike khouw. We start with the markets. The benchmark treasury hitting 5. 02 early this morning, a new 16plus year high, but then falling 17 basis points from those levels. It was the third day in a row it closed below that mark. One sector of the market in particular seemed to like the yield move, and that would be megacap tech. Look at the gains in names like meta, amazon, microsoft and alphabet, all of which report earnings this week. Can the momentum keep going or should you be worried about what the results are do to the stocks . A really interesting move in the bond market today. 100 . When you see a 16 basis point move over the course of