our business correspondent in new york, is erin delmore. if you re in the crypto world or curious about getting into it, then a spot bitcoin etf has been on your radar. it allows people to bet on bitcoin s gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchange traded funds this week. so, when a tweet was posted from the sec gov account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and the regulator had not yet approved the listing in trading of spot bitcoin exchange traded products. the erroneous tweet also included graphic with a quote from chair gensler, a second tweet that also said $ btc . bitcoin s ticker symbol was also posted but was then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news and fell back down to $45
the new exchange traded funds this week. so when a tweet was posted from the sec gov account saying essentially that it was noteworthy, it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and that the regulator had not yet approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a graphic with a quote claiming to be from chair gensler. a second tweet that only said dollar sign btc bitcoin s ticker symbol, was also posted, then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news, then fell back down toward 16,000 with reality. tesla has lowered driving range estimates across its line up of electric vehicles. it comes as a new regulation takes effect in the us with the goal of ensuring that auto makers accurately reflect real world performance. according to a reuters investigation last year,
European close with guy johnson and alix steel. Guy stocks are down. Theres a multitude of factors behind it. We are down by 1. 1 . This whole series of single stock stories that are coming together today to produce this negative narrative we are watching in europe. Air france, down by 4. 1 . One of the reasons behind it is weve seen a series of evacuations across france and french airports. Thats adding into the gloom around what can happen on the macro story relating to the situation via israel. All of that coming together in the airline sector. Maybe the story slowed down a little bit. The Strong Demand story we been watching. Astrazeneca down at 5. 2 print 5. 27 . Maybe not quite delivering. Youve got this kind of big macro overlay thats happening with the rate story developing. Youve also got single stocks, air france, astrazeneca, the list goes on and on. A series of names that are all producing idiosyncratic single stock stories but the aggregate is altogether for real squeeze b
A lot of questions, we have answers. Power lunch begins right now welcome to power lunch. Brian talk about the dow has all over the map then rallied up, down up, down up it could be the biggest com decrease back for you dow in more than seven years. The vix top 50 for the First Time Since august of 2015. Right now it struck 36 check out some of the individual movers gm is rallies, lululemon recovering from early losses on news that the ceo is out investors taking a bite our dunkin, as you can see. Tyler . Good afternoon, everybody. We begin, of course with a wild day on wall street bob pisani is watching all the action at the New York Stock Exchange hi, bob. Hello, tyler, we are looking for a bottom we are looking for signs of a selling climb max, some kind of emotional catharsis, we may have had had it at the open the bottom was right there we opened 2593 on the s p 500. Were at 2650. Thats a better than almost 60point move. Thats pretty huge that was the lows at the open. Weve had en
Vast majority of caucus members and my guess is a lot of other members as well. Maria president trying to make it shut down this morning as he attends the National Prayer for us to washington. We will bring you his remarks live at 8 00 a. M. Eastern. Join us for the National Prayer breakfast this morning. The political turmoil. Take a look at yesterdays performance. Things calm down before the close for the dow still traded better than 500 points after the 20point decline yesterday we are looking at another decline at the start of trading this morning. 75 points lower right now. Three points on the nasdaq and seven a quarter quarter lower in the s p 500. A big day for earnings among the top names. Cvs, kellogg and viacom for the big one we watched this morning, twitter up 14 cents per share. We bring you those numbers as soon as they come and for the quarter of three quarters of 1 . Europe this morning stocks are lower. Down almost 1 as was the cac and the dax and germany done better t