The main u. S. Indices. Then we got a tweet from the u. S. President basically indicating that he think say trade deal could be possible. Hes going to meet with the vice premier tomorrow. Who knows . Youre getting 0. 8 up on the s p 500. Similar moves on the nasdaq. Even your small caps higher on the day. We talked to Alan Knuckman in the previous hour. He talked about a market that was to go up. We are seeing that kneejerk reaction with regards to any situation improving on china. 1. 35 . 1. 3 5 now your 10 year yield. We are seeing a tick up. Whether that will continue, we will have to wait and see. Dollar weakness for another day. We havent seen too many backtoback days of dollar weakness, but getting it here, down about 0. 2 on the bloomberg spot dollar index. We will talk about that more. Keep an eye on crude. Not just a big read on supply issues, but really on demand and what is going on in the Global Economy, whether that slowdown is to be believed. 0. 24 . Rude wti up about guy
Debates. While she focuses on the border, the economy is expected to play a significant role six hours from now, as warren and nine other hopefuls explain their position on all topics, social and economic and business. We will get you on the ground in miami coming up. Plus, is it a diamond in the rough, as bitcoin finds its feet again and sprints into the final hour, even higher. Could a new crypto currency tied to the precious stone be an investors best friend . You got to hear about this one. Remember the time billionaire David Mccourt was a cable tv employee and didnt get paid for his work laying cable . How he responded and what he did to get his money. He says its a lesson you should take to become a top disruptor in whatever youre doing, in whatever business. Hes here to share his secrets to success. Whats elon musk doing to get teslas stock up 18 this month alone. Charlie gasparino says cbs and viacom may be about to press the reboot button in their remarriage talks. Less than a
Were pretty active in the investment committee. Amy raskin, i start with you. You sold nike. Yep. Seems to me from the notes here you had it. We trimmed half our position, we spoke about a couple months ago, but were done. The company is just not executing as well as it should. The brand is still great. We could come back to it at some point, but theyre not executing right now. China is a risk for them, and, so, were out of the position. The stock is down 14 year to date, down more than 20 over a year. They certainly have had what i think people would suggest is an innovation slowdown. Yep. The company sort of acknowledged that. They blamed remote work. Which was terrible. For that. Their competitors somehow figured it out. Hoka, on, new balance can you sort of go down the list lulu are rising competitors. Theyre all sort of part of the sell pie . All part of the sell pie. I really did not like the explanation we couldnt innovate over zoom. Everybody else sort of figured it out. They j
Part of ceos, certainly what we heard from starbucks last night that the consumer is becoming more cost conscious. The effect of higher rates, the effect of inflation is real. Its impacting lower income lower income consumers, and i dont think without question you could avoid that ultimately what does that mean i know some people have suggested, well, maybe the Federal Reserve puts on the table a possible one more ratea and ultimately what they deliver to markets i dont think is going to be too disruptive and send the market into a deeper decline. Sounds like what are you saying, the bullish story is over the Firm Landings here . I think the firm landing actually benefits. I think the firm landing benefits the premise that accommodative Monetary Policy is closer than we think i actually think you get the rate cut at some point in 2023 will we get it for the wrong reasons . I take what he said the other way. I get that hes saying thats not going to drive the market lower, the fed to. An
Extraordinary moment for sports specifically womens. You go, girl. Matt we kick it off with our top stories. Those are two of them. The next move may be up to greece after voters rejected more austerity. Whatever greece does next, it will happen without Yanis Varoufakis. He has quit. He says there is a certain preference among european asp among european creditors that he no longer be involved in negotiations. Alexis tsipras that the no campaign which received 61 of the vote. He called it a courageous choice. Today, we celebrate the victory of democracy. From tomorrow, we continue and will complete our National Effort on exiting the crisis. The greek peoples believe in our own strength and justification we are right. Matt germany and france meet up today said decide a common response. Greek banks may run out of cash in hours unless the ecb extends another lifeline. Stephanie john kerrys temporary expectations that a nuclear deal with iran is imminent. He said negotiators are not where