The nas needs a 96point gain at the chose to grab the brass ring are. Its way past that right now, im going to tell you whos leading the index in a second, but it may surprise you. However, i want to first look at the blue chips after a 605point drop yesterday, the dow right now just turned negative. It is down just a single point. Had been higher by as much as 155 points. Look whos in the lead here. Go to the dow heat map. Intel. Investors are piling into the chip maker. Its up about 1. 8 9 perhaps on the belief its oversold. Shares have lost are about 30 this quarter, but right now you can see up at the moment just by a bit here. Weve got it up half well, yeah, 1. 8. Attentiongrabbing action in the s p right now. The broader indecision is up 32 index is up 332 points compared 332 points. A few more points needed to blank out yesterdays move if 32. Deckers outdoors, this is the maker of uggs, soaring 13. 3 3 or 120 to 1,025 a share. It gets better for shareholders, especially those wh
10year yield at 4. 47. A lot of questions where the movement will be next and if we have seen the height of rates or not. Thats been a big question part of it weighing on the broader markets yesterday. Meanwhile, boeings slide after the cfo spoke yesterday and said the company would burn through cash this year the delivery of planes will not increase from the First Quarter to the Second Quarter as they deal with tproduction challenge. The price of ethereum pulling back after the runup this week. The si. E. C. Approved the rule change to pave the way for etfs that buy and hold ether. Specifically, the s. E. C. Order approves applications from various exchange to list eight ether funds. The order does not approve the funds or set a date for the etfs to start trading issuers are awaiting approval from the s. E. C. For the funds and it is unclear how long the process will take. This has been the week this was a buy the rumor and maybe not sell the news. Thats most of it ethereum is down 2
Charles payne this is making money. Breaking right now the beatdown continues right . The biggest names that ever traded in the stock market continue to take it on the jaw. Was this sort of an overdue kind of move or is something more problematic ahead . Im happy to say were joined by one of the best in the best ed yardeni will start us off to guide us through the turbulence. Also beth kindig how much longer than the tech names tumble and is there something she wants to buy right now . You want to know. Sam bankmanfried will take the stand. We want accountability beyond him. What about wall street . Make sure this never happens again. Inside gaza, Rebecca Grant on what happens next. All that and more on making money. Charles to say it has been tough sledding for the market is an understatement. The nasdaq the last two days, the worst two days for the year. It nice correction territory. The s p 500 slipped under the crucial support point. Every day we talk 4200, 4190, whatever you want
Rise in cost made financial situation worse and grady trim seatbelt live at the white house with the very latest on this. Hey, grady. Reporter hey, david. This latest round of cancel Student Loan Debt for around 160,000 borrowers through various programs and in making the announcement, the under secretary of education said we congratulation those borrowers on their due forgiveness and well continue to work to deliver relief to others. Why are they due forgiveness . Everybody has a different story as to why they need student loans. Everybody has a different reasoning as to why they want to go to college. I cannot speak for everyone. Forgiveness due to them . What we have been very clear about is the system the student loan system needs to be fixed. The president is trying to do that and fix it in a way where people are not feeling that crushing financial burden that they have to they deal with what they leave college. That is something that they shouldnt have to. Reporter biden approved
The republicans had created this new definition. And this new definition is known as the investment contract assets. Now, we talked about this but, you know, even in the rules committee, while they were, you know, talking about how this bill was going to protect consumers, they did not debate us about this investment contract asset because they know that it created a void. It created a no mans land. This was created basically so that the Crypto Companies could be in a space without regulation. But it goes further than that. It also covers traditional securities so they can be in a space without regulation. It is not enough to says this about a bad bill. This is not only a bad bill,s that bill where the Crypto Companies decided they didnt like the s. E. C. They do not want to be regulated. And they were going to come to the congress of the United States and they were going to use their power and they were going to use their influence to change the rules of the game. And that they were g