Front, showing continued moderation. The market is pricing in the summer. That is quite reasonable. They have room to be very patient. Likely you could see the rate cuts get pushed back. There is a cyclical Recovery Room in this economy which may or may not support that june cut. The baseline remains two or three cuts starting in june. Hopefully now we have less chatter about a hike or no hikes this year. This is bloomberg surveillance with jonathan ferro, lisa abramovitz, and annmarie hordern. Jonathan good morning. This is bloomberg surveillance. Your equity market is negative by one third of 1 on the s p 500. Chairman powell says he needs more evidence. He will get more evidence this week. Cpi, ppi, retail sales, jobless claims all on deck. Lisa cpi is on deck tomorrow, likely the biggest. Will a decline in yearoveryear cpi, when you strip out food and energy, falling to 3. 7 be sufficient to cut rates . Maybe not this month but maybe in june. Jonathan that data has whipsawed market
The faa audit. Later, disney gets personal as nelson peltz takes on the board. Its tuesday, march 12th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being here with us. Lets kickoff the hour with the check of the u. S. Stock futures after the mixed session yesterday with the nasdaq posting the second down day in a row. Look at futures right now. Just a mixed picture. Dow is moving a flat. The nasdaq is firmly in the positive territory. S p is the same story. Stocks are looking to make up ground this morning, especially after nvidia with the sharp move lower on friday. Its biggest down day in a year on friday. It was higher yesterday and higher this morning. It is up 1. 5 . Nvidia is among the premarket gainers. We have the cpi due out at 8 30 a. M. Eastern time and we see the benchmark at the same level as yesterday at 4. 08 . We are looking at bitcoin. Trying to hold above 72,000 mark. We are seeing bitcoin a
Proposal days after signing the bill to keep the government funded for a few more weeks. A big win for streamers as peek peacock and universal grabs the spotlight for the Academy Awards. Its monday, march 11th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you so much more being here. Lets kickoff the check of the stock futures. The nasdaq and s p hit record highs before they ended the day in the red. Look right here. You see futures a bit mixed. Nasdaq peeking into positive territory. The dow would open up 70 points lower. Investors are dpegearing up fore consumer and kohls and ulta beauty reporting this week. Ahead of the release, we are checking the yields at the lowest level in one month. The benchmark at 4. 07 . We are seeing the 30year long bond read on Inflation Expectations coming in at 4. 25 . We are talking gold which continues to trade at a record high. It is down fractionally. Trading at 2,180 an ounce. We
They demand Prime Minister ariel henry resign. Hes in puerto rico and unable to return home. The aid includes 100 million to support an International Security force, bringing the uss contribution to 300 million. It also includes a separate 33 million in humanitarian assistance. Mr blinken says a Multinational Security force is needed to stabilize the country. What weve seen in recent days again should remind us that the already challenging and difficult Security Situation has now deteriorated even further, and makes the Multinational Support mission even more important than ever. The United Nations Security Council has reaffirmed that, and reaffirmed a collective commitment to deploy it as quickly as possible. Now, all of us know that only the haitian people can, and only the haitian people should determine their own future. Our Central American correspondent, will grant has more. Haiti is in freefall towards total anarchy. The past few days have seen a relentless escalation of violenc
For the first time as the Digital Currency continues its rally. Ophelia snyder of 21shares joins us to discuss. Caroline and we will be joined by funeral close look to talk about one year after the closure of Silicon Valley bank and we will be joined by vinod khosla to talk about one year after the closure of Silicon Valley bank. We eye big macro points. Basically, where is Inflationary Pressure taking us . Looking at the 10 year yield, up only some two basis points now. Still fading some that initial selloff but still carrying over from friday. Globally speaking, seeing a little bit of bottom picking in china at last. It seems after we wrapped up the focus on the Overall Party and the future of the economic trajectory, china up about 2. 6 on chinese trading names in the u. S. That is the Golden Dragon index i look at. Next, the area that moves apart from the risk concern we see of equity market and continues to power ever higher. Ed will dig into why the u. K. s looking favorably at b