In the meantime, lets talk about the price of bitcoin. It has been volatile. Shot up yesterday in a big way and pulled back after blackrock denied the report, becky. Coin telegraph saying u. S. Regulators approved the application for the spot etf. Everybody cheered and went crazy. Coin telegraph later retracted the story and conducting an internal investigation into the inaccurate report. Blackrock reported the application is still under review. Crypto markets have been waiting news for spot coin etfs which are expected to drive investment in the sector if approved. If because we still dont know. Just because blackrock and fidelity are asking for it, doesnt mean the s. E. C. Has to give it. Do i think there is momentum . Sure. It doesnt lead to the situation. The company that put out the story is now conducting an internal investigation which makes you wonder if they suspect somebody was doing this and making trades based on the story. It wasnt how it happened. Was somebody feeding the
Hello and welcome to press tvs world news, im arzi hashimi, thanks so much for being with us going back to the situation of course in gaza, where israeli war planes continue to hammer the gaza strip neighborhood by neighborhood, reducing the fully blockaded palestinian territory to robo, over 2700 palestinians including more than 1,000 children have been killed in the 9 days of relentless bombardment by the regime. About 10,00 others have been wounded so far. Palestinian Civil Defense Officials Say over 1,00 people are missing under the rubble of buildings destroyed by israeli air strikes in gaza. The humanitarian situation is also deterior by the hour, as the regime has blocked the supply of water, electricity, fuel and. Into the territory. The un chief has urged israel to allow the rapid and unimpeded humanitarian aid into the gaza strip. Well the United Nations relief and works agency has also warned that gaza is witnessing an unprecedented human catastrophe. The number of people se
Ground open ffensive. Later on, investing in the 5 world. We will cap off with two of our favorite stock pickers with us. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Happy friday. We kickoff the hour with the check of the futures with the averages just trying to hold on to slim gains for the week after a rough session yesterday. Take a look. It is a mixed pictpicture. S p up fractionally. We are also checking the bond market. The yields are ticking back up. Tenyear yield is 4. 64 . Down 25 basis points from earlier this year. The twoyear note is back above 5 . The 30year bond is back toward the 5 yield. We will talk higher for longer later on in the show. We are looking at the energy market. Specifically oil. Wti is at 85. 32 a barrel. Up 3 this morning. Brent crude is up 2. 75 . Natural gas is tumbling down more than 1. 5 . The flight to safety with the gold on pace for the best week since march. It took a bit of a d
The table. Today the feds governor, Michelle Bauman says the policy rate may need to rise further to stay behind the goal. So what should we expect from Monetary Policy and for the markets overall . Joining us now is Marathon Asset Management chairman and ceo, bruce richards. Reminder, marathon has 20 billion in assets under management. Always good to see you. I do want to talk about the fed and inflation and everything, but i think we first have to start with the middle east and whats happening in israel. You see this as a macro challenge for the markets, for the economy . Well, first, let me say that we all pray for peace and stand with the president of the United States, who stands staunchly behind the support of israel. I say that as a personal citizen, as well as a ceo of marathon. Listen, israel is a great credit. Its an aplus rated credit. It has a strong currency, the equity market has done woeell or time, its bonds trade well and its debttogdp is over 60 . In terms of risks re
I was looking at friday and the tenyear yield on friday was 4. 795 . That is a significant drop. You can see the extended drop here as things opened up. It was the same story across the board with the 30year yield. It closed 4. 895 . Below 5 . You look at where the board is today and go back to what we had up with the tenyear yield and 30year at 4. 85 . The twoyear yield at 4. 99 . The biggest move in crude oil yesterday. Wti at 86. 17. Lets update you on the war in israel. Israel saying the border with gaza is now secure. The spokesperson saying no hamas territories crossed into israel since sunday night. The Health Ministry said 687 people in gaza and the west bank have been killed. That does not include 1,500 bodies of hamas militants which have been p found in israel. Hamas threatened to execute hostages if they were bombed without warning. In the meantime, President Biden confirming yesterday that 11 americans were among those dead. No americans are confirmed to be hostages. U. S.