Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s
Department of justice looking for a breakup of live nation plus the 150,000 a year housekeeper in palm beach. Good help mob hard to find the demand for housekeeper and domestic wokkers are driving the salaries through the roof. A check on the markets first, though, the dow is turning sharply lower by almost 550 points boeing is a big decliner tonight. , but the s p is broughtly down 0. 35 . Live nation one of decliner, and. Dom, Morgan Stanley says no sign of slowing down in the price targets. Estimates have jumped almost over a billion to 27. 7 billion the analysts like hearing that demand is improving as well as broadening across sectors, which is why karnor fitzgerald wrote the Midnight Train is executing to perfection. So, definitely more up side. As for the surprise stock split, it wont change nvidias fundamentals, but susquehanna said it would reinvigorate the retail crowd while needham says it would be more affordable. Deutsche bank, though, one of the four banks keeping a hold
Worst down by 1 the nasdaq off by. 6 . The s p down by. 50 lets take a look at treasuries now. You can see at this point the tenyear yield at 4. 68 yesterday on that data that we got at 8 30, the twoyear moved above 5 we have the pce number today squawk planner two reports before the opening bell chevron and exxonmobil in the next 90 minutes. You see two big interviews after those reports. Darren woods will join us at 7 30 eastern time this morning chevrons c, o mike wirth will be on at 9 45. Po we will get key Economic Data at 8 30. Core pce is expected to rise without food and energy. That is down from the february reading of 2. 8 . U. S. Secretary of state Antony Blinken meeting with xi jinping. He told xi there has been progress since the meeting with President Biden back in november there are still many issues that need to be resolved. The meeting comes as u. S. Officials have been raising concerns about chinas economic assistance to russia earlier in the day, secretary blinken me
Is this a buyal . Financials catching a bin today, up by more than 1 . That fear trade that really spiked volatility on the big sell off, we talked about how weekly futures had gone into backwa backwardation. Higher than the front than out the curve, that has reversed comple completely, so theyve taken b that fear out. Whether it was trump being impeached that caused people to hit the sell button. Thats gone now. Virtually vaporized. Were down to a vix barely holding in the 12s. Yeah. Did you buy . I was fully ib vest ed, so yu think about wednesday, it was really a oneday event. I think the market is telling us a few things. Number one, its not worried about whether trump carries on for a full fouryear term or not. Not getting into politics. Mike pence with a unified Congress Aint such a bad idea. The other thing, outside of the politics, is h fundamentally driven, this rally . Is it earnings or is there catch coming in from the sidelines and momentum . I happen to think its the latte
There. The stock already the worst performer on the dow over the past year and now one of chinas most powerful businessmen says the company is outdated. Cnbc asked an industrialist about apples future. He is ringing alarm bells. Translator in china, can you see that apple has already begun to lose the rapid sales growth momentum. One of the most Important Reasons is that apples innovation has become extremely slow. Two apple analysts join us now. One is bearish on april well a neutral rating for all of last year but three months ago but a buy rating on the stock. Guys, great to have you with us. You know, one of apples latest innovations is the apple se. But some say that make shift could present problems for apple when it comes to margins and average selling price. There was this interesting stat if, 10 million customers chose to buy an se instead of a 6s, that will put a pressure on margins. How much for apple Going Forward . Yeah. This will have some impact on apple. At the same tim