Steve cohen had to say about markets and a. I. , especially. Plus, it is a pivotal day for disney. The companys battle with nelson peltz is set to conclude at its annual meeting. That is set for this afternoon when we will get the vote totals. And tomorrow, 9 00 a. M. , right here, dont miss an exclusive with bob iger. Is it right here or out there . Its out there. Its out there. I will be going out there, hoping that the high winds that are blanketing the area wont prevent my travel to see mr. Iger. And by the way, just to make a point here, this is not saying anything one way or the other about the vote. Hes going to do the interview either way. Huh. Okay. Okay . Is that okay with you . Well, id be more inclined to do the interview if i won. I think thats his expectation and or disneys as ive been saying all along, at least. They have had a lot of confidence they will win. But you wanted to make it clear that it is not do you share that confidence . I do. The reporting i have been ab
Be nauseated by the companies that have already reported with the sole exception of tech, which is once between getting a pass. We could have more days like today where the dow lost 174 points, s p tumbled. 62 , nasdaq shed. 63 . It was much uglier at one point during the day. What makes me so sure earnings season could actually be so difficult . I think its because were rooting for lower inflation and less wage growth. But so far we just arent getting that scenario. Oh, yeah, we had a onetwo punch today of a hotter than expected Consumer Price index coupled with a Government Bond auction of 30year treasuries that fell flat. Causing the bond market to get crushed while the yields soared. What the heck is the government even doing offering a 30year treasury right now . They know nothing its the birkenstock of bonds. To reference an ipo that smelled like dirty feet. Pricing 46 bucks just before falling to 37 and change after the first two days of trading. Another day like today and it wi
Of the house and senate. On the right, youve got live picture of the house floor, where one hour ago, members rejected the shortterm funding bill, 232 to 198. That bill would have kept the government running through october 31st, but the Freedom Caucus, a band of breakaway conservative republicans led by matt gaetz of florida insisted they would block it. On the senate floor you see Chuck Schumer of new york. A couple things happening, talking the state of new york which declared a state of emergency due to extreme flooding. There are a whole bunch of issues that are very lifethreatening. Hes talking about that and the Senate Bipartisan bill that they would love to see the house tackle. It is not going to happen. As the government careens toward a shut down, the picture of the Dow Jones Industrials, the blue chips have seen again of 227 points but as soon as the failure of the vote on the house floor came through, a big drop, went to the lows of the session. The s p at the moment the s
Antisemitism has no place on our campus. Reporter as republicans accuse the Ivy League Institution of gross negligence for its handling of antisemitic incidents, including assaults and vandalism. Trying to reconcile the free speech rights of those who wanted to protest and the rights of jewish students to be in an environment, free of discrimination and harassment has been the central challenge. Reporter egyptianborn University President was the Fourth College chief called before the panel. Does calling for the genocide of jews violate columbias code of conduct . Yes, it does. Reporter facing the same questions that led to the resignations of the president s of harvard and the university of pennsylvania. Does calling for the genocide of jews violate penns rules or code of conduct . Yes or no. It is a contextdependent decision, congresswoman. Its a context dependent decision . Thats your testimony today . New york congresswoman Elise Stefanik chastised over the universitys response to s
Years. The twoday gain is the biggest since january 5. All of the currencies are rising against the u. S. Dollar. The british pound is up for 4 . Sovereign bond yield is rising in the third column. That is gmm. Nestle is opening the door to a possible sell of loreal. That would give the chief executive march night or ammunition to sharpen the swiss giants portfolio. The updates came as the revenue rose by 2. 4 last year on inorganic races. 2. 7 . Timate was it was a miss. Upped supplements. Nestle is down by 2. 6 today. The eem bond yields come the threat of u. S. Inflation rises, the benchmark treasury yields approach 3 . Bond yields are offering investors a wider spread since 2010 over the developed market counterparts. That is because of the recent global route triggered an increase in yield in developing nation debt. Inflation remains benign based on the average of 10 a. M. Markets compiled by bloomberg contrasted to Consumer Prices in japan accelerating based on the most recent re