The 10year treasury is yielyieldin 4. 19 . I believe these are sitting at high levels for yields for the year i had a computer problem before we started. Of course. Thats why i was asking you i was deferring. Lets look. It is clear it is high yields for the year if you look at that year to date that yield up 8 all of this is happening as we got stronger than anticipated adp numbers this week and the downgrade from fitch can i point out, becky, look at when this is higher than the last time which is back in march when we had the problem with the regional banks oh, thats very interesting too many alarm bells. We are back to the pressure on the banks. Now, they had a lot of time to get their act together they had the fed program to take their tired, poor, hungry and underfunded bonds to the fed and get 100 financing off that. It is an area where there was pressure on the bacnks. We have to watch the regional banks. I havent looked in a day or so. They were doing quite well and i dont know
You are talking about the mini budget . Yes it would take longer to rebuild that reputation than to rebuild the gilt curve. Siemens on the turn and the c ceo says he is bullish despite the outlook. And defending the move that sparked the downfall of ftx as the head of binance speaks out he lied to investors and regulators and users and there has been misappropriation of user funds i think all of those things happened in my definition, thats fraud. And investors find an explosion in poland was not part of the deliberate attack from russia it is important to keep the pressure on moscow it is not a question of saying if we do nothing it will go away. Its not going to go away. These reality. Well, the countdown is nearly over. Today, the uk chancellor jeremy hunt will make budget announcements after forced to review and revoke the mini budget he is set to raise taxes for everyone in the country and trying to reassure the markets and plug a financial hole estimated in the tens of billions o
Protecting himself and chief second if i have sister. Were staying put, guys. We have a turnaround plan. David netflix, who would have guessed back in september trading 54 a share, a few month later it would be up to about 200 a share and another 5 pop today. David, youre absolutely right. What an Amazing Store netflix has been. Another headline for netflix, that they are now connected with facebook. So all of the users of netflix can use that on their facebook. They connect with friend and it is up over 100 this year. 2013. Liz we already talked about the blackberry. It goes without saying were waiting to hear who the supper is. Somebody announced a order for blackberry 10s, a mill of them. Who might that be. One million blackberry 10 smartphones. Their largest order ever. Liz at t, radioshack, who knows, right . [closing bell rings] they said the shipments start immediately, a Strong Partner they know of. David you hear the bells ringing. A little muted to what is happening in st. Pe
Lower. Samsung is expected to call up its new galaxy 4 today in a big reveal at new yorks radio city music hall. And amazon cuts the price of its largest kindle fire to 269. And 2 00 eastern is the new statement time for the rate announcement coming from the fed. It starts next week. There is the opening bell for our trader talk. Todd horwitz of the adam mesh group joins us now. Todd, i am wondering, how are we going to know the difference between a pause in the market and a really true pullback . First of all, good morning, thanks for having me on. What you are going to see is, right now the market has been limping higher every day. March came in like a bull and continues to go higher. But you have seen the last couple days, we have escaped with highs. What you are going to see is a change in news. When the bad news, which has been swept under the carpet here for six months, starts to take effect and give the market some reason to sell, that will be when you will be able to tell that
Current consensus, but retail will be the theme of the day, whether the consumer is back in a big way, whether it is a game changer and what that means for the market and the economy and Everything Else. I know well be talking about it it at noon. Were going to get our last word. They can talk about it for just one second and not that long because weve only got a minute and well talk to Henry Blodget and curtis artledge. You asked a question about jc penn penney. Maybe they can raise more cash, but theyre running out of cash at this point. They dont have that much left. You have a final thought on either jc penney or more importantly, the markets . I think todays entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. We start to see m a pickup and retail sales and theyre willing to spend money because theyre more scared about their job. We see Capital Expenditures and people starting to plan