Tesla cuts plus, stocks overall are looking for some traction. This after the s p notched its fourth straight down day the nasdaq remains on pace for its longest weekly losing streak since december of 2022 and Las Vegas Sands is amongst the biggest laggards thats ahead of the open thats despite an earnings beat. Blackstone, as carl just said, alaska air, dr horton, weve got a host of companies that are reporting earnings, and well get to all of them lets kick things off with tesla today, on track to open awfully close to a fresh 52week low. Deutsche cuts to hold from buy, cuts its target to 123. They were at 250 in february as theres a whole revisiting on what exactly the future model of tesla is going to be yeah, look, if youre going to roll the dice and decide that what really matters is selfdrive, something that has not worked for anyone, to tell the truth, then what you really do is box yourself in a corner what people really wanted was a cheaper car to compete against the chinese.
Down 70 points. The nasdaq was the standout yesterday adding 1. 6 to close at the alltime high. Apple was up 4 on reports that it could be overhauling the mac line. We have more coming up in a bit. To the treasury market, lets look at what is happening with yields. This is a wild week for yields. The tenyear yield is lower. Still well above 4. 5 . 4. 53 right now. The twoyear note at 4. 92 . Lets also look at crude oil prices. The prices are moving higher on rising tensions in the middle east. In fact, this morning, you see things up by 1 for wti. 86. 05 a barrel. We are waiting for the banks to report. Over the next hour, Jpmorgan Chase and wells fargo and the Worlds Largest money manager blackrock and citi will turn in the First Quarter report card. We will get reaction as soon as numbers are released. We need to get to leslie picker because black rock is out. Leslie. Bottom line in at 981. A 24 year over year. Top line is 4. 728 billion. Up 11 year over year. Aum at 10. 5 trillion.
Tuesday is in the orange, or red, whatever color it is on your screen there. That is the last hour of trading on both of those days, and it traveled about 3500 points monday in just the last hour of trading, down 1600 points for a time, and then a 500 point or 900 point swing yesterday. As you mentioned, we had a big swing in the last few minutes here well see. Anything happens in the final hour of trade. More from bob on todays move, bob . Reporter other things moving things other than the volatility index today. We were tooling along at a narrow range likely to the upside, and 1 00 hit this is the screen we have up here at 1 00 you can see we started moving down there on the heavier volume two things happened at this time we got a budget deal that implied greatly increased deficit, and we had a soft twoyear auction whats the effect . The effect is bond yields moved up this has been a problem in the past, but, particularly, the levels were at now, so bond yields moved, put up the teny
Rise. Stock Index Futures in the meantime number 10. Dow futures to dow futures to 11, s p by four. Chewing through despite the rising bond yields in europe, stocks opened higher but the ftse since turning lower down three points at the moment. Trying to initiate commit six down days, but it did shoot up overnight by 1. 7 . Positive Economic News. Chinas shanghai composite down 1 . And then theres this. Lauren is one of the worst flu seasons in history. But just how much is it costing businesses . Fbn am starts right now. Connell how about that. Look at the time. 501 on the east coast. Look at the day ahead at the first of february. Lauren how about that. Happy february. Connell concerning your home. Im Connell Mcshane hussein for sharon is out for the next few days. Lauren connell tried to get in the makeup chair this morning but we got over it. Rising tensions on the surveillance memo. Fbi urging the white house not to release it. Raising stakes in russian investigation. The document
Pass this bill, but they did actually by a wide margin. 9420. Governor nikki haley put out this tweet that says it is a new day in South Carolina. Haley herself reversing her position of on the Confederate Flag. She is expected to sign this bill today and then the bill requires that the flag be removed within 24 hours her signing it. Back to you. Thank you, kristin. Efforts here on capitol hill to ban the Confederate Flag in federal cemeteries is proving controversial. The measure was added as an amendment this week to a bill that funds the National Park service. Today, however, the house will vote again on another amendment. The democrats say weakens that ban. 5 01 right now. Today, the outcome of a Board Meeting at metro may have a big impact on your morning commute. Zachary kiesch has more on how it could affect the metro riders. Zachary . Reporter yeah, good morning, aaron. Blue line riders would be the real winners here. This is a new proposal being presented today to metro board