continues right now. happy. chicago tonight is just the beginning. with our voices and our votes. we have ushered in a new chapter in the history of our city. good morning, everyone . you heard brandon johnson. there we are, following major election results overnight and two important places. chicago has picked a new progressive mayor. we re going to speak to brandon johnson live in a moment as he is preparing to take on the city s crime problem and monumental power shift in wisconsin is projecting that liberals will take control of the state supreme court. could have huge implications for abortion rights and future elections. china threatening to retaliate it s house speaker kevin mccarthy gets ready to meet with taiwan s president today, right here in the united states, but we re going to start with the former president after he is lashing out after he became the first ex president ever and u. s history to be charged with a crime or resident gave a primetime speech at mar-a
Are taking a battering. This market can set whole sectors and polarizing them. Todays healthcare. The French Company cut its forecast and boosted its spending plan. Those are called kisses of death. The pin action from that, drug down the entire group. The negative forecast from bristol mile didnt help either. These used to be safety hiding places with high keep you. With trembling. At this rate is so high the dividends have become meaningless. Many other pipelines seem to be running dry. The cover is bear. Big pharma is just a nightmare. Just as we have been rolling bull markets in the old days, what we find out where marauding bear markets but thats what happens when rates go up. We have now got all over the place stocks falling apart. Thats what i felt all day. Were falling apart. The drugs, the oils, after chevron plummeted 10 points, chemicals failing to deliver the goods, they too used to be brought by the yields. At least until the fed starts cutting rates. Tech got a reprieve t
Engine trouble at ford, and a fast mover. A name we rarely mention on the show. The stories behind three stocks today. Were coming to you live from studio b at the nasdaq. On the desk tonight, we have tim seymour, dan nathan, guy adami and our special guest trader tonight, kristen bitterly. Welcome to everyone. Were going to start with the lateday selloff. The dow falling as much as 350 points at its lows. The nasdaq and the s p down as much as 1. 2 . The indices closing off their lows of the day, but all three still snapping a fourday win streak. The pullback colliding with that 30year treasury option that showed weaker demand. Jumping back to nearly 4. 9 . All of this as wall street was digesting the latest cpi data. Consumer prices rising 3. 7 in september from a year ago, slightly more than the street estimate. Energy, used car vehicles, prices falling, but it wasnt enough to offset the gains in things like food and shelter. So, how should the market be digesting all of these data
That is up just a tick. Still well below the 6, 7 high point in june 2022. The threeyear ticking up 0. 2 to 2. 3 . That is below the 4 high we had there. What hasnt moved is the fiveyear, it actually came down. I think thats probably the one between the three and the fiveyear is the one the fed follows most carefully with concern about expectations. Some other things, expected price decline for college, gas, medical care and rent, i would have thought gas would have gone up and driven the thing higher. It did not. Expectations for food prices surged 0. 3 Percentage Points to 5. 6 year over year. Americans grew more confident in their job market possibilities, concerned about losing their job declined. Confidence in finding a new job if they left, that increased. But there were concerns about missing debt payment. In fact, that gauge reached the highest level since may 2020. To the comments of atlanta fed raphael bostic, he said he was the first one and only one to use that phrase suffi
Maria good friday morning everyone, thank you so much for joining us. I hope you have a good friday. I am maria bartiromo, friday ma. Your top stories, 6 00 a. M. On the east coast. All that jobs, features indicating a rally ahead of the april jobs report this morning. Stocks are higher across the board, the dow industrial of 300 points about three quarters of 1 , the nasdaq up 109 and s p 500 higher by 18 and a quarter all of this ahead of the jobs report 8 30 a. M. Eastern all hands on deck to break down the market moving numbers up for the april jobs report coming up. Take a look at Interest Rates going into the number yields pulling back on the tenure sitting at 4. 57 . Apple, the big story, stocks reporting after the bell iphone sales falling last quarter as good revenue as competition coming after china is spiking but the stock is up regardless, wait till you hear why, treasury secretary janet yellen getting political while speaking in arizona, we will break down the treasury sec