Breakout moment that would fuel talk he would be able to be an alternative. Joe biden remains the formidable front runner. That exchange was over medicare. It was not an effective delivery about medicare because everyone is talking about whether or not Julian Castro took a page out of President Trumps political playbook and attacking joe bidens health. On the issue of medicare, joe biden wanted to have the contrast in debate with Elizabeth Warren and Bernie Sanders repeatedly. He criticized senator sanders, calling him a socialist. He urged Elizabeth Warren to come out with some kind of mechanism for how she would pay with her medicare plan. The general thinking is that those three contenders, warren, joe biden, and Bernie Sanders, emerged largely unscathed from that third debate. Tier ofook at the lower tier the polls, the question becomes who have any of these candidates can turn this into a four way race as we edged toward the iowa caucuses. David there is a question of how much of
The lowest since october of 16. Stocks are going to continue to have a tough time as long as yields keep falling the way they are. And it doesnt seem like where are we stopping is the next question . We talked about this up over the 3s started getting toward 3. 25. Now looking at the down side its amazing to see how much pressure that were seeing right now in terms of the yield and how much thats moving to the down side. Volatilities have been spiking we know that we had that pullback but stayed above 20 still trading around the 22. 5 area the markets remain very, very volatile for all the right relationships. When you look at the mix of whats going on. Whether its the tenyear, the trade wars or you talk about any different issue thats going on, the president and some of the commentary, what people think about what larry kudlow might have said yesterday. All of that combined, there is a lot of unease out there right now. No doubt about it. And the only safe places that i can find right
Come roaring back end is holding, 12. 26 and routed dropping down, but still well over 80 a barrel. The markets seem to be holding the same strength that they were when i left over a week ago. In terms of individual movers, a lot to the downside. Tyson foods closing down some chicken factories, which is a concerning statement. But that is what they are called, up five and half percent because demand and prices are down for chickens. And 99yearold trucking business files for bankruptcy, shares down 17 area Icahn Enterprises continues the drops we saw last week after they cut the dividend, i guess it was unsustainable. Tesla down about 3 as the cfo steps down, cathie wood said she thought he was great and wishes him the best in the future, but thinks his successor is going to be doing just fine as he has been there for the last five years, since 2018. Talking about tesla, i want to get over to the west coast. Ed ludlow joins us, he covers the company closely. You heard what kathy told us
Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week you have had longer term yields really going higher, not much because of repricing what the fed is going to do, but just in general, a lot of dynamics pushing in that direct
Fall just as fast. Plus after taking off jack dorsey square, Hindenburg Research has a new target. This time carl icahn and we lay out the key factors at play. Its wednesday, may 3rd, 2023. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Im frank holland. Lets kick off the hour with a check on stock futures after a sharp decline yesterday. Looking at futures right now, theyre strongly in the green across the board you can see the dow opening up 20 points higher today is very early. Its a huge day, all of this ahead of the federal Interest Rate decision out ahead at 2 00 p. M. And then the News Conference to follow a tenth straight rate hike from the fed, one of the items on wall streets wall of worry along with the continued debt sector much more on all of that coming up later in the show with that in mind were checking the bond market starting off with the benchmark 10year note at about 3. 30. The 2year yield back below 4 were also