Company reported its lowest Revenue Growth in two years. The Company Unveils its first all electric escalade iq. Amazon is in talks to be an anchor investor in arms ipo in a deal that could raise 10 billion for the chip company. First, a check on the markets. Tech is lower. The nasdaq 100 is down more than a percentage point. The Philadelphia Semiconductor index was softer by one point 6 , underperforming the market. We are waiting for the cpi print on thursday. We get that data and we think to ourselves, what will the Federal Reserve do next . There is posturing in the market from that point of view, but earnings will be a theme of the show. Weve had a number of earnings interviews with ceos and the reaction to the downside is also a factor, particularly for the nasdaq 100. The 10year yield goes back down to 4 . The steady trickle down from 4. 2 to 4 . Bitcoin is still at the same 29,005 hundred u. S. Dollars for token level. These are the key name starting to show. Lyft is going to b
Nvidia down 4 obviously we have the big inflation data coming out tomorrow but, joe, whats driving this we knew that the inflation data was coming out tomorrow, with he knew we have had these economic worries, percolating talks about impending recession coming back up again yesterday whats going on now . The treasury auctions are important this week. After the three year auction at 1 00 p. M. There was opt mirk, markets lifted off of the lows, there was a belief and the demand was relatively strong whats happened this morning is that price has reversed, a lot of that optimism that was represented in an end of day bounce and now you have broken below yesterdays low. A little bit of technical selling pressure i think theres more nervousness in the 1 00 p. M. Tenyear auction is critical today because weve seen the long end of the curve where yields have been backing up, thats where this battle is going on right now with the Asset Management industry thats Long Duration and then hedge fund
Regulators spoke to allow his company to commercialize their attack in San Francisco. A government probe into malicious attacks on Cloud Computing including microsoft roles in a chinese hacking of government officials. We have the details in the aviation sector will pass a 5 trillion bill to fight decarbonization. San franciscans get ready, you are about to see even more robotech sees on the streets. California regulators voted in favor of waymo and cruz pay Driverless Services. The ruling came after hours of public testimony with citizens arguing for and against the services. They can run full Driverless Services charging fairs day and night here in San Francisco. The ceo joyce me now. Ed how do you operationalize this . It is got in your favor. What happens next . Its been a big year of scaling for us. We ramped up our operations as we see these performances improve on the road. With this permit we can convert that service to a preservice. A signal to california that we will prioriti
Bloomberg daybreak europe. Im lizzy burden in europe. Taiwan is hit by its biggest earthquake in 25 years, toppling buildings and disrupting chip manufacturing. At least four people have died. Stocks slide on fears of a slower pace of rate reductions from the Federal Reserve following more strong data on the u. S. Economy. Mary daly says she believes there will be three cuts this year. I think that is a reasonable baseline but i would like to say, this is a projection, three rate cuts is a projection. That is not a promise. Lizzy President Biden in xi speak for the First Time Since november, the white house saying the sale of tiktok was on the agenda. Good morning, we will bring you the latest on the taiwan earthquake, the worst in 25 years. First, lets get to the Market Reaction to the latest u. S. Economic data. We have plenty of that this week. Good news for the economy has proved bad news for markets. It fueled more speculation the fed will be in no rush to cut Interest Rates, and
Yvonne the markets, the narrative seems to be pretty much the same all week. We are ending on the third week of losses when it comes to stocks. Stocks are lower. Dollar is catching a bid. Gold is catching a flight to safety. Dollaryen, 150. Watching bond markets closely. Extraordinary volatility we have seen. At least we are seeing yields temper a bit. The 10 year jgb yield is when we need to focus on. 0. 84 . Whether we do see some buying from the boj, they are offering some loans to banks to buy these bonds on the cheap to try to cap the yields right now. You take a look at how the rest of the market is set up for india and thailand. Thailand is opening up. India if there is the oil risk, tech earnings have disappointed to die wonder if this rally can continue. Rishaad looking at india and prospects to the downside, the rupee came close to a record low. It was the day before it hit record lows. We got a set index in bangkok on the way down to the bond is stable for a change with no w