Decline as strength and the Services Industry adds to the higher for longer rates narrative. Bets on a november fed hike rising to 60 . Apple citing the most and a month saying some Chinese Government agencies are banning the use of iphones. Japans trouble outlook from the ana ceo who says demand from china is soaring. A quick check on wall street, not the best of openings to a month ever. Three down sessions, it looks like as futures open we might be pointed to a fourthdown session. The s p 500 down. 7 , big tech leading the time for the most part. Apple with their drop after we had sourced the idea that china would be banning iphones from the workplace. We had treasuries falling as well. That was to do with the Services Data which was really strong, except for prices paid being strong. That adds to inflation. Perhaps in place and will be stickier, there will be another fed rate hike in november perhaps. We had to fed speakers rwo fed speakers, they both said there may be another rate
As to the longer rates narrative. Pets on a november fed hike rising to about 60 . Apple sliding the most in a month under reports of some government chinese agencies banning the use of iphones. We get japans travel outlook exclusively from the ana ceo who tells us that demand from china is soaring. If you look at u. S. Futures, it looks to be shaping up in a fourthdown day. The asia session could change that. We are early in the session. They are pointing lower. I just want to give that warning right now. It looks like we might see little bit more weight to bonds. Yields higher once again today after all of that data. Service is showing a lot of strength but also strengthen prices paid, which is perhaps the most troubling aspect of this whole thing. That adds to inflation. With oil prices assize they are at the moment, thats another troubling factor for those worried about inflation. Those include some fed Board Members and some fed president s including Susan Collins and jim bullard.
Updwrading its International Business class. Well get those details plus well talk about which stock in the sector hee likes now. I wonder if they charge bag fees for that International Business class. Jamie does want to talk about that. Meanwhile billionaires going to space. Elon musk and jeff bezos soungd off on their intergalactic goals. Musk says why his company will send people to mars even before nasa does. Plus, an exclusive interview. Were going to get his take on mergers, deals, ipos and Work Life Balances for their junior bankers. A lot to get to. Lets get to closing bell. With the down 25 points, joining us today, wasif latif, and brenda. Keith bliss from cuttonen company. Hes at the post 9 Stock Exchange and Rick Santelli checks in from chicago. Keith, we have the jobs number tomorrow. If its a strong number, do you believe the good news will be good news for your the stockmarket . I believe its stuck where it is right now. Were 34 points from the alltime high we achieved l
Dissembling based entirely on political reasons. Technology is binary, somethings vulnerable or not. This was shown to be vulnerable back in november, its now been further demonstrated, and weve got a lot more testimony, a lot more Expert Opinion on there showing that, in fact, there are some very serious vulnerabilities with healthcare. Gov. Connell all right, tell us a little bit about them as you understand them. As this testimony continues today or throughout the day or after the hearing is over well have a summary of it and find out what they found out. However, you say it was vulnerable, and then as we went on it actually got more vulnerable. Youd think the opposite would be true. In other words, if we saw that a web site, this target storys been in the news and other stories related to it in the news, somethings vulnerable, you fix it and it gets better. Why has that not happened . Um, i dont actually know why its not happened. I can speculate that, you know, as we heard happens
A large democratic field, congested candidate lanes and the looming prospect of no one getting the needed delegates needed to secure before the convention now includes the spread of a deadly virus. We have 60 cases in the united states. Including four of unknown origin. Thankfully, for the president and the nation, absent during his tenure has been any national or international crisis. Thats now changed. As coronavirus spreads, it places the president under a microscope while managing a crisis. And doing so without the benefit of a solid stock market to stabilize his support. The dow has just lost 11. 5 in five days. And there are concerns about testing since only about 459 have been tested in this country, as compared to nearly 9,000 in the uk. Plus, worries about messaging. Todays wall street journal, i think, accurately sums up the president s challenge and opportunity. Quote, voters arent going to blame him for a slowing economy caused by the virus. They will blame him if the gover