Johnson and alix steel. Guy its day if your long a tough day if you are long. 600 below 440. Where down by 1. 25. It is heavyweight names taking the hits today. Nestle out with disappointing numbers, preparing for an ozempic world with today certainly the pricing story was not there for nestle and the market has reacted. The stock down 3. 42 per yearroche tracking lower. It is coming out of the pandemic boom it saw in key sales. The new drugs not feeling the pipeline in a way you would hope for. It is a revenue line that seems to be we are at session lows. The market is selling in decent volume. It is worth paying attention to. Alix the s p is a bit heavy but we have real outperformers. The best performing sector is communication and that is due to netflix but also at t delivered solid cash flow. The numbers coming in are not terrible for some of the names. Netflix up 15 . The edit subscribers despite raising prices add subscribers despite raising prices. Something we have been talking
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
Bond yields dropping five consecutive days. This line from bank of america, no news is good news. There has hardly been any news. Today light on data, light on earnings, heavy on fed speak. Vice chair jefferson, governor cook, boston fed president collins. Tons more fed speak. Lisa this is giving you a sense of where we are in the cycle of data that we are focusing on fed speak as the leading issue because that is the only thing. Neel kashkari was so loud when he said his base case was staying on hold for a longer time. He raised the possibility of a potential rate hike but he talked about the euphoria of markets. There is an embrace of every disinflationary print we get and he thinks that is premature. Jonathan are we calling it euphoric . Lisa it is a bias to see things in the most disinflationary way possible. Jonathan disinflation the theme of the last week. Pushing back rate cut calls. September feels like the new june. This from morgan stanley. We remain bullish on our call for b
Yes, it did. I know. I know. I know. I know. I know. I couldnt agree more. Its friday. So you know what that means. Lets welcome tonights gas. Shes as holy as a southernst o host of fox newsfo sunday. No shannon bream. While are still snoring, hes on air being boring Fox And Friends first costar kyra. Shes petite, not neat appla and refuses to eat. Sh best selling and c author and fox news Contributoor Catherine and hes large in charge and still listens to debarge. New york times besststens totg author, comedian and former nwa world heavyweight. All right. Yeah, maybe. O before we get to some new stories, lets do this. Gregs leftovers. I mean. Yeah, its leftovers wheree di i read the jokes we didnt use this week. It has always. Thits My First Time reading them, so if they , well send sene campuso a colleg wearing a i hate palestinians shirt. That joe biden used. E worlite house correspondents to show the world hes not too o old to be president. T he d but he did show themid hes too old
Thank you, as always for joining us tonightaham. An after an African American Small Business owner says she was harasseds supporting trump. Ut shes here to talk about it. Plus it. , ingraham angle, continuing legal education. Well, how to deal with hos. Ia classes in session. But first,session. Joe bidens , very, very, very, very, very bad week. Thats the focus of tonights angle. Behold the power of biden nomics. The april jobs report just out coming in below expectations. April Nonfarm Payrolls expanded much less than expected, 175,000. Were looking for a number much closer to 250 thousand. The Unemployment Rate ticked up. That was a fairly weak report. What do they call that again . Joe mentum this progress is part of my vision for an economy that grows from the middle out and the t bottom up and manufacturing is booming. Cutting the federal deficit. We cut the federal deficit. Ive never been more optimistic about our nations future. Id like to call this o. L d. Ll s old liberal in D