Previously targeted. Ed we take a look inside while way quality haiway. How digital regulation is going to be unveiled in terms of the gatekeepers. Lets check in on the markets. We are getting reality check on what is a macro picture that is ugly. The 10 year yield rising after a day of rest and play in the u. S. Trade picking up as we see more investment. I am looking at the bloomberg dollar index. Dollar higher at the moment as it tries to find work safety in the current macro picture. Also the Federal Reserve will be keeping higher rates for longer. We look at what is happening in terms of bitcoin, when you see the dollar outperform, down by one third of a percent. Getting into the needy gritty of the movers. Ed we were talking about how there is not that much action. Airbnb of 6 , the best performer in the nasdaq 100, news that it will be included in the s p 500. With huawei, we will bring you something fascinating. A move to the downside is the theory being that if huawei gains ma
Dont invite me to anything like that. Thanks a lot. Good afternoon, im charles payne. This is making money. Breaking right now, oil, that is the big news today, folks, it is surging nearing major breakout points after saudi arabia and russia both extended production cuts. Move over gadot as the you have company. The recession watch gets older and older, finally some of the smartest folks in the street are throwing in the towel. Some brilliant folks saying nope, stick with the recession call. It will happen. They will explain it. Guess what the megacaps are hanging in. They have become the new safe havens. Should you be seeking shelter there . We have a great lineup with strong ideas and great strategies four. Plus how does a peacetime economy have 2 trillion it deficit spending . Joe lavorgna is here to figure that out. Politicians, economists stop lumping struggling americans with wealthy folks saying the economy is humming along because it is not. A very special guest with us, and al
The temperature may go up to 94. The summers supposed to be over but not quite yet. Its 11 00 eastern time. It is tuesday morning. Straight to the markets, please. The dow is now down a mere 60 points, s p down 9, nasdaq down 16. So were coming back a little. Show me big tech, please. Weve got a mixed picture earlier, same again now. Microsoft and meta are up. Apple, alphabet, amazon are down. Lets check out the 10year treasury. Earlier it started to move up significantly, its still moving up significantly. 4. 25 on the 10year treasury. Not necessarily that good for the nasdaq. Now this. The open border has been a headlinemistaking story for two years. The president has escaped serious political damage. Thats changing. As the migrants move into our cities and towns in very large are numbers, the political fallout is growing. Democrats are getting the blame. Democrats are turning on each other. New york city Public Schools are bracing for opening day this thursday. 19,000 children in te
Guy european stocks drifting lower little bit. The chinese pmi data the weakness weve seen any break on forward momentum. The chinese data represented here down by 2. 25 . Anything with significant exposure to china particularly on the Services Side has been weaker today. The area that is seen some strength is energy. Look at whats happening with brent. We are trading around nine the russian and saudis will continue their cuts till the end of the year. Alix im surprised that the markets were surprised. S p 500 is off by one point 1 10 of 1 . We seen a much more powerful rally earlier. Fading a little bit. Still eking out a gain of 6 10. One of the only sectors up in the green today. What is really interesting evolving here is persistently stronger dollar. The dollar index at the highest level since march. Does that persist in stronger dollar, where are we in that . Is that good value now . If we have questions about the economy, a wage price spiral. Are we appropriately priced along th
Equity futures a mixed open in asia. A flood of corporate debt sales before the fed decision. Oil surge adding to inflation worries as saudi arabia and russia extend output cuts through the end of the year. Lets get a quick check of u. S. Futures doing nothing right now. We are well into september, but it has been the Labor Day Weekend in the United States so we only had two trading sessions in september. To say session was basically the s p down for tens of 1 . Traditionally some timber not a great month for markets. It is the worst generally unless they have already rally between 10 and 20 . Given that we have rallied, may be able not be so bad this year. We will have to see. Mike wilson says 3900 is where we will end the year. There are bears out there. Nasdaq futures pointing lower. We had bonds seeing yields rally 15 basis points partially because 40 markets Companies Went to market and sold bonds, so a massive amount of issuance that would have depressed prices somewhat. We had a