David i learned everything i know from you so im only as smart as you. Two words, incentives matter. Thats the key to the economy. Sometimes two words sum it is up well. Larry, great to see you back. Thank you very much. Im david asman in for Liz Macdonald and the evening edith starts right now. President biden pushing jobs agenda during a labor day speech in philadelphia criticizing trumps handling of the economy and even claiming bidenomics is great for Blue Collar Workers watch. Guy that held this job before me was just one of two president s in history he left office with fewer jobs in america than when he got elected. When the last guy was here, you were shipping jobs to china. Now were bringing jobs home from china. When the last guy was here, your pension were at risk. We helped save millions of pensions with your help. Bidenomics is a blue collar blueprint for america. Its for you. David the president rays raising more eye bros telling reporters hes not worried about a potentia
Im melissa lee coming to you live from a brand new set here in studio b at the nasdaq. On gorgeous set here. Unbelievable. Amazing. Like on a new rocket ship. Were going to take off at any moment. Exciting. Awesome. They did an amazing job. We get to sit here and enjoy this beautiful set, but this is eight months of work from our crack staff back in ec. And the folks here at the nasdaq. Theyre the ones that should get all the praise here. With that said yes. The sound system in this place kicks ass. We easy, come on. It does. You had to do that on the first day. Family program. Commercial breaks are fun. They always are. The show is going to be even better with the brand new bells and whistles we have here. Well show them to you as the weeks go on here. We start off tonight with rates resuming their run higher. The yield in the tenyear treasury hitting twoweek highs after the recent pull back. Climbing back towards 5 this is putting pressure on stocks to start the holiday shortened wee
How hes positioning from here. Bailing on Home Insurance. Whether to campaign for it or will gas prices climb sky high . But first, lets get to todays markets. Dom, good to see you. Good to see you, too. And i do not selfinsure my home. I pay somebody else to do it, because theyre the experts. If you take a look at the markets overall, we have seen both sides of the unchanged line, at least with the nasdaq composite, just so slightly in the green, 14,038. For the broader s p 500, maybe a better measure of the overall market. Its been down all day, down nine points right now, one quarter of 1 , 4506. Even at the highs, we were almost flat, down one point at the high, down 19 points at the low. So, again, a predominantly lower session, just fractionally so. The dow off 93 points, 34,743 the last trade there. Kelly mentioned about the oil prices. We are now, by the way, for u. S. Benchmark west texas intermediate, the highest oil prices we have seen going back to november of last year, on
And chinas Country Garden appearing to avoid default and making payments on its debt. In washington, d. C. , lawmakers are set to return to work with a very lengthy todo list. And President Biden weighing in on a potential strike by u. S. Auto workers. The positive prognosis he is giving. It is the day after labor day and everyone is back to work. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im cdominic chu in for frank holland. Lets check on the futures following the long holiday weekend. We are off a bit. Dow jones industrial average implied lower 50 points. S p lower by 11. Nasdaq down 71. Checking in on the bond market right now, yields in focus here. Relatively steady around the 4. 2 for the 10year treasury note. Currently 4. 216 for the 2year treasury. In energy, oil prices are stubbornly high, but off a bit this morning. West texas intermediate is off 18 cents. Brent crude futures are d down. 23 . Nat gas prices off 5 right now a
S. Cheryl good morning, im cheryl casone, im in for maria bartiromo. Its tuesday, september 5th. 7 00 a. M. On the east coast. Its time for the hot topic of the hour. New wall street journal poll finding 73 of voters consider President Biden too old to run for president. Just 47 of voters say the same of former President Trump. This is the same poll thats revealing that biden and trump are tied in a potential rematch if the 2024 president ial election was held today. A lot of this dozen tear on the does center on the economy in particular and bad ratings when it comes to the economy. And hes been selling bidenomics and according to the poll numbers the American Voter is not buying that. Theyre not buying it. They dont so much view biden as being too old. I think its a case of being too senile, too incompetent, too dimwitted, this is weighing against him. On the other hand, trump has his wits about him, hes lively, he can make it point quite clearly, whether you like it or not so theres