Maria welcome back. Good friday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo. It is friday, october 27th. It is 7 00 a. M. On the button on the east coast. Pro palestinian protests taking place across the country, some even getting physical. Fox business lydia hu is live this morning on wall street where a pro palestinian rally took place last night. Lydia. Reporter good morning, maria. Hundreds of propalestine protesters filled the intersection at wall and broad last night in front of the New York Stock Exchange. They say they are calling out companies, Defense Companies they a accuse of profiting off of the conflict. Theyre also demanding that the United States stop supporting israel with military aid as President Biden pursues plans to send 14 billion to israel. Now, this protest, maria, was organized bay group called within our lifetime. This is an antizionist group which believes palestinians have the right to return what they say is their h
Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m
Are taking a battering. This market can set whole sectors and polarizing them. Todays healthcare. The French Company cut its forecast and boosted its spending plan. Those are called kisses of death. The pin action from that, drug down the entire group. The negative forecast from bristol mile didnt help either. These used to be safety hiding places with high keep you. With trembling. At this rate is so high the dividends have become meaningless. Many other pipelines seem to be running dry. The cover is bear. Big pharma is just a nightmare. Just as we have been rolling bull markets in the old days, what we find out where marauding bear markets but thats what happens when rates go up. We have now got all over the place stocks falling apart. Thats what i felt all day. Were falling apart. The drugs, the oils, after chevron plummeted 10 points, chemicals failing to deliver the goods, they too used to be brought by the yields. At least until the fed starts cutting rates. Tech got a reprieve t
Middle east and more Technology Stocks. There is no link but i will tell you whats going on with each tear. What David Solomon makes of this and a Federal Reserve player warning about hiking rates. Glad to have you. Before we get to the markets desperately trying to find their footing, to rich edson, the boots on the ground in the middle east. Reporter this comes as another attack on positions of us troops in the middle east, the us defense official in the Early Morning hours, a 1way drone attack shot down a few hours from alassad airbase in iraq. What the pentagon tallies as 20 different attacks against us positions in the last we 10 days. The us has retaliated, the military retaliated against the Iranian Forces against american positions and senior military official says a pair of f16s in a weapons storage area and one ammunition storage facility, the us did not inform israel ahead of these strikes. Lloyd austin says iran wants to deny its role in these attacks against our forces. We
At 1275. Oil is rising about 2 for west texas intermediate. Nymex crude is up. What are you watching . Jon whats keeping the s p 500 from being weak on the days the fact that Consumer Discretionary subgroup is up and that has a lot to do with the fact that shares of amazon are up 7 right now. Investors last night were looking at the overall picture for the company. On the cloud side of the business, the indications on the road ahead were enough to give investors some confidence to buy the stock. Intel shares are a standout today as the ceo is pointing to a story of sales growth Going Forward after the challenges they have faced. Those are a couple of positive stories but i want to look at some of the energy names. Oil art oil prices are higher but when you look at exxon or mobil shares, to companies that fell short of expectations in the case of exxon and chevron. Some overseas concerns with exxon. Matt fortunately, we have one of the foremost experts on hydrocarbons with us. Alix stee