[a this is just under an his statee address before joint section gringo. He highlights education funding, homelessness, Health Insurance and Maternal Health care and addresses the influx of asylumseekers Texas Governor greg abbott requesting migrants to major cities all over the country without warning. This is just under an hour. [applause] [applause] pplause] [inaudible] [i■naible] [inaudible] members and guests, honorable governor of this great state the honorable jb■] pritsk. [applause] [applause] [applause] thank you very much, thank you all very much. Harmon, lieutenant k governor straton, members to have 103rd general assembly, chief justice tice mes of the supreme court, honored guests, the first lady of illinois, my soulmate mk. [applause] and all the people of the great state of illinois, i am so to be here today to deliver my sixth state of the state and budget address. I love my■r job, i love living n illinois and spending every day working to improve the lives of our
The winner, the loser, and the impact, straight ahead. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim see your, courtney garcia, dan nathan and guy adami. The dow dropping nearly 400 points, the nasdaq down a percent. Rates are back on the rise. The yield on the tenyear treasury touching 4. 4 for the First Time Since last november. Were going to get to that in a minute. But butfirst, we turn to tesla. They reported q1 deliveries that fell far short. The Company Getting fewer than 390,000 cars to customers, its first year over year delivery decline since the height of the pandemic and the biggest miss in five years. The report promming uber tesla bull dan ives to call it an unmitigated disaster that is hard to explain away. He has a 300 price target, still, a level that it hasnt seen since september 2022. Is this the straw that finally breaks the tesla bulls backs. Are we at an Inflection Point . Guy, what do you think . Huge lef ivel in the stoc
Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Great to have you here. Welcome back from london. Good to be back another surprise june election result in the uk well get the fallout from that in just a moment lets start with what u. S. Futures are doing after an extraordinary trading day on friday we hit record highs in the morning and a tech inspired selloff in the afternoon meant lackluster returns for the dow and the s p and disappointing returns for the nasdaq, down 1. 8 on friday the money did go elsewhere energy up 2. 5 on fridays session. For the week as a whole, while tech was down 2 financials were up 3 . A selloff in the tech sector the rest of the indices holding up all right the dow was up by 0. 3 the s p slightly lower and the nasdaq down 1. 6 for the week. This morning expecting softness. The dow called lore wer by 42 points the tenyear ending at 2. 209 the selloff in tech extending to asia. Some big heavyweight
2393 in the high so far this morning. Our road map begin with a jobs number 222 in the month of june may and april higher as well. Plus President Trump and Vladimir Putin meeting face to face in the next hour. Its an important moment for the administration. Qualcomm suing apple in its escalating battle over patents how that could effect shipments of the iphone but first up the better than expected jump in june payrolls, 187,000 jobs in the private sector that Unemployment Rate tix up to 44 as more people enter the labor force average Hourly Earnings between 2, maybe thats the only complaint some people have why that would not be higher given the number. Theres many opportunities for come plants. I look at that and i say this is one of the reasons why i remain more than i think many people want and i look at this and i say look if you get job growth that still gives the fed reason to do some normalization which can i want because thats good for the banks but i look at the categories, i
Indexes were pulling back. You can see, were now flat across the board. The nasdaq just inching positive. All and all, one of the rare not up days for your stock investments. And of course all of this coming ahead of what is likely just the second fed rate hike in a decade. Tyler . Thank you very much, brian. We are less than an hour away from that fed rate decision. Most people do expect a quarter point hike. Could it be more . Well explore that in this hour as well. It has been a year since the last hike, then there is yellens News Conference, thats at 2 30 eastern time. Steve liesman following all of it for us live in washington. Hi, steve. Good afternoon. Just a quick note that we got some data this morning, the fed got some data on the second day of its meeting when it makes its policy announcement. And decision. And that data was weaker. I want to show you the cnbc rapid update. What happened is economists have taken. 2 off their forecast for the current quarter, down to 1. 8, th