What is the distance between an inflationary narrative and something similar to goldilocks . That will be the key question. What is the difference in terms of how big the change has to be in the number for people to either be talking about gloom and doom or everything is perfect . Annmarie he said stagflation risk off. If it is north or at 225, goldilocks back on. Jonathan he does not detain stagflation. Looking at apple. Up i almost 6 . Sales declined less than fearful. Lets talk about the financial. The biggest stock buyback ever. 110 billion. The top five biggest buybacks in the history, it is apple, apple, apple, apple, apple. Lisa is this a growth stock or value stock . Is this a stock that has so much money and a company that has so much money the best thing you can do that is give it back . That will be a key question of how you value some of these names that have become more established in their upstart beginning. Annmarie it is a massive buyback but it is only 4 of total Marke
Live from new york city this morning, good morning, good morning. Leaving behind a very messy month of april and kicking off may with the futures 0. 5 on the s p 500. Southside note to south side note, saying the same thing, its a hawkish chair powell. Hawkish relative to what, the last time that they met or what the market is priced for . Lisa its a reason that some people are saying sell the rumor, buy the news. Expecting bonds to sell off, they will be disappointed. Chair powell, basically hawkish means his coming out and saying we are not sure, we havent made us much progress, we are still monitoring it and will not say anything about something that rhymes with wike. Jonathan wike . Just say hike. Lisa he doesnt want to say the h word. [laughter] jonathan 5. 03 on the twoyear this morning. Alan ruskin at Deutsche Bank thinks this is the stat of the day, the 2year note has rallied on all of the last four fomc days, eight of the last 10 days of meetings since february, 2000 23. Chair
Going from potentially janet yellen all the way to raphael bostic. What that translates to is some pressure. The european open. U. S. Futures as well. No green on the screen. Its a worrisome market right now. A lot of people repricing some of the cross asset reaction. We are seeing a lot of moves in the treasury space. The 10r yield higheb three basis points. All a function of what you are seeing further out i te curve. U. S. 30 year yield. Almtat that 5 level. We will no doubt abo hat but thats what you need to know. The lack of plumbinility there seems to be i shoud say we see continued strength. Now you are seeing a pullback in the mexican peso. You will s to see a lot of the rik ppetite diminishing around the wl. Em currencies are the first to get hit, creating aeling tailwind for the dollar. The super peso conversation wevebeen hearing. Brent crude, lack of Risk Appetite right now. Brent true trading in line with what you are seeing across the board. Thats your cross asset equitie
When the 2 00 p. M. Deadline came and went. We will see what happens. These are happening not necessarily at this level, but all over at more campuses yesterday. South florida. You know, if you are watching, it could be any university at this point. Im not surprised to see it happening. Crazy. Everyone comes to these conclusions at the same time at every university. Very strange. Media news. Something that is easier for us to understand, i guess. This is not easy. Bob bakish is stepping down. Me merger negotiations with s skydance continue. Cbs president george cheeks and showtime Ceo Chris Mccarthy and Paramount Pictures chief Brian Robbins will be on the board. They reported 62 cents which beat estimates. We will talk more about the paramount news with rich greenfield later in the hour. To news about the Parent Company that Nbc Universal is prepared to pay 2. 5 billion a year to air a package of nba games. Warners tnt has been paying 1. 2 billion a year under the current deal, but fa
Ferro. In the equity market, posited by 0. 1 . We go to the commodity market, brent 94 94. 93. Tom i take your point, oil is game changer here and it is not 95, it is how we got here. Can you imagine 97 . Why cant you extrapolated out on the edge of 100 . Right now we are at 100 per barrel. Jonathan what is it influence, what does it change . We have to ask a question from the Federal Reserve into tomorrow. Does this change anything for policy and for forecast next year . Lisa ellens that never says no at Morgan Stanley and another at moody say it could be game changer. Saying anything over 100 for any length of time and we are going to be very sick. On one hand, you have to think about what this might do with a diff disinflationary way but also good prices as Mohamed Elerian was changing. Game changing for inflation or growth . Lisa its a great question. We dont really understand. I dont really understand what the major driver is. Is the demandside or supplied cuts. If you have demand