Welcome to squawk alley. Im Carl Quintanilla sarah and john are off interesting morning, rally is hitting the pause button this morning. Earlier today on squawk, berkshires Warren Buffett weighed in on stocks and what he thinks is driving the market now. They are not value developed Interest Rates what has happened in the market has been very sensible nobody thought we would have these kind of sfw rates for a long time. Additionally you have the tax act, which is a huge factor in act, which is a huge factor in valuation. s the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. S
And lead to a Government Shutdown next week. North korea, iran, russia, china, likely topics to come up in the meeting with the Prime Minister. We are going react to the president s press conference. Liz claman catches up with the ceo of arm holdings. Arms architecture is founded 100 billion chips shipped around the globe. Find out what he says about a possible natural a first on fox interview. On wall street, the dow cutting losses in afternoon trading. Could we see another record close in 2018 . We are less than an hour to the closing bell. Im Ashley Webster in for liz claman, lets start the countdown. Breaking news, hundreds still trapped after devastating mudslides that swept away cars leaving 15 people dead, 24 people still missing. Well bring you any updates to the tragic storiesa the details develop. Thats just east of Santa Barbara in california. Meanwhile, stocks hitting the pause button on the 2018 rally. The s p 500 and the nasdaq are looking for first downday are the year f
The earnings season gets into full swing a little bit later on. I think a lot of investors today are trying to digest this surge of bond yields and what that means for a possible rotation. The flipside to this think synchronized Global Growth, the impact on asset classes. We had a story with yen and th e boj. We know Philip Hammond and david davis are separately in germany. Now, coming up, we discuss super cars and making motorsports very cool again when it comes to for example, sustainable gas ceo. We get commodity calls from jeff curry at Goldman Sachs and a little bit later in the day, we bring you the exclusive interview with elizabeth warren. We talk immigration and tax. The children of undocumented immigrants are facing deportation from the country and have won a court order temporarily blocking the Trump Administrations decision to end the dreamer program. A judge in San Francisco rejected the argument that the courts do not have the authority to secondguess whether the presiden
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Have stocks moving on that that will bring you up to date and we aredebating whether big change in Interest Rates is about to affect the stock market weve seen rumblings of and well get to that important story coming up, but we begin with breaking news, a report that canada is increasingly convinced that President Trump will pull out of the north American Free trade agreement. Don chu joins us now with more on how that could affect the market. That tracks some of the Biggest Companies in canada and in mexico. The Biggest Companies in canada. You can see thats pretty good stock down about one and a quarter percent. On the chart just when those headlines came out with regard to whether or not canada thinks that the u. S. Is going to withdraw from nafta. That move there exacerbated by those headlines. Also the ishares mexico capped etf, this is another one that tracks the biggest mexican companies. Same kind of situation that chart on the right hand side, right when the headlines came out